Food Service Packaging Market Size, Share, Growth Report 2032

Food Service Packaging Market

Food Service Packaging Market By Material (Plastic, Metal And Others), By Type (Paper & Paperboard, Flexible Plastic, Rigid Plastic, Beverages Cans And Others), By Application (Meat & Poultry, Beverages, Dairy Products, Fruits & Vegetables, Bakery & Confectionery And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032

Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-2788 Published Date: Feb-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 89.67 Billion USD 148.57 Billion 5.77% 2023

Food Service Packaging Market Size

The global food service packaging market size was worth around USD 89.67 billion in 2023 and is predicted to grow to around USD 148.57 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.77% between 2024 and 2032. The report covers forecast and analysis for the food service packaging market on a global and regional level. The study provides historic data of 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the food service packaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the food service packaging market on a global level.

Global Food Service Packaging Market Size, 2018-2032Request Free Sample

Food Service Packaging Market: Overview

Food service packaging is a technique used by commercial and non-commercial foodservice outlets to pack their food products for services like home delivery and takeaway. The vendors in food service packaging use various new innovative ideas for packaging of food products. Food service packaging consists of wide range of packaging products, such as bowls, plates, cups, clamshells, wraps, etc. The main goal of food service packaging industry is to encompass reducing the adverse effect on the environment while differentiating a brand and food buying experience through packaging innovation.

There is a paradigm shift of consumers in the food consumption pattern from traditional food to packaged food. This rapid increase in the utilization of packed food products across the globe has mainly driven the food service packaging market. Variety of packaging materials, types, and technologies helps the packaging industry provide innovative, safe, and sustainable packaging solutions for different products. Changing lifestyles, urbanization, increase in the working population especially women population, increase in preference for ready to consume foods, use of bioplastics as a sustainable food packaging solution and increasing consumption of fast foods are some of the factors driving the growth of food service packaging market. Also, the use of the online food services has fueled the growth of the market. Stringent rules and regulations for the use of synthetic material and management of industrial waste have affected the growth of the market.

Global Food Service Packaging MarketRequest Free Sample

Food Service Packaging Market: Segmentation

The study provides a decisive view on the food service packaging market by segmenting it on the basis of material, type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

The material segment is divided into plastic, metal, and others. The plastic segment is anticipated to dominate the global food service packaging market. For food packaging, plastics have various applications such as in sealed shut wraps, bottles, containers, etc. This drives the growth of the global plastic segment.

The type segment includes paper & paperboard, flexible plastic, rigid plastic, beverage cans, and others. The paper & paperboard segment is expected to dominate the global food service packaging market in the forecast period. Paper & paperboard are printable and have physical properties which enable them to be made into the flexible and rigid packaging. Due to these properties, there is an increase in demand for paper & paperboard across the globe.

Based on application, the market is segmented into meat & poultry products, dairy products, beverages, fruits & vegetables, bakery & confectionery, and others. The meat & poultry segment dominated in the global food service packaging market due to increasing environmental concerns regarding harmful effects of packaging wastes.

Food Service Packaging Market: Report Scope

Report Attributes Report Details
Report Name Food Service Packaging Market Research Report
Market Size in 2023 USD 89.67 Billion
Market Forecast in 2032 USD 148.57 Billion
Growth Rate CAGR of 5.77%
Number of Pages 214
Key Companies Covered Golden Box Ltd., Huhtamaki OYJ, Genpak LLC, D&W Fine Pack, Linpac Packaging, Gold Plast SPA, Pactiv LLC, Smurfit Kappa Group, Stanpac Inc., and WestRock Company.
Segments Covered By Material, By Type, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Food Service Packaging Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including the U.S., UK, Germany, France, China, Japan, India, Brazil, etc.  Due to the ever-growing number of consumers eating off-the-shelf packaged food, Europe is projected to continue its supremacy in the global food service packaging market. Asia Pacific is expected to show a high CAGR because of the dynamic shift in the consumption pattern of consumers owing to changing lifestyles in this region.

Food Service Packaging Market: Competitive Analysis

  • Golden Box Ltd.
  • Huhtamaki OYJ
  • Genpak LLC
  • D&W Fine Pack
  • Linpac Packaging
  • Gold Plast SPA
  • Pactiv LLC
  • Smurfit Kappa Group
  • Stanpac Inc. 
  • WestRock Company

The global food service packaging market is segmented as follows:

By Material 

  • Plastic
  • Metal
  • Others

By Type

  • Paper & Paperboard
  • Flexible Plastic
  • Rigid Plastic
  • Beverage Cans
  • Others

By Application

  • Meat & Poultry Products
  • Dairy Products
  • Beverages
  • Fruits & Vegetables
  • Bakery & Confectionery
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Food service packaging is a technique used by commercial and non-commercial foodservice outlets to pack their food products for services like home delivery and takeaway.

According to study, the global food service packaging market size was worth around USD 89.67 billion in 2023 and is predicted to grow to around USD 148.57 billion by 2032.

The CAGR value of food service packaging market is expected to be around 5.77% during 2024-2032.

Europe has been leading the global food service packaging market and is anticipated to continue on the dominant position in the years to come.

The global food service packaging market is led by players like Golden Box Ltd., Huhtamaki OYJ, Genpak LLC, D&W Fine Pack, Linpac Packaging, Gold Plast SPA, Pactiv LLC, Smurfit Kappa Group, Stanpac Inc., and WestRock Company.

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