North America Food Service Packaging Market to Reach US$ 31.69 Mn at CAGR of 6.0% in 2027 | The Insight Partners

North America Food Service Packaging Market to 2027 - Regional Analysis and Forecasts by Material (Plastic, Metal, Others); Packaging Type (Flexible, Rigid); Application (Beverages, Prepared Meals, Fruits and Vegetables, Bakery and Confectionery, Dairy Products, Others)

Publication Month: Jun 2019 | Report Code: TIPRE00005720 | No. of Pages: 93 | Category: Food and Beverages | Status: Published

The North America food service packaging market accounted to US$ 18.60 Mn in 2018 and is expected to grow at a CAGR of 6.0% during the forecast period 2019 - 2027, to account to US$ 31.69 Mn by 2027.

 

The United States accounted for the largest market share in the North America food service packaging market. The food-producing nation is growing at a higher pace driven by an increase in masses of the US. The country is engaged in the food law harmonization work in coordination with Codex Alimentarius, and different government representatives from the FDA and USDA. The country’s government such as Foodservice & Packaging Institute (FPI), American Frozen Food Institute (AFFI), and Molded Pulp Environmental Packaging Association (IMFA) are some of the food-related associations, which ensures greater food safety including their manufacturing, testing, packaging, and all activities. Moreover, the industry has also developed various voluntary recommended practices concerning, handling and merchandising of the frozen foods, which further driven the growth of the food service packaging market in the United Stes. These practices play a vital role in maintaining the quality of frozen, semi-finished, and processed food products for the benefit of users. Moreover, higher demand for processed food in the United States due to a busy lifestyle is leading to higher growth of food service packaging market.

 

Exhibit: North America Food Service Packaging Markets

 

Market Insights

Proliferation in production capacity of packaging products

The demand for food packaging is increasing at a high rate owing to, rising consumer interest towards consumption of fresh products with an extended shelf-life and controlled quality. This factor helps the food packaging manufacturers to design and develop new & safe packaging. On another side, a rising population of the North America region approx. 3.58 Bn, puts extra pressure on food production sectors to adopt enhanced food packaging solution to reduce food wastage. Therefore current approach for improving food industry aiming to lower food damage and wastage is by making important investments for the development of novel and innovative technologies for food packaging. From the last few years, the consumer demands for transparent and less packaging to enable visual validation along with better sustainability and product quality. Continuous rise in the number of food packaging material and packaging technology is driven by changing customer demands for slightly processed and semi-processed foods, new shopper product provision, utilization of automatic handling systems at the distribution centers, and high concern towards customers’ health and safety are some of the factors driving the higher production capacity of packaging solutions. These factors have contributed to the overall growth of the North America food service packaging market.

 

Significant market attractiveness for recycling, reusable, and eco-friendly materials provides opportunity for the food service packaging market growth

Nowadays, consumer demands for safe and least-processed food. To match up with all the demands of consumers, the food service packaging players are making significant changes in packaging solutions. Also, growing concern towards the environment, the government of the US has initiated a plan to ban plastic bags from all the major retail stores. In Canada also, many cities are banning the use of plastic straws and also implemented a ban on distribution of polystyrene foam cups and containers, pertaining with the fact that the end users of food packaging are looking forward to sustainable solutions. Vancouver (Canada) has also accepted a restriction on the use of plastic shopping bags and disposable cups. The packaging industry majorly food packaging projects to ensure 100% of packaging is to be recyclable, reusable, or compostable by the future.

 

Now the companies in food service packaging are seeking ahead to adopt “Less in the way of plastics and single-use materials and more in the way of recycling and sustainable food packaging” solutions. In respect to sustainable packaging, ecologic paper bottles, built from recycled newspapers and corrugated cardboard is gaining high momentum for products such as protein powders, wine, and pet food. Also, TemperPack has made an insulated packaging built from jute and material recycled from the burlap bags, which is used to keep the perishables chilled while shipping, and after-use they are compostable. Therefore, significant market attractiveness for recycling, reusable, and eco-friendly materials is expected to provide growth opportunities to industry players in the North America food service packaging market.

 

Packaging Type Insights

The North America food service packaging market by packaging type has been segmented into flexible and rigid. The rigid food service packaging market segment, dominated the North America food service packaging. Rigid packaging consists of cans, bottles, jars, ampules, plastic pots, aerosol containers, tins, and aluminum bottles which are used to pack and store different food and beverage items. This container gives physical protection to the food which is not offered by flexible packaging. These containers are robust in nature due to the amount of material utilized for their production. The rigid containers provide an airtight hermetic seal which helps in preserving the food item from contamination. Hence, rigid food service packaging is driving the North America food service packaging market. Moreover, the flexible food service packaging market is anticipated to grow at a faster pace over the forecast period.

 

Application Insights

On the basis of application, the North America food service packaging market has been segmented into beverages, prepared meals, fruits and vegetables, bakery and confectionery, dairy products, and others. Under application segment, beverages is the leading segment in the North America food service packaging market. The beverage sector is amongst the front-liners, where huge and significant investments are made for business expansion and technological modification. The packaging of both carbonated and non-carbonated beverages is a challenging technological branch in a food processing /packaging industry. The old and traditional returnable glass bottle has now been replaced by cartons as well as new plastic containers. This has led to a higher demand for food service packaging market North America. The current trend in the packaging industry for beverages aims to improve conventional containers, to produce economic packages, to expand the shelf-life of products, and to deliver better consumer convenience. These factors further propel the demand for food service packaging market.

 

Exhibit: Mexico Food Service Packaging Market by Application

 

Strategic Insights

Merger & acquisition and new product development and were observed as the most adopted strategies in North America food service packaging market. The strategies such as investment has also been observed in the North America food service packaging market. Few of the recent developments in the North America food service packaging market are listed below:

 

2019: Sealed Air Corporation announced that it has signed a definitive agreement to acquire Automated Packaging Systems, Inc. (APS), which is a leading manufacturer of high-reliability, automated bagging systems.

 

2019: Sealed Air expanded its food packaging operations in Asia with the acquisition of MGM'S flexible packaging business .It would leverage MGM’s expertise to expand its printing and lamination capabilities and better serve customers throughout the Asia Pacific region.

 

2019: DS Smith North America Packaging and Paper plans to grow its North American presence with a new manufacturing facility in Lebanon, Indian. The operation based in Lebanon has been designed to be equipped with the latest in industry-leading technologies, food safety and hygiene accreditations.

 

NORTH AMERICA FOOD SERVICE PACKAGING MARKET SEGMENTATION
By Material

  • Plastic
  • Metal
  • Others

By Packaging Type

  • Flexible
  • Rigid

By Application

  • Beverages
  • Prepared Meals
  • Fruits and Vegetables
  • Bakery and Confectionery
  • Dairy Products
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico

Company Profiles

  • Amcor Limited
  • Ball Corporation
  • Bemis Company, Inc.
  • Berry North America, Inc.
  • Dow Industries Inc
  • DS Smith PLC
  • Genpak LLC
  • Huhtamäki Oyj
  • Sealed Air Corporation
  • WestRock Company

 

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        North America Food Service Packaging Market – By Material

1.3.2        North America Food Service Packaging Market – By Packaging Type

1.3.3        North America Food Service Packaging Market – By Application

1.3.4        North America Food Service Packaging Market – By Geography

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Food Service Packaging Market Landscape

4.1       Market Overview

4.2       Pest Analysis

4.2.1        North America – PEST Analysis

4.3       Expert Opinions

5.             North America Food Service Packaging Market –  Key Industry Dynamics

5.1       Key Market Drivers

5.1.1        Proliferation In Production Capacity Of Packaging Products

5.1.2        Changing Customer Preferences For High-Quality And Standard Products

5.2       Key Market Restraints

5.2.1        Complicated Nature of Supply Chain Business

5.3       Key Market Opportunities

5.3.1        Significant Market Attractiveness For Recycling, Reusable, And Eco-Friendly Materials

5.3.2        Evolving Online Food Ordering Market

5.4       Future Trend

5.4.1        Advent Of Smart And Intelligent Packaging Materials In Food Industry

5.5       Impact Analysis Of Drivers And Restraints

6.             Food Service Packaging Market – North America Analysis

6.1       North America Food Service Packaging Market Overview

6.2       North America Food Service Packaging Market Forecast and Analysis

6.3       Market Positioning –Top 5 Players

7.             North America Food Service Packaging Market Analysis – By Material

7.1       Overview

7.2       North America Food Service Packaging Market Breakdown, By Material, 2018 & 2027

7.3       Plastic

7.3.1        Overview

7.3.2        North America Plastic Revenue and Forecasts to 2027 (US$ Bn)

7.4       Metal

7.4.1        Overview

7.4.2        North America Metal Revenue and Forecasts to 2027 (US$ Bn)

7.5       Others

7.5.1        Overview

7.5.2        North America Others Market Revenue and Forecasts to 2027 (US$ Bn)

8.             North America Food Service Packaging Market Analysis – By Packaging Type

8.1       Overview

8.2       North America Food Service Packaging Market Breakdown, By Solution, 2018 & 2027

8.3       Flexible

8.3.1        Overview

8.3.2        North America Flexible Market Revenue and Forecasts to 2027 (US$ Bn)

8.4       Rigid

8.4.1        Overview

8.4.2        North America Rigid Market Revenue and Forecasts to 2027 (US$ Bn)

9.             North America Food Service Packaging Market Analysis – By Application

9.1       Overview

9.2       North America Food Service Packaging Market Breakdown, By Application, 2018 & 2027

9.3       Beverages

9.3.1        Overview

9.3.2        North America Beverages Revenue and Forecasts to 2027 (US$ Bn)

9.4       Prepared Meals

9.4.1        Overview

9.4.2        North America Prepared Meals Market Revenue and Forecasts to 2027 (US$ Bn)

9.5       Fruits and Vegetables

9.5.1        Overview

9.5.2        North America Fruits and Vegetables Market Revenue and Forecasts to 2027 (US$ Bn)

9.6       Bakery and Confectionery

9.6.1        Overview

9.6.2        North America Bakery and Confectionery Market Revenue and Forecasts to 2027 (US$ Bn)

9.7       Dairy Products

9.7.1        Overview

9.7.2        North America Dairy Products Market Revenue and Forecasts to 2027 (US$ Bn)

9.8       Others

9.8.1        Overview

9.8.2        North America Others Market Revenue and Forecasts to 2027 (US$ Bn)

10.          Food Service Packaging Market Revenue And Forecasts To 2027 – Geography

10.1.1     North America Food Service Packaging Market Breakdown, by Key Countries

10.1.1.1    U.S. Food Service Packaging Market Revenue and Forecasts to 2027 (US$ BN)

10.1.1.1.1    U.S Food Service Packaging Market Breakdown by Material

10.1.1.1.2    U.S. Food Service Packaging Market Breakdown by Packaging Type

10.1.1.1.3    U.S. Food Service Packaging Market Breakdown by Application

10.1.1.2    Canada Food Service Packaging Market Revenue and Forecasts to 2027 (US$ BN)

10.1.1.2.1    Canada Food Service Packaging Market Breakdown by Material

10.1.1.2.2    Canada Food Service Packaging Market Breakdown by Packaging Type

10.1.1.2.3    Canada Food Service Packaging Market Breakdown by Application

10.1.1.3    Mexico Food Service Packaging Market Revenue and Forecasts to 2027 (US$ Bn)

10.1.1.3.1    Mexico Food Service Packaging Market Breakdown by Material

10.1.1.3.2    Mexico Food Service Packaging Market Breakdown by Packaging Type

10.1.1.3.3    Mexico Food Service Packaging Market Breakdown by Application

11.          Industry Landscape

11.1    Merger & Acquisition

11.2    Investment Scenario

11.3    New Development

12.          Food Service Packaging Market – Company Profiles

12.1    Amcor Limited

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    Ball Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Bemis Company, Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Berry Global, Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Dow Industries, Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    DS Smith PLC

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    Genpak LLC

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Huhtamäki Oyj.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Sealed Air Corporation

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 WestRock Company

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Glossary of Terms

List Of Tables

TABLE 1.           North America Food Service Packaging Market Revenue and Forecasts to 2027 (US$ bn)

TABLE 2.           U.S. Food Service Packaging Market Revenue and Forecasts to 2027 – By Material (US$ Bn)

TABLE 3.           U.S. Food Service Packaging Market Revenue and Forecasts to 2027 – By Packaging Type (US$ Bn)

TABLE 4.           U.S. Food Service Packaging Market Revenue and Forecasts to 2027 – By Application (US$ bn)

TABLE 5.           Canada Food Service Packaging Market Revenue and Forecasts to 2027 – By Material (US$ Bn)

TABLE 6.           Canada Food Service Packaging Market Revenue and Forecasts to 2027 – By Packaging Type (US$ Bn)

TABLE 7.           Canada Food Service Packaging Market Revenue and Forecasts to 2027 – By Application  (US$ Bn)

TABLE 8.           Mexico Food Service Packaging Market Revenue and Forecasts to 2027 – By Material (US$ Bn)

TABLE 9.           Mexico Food Service Packaging Market Revenue and Forecasts to 2027 – By Packaging Type  (US$ Bn)

TABLE 10.        Mexico Food Service Packaging Market Revenue and Forecasts to 2027 – By Application (US$ Bn)

TABLE 11.        Glossary of Term: Food Service Packaging Market

List Of Figures

FIGURE 1.        North America Food Service Packaging market segmentation

FIGURE 2.        North America Food Service Packaging market segmentation – BY country

FIGURE 3.        United States Food Service Packaging Market, by revenue, 2018 & 2027, (uS$ Bn)

FIGURE 4.        North America Food Service Packaging Market – By packaging Type, 2018-2027, (%)

FIGURE 5.        north america – pest analysis

FIGURE 6.        Food Service Packaging Market Impact Analysis of Driver and Restraints

FIGURE 7.        North America Food Service Packaging Market Forecast and Analysis to 2027, US$ Bn

FIGURE 8.        North America Food Service Packaging Market Breakdown By Material, 2018 & 2027 (%)

FIGURE 9.        North America Plastic Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 10.     North America Metal Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 11.     North America Others Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 12.     North America Food Service Packaging Market Breakdown By Packaging Type, 2018 & 2027 (%)

FIGURE 13.     North America Flexible Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 14.     North America Rigid Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 15.     North America Food Service Packaging Market Breakdown By Application, 2018 & 2027 (%)

FIGURE 16.     North America Beverages Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 17.     North America Prepared Meals Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 18.     North America Fruits and Vegetables Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 19.     North America Bakery and Confectionery Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 20.     North America Dairy Products Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 21.     North America Others Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 22.     North America Food Service Packaging Market Breakdown by Key Countries, 2018 & 2027(%)

FIGURE 23.     U.S. Food Service Packaging Market Revenue and Forecasts to 2027 (US$ BN)

FIGURE 24.     Canada Food Service Packaging Market Revenue and Forecasts to 2027 (US$ bN)

FIGURE 25.     Mexico Food Service Packaging Market Revenue and Forecasts to 2027 (US$ BN)

 

The List of Companies

  1. Amcor Limited
  2. Ball Corporation
  3. Bemis Company, Inc.
  4. Berry North America, Inc.
  5. Dow Industries Inc
  6. DS Smith PLC
  7. Genpak LLC
  8. Huhtamäki Oyj
  9. Sealed Air Corporation
  10. WestRock Company

 

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the North America Food Service Packaging Market, thereby allowing players to develop effective long term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.