North America Food Service Packaging Market Forecast to 2028

Report Code : TIPRE00005720 | Region : North America | Industry : Chemicals and Materials | Published Date : 25/Mar/2022
North America Food Service Packaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Material (Plastic, Metal, and Others), Packaging Type (Flexible and Rigid), and Application (Beverages, Prepared Meals, Fruits and Vegetables, Bakery and Confectionery, Dairy Products, and Others)

The North America food service packaging market was valued at US$ 24,502.38 million in 2021 and is projected to reach US$ 34,995.67 million by 2028. It is expected to grow at a CAGR of 5.2% from 2021 to 2028.

Food service packaging products help protect the food products from contamination caused by microorganisms, air, and moisture. Food service packaging includes products, such as bowls, plates, cups, clamshells, and wraps. The food service packaging market serves the food service industry, consisting of offline and online food service stores that are serving a huge number of people all over the world. North America food service packaging market is mainly driven by factors, such as a significant shift of the consumers towards convenience food and on-the-go lifestyles.

Moreover, the growing preference for ready-to-eat food is driving the demand for food service packaging in North America. With the ever-increasing health consciousness among consumers in North America, many foodservice outlets serving nutritious meals have emerged over the past few years. This has created the need for adequate packaging for the foodservice outlets. Rising demand for sustainable packaging solutions is expected to deliver substantial growth opportunities to the industry players in the near future.

Based on 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. The beverages segment held the largest share in the North America food service packaging market in 2020. The beverage sector is amongst the front-liners, where significant investments are made for business expansion and technological modification. The packaging of carbonated and non-carbonated beverages is a challenging technological branch in the food processing/packaging industry. Cartons and new plastic containers have now replaced the old and traditional returnable glass bottles. The use of plastics continues to increase as a beverage packaging material due to its low cost and functional benefits, including the ability to be microwaved and thermos-sealed.

In 2020, the US held the largest revenue share of the North America food service packaging market. The US is one of the major markets for food service packaging products in North America. Factors, such as the growing preferences of consumers for convenience food products and the increasing trend of food takeaways are mainly driving the food service packaging market in the US.

Further, the growth of the country's food service packaging market is attributed to various strategies adopted by players in the US food service packaging market such as new product launches, expansion, mergers, and acquisitions. The country is also engaged in the food law harmonization work in coordination with Codex Alimentarius and different government representatives from the Food and Drug Administration (FDA) and the United States Department of Agriculture (USDA).

Amcor plc; Berry Global Inc.; Huhtamaki; Genpak, LLC; WestRock Company; Sealed Air; Ball Corporation; DS Smith; Graham Packaging Company; and Graphic Packaging Holding Company are some of the players operating in the North America food service packaging market. These market players are highly focused on developing high-quality and innovative product offerings to fulfill the customer's requirements. Players operating in the North America food service packaging market are constantly focusing on strategies, such as expansion and mergers & acquisitions.

The size of the overall North America food service packaging market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America food service packaging market.

List of 10 Companies_ NA Food Service Packaging Market

1. Amcor PLC

2. Berry Global Inc.

3. Huhtamaki

4. Genpak, LLC

5. WestRock Company

6. Sealed Air

7. Ball Corporation

8. DS Smith

9. Graham Packaging Company

10. Graphic Packaging Holding Company

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

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 Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. North America Food Service Packaging Market Landscape

4.1 Market Overview

4.2 Pest Analysis

4.2.1 North America – PEST Analysis

4.3 Expert Opinion

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

5.1 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 Market Restraints

5.2.1 Complicated Nature of Supply Chain Business

5.3 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 Trends

5.4.1 Advent of Smart and Intelligent Packaging Materials in Food Industry

5.5 Impact Analysis

6. North America Food Service Packaging – Market Analysis

6.1 North America Food Service Packaging Market Overview

6.2 North America Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – North America Food Service Packaging Market 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, 2020 and 2028

7.3 Plastic

7.3.1 Overview

7.3.2 North America Plastic Revenue and Forecasts To 2028 (US$ Million)

7.4 Metal

7.4.1 Overview

7.4.2 North America Metal Revenue and Forecasts To 2028 (US$ Million)

7.5 Others

7.5.1 Overview

7.5.2 North America Others Market Revenue and Forecasts To 2028 (US$ Million)

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

8.1 Overview

8.2 North America Food service packaging Market Breakdown, BY PACKAGING TYPE, 2020 and 2028

8.3 Flexible

8.3.1 Overview

8.3.2 North America Flexible Market Revenue and Forecasts To 2028 (US$ Million)

8.4 Rigid

8.4.1 Overview

8.4.2 North America Rigid Market Revenue and Forecasts To 2028 (US$ Million)

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

9.1 Overview

9.2 North America Food service packaging Market Breakdown, By application, 2020 and 2028

9.3 Beverages

9.3.1 Overview

9.3.2 North America Beverages Revenue and Forecasts To 2028 (US$ Million)

9.4 Prepared Meals

9.4.1 Overview

9.4.2 North America Prepared Meals Market Revenue and Forecasts To 2028 (US$ Million)

9.5 Fruits and Vegetables

9.5.1 Overview

9.5.2 North America Fruits and Vegetables Market Revenue and Forecasts To 2028 (US$ Million)

9.6 Bakery and Confectionery

9.6.1 Overview

9.6.2 North America Bakery and Confectionery Market Revenue and Forecasts To 2028 (US$ Million)

9.7 Dairy Products

9.7.1 Overview

9.7.2 North America Dairy Products Market Revenue and Forecasts To 2028 (US$ Million)

9.8 Others

9.8.1 Overview

9.8.2 North America Others Market Revenue and Forecasts To 2028 (US$ Million)

10. Food Service Packaging Market Revenue And Forecasts To 2028 – 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 2028 (US$ MILLION)

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 2028 (US$ MILLION)

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 2028 (US$ Million)

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. Impact of COVID-19 Pandemic on North America Food Service Packaging Market

11.1 North America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger and Acquisition

13. Company Profiles

13.1 Amcor PLC

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Berry Global Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Huhtamaki

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Genpak, LLC

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 WestRock Company

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Sealed Air

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Ball Corporation

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 DS Smith

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Graham Packaging Company

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Graphic Packaging Holding Company

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary of Terms

LIST OF TABLES.

Table 1. North America Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. U.S. Food Service Packaging Market Revenue and Forecasts To 2028 – By Material (US$ Million)

Table 3. U.S. Food Service Packaging Market Revenue and Forecasts To 2028 – By Packaging Type (US$ Million)

Table 4. U.S. Food Service Packaging Market Revenue and Forecasts To 2028 – By Application (US$ million)

Table 5. Canada Food Service Packaging Market Revenue and Forecasts To 2028 – By Material (US$ Million)

Table 6. Canada Food Service Packaging Market Revenue and Forecasts To 2028 – By Packaging Type (US$ Million)

Table 7. Canada Food Service Packaging Market Revenue and Forecasts To 2028 – By Application (US$ Million)

Table 8. Mexico Food Service Packaging Market Revenue and Forecasts To 2028 – By Material (US$ Million)

Table 9. Mexico Food Service Packaging Market Revenue and Forecasts To 2028 – By Packaging Type (US$ Million)

Table 10. Mexico Food Service Packaging Market Revenue and Forecasts To 2028 – By Application (US$ Million)

Table 11. Glossary of Terms, North America Food Service Packaging Market

List of 10 Companies_ NA Food Service Packaging Market

1. Amcor PLC

2. Berry Global Inc.

3. Huhtamaki

4. Genpak, LLC

5. WestRock Company

6. Sealed Air

7. Ball Corporation

8. DS Smith

9. Graham Packaging Company

10. Graphic Packaging Holding Company

Reason To Buy

• 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.

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