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.
Packaging plays an essential role in maintaining quality and keeping food safe during handling and transportation. Food service packaging protects the food products from contamination caused by microorganisms, air, and moisture.
North America Food Service Packaging Market In 2020, the US held the largest revenue share of the North America food service packaging market. The US food service packaging market is mainly driven by consumers’ growing preferences for convenience food products and the increasing trend of food takeaways. Further, players operating in the food service packaging market are adopting various strategies, such as new product launches, expansion, mergers & acquisitions, contributing to the market growth in the country.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/TIPRE00005720
Impact of COVID-19 Pandemic on North America Food Service Packaging Market
North America Food Service Packaging Market The COVID-19 pandemic affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The pandemic has disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. The rapid spread of COVID-19 has posed unprecedented challenges to the food service industry. Social distancing policies in various countries across North America enforced the closure of restaurants, bars, and clubs.
However, as the economies began their revival in 2021, the demand for various food service packaging products rose for several applications. The need for single-use packaging, containers with anti-microbial additives, or packaging that reduces human handling is accelerating.
Market Insights
Proliferation in Production Capacity of Packaging Products
North America Food Service Packaging Market The demand for food packaging is increasing at a high rate due to rising consumer interest in consuming fresh products with an extended shelf-life and controlled quality. This factor helps food packaging manufacturers design and develop new and safe packaging products. The rising population puts extra pressure on the food production sector to adopt advanced food packaging solutions to reduce food wastage. Continuous rise in the demand for frozen, processed, and semi-processed food items by individuals with higher nutritional values, is supporting the food packaging manufacturers to increase their production capacity of packaging products to diversify product categories.
📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/north-america-food-service-packaging-market
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
Amcor PLC
Berry Global Inc.
Huhtamaki
Genpak, LLC
WestRock Company
Sealed Air
Ball Corporation
DS Smith
Graham Packaging Company
Graphic Packaging Holding Company
North America Food Service Packaging Market
The North American food service packaging market is a critical segment of the overall packaging industry. Food service packaging refers to the materials used to package food items in commercial settings such as restaurants, cafes, fast food chains, and other establishments where food is prepared and served to customers. North America Food Service Packaging Market With a growing trend toward convenience and sustainability, the demand for food service packaging has witnessed significant evolution. The market is influenced by several key factors, including changing consumer preferences, environmental concerns, and the ongoing development of innovative packaging solutions.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
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Author: Akash Gharge
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬: Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
