The Foodservice packaging market is in great demand, mostly as a result of the growing global consumer demand for pre-packaged food goods. With the growing need to decrease pollution and waste, manufacturers are rapidly switching from conventional packaging solutions to eco-friendly, bio-based ones. PMR’s research also discusses in depth why the foodservice packaging market will witness stagnation in established regions such as North America and Europe, and how Asia Pacific will give the most lucrative prospects to players in this space.
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Extrusion coated paper has become popular in the world foodservice packaging market. To illustrate the characteristics of plastic, paper is coated with an extrusion process. The main purpose of extrusion coating on paper is to improve the mechanical and chemical characteristics of foodservice packaging, such as food wraps, pizza boxes, plates, and so forth (such as: moisture and fragrance resistance, oxygen barrier, heat seal ability, and other chemical film features).
Additionally, extrusion coating is typically used to protect paper from grease when making sandwiches, pizzas, etc. Extrusion coating is applied to the paper by pouring molten plastic over it, cooling it, and then repeating the process to create a uniform and extremely thin layer of plastic on the surface.
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Companies
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- Dart Container Corporation
- Georgia-Pacific LLC
- Anchor Packaging Inc.
- Pactiv LLC
- D&W Fine Pack
- Gold Plast SPA
- Berry Global Group Inc.
- DOpla S.p.A.
- Smurfit Kappa Group
- WestRock Company
- Huhtamäki Oyj
- New WinCup Holdings, Inc.
- Linpac Packaging Ltd
- Graphic Packaging Holding Company
- Coveris Holdings S.A.
- Novolex Holdings, Inc.
- Be Green Packaging
- Genpak, LLC
- GRACZ, INC.
- Southern Champion Tray, LP
Foodservice Packaging Market: Competition and Regional Overview
According to PMR’s analysis, it is anticipated that, the Asia Pacific region is expected to lead the global foodservice packaging market share due to rapidly growing urbanization, especially across emerging nations. Changing taste and preferences of consumers and increasing adoption of takeaways from hotels & restaurants by consumers are playing major roles for market growth. North America is also expected to witness decent growth in the global foodservice packaging market because of the presence of a huge customer base for pre-packaged food in the region.
Further, players in the foodservice packaging market focus on strengthening their market footprints worldwide and provide innovative solutions to customers, so as to have a competitive advantage in this space.
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Analysts’ Viewpoint
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- A brief overview of the changing landscape of the foodservice packaging market has led our analysts to conclude that, the foodservice packaging industry is expected to gain more traction in the next decade. Developed countries of North America and Europe are expected to experience stagnant growth. On the other hand, Asia Pacific is expected to create potential sales opportunities in the foodservice packaging market, attributing to rapidly developing trend of fast food and take-away food consumption among millennials.
- Further, inclusion of green packaging solutions in the foodservice industry is creating huge growth opportunities for end users, who are are gradually shifting to the use of 100% recycled material for packaging. Amid the COVID-19 pandemic, end users and key players are laying more emphasis on clean room and non-contaminated packaging technology for food packaging, which might further increase their profitability.
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About Consumer Goods Division at Persistence Market Research: The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.
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