Research By Markets adds Market Research Report - Global Foodservice Packaging Market Growth (Status and Outlook) 2019-2024 – ResearchbyMarkets.com
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Food service packaging is used to package processed and semi-processed food products. It caters to service sectors such as restaurants, fast-food joints, takeaway restaurants, and catering services. It helps in maintaining the hygiene, quality, and safety of food products. It provides heat resistance, prevents the growth of microorganisms, and helps extend the shelf-life of the food product.
Currently, there are many players in Foodservice Packaging industry. Amcor, Georgia-Pacific, Berry Global, Graphic Packaging, Huhtamaki, Coveris, Dart Container, Pactiv, Linpac Packaging, WestRock, Novolex, Fabri-Kal and some others are playing important roles in Foodservice Packaging industry. The market is not so concentrated for now and is seeing to be more dispersed.
In the past few years, the price of Foodservice Packaging shown a slightly increasing trend and we expect the price may keep the trend in a short period. However, as the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Foodservice Packaging. Therefore, to some extent, the companies are facing a risk of profit decline. In order to keep profit, the price may keep the trend in a short period.
According to this study, over the next five years the Foodservice Packaging market will register a 4.5% CAGR in terms of revenue, the global market size will reach US$ 120620 million by 2024, from US$ 96970 million in 2019. In particular, this report presents the global revenue market share of key companies in Foodservice Packaging business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Foodservice Packaging market by product type, application, key companies and key regions.
This study considers the Foodservice Packaging value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
HMR (Hotel Motel Restaurant)
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
D&W Fine Pack
Be Green Packaging
Southern Champion Tray
King Yuan Fu Packaging
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Foodservice Packaging market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Foodservice Packaging market by identifying its various subsegments.
Focuses on the key global Foodservice Packaging players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Foodservice Packaging with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Foodservice Packaging submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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