As per this study the Global Food Service Packaging Market was valued USD 60 BN (by revenue) in 2017 and is anticipated to reach USD 87.3 BN by 2024 with a CAGR of 5.5%.
                              
Food service packaging is a packaging used for packaging of all types of including processed and semi-processed food in order to preserve the food for long duration and maintain freshness. The food service packaging includes wraps, clamshells, cups, plates, bowls and so on.
 
Objectives of the Study:

• Define and measure the global food service packaging market
• Revenue forecast of the global food service packaging market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
Growing demand from end-use industries such as food outlets, food and beverages, and restaurants along with the rising demand for sustainable and recyclable packaging is fueling the market growth. Additionally, the rising trend of ready-to-eat food, growing usage of convenient packaging coupled with the changing consumer demand patterns regarding food packaging is again propelling market growth. Moreover, expansion of food service store offline, as well as an online serving huge number of people across the globe, is further augmenting market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of food service packaging.
 
Market Segmentation
 
The broad food service packaging market has been sub-grouped into the material, type, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Material

• Plastic
• Metal
• Others

 
By Type

• Paper & Paperboard
• Flexible Plastic
• Rigid Plastic
• Beverage Cans
• Others

 
By Application

• Meat & Poultry Products
• Dairy Products
• Beverages
• Fruits & Vegetables
• Bakery & Confectionery
• Others

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for food service packaging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Food Service Packaging Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the food service packaging market includes D&W Fine Pack LLC, Genpak LLC, Gold Plast SPA, Golden Box Ltd., Huhtamaki Oyj, Klockner Pentaplast, Pactiv LLC, Smurfit Kappa Group, Stanpac Inc., and WestRock Company. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.