North America Food Service Packaging Market Key Players and Forecast by 2028

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.

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.

Impact of COVID-19 Pandemic on 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.

North America Food Service Packaging Market Breakdown –by Region

Market Insights

Proliferation in Production Capacity of Packaging Products

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.

Convenience is one of a factor accountable to boost adoption of fresh and nutritious ready-to-cook meals, and hence the demand for easy-to-cook packaging is rising. Due to time constraint faced by the individuals, ready-to-cook meals help the masses to manage their eating time. Continuous rise in demand for frozen, processed & semi-processed food items by the individuals with higher nutritional values, is supporting the food packaging manufacturers to increase their production capacity of packaging products for diversified product categories.

Packaging Type Insights

Based on packaging type, the North America food service packaging market has been segmented into flexible and rigid. The rigid segment held a larger share in the North America food service packaging market in 2020. The rigid packaging consists of cans, bottles, jars, plastic pots, aerosol containers, tins, and aluminum bottles used to pack and store different food and beverage items. These containers give such physical protection to the food, which is not offered by flexible packaging. The rising demand for pre-prepared food from the end users is increasing the production of rigid containers.

North America Food Service Packaging Market, by Packaging Type – 2020 and 2028

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North America Food Service Packaging Market: Strategic Insights

North America Food Service Packaging Market

• Market Size 2021
  US$ 24,502.38 Million
• Market Size 2028
  US$ 34,995.67 Million

Market Dynamics

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FUTURE TRENDS

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OPPORTUNITIES

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Regional Overview

• North America

Market Segmentation

Material

• Plastic
• Metal

Packaging Type

• Flexible and Rigid

Application

• Beverages
• Prepared Meals
• Fruits and Vegetables
• Bakery and Confectionery
• Dairy Products

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North America Food Service Packaging MarketReport Scope

North America Food Service Packaging Market Report Scope