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.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
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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
Market Size Value in US$ 24,502.38 million in 2021 Market Size Value by US$ 34,995.67 million by 2028 Growth rate CAGR of 5.2% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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North America Food Service Packaging Market: Strategic Insights
| Market Size Value in | US$ 24,502.38 million in 2021 |
| Market Size Value by | US$ 34,995.67 million by 2028 |
| Growth rate | CAGR of 5.2% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Amcor plc; Berry Global Inc.; Huhtamaki; Genpak, LLC; WestRock Company; Sealed Air; Ball Corporation; DS Smith; Graham Packaging Company; and Graphic Packaging Holding Company are some of the players in the North America food service packaging market. Players operating in the market are constantly focusing on strategies, such as mergers & acquisitions, and expansion to expand their footprints. These market players are highly focused on developing high-quality and innovative product offerings to fulfill the customer's requirements.
Report Spotlights
- Progressive industry trends in the North America food service packaging market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the North America food service packaging market from 2019 to 2028
- Estimation of demand for North America food service packaging
- Recent developments to understand the competitive market scenario
- Market trends and outlook and factors driving and restraining the growth of the North America food service packaging market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the North America food service packaging market at various nodes
- Detailed overview and segmentation of the market, as well as the North America food service packaging industry dynamics
- Size of the North America food service packaging market in various regions with promising growth opportunities
North America Food Service Packaging Market
Material
- Plastic
- Metal
- Others
Packaging Type
- Flexible
- Rigid
Application
- Beverages
- Prepared Meals
- Fruits and Vegetables
- Bakery and Confectionery
- Dairy Products
- Others
Company Profiles
- Amcor plc
- Berry Global Inc.
- Huhtamaki
- Genpak, LLC
- WestRock Company
- Sealed Air
- Ball Corporation
- DS Smith
- Graham Packaging Company
- Graphic Packaging Holding Company
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Packaging Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Food Service Packaging Market, by Material
1.3.2 North America Food Service Packaging Market, by Packaging Type
1.3.3 North America Food Service Packaging Market, by Application
1.3.4 North America Food Service Packaging Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Food Service Packaging Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.2.1 North America – PEST Analysis
4.3 Expert Opinion
5. North America Food Service Packaging Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Proliferation in Production Capacity of Packaging Products
5.1.2 Changing Customer Preferences for High-Quality and Standard Products
5.2 Market Restraints
5.2.1 Complicated Nature of Supply Chain Business
5.3 Market Opportunities
5.3.1 Significant Market Attractiveness for Recycling, Reusable, and Eco-Friendly Materials
5.3.2 Evolving Online Food Ordering Market
5.4 Future Trends
5.4.1 Advent of Smart and Intelligent Packaging Materials in Food Industry
5.5 Impact Analysis
6. North America Food Service Packaging – Market Analysis
6.1 North America Food Service Packaging Market Overview
6.2 North America Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – North America Food Service Packaging Market Players
7. North America Food Service Packaging Market Analysis – By Material
7.1 Overview
7.2 North America Food Service Packaging Market Breakdown, By Material, 2020 and 2028
7.3 Plastic
7.3.1 Overview
7.3.2 North America Plastic Revenue and Forecasts To 2028 (US$ Million)
7.4 Metal
7.4.1 Overview
7.4.2 North America Metal Revenue and Forecasts To 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 North America Others Market Revenue and Forecasts To 2028 (US$ Million)
8. North America Food Service Packaging Market Analysis – By Packaging Type
8.1 Overview
8.2 North America Food service packaging Market Breakdown, BY PACKAGING TYPE, 2020 and 2028
8.3 Flexible
8.3.1 Overview
8.3.2 North America Flexible Market Revenue and Forecasts To 2028 (US$ Million)
8.4 Rigid
8.4.1 Overview
8.4.2 North America Rigid Market Revenue and Forecasts To 2028 (US$ Million)
9. North America Food Service Packaging Market Analysis – By Application
9.1 Overview
9.2 North America Food service packaging Market Breakdown, By application, 2020 and 2028
9.3 Beverages
9.3.1 Overview
9.3.2 North America Beverages Revenue and Forecasts To 2028 (US$ Million)
9.4 Prepared Meals
9.4.1 Overview
9.4.2 North America Prepared Meals Market Revenue and Forecasts To 2028 (US$ Million)
9.5 Fruits and Vegetables
9.5.1 Overview
9.5.2 North America Fruits and Vegetables Market Revenue and Forecasts To 2028 (US$ Million)
9.6 Bakery and Confectionery
9.6.1 Overview
9.6.2 North America Bakery and Confectionery Market Revenue and Forecasts To 2028 (US$ Million)
9.7 Dairy Products
9.7.1 Overview
9.7.2 North America Dairy Products Market Revenue and Forecasts To 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 North America Others Market Revenue and Forecasts To 2028 (US$ Million)
10. Food Service Packaging Market Revenue And Forecasts To 2028 – Geography
10.1.1 North America Food Service Packaging Market Breakdown, by Key Countries
10.1.1.1 U.S. Food Service Packaging Market Revenue and FORECASTS TO 2028 (US$ MILLION)
10.1.1.1.1 U.S Food Service Packaging Market Breakdown by Material
10.1.1.1.2 U.S. Food Service Packaging Market Breakdown by Packaging Type
10.1.1.1.3 U.S. Food Service Packaging Market Breakdown by Application
10.1.1.2 Canada Food Service Packaging Market Revenue and Forecasts To 2028 (US$ MILLION)
10.1.1.2.1 Canada Food Service Packaging Market Breakdown by Material
10.1.1.2.2 Canada Food Service Packaging Market Breakdown by Packaging Type
10.1.1.2.3 Canada Food Service Packaging Market Breakdown by Application
10.1.1.3 Mexico Food Service Packaging Market Revenue and Forecasts To 2028 (US$ Million)
10.1.1.3.1 Mexico Food Service Packaging Market Breakdown by Material
10.1.1.3.2 Mexico Food Service Packaging Market Breakdown by Packaging Type
10.1.1.3.3 Mexico Food Service Packaging Market Breakdown by Application
11. Impact of COVID-19 Pandemic on North America Food Service Packaging Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Amcor PLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Berry Global Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Huhtamaki
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Genpak, LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 WestRock Company
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sealed Air
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Ball Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 DS Smith
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Graham Packaging Company
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Graphic Packaging Holding Company
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. U.S. Food Service Packaging Market Revenue and Forecasts To 2028 – By Material (US$ Million)
Table 3. U.S. Food Service Packaging Market Revenue and Forecasts To 2028 – By Packaging Type (US$ Million)
Table 4. U.S. Food Service Packaging Market Revenue and Forecasts To 2028 – By Application (US$ million)
Table 5. Canada Food Service Packaging Market Revenue and Forecasts To 2028 – By Material (US$ Million)
Table 6. Canada Food Service Packaging Market Revenue and Forecasts To 2028 – By Packaging Type (US$ Million)
Table 7. Canada Food Service Packaging Market Revenue and Forecasts To 2028 – By Application (US$ Million)
Table 8. Mexico Food Service Packaging Market Revenue and Forecasts To 2028 – By Material (US$ Million)
Table 9. Mexico Food Service Packaging Market Revenue and Forecasts To 2028 – By Packaging Type (US$ Million)
Table 10. Mexico Food Service Packaging Market Revenue and Forecasts To 2028 – By Application (US$ Million)
Table 11. Glossary of Terms, North America Food Service Packaging Market
LIST OF FIGURES
Figure 1. North America Food Service Packaging Market Segmentation
Figure 2. North America Food Service Packaging Market Segmentation – By Country
Figure 3. North America Food Service Packaging Market Overview
Figure 4. North America Food Service Packaging Market, By Packaging Type
Figure 5. North America Food Service Packaging Market, by Country
Figure 6. North America Food Service Packaging Market, Industry Landscape
Figure 7. North America – Pest Analysis
Figure 8. Expert Opinion
Figure 9. North America Food Service Packaging Market Impact Analysis of Drivers and Restraints
Figure 10. Geographic Overview of North America Food Service Packaging Market
Figure 11. North America Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Food service packaging Market Breakdown By Material, 2020 and 2028 (%)
Figure 13. North America Plastic Market Revenue and Forecasts To 2028 (US$ million)
Figure 14. North America Metal Market Revenue and Forecasts To 2028 (US$ million)
Figure 15. North America others Market Revenue and Forecasts To 2028 (US$ million)
Figure 16. North America Food service packaging Market Breakdown By Packaging Type, 2020 and 2028 (%)
Figure 17. North America Flexible Market Revenue and Forecasts To 2028 (US$ Million)
Figure 18. North America Rigid Market Revenue and Forecasts To 2028 (US$ million)
Figure 19. North America Food service packaging Market Breakdown By Application, 2020 and 2028 (%)
Figure 20. North America BEVERAGES Market Revenue and Forecasts To 2028 (US$ Million)
Figure 21. North America Prepared Meals Market Revenue and Forecasts To 2028 (US$ Million)
Figure 22. North America Fruits and Vegetables Market Revenue and Forecasts To 2028 (US$ Million)
Figure 23. North America Bakery and Confectionery Market Revenue and Forecasts To 2028 (US$ Million)
Figure 24. North America Dairy Products Market Revenue and Forecasts To 2028 (US$ Million)
Figure 25. North America Others Market Revenue and Forecasts To 2028 (US$ Million)
Figure 26. North America Food Service Packaging Market Breakdown by Key Countries, 2020 and 2028(%)
Figure 27. U.S. Food Service Packaging Market Revenue and Forecasts To 2028 (US$ MILLION)
Figure 28. Canada Food Service Packaging Market Revenue and Forecasts To 2028 (US$ million)
Figure 29. Mexico Food Service Packaging Market Revenue and Forecasts To 2028 (US$ MILLION)
Figure 30. Impact of COVID-19 Pandemic in North America
- Amcor PLC
- Berry Global Inc.
- Huhtamaki
- Genpak, LLC
- WestRock Company
- Sealed Air
- Ball Corporation
- DS Smith
- Graham Packaging Company
- Graphic Packaging Holding Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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