Global Food Service Packaging Market: Key Highlights
Global Food Service Packaging Market: Key Market Dynamics
Global Food Service Packaging Market: Regional Overview
The Asia Pacific food service and packaging market is mainly driven by the factors such as growing the population and the consequent increase in demand for processed & prepared food, due to the hectic lifestyles, increasing disposable incomes, time constraints for meal preparation, and easy availability of packaged foods. Moreover, increasing use of e-commerce platform for ordering packed food items as they offer timely delivery and better discounts, this has led to boost the foodservice packaging market.
Increasing focus on the food and drinks geared towards consumers, and continued spread of convenience and discount retailers have a significant impact on the growth of the North America foodservice packaging market. Although, the US is expected to hold the largest shares of the market, and Mexico has shown the highest growth in the foodservice packaging market. This growth can be attributed to the Mexican grocery retail industry is less developed compared with the US and Canada. Moreover, people are now starting to shop for modern, Western-style outlets. These factors are major considered to boost the foodservice packaging market in the North America region.
Global Food Service Packaging Market: Key Players Overview
Amcor plc is one of the leading player in developing and providing packaging solutions for the food & beverage, healthcare, home care, personal care, pet care, technical and other products. The company consistently develop new technology and product which improve the quality and safety of food and other products. In August 2019, Amcor plc developed polyethylene terephthalate (PET) bottles for pasteurized beer in Brazil. The glass bottles are replaced with new PET bottles, owing to PET bottles offers design advantages over glass bottles, such as easily and safely portable, unbreakable, and provide barrier protection.
BALL CORPORATION engaged in supplies packaging solutions for food & beverage, personal care and household products customers. The company also supplies packaging solutions to aerospace and other technologies primarily for the U.S. government. In October 2019, BALL CORPORATION expanded its aluminum cup production in Georgia.
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