
Europe Food Service Packaging Market
No. of Pages: 144 | Report Code: TIPRE00009824 | Category: Chemicals and Materials
No. of Pages: 144 | Report Code: TIPRE00009824 | Category: Chemicals and Materials
The demand for food packaging is increasing at a high rate owing to rising consumer interest in the consumption of fresh products with an extended shelf-life and controlled quality. This factor helps the food packaging manufacturers to design and develop new & safe packaging products. On the other hand, the rising population of the different countries puts extra pressure on food production sectors to adopt enhanced food packaging solutions to reduce food wastage. Therefore, the current approach for improving the food industry aims to lower food damage and wastage by making important investments in the development of novel and innovative technologies for food packaging. Over the last few years, the consumer demand for transparent packaging to enable visual validation, along with better sustainability and product quality, has been increasing. The continuous growth of food packaging materials and packaging technology is driven by changing customer demands for slightly processed and semi-processed foods, utilization of automatic handling systems at the distribution centers, and serious concern for customers’ health and safety. These are some factors driving the higher production capacity of packaging solutions. Convenience is one of the factors accountable for boosting the adoption of fresh and nutritious ready-to-cook meals; hence, the demand for easy-to-cook packaging is rising. Due to time constraints faced by individuals, ready-to-cook meals help the masses to manage their eating time. The continuous rise in demand for frozen, processed, and semi-processed food items with higher nutritional values by individuals is supporting the food packaging manufacturers to increase their production capacity of packaging products for diversified product categories, thereby driving the market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe food service packaging market. The Europe food service packaging market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the Europe Food Service Packaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 18,804.74 Million |
Market Size by 2028 | US$ 25,719.65 Million |
Global CAGR (2021 - 2028) | 4.6% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Material
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
The geographic scope of the Europe Food Service Packaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe Food Service Packaging Market Segmentation
The Europe food service packaging market is segmented based on material, packaging type, application, and country. Based on material, the Europe food service packaging market is segmented into plastic, metal, and others. The plastic segment dominated the market in 2020, and the same segment is expected to be the fastest-growing segment during the forecast period. Based on packaging type, the Europe food service packaging market is segmented into flexible and rigid. The rigid segment dominated the market in 2020, and the flexible segment is expected to grow at a faster rate during the forecast period. Based on application, the Europe food service packaging market is segmented into beverages, prepared meals, fruits and vegetables, bakery and confectionery, dairy products, and others. The prepared meals segment dominated the market in 2020, and the dairy products segment is expected to be the fastest-growing segment during the forecast period. Based on country, the Europe food service packaging market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe.
Amcor PLC, Ball Corporation, BeGreen Packaging, Berry Global Inc., Graphic Packaging Holding Company, Huhtamaki, Sealed Air, Stora Enso, and WestRock Company are among the leading companies in the Europe food service packaging market.
The Europe Food Service Packaging Market is valued at US$ 18,804.74 Million in 2021, it is projected to reach US$ 25,719.65 Million by 2028.
As per our report Europe Food Service Packaging Market, the market size is valued at US$ 18,804.74 Million in 2021, projecting it to reach US$ 25,719.65 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.
The Europe Food Service Packaging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Food Service Packaging Market report:
The Europe Food Service Packaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Food Service Packaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Food Service Packaging Market value chain can benefit from the information contained in a comprehensive market report.