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Food Service Packaging Market Share

Report ID: GMI5348
Published Date: Jan 2024
Report Format: PDF

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Food Service Packaging Market Share

The global food service packaging industry is highly fragmented owing to the presence of several market players. Major companies operating in the market are Amcor plc, Sealed Air, Sonoco Products Company, Berry Global Inc, accounting over 35% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their Packaging type offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.

These companies often have a wide-ranging portfolio of packaging solutions, including plastics, flexible packaging, and protective materials. Leading companies invest significantly in research and development to drive innovation in food service packaging. This includes the development of advanced materials, intelligent packaging solutions, and sustainable alternatives to meet evolving industry demands.

Food Service Packaging Market Companies

Major players operating in the food service packaging industry include:

Amcor plc
Sealed Air
Sonoco Products Company
Berry Global Inc
WestRock Company
Mondi
Genpak LLC
Pactiv LLC
Chantler Packages
Winpak Limited

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for food service packaging was valued at USD 131.48 billion in 2023 and is anticipated to register over 4.9% CAGR between 2024 and 2032 due to the rising demand for convenience food, busy lifestyles, and increasing disposable income.

Rigid packaging segment accounted for over 70% market share in 2023 and is projected to grow through 2032 as it provides excellent protection against external elements, ensuring the freshness and quality of food products during storage, transportation, and display.

North America Food Service Packaging Market was over USD 26.29 billion in 2023 and will grow significantly through 2032 driven by the busy lifestyles of consumers, leading to a preference for convenient, on-the-go food options.

Amcor plc, Sealed Air, Sonoco Products Company, Berry Global Inc, WestRock Company, Mondi, Genpak LLC, Pactiv LLC, Chantler Packages, and Winpak Limited.