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The major driver for the growth of the Food Service Containers market can be attributed to the increase in acceptance of ready to eat food by end-use customers. The increasing popularity of the convenient packaging for storing food products and the increase in number of quick service restaurants are also driving the growth of the market.
Market Research Future (MRFR) in its latest report published on the global Food Service Containers market is expected to expand at a CAGR of 4.5% through the forecast period (2019-2023) and generate a sizable revenue by the end of the forecast year.
Segmental Outline
The global Food Service Containers market has been segmented on the basis of application and product. Based on the product type, the market has been segmented into flexible packaging, paper and pouches, rigid packaging, bags, and others. The availability of different types of food packaging service and the growing awareness about their advantages is expected to impel the product type segment of worldwide market over the review period. Based on the application, the global market has been segmented into fruits and vegetables, dairy products, baked goods, and others. High sales of food and beverage to satiated hunger of the world’s growing population is likely to amplify the application segment of the market in the foreseeable future.
Regional Outlook
The Food Service Containers market has been analyzed across Europe, North America, Asia-Pacific, and the Rest of the World (RoW).
The high population density in the Asia Pacific region underpins high amount of food and beverage consumption. This is likely to drive the regional market growth, registering the highest growth rate. The hectic life work life of people, change in way of living, and surge in urban population are factors that are drawing attention of people towards online food services. This, in turn, is expected to gain traction for the APAC COVID-19 Impact, as delivery of untampered quality food deepens customer loyalty. Increase in the consumption of fast-food, especially among youngsters, is altering the dynamics of the food and beverage industry. Expansion in the youngster populace is another factor that is likely to promote the APAC market growth.
Key Players
MRFR named some of the notable Food Service Containers providers. They are; Amcor Limited (Australia), Ball Corporation (U.S.), Ampac Packaging LLC (U.S.), Bemis Company Incorporated (U.S.), Crown Holdings Incorporated (U.S.), BWAY Corporation (U.S.), Greif Incorporated (U.S.), Letica Corporation (U.S.).
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https://www.firmenpresse.de/pressrelease613022.html
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