Trends and Opportunities in Global Food Service Packaging (FSP) Market in 2019 and Beyond

Food Service Packaging (FSP) Market: Snapshot

Food service packaging, also known as single use food service products have matured over the time to include wide range of packaging products, for example, bowls, plates, cups, clamshells, wraps, and so on. The global food service market serves the widespread and well-established industry of food service, consisting of offline as well as online food service stores that are serving huge number of people all over the world.

The global food service packaging market is divided based on material type, product type, fabrication process, and application. Based on product the market is divided into cups, plates, bowls, cans, shallow trays, pizza boxes, two piece containers (separate lid containers), bottles, single serve portion packs, clamshell containers (hinge lid containers), and others (straws, napkins, spoons, etc.). On the basis of material the market is segmented into plastic, aluminum, and fiber based.

Food Service Packaging (FSP) Market: Trends and Opportunities

An upsurge in the general utilization of product over the globe has contributed in the rise in cost of packaged food. Decent variety for packaging solutions comes to assume a key part to classify the items based on their capacity in securing the goods and their appearance-upgrading properties. Buyers over the globe are now extremely concerned regarding the cleanliness related with the packaging of their food along with deciding on food items that are comfortable to carry. A substantial piece of foodservice disposables are recyclable and one-time use. As these items are for the most part made of foam and plastic, they help keep up food cleanliness and contamination.

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Moreover, these are most practical when contrasted with non-dispensable foodservice items. The previously mentioned properties are boosting the selection of foodservice disposables by food service system. Dispensable foodservice items are light in weight and can hold both hot and cold drinks and food, which is additionally anticipated that would fuel market development.

Food Service Packaging (FSP) Market: Companies Mention

Genpak, LLC, Huhtamaki Oyj, Linpac Packaging, D&W Fine Pack, Pactiv LLC, Gold Plast SPA, Stanpac Inc., Smurfit Kappa Group, Biodegradable Packaging for Environment Co., Ltd., WestRock Company, New Method Packaging, Southern Champion Tray, DS Smith, Magnum Packaging, International Paper Company, Michigan Box Company, and Golden Box Ltd are among the key players contributing in the global growth of food service packaging (FSP) market.

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