Food Service Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Food Service Packaging Companies and it is segmented by Product Type (Corrugated Boxes and Cartons, Plastic Bottles, Trays, Plates, Food Containers, Bowls, Cups and Lids, Clamshells), By End-user (QSR, Full-service Restaurants, Institutional, Hospitality), and Geography.

Food Service Packaging Market Size

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Food Service Packaging Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 128.82 Billion
Market Size (2029) USD 158.09 Billion
CAGR (2024 - 2029) 4.18 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Food Service Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Food Service Packaging Market Analysis

The Food Service Packaging Market size is estimated at USD 128.82 billion in 2024, and is expected to reach USD 158.09 billion by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).

  • Over the last few years, online food ordering and restaurant delivery have grown more than 20%. With the increasing adoption of the online food delivery system, the demand and use of the sustainable food service packaging market are rising, causing manufacturers to opt for sustainable packaging solutions.
  • The cafés and restaurants in Australia are growing, benefiting the food service packaging market. Over 51.9 thousand cafés and restaurants were open across Australia as of the end of the fiscal year 2022, according to the Australian Bureau of Statistics. Australia has more cafés and restaurants operating than in 2017 when there were over 41.5 thousand establishments. The demand for food service packaging rises as the number of cafes and restaurants rises. Food and drink to go are frequently offered by cafes and restaurants, necessitating packaging like paper bags or plastic containers. The demand for retail bags can rise as more cafes and restaurants open.
  • Hinojosa's mission is to assist companies in promoting more environmentally friendly consumption habits in the food sector and to strategically make it easier to include sustainability as a competitive advantage. Food service was one of the industries with the most significant demand for plastic for packaging, where plastic usage to package prepared foods climbed by more than 33% in 2021. In March 2023, Hinojosa Packaging Group launched a new line of food service packaging products that offers a range of solutions using printing methods safe for contact with food. This container is constructed entirely of recyclable paper and is biodegradable, which makes it stand out from other packaging.
  • However, sustainable packaging can be expensive and challenging to develop. Many businesses need more resources, and it would require investing in R&D for better packaging on their balance sheets. Further, the potential cost savings from streamlined packaging must be considered. The cost of using sustainable packaging is higher than conventional packaging. This is due to the materials involved and their sourcing (both virgin and used) and the less-established supply chains, manufacturing processes, and lower economies of scale.
  • The COVID-19 pandemic left long-term effects on the food service packaging sector. To adjust to this new normal, companies in every industry, including packaging, embraced new technologies and methods of operation. Demand for fresh food packaging increased as people became more health-conscious. Consumer preference for packaged food to avoid diseases caused by bacteria, microorganisms, and pathogens, rather than buying it from a street vendor, is expected to fuel market growth.

Food Service Packaging Market Trends

Quick-service Restaurants (QSR) to Hold the Largest Share

  • Quick-service restaurants (QSRs) offer low-cost food options, focusing on the speed of service. The minimal table service and emphasis on self-service make this group different from traditional restaurants. Most of the single-use plastic food service products used in QSRs include rigid polystyrene (PS), expanded polystyrene (EPS), polypropylene (PP), polyethylene terephthalate (PET), and polylactic acid (PLA).
  • The industry could be more environmentally friendly among the Styrofoam cups and packages, plastic lids, cardboard holders, genetically modified vegetables, and inorganic meat. However, as eco-friendly services become more appealing to customers, many companies are moving to greener options that are less environmentally harmful.
  • The growing demand for on-the-go eating trends and increased spending on food have also supported the demand for QSR, eventually boosting the need for food service packaging. According to Domino's Pizza, The quick service restaurant sector (QSR) in the United States has seen year-over-year growth in the past decades, with its peak consumer spending exceeding USD 320 billion in 2022. Although, Consumer spending in this sector saw a notable decline in 2020 owing to COVID-19 Pandemic.
  • Some quick-service restaurants, known for their 'organic' options, are adapting to more environmentally friendly alternatives to reduce their carbon footprint. For instance, in June 2022, KFC India unveiled 'KFConscious,' marketed as the most sustainable restaurant in Chennai, as the outlet aims to use environment-friendly materials. KFC India has also announced plans to open 20 more outlets nationwide by the end of 2022. Such instances are driving the demand for sustainable foodservice packaging in QSRs.
  • In April 2022, Burger King UK became the first quick-service restaurant corporation in the UK to trial a new range of reusable and returnable packaging for its burgers and sides. The pilot launch was created in partnership with the global reuse platform Loop and witnessed the fast-food chain try out the first-ever reusable burger clamshells. Such instances are driving the demand for sustainable methods in food service packaging.
Food Service Packaging Market: Consumer spending in the Quick Service Restaurant (QSR) Sector in the United States, (USD billion), 2012 to 2022

Asia-Pacific Accounts for the Largest Market Share

  • The Asia-Pacific region comprises densely populated countries and emerging economies like China and India. The demand for food services is rapidly growing, and the adoption of sustainable packaging is gaining momentum and is expected to be the highest during the forecasted period.
  • Plastic has been an essential part of the packaging industry that forms the foundation of the consumer convenience culture. Owing to their cost-to-performance ratio, traditional packaging materials, such as corrugated paper boards, glass, metals, etc., have been substituted by plastics in food service and numerous applications in the food industry. However, the qualities that make plastic convenient to use also make it non-degradable and have an everlasting presence in the environment, contributing to 43% of pollution in India alone. In February 2022, CHUK, a compostable food service ware brand, joined quick commerce firm Blinkit as its sustainability partner. Blinkitdelivers CHUK's products to end-consumers within 10 minutes, bridging the gap between end consumers and CHUK. The partnership helped CHUK aim to serve one crore pieces to the end-consumers on the platform in FY 2022-23
  • Japan has a high per capita consumption of packaging materials, and there is a close relationship between the food and packaging industries in the country. Japanese food manufacturers are known for using high-tech packaging techniques and their tendency toward ingenuity in packaging designs. This focus on packaging innovation has led to the development of attractive and efficient packaging solutions in Japan.
  • The packaging industry in India is also experiencing growth in recent years. The introduction of many manufacturing units, eco-friendly materials, and increased emphasis on research and development has resulted in attractive and innovative packaging products. India has also promoted initiatives like "Make In India," aiming to boost local manufacturing and production.
  • With these initiatives and factors in place, the packaging industry in India is expected to benefit from increased investment and technological advancements. The availability of locally manufactured products at a lower cost can make the Indian packaging industry competitive in domestic and international markets. The focus on eco-friendly materials also aligns with global sustainability trends.
  • Further, according to industry insiders, food service packaging manufacturers are gravitating towards flexible packaging as it is visually appealing, cost-effective, and long-lasting. According to IBEF, the Indian food and grocery market is the sixth-largest globally, with retail accounting for 70% of sales. The Indian food processing industry accounted for 32% of the country's overall food market, ranking sixth in production, consumption, export, and expected growth.
Food Service Packaging Market - Growth Rate by Region

Food Service Packaging Industry Overview

The Food Service Packaging Market is fragmented, as many players have a presence in the market through their offerings. With innovations and demand, the market is attractive for new players.

In March 2022, Pactiv Evergreen Inc. completed the acquisition of its 50% investment in Naturepak Beverage Packaging Co. Ltd. to Elopak ASA affiliates through its wholly-owned subsidiary, Evergreen Packaging International LLC. Naturepak Beverage Packaging Co. Ltd, manufacturing facilities in Morocco and Saudi Arabia, serves customers in the Middle East and African regions.

In January 2022, Huhtamaki announced that it acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson Sp. z o.o. from Smith Anderson Group Ltd SA. The company manufactured and sold food service paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland.

Food Service Packaging Market Leaders

  1. Pactiv Evergreen Inc.

  2. Genpak Corporation

  3. Huhtamaki Oyj

  4. Berry Global Inc.

  5. Novolex Packaging

*Disclaimer: Major Players sorted in no particular order

Food Service Packaging Market Concentration
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Food Service Packaging Market News

  • May 2022: Novolex Packaging introduced a new compostable sandwich wrap made from wax paper that is ASTM D6868-compliant and certified by the Biodegradable Products Institute (BPI). The wrap can be used as a basket liner, food wrap, scale, or pick-up sheet.
  • April 2022: Sabert Corporation announced the launch of its new product line, the Kraft Collection. Sabert's Kraft Collection consists of an array of corrugated and paperboard food packaging solutions made with various materials, which are recyclable, compostable, and contain post-consumer fiber content, underscoring Sabert's long-standing commitment to sustainability.
  • April 2022: Amcor launched a new platform of paper-based packaging products: AmFiberTM. The AmFiber platform demonstrates Amcor's consumer-centric and adaptable approach to innovation, as it aims to redefine the capabilities of traditional paper packaging, providing a wider range of features and functional benefits to meet the changing needs of consumers.

Food Service Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Ecosystem Analysis

    4. 4.4 Impact of COVID-19 on the Foodservice Packaging Market

      1. 4.4.1 Market Demand Impact Due To The Pandemic

      2. 4.4.2 Reusable vs Single-use Demand

      3. 4.4.3 Foodservice Regulations and Their Impact on Demand

      4. 4.4.4 Impact of Recycling And Convenience On Demand

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Growing Demand For Convenience Food Continues In Major Markets

      2. 5.1.2 Increasing Vendor Focus On Recycled Plastic Due To Emphasis On Sustainability

    2. 5.2 Market Challenges

      1. 5.2.1 Positive And Steady Growth Of Flexible Packaging Due To Environmental Pressure And Uncertainty In Polymer Prices

    3. 5.3 Market Opportunities

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Product Type

      1. 6.1.1 Corrugated Boxes And Cartons

      2. 6.1.2 Plastic Bottles

      3. 6.1.3 Trays, Plates, Food Containers, And Bowls

      4. 6.1.4 Cups And Lids

      5. 6.1.5 Clamshells

      6. 6.1.6 Other Product Types

    2. 6.2 By End-user Industries

      1. 6.2.1 QSR

      2. 6.2.2 Full-service Restaurants

      3. 6.2.3 Institutional

      4. 6.2.4 Hospitality (Dine-ins, Coffee & Snack, Etc.)

      5. 6.2.5 Other End-user Industries

    3. 6.3 By Geography

      1. 6.3.1 North America

        1. 6.3.1.1 United States

        2. 6.3.1.2 Canada

      2. 6.3.2 Europe

        1. 6.3.2.1 United Kingdom

        2. 6.3.2.2 Germany

        3. 6.3.2.3 France

        4. 6.3.2.4 Italy

        5. 6.3.2.5 Spain

        6. 6.3.2.6 Rest of Europe

      3. 6.3.3 Asia-Pacific

        1. 6.3.3.1 China

        2. 6.3.3.2 Japan

        3. 6.3.3.3 India

        4. 6.3.3.4 Australia

        5. 6.3.3.5 Rest of Asia-Pacific

      4. 6.3.4 Latin America

        1. 6.3.4.1 Brazil

        2. 6.3.4.2 Argentina

        3. 6.3.4.3 Mexico

        4. 6.3.4.4 Rest of Latin America

      5. 6.3.5 Middle East and Africa

        1. 6.3.5.1 Saudi Arabia

        2. 6.3.5.2 South Africa

        3. 6.3.5.3 Egypt

        4. 6.3.5.4 Rest of Middle East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Pactiv Evergreen Inc.

      2. 7.1.2 Dart Container Corporation

      3. 7.1.3 Amhil North America

      4. 7.1.4 Genpak LLC

      5. 7.1.5 Huhtamaki Oyj

      6. 7.1.6 Berry Global Inc.

      7. 7.1.7 Novolex Holdings LLC

      8. 7.1.8 Sabert Corporation

      9. 7.1.9 Silgan Plastic Food Container

      10. 7.1.10 B&R Plastics Inc.

      11. 7.1.11 Graphic Packaging International Inc

      12. 7.1.12 Amcor PLC

      13. 7.1.13 Sonoco Products Company

    2. *List Not Exhaustive
  8. 8. FUTURE OF THE MARKET

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Food Service Packaging Industry Segmentation

The food service packaging includes single-use and recyclable containers and products used for serving or packaging prepared foods and drinks in eat-in or takeaway food service establishments and increasingly for home delivery. The global food service packaging market report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The study also identifies the continuous development of new products as one of the prime reasons driving the food service packaging market growth during the next few years.

The Food Service Packaging Market is segmented by Product Type (Corrugated Boxes and Cartons, Plastic Bottles, Trays, Plates, Food Containers, Bowls, Cups, and Lids, Clamshells), By End-user (QSR, Full-service Restaurants, Institutional, Hospitality), and By Geography (North America (United States, Canada), Europe (United Kingdom, France, Germany, Italy, Spain, and Rest of Europe ), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific) Latin America (Brazil, Argentina, Mexico, and Rest of Latin America), The Middle East, and Africa (Saudi Arabia, South Africa, Egypt and Rest of Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Product Type
Corrugated Boxes And Cartons
Plastic Bottles
Trays, Plates, Food Containers, And Bowls
Cups And Lids
Clamshells
Other Product Types
By End-user Industries
QSR
Full-service Restaurants
Institutional
Hospitality (Dine-ins, Coffee & Snack, Etc.)
Other End-user Industries
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
Egypt
Rest of Middle East and Africa
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Food Service Packaging Market Research FAQs

The Food Service Packaging Market size is expected to reach USD 128.82 billion in 2024 and grow at a CAGR of 4.18% to reach USD 158.09 billion by 2029.

In 2024, the Food Service Packaging Market size is expected to reach USD 128.82 billion.

Pactiv Evergreen Inc., Genpak Corporation, Huhtamaki Oyj , Berry Global Inc. and Novolex Packaging are the major companies operating in the Food Service Packaging Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Food Service Packaging Market.

In 2023, the Food Service Packaging Market size was estimated at USD 123.65 billion. The report covers the Food Service Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Food Service Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Food Service Packaging Industry Report

Statistics for the 2024 Food Service Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Food Service Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Food Service Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)