Foodservice packaging made from PET is gaining popularity,

Rockville, Oct. 19, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, the global catering packaging market will grow at a CAGR of approximately 6% from 2022 to 2032, surpassing $107.58 billion in revenue by the end of the aforementioned forecast period. Manufacturers are increasingly capitalizing on trends in recyclable packaging to gain a competitive advantage over the next decade.

Historically, the market has surged at a CAGR of over 5%, reaching over US$56.95 billion by 2021. Growth has further accelerated with the advent of COVID-19. Mandatory quarantines issued by governments to contain the spread of infections have led to an increase in online deliveries of ready-to-eat food products, giving a major boost to the market.

Foodservice packaging is used in a variety of applications such as food service outlets, bakeries, take-out, breakfast on the go, institutional foodservice, online food ordering, dairy, alcoholic beverages and other applications.

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Online food ordering platforms have increased the demand for food packaging materials in the food service packaging industry. In light of the growing awareness that plastics harm the environment, paper is increasingly being used as an alternative to plastic in the packaging industry.

Key insights from market research

  • By product type, single-serving packs will generate 30% revenue through 2032
  • By material, PET foodservice packaging will grow at a CAGR of around 6%
  • Catering packaging for baked goods is gaining significant traction by application
  • U.S. Foodservice Packaging Market Expected to Grow at a CAGR of 5% through 2032
  • East and South Asia will jointly contribute 50% of global foodservice packaging demand
  • India and China will represent the biggest expansion opportunities by country

“The growing demand for reusable plastic products in the foodservice sector has driven the packaging industry to seek new technologies and sustainable packaging strategies,” says an analyst at Fact.MR.

Competitive landscape
The development of sustainable products in the market has resulted in increased revenue and market share. New recyclable products will contribute to a more sustainable environment.

  • Huhtamaki has created a fiber lid that is used by millions of people every day to sip their drinks on the go. Lids are durable alternatives to plastic lids.
  • This type of container is made from regenerative plant fibers, contains no plastic liners, and provides a sustainable way to drink hot and chilled beverages.
  • With high quality, functional designs featuring unique secure lid fittings suitable for paper cups and available in various sizes, this lid helps prevent spills.

Profiled Key Companies

  • Huhtamaki Oyj
  • Amcor Plc
  • Genpak LLC
  • Linpac packaging
  • Pactiv LLC
  • D&W Fine Pack
  • Airline Sealed
  • Stanpac inc.
  • Smurfit Kappa Group
  • WestRock Company
  • DS Smith
  • ball company
  • Berry Global, Inc.
  • Dow Inc.
  • Reynolds Group Holdings Limited

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Key Segments Covered

  • Type of product
    • Food packaging for plates
    • Foodservice packaging for shallow trays
    • Food service packaging for cups
    • Foodservice packaging for bowls
    • Bottle Food Service Packaging
    • Foodservice packaging for cans
    • Single Portion Foodservice Packaging
    • Food service packaging for clamshell containers (hinged lid containers)
    • Foodservice Packaging for Two-Piece Containers (Separate Lid Containers)
    • Foodservice packaging for others (aluminum, foil and pouches)
  • packaging material
    • Polyethylene terephthalate (PET, PETE, PETG or polyester) packaging material for food service
    • High Density Polyethylene (HDPE) Foodservice Packaging Material
    • Polyvinyl chloride (PVC) food service packaging material
    • Low Density Polyethylene (LDPE) Foodservice Packaging Material
    • Polypropylene (PP) packaging material for food service
    • Polystyrene (PS) packaging material for food service
    • Foodservice aluminum packaging material
    • Clay Coated Cardboard Food Service Packaging Material
    • Molded fiber food service packaging material
  • type of request
    • Packaging for catering outlets
    • Foodservice packaging for baked goods
    • Food Service packaging for takeaway meals
    • Takeaway breakfast food service packaging
    • Foodservice packaging for institutional foodservice
    • Food service packaging for online food ordering
    • Food service packaging for dairy products
    • Food service packaging for alcoholic beverages
    • Foodservice packaging for ready-to-drink beverages
    • Food service packaging for other applications
  • Type of manufacture
    • Food service packaging based on thermoforming
    • Die-cut based food service packaging
    • Food service packaging based on injection molding

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More information available

Fact.MR’s, in its new offering, presents an unbiased analysis of the packaging markets, showcasing historical demand data (2017-2021) and forecast statistics from 2022-2032.

The study discloses essential market insights based on product type (plates, shallow trays, tumblers, bowls, bottles, cans, single servings, clamshell containers, two-piece containers, and others), application ( food outlets, baked goods, take-out meals, breakfast on the go, institutional food services, online food ordering, dairy products, alcoholic beverages, ready-to-drink beverages and other applications), manufacturing type (thermoforming, cutting and injection molding) and packaging material (polyethylene terephthalate (PET, PETE, PETG or polyester), high density polyethylene (HDPE), polyvinyl chloride (PVC), low density polyethylene (LDPE), polypropylene (PP), polystyrene (PS), aluminum, clay-coated board and molded fiber) in seven major regions (North America, Latin America, Europe, East Asia,

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