Report : Europe Food Service Packaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Plastic, Metal, and Others), Packaging Type (Flexible and Rigid), and Application (Beverages, Prepared Meals, Fruits and Vegetables, Bakery and Confectionery, Dairy Products, and Others)
Plastic Segment to Dominate Europe Food Service Packaging Market During 2021–2028
According to a new market research study on “Europe Food Service Packaging Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Packaging Type, and Application” is expected to reach US$ 25,719.65 million by 2028 from US$ 18,804.74 million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the Europe food service packaging market along with the drivers and restraints pertaining to the market growth. Proliferation in production capacity of packaging products and changing customer preferences for high-quality and standard products are the major factor driving the growth of the Europe food service packaging market. However, complicated nature of supply chain business hinders the growth of Europe food service packaging market.
The Europe food service packaging market is segmented based on material, packaging type, application, and country. Based on material, the Europe food service packaging market is segmented into plastic, metal, and others. The plastic segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on packaging type, the Europe food service packaging market is segmented into flexible and rigid. The rigid segment dominated the market in 2020 and flexible segment is expected to be fastest growing during forecast period. Based on application, the Europe food service packaging market is segmented into beverages, prepared meals, fruits and vegetables, bakery and confectionery, dairy products, and others. The prepared meals segment dominated the market in 2020 and dairy products segment is expected to be fastest growing during forecast period. Based on country, the Europe food service packaging market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
Amcor PLC, Ball Corporation, BeGreen Packaging, Berry Global Inc., Graphic Packaging Holding Company, Huhtamaki, Sealed Air, Stora Enso, and WestRock Company are among the leading companies in the Europe food service packaging market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2022, Sealed Air Corporation announced the acquisition of Foxpak Flexibles Ltd. (Foxpak) under SEE Ventures. Foxpak is a privately-owned Irish packaging solutions company pioneered in the development of digital printing on flexible packaging.
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