South America 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)
The South America food service packaging market is expected to grow from US$ 3,343.30 million in 2021 to US$ 4,688.84 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.
The food & food safety industry is subjected to numerous developments in terms of safety and packaging technologies. The constant growth in population, the surge in disposable income, and an increase in the working population are creating a need for more packaged and ready-to-cook food. The companies present in the food service packaging sector continuously focus on new trends and enhancements in food packaging, which greatly improve food quality and safety. Innovations such as advances in design and packaging materials are expected to support the food processing industry. Also, the emergence of smart and intelligent packaging techniques is expected to support the growth of the food processing industry. The intelligent packaging system consists of sensors, RFID tags, smart indicators (freshness, oxygen, carbon dioxide, leakage, color, and pathogen), pigments & ink, and barcodes/QR codes. Smart packaging is evolving, which is expected to boost exponentially with technologies, including printed electronics and IoT, which help in communicating with the end users. Further, the advent of nanotechnology and biosensors in the food industry is currently having several impacts on cultivation, food processing, production, packaging, transportation, and bioavailability of nutrients in food. In the food industry, nanotechnology and biosensors are utilized to increase flavor, extend product shelf-life, improve product safety, and inhibit bacterial & chemical growth. Several companies are also involved in the development of nanomaterials and biosensors, which will have an impact on the taste of food, health benefits, and safety of food. Thus, the development of smart and intelligent packaging materials for food packaging is expected to benefit industry players operating in the food service packaging market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America food service packaging market. The South America food service packaging market is expected to grow at a good CAGR during the forecast period.
South America Food Service Packaging Market Revenue and Forecast to 2028 (US$ Million)
South America Food Service Packaging Market Segmentation
The South America food service packaging market is segmented based on material, packaging type, application, and country. Based on material, the market is segmented into plastic, metal, and others. The others segment dominated the market in 2020, and the plastic segment is expected to be the fastest-growing segment during the forecast period. Based on packaging type, the market is segmented into flexible and rigid. The flexible segment dominated the market in 2020, and the same segment is expected to grow faster during the forecast period. Based on application, the 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 the same segment is expected to be the fastest-growing segment during the forecast period. Based on country, the South America food service packaging market is segmented into Brazil, Argentina, and the Rest of South America.
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 South America food service packaging market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Food Service Packaging Market, by Material
1.3.2 SAM Food Service Packaging, by Packaging Type
1.3.3 SAM Food Service Packaging, by Application
1.3.4 SAM Food Service Packaging Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. SAM Food Service Packaging Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Food Service Packaging Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Proliferation in Production Capacity of Packaging Products
5.1.2 Changing Customer Preferences for High-Quality and Standard Products
5.2 Market Restraints
5.2.1 Complicated Nature of Supply Chain Business
5.3 Market Opportunities
5.3.1 Significant Market Attractiveness for Recycling, Reusable, and Eco-Friendly Materials
5.4 Future Trends
5.4.1 Advent of Smart and Intelligent Packaging Materials in Food Industry
5.5 Impact Analysis
6. Food Service Packaging Market – SAM Analysis
6.1 SAM Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
7. SAM Food Service Packaging Market Analysis – By Material
7.1 Overview
7.2 SAM Food Service Packaging Market, By Material (2020 and 2028)
7.3 Plastic
7.3.1 Overview
7.3.2 Plastic: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Metal
7.4.1 Overview
7.4.2 Metal: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Others:
7.5.1 Overview
7.5.2 Others: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
8. SAM Food Service Packaging Market Analysis – By Packaging Type
8.1 Overview
8.2 SAM Food Service Packaging Market, By Packaging Type (2020 and 2028)
8.3 Rigid
8.3.1 Overview
8.3.2 Rigid: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Flexible
8.4.1 Overview
8.4.2 Flexible: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9. SAM Food Service Packaging Market Analysis – By Application
9.1 Overview
9.2 SAM Food Service Packaging Market, By Application (2020 and 2028)
9.3 Beverage
9.3.1 Overview
9.3.2 Beverage: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Prepared Meals
9.4.1 Overview
9.4.2 Prepared Meals: Food service packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Fruits and Vegetables
9.5.1 Overview
9.5.2 Fruits and Vegetables: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Bakery and Confectionery
9.6.1 Overview
9.6.2 Bakery and Confectionery: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9.7 Dairy Products:
9.7.1 Overview
9.7.2 Dairy Products: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
9.8 Others:
9.8.1 Overview
9.8.2 Others: Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Mn)
10. SAM Food Service Packaging Market – Country Analysis
10.1 Overview
10.1.1 SAM: Food Service Packaging Market, by Key Country
10.1.1.1 Brazil: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Food Service Packaging Market, by Material
10.1.1.1.2 Brazil: Food Service Packaging Market, by Packaging Type
10.1.1.1.3 Brazil: Food Service Packaging Market, by Application
10.1.1.2 Argentina: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Food Service Packaging Market, by Material
10.1.1.2.2 Argentina: Food Service Packaging Market, by Packaging Type
10.1.1.2.3 Argentina: Food Service Packaging Market, by Application
10.1.1.3 Rest of SAM: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Food Service Packaging Market, by Material
10.1.1.3.2 Rest of SAM: Food Service Packaging Market, by Packaging Type
10.1.1.3.3 Rest of SAM: Food Service Packaging Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Amcor PLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Berry Global Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Huhtamaki
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 WestRock Company
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sealed Air
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Ball Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Graphic Packaging Holding Company
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 BeGreen Packaging
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Stora Enso
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. SAM Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Food Service Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Food Service Packaging Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Food Service Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Food Service Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Food Service Packaging Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Argentina Food Service Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of SAM Food Service Packaging Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of SAM Food Service Packaging Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Rest of SAM Food Service Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Glossary of Terms
LIST OF FIGURES
Figure 1. SAM Food Service Packaging Market Segmentation
Figure 2. SAM Food Service Packaging Market Segmentation – By Country
Figure 3. SAM Food Service Packaging Market Overview
Figure 4. SAM Food Service Packaging Market, By Material
Figure 5. SAM Food Service Packaging Market, By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: SAM Food Service Packaging Market
Figure 8. Expert Opinion
Figure 9. SAM Food Service Packaging Market Impact Analysis of Drivers and Restraints
Figure 10. SAM Food Service Packaging Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. SAM Food Service Packaging Market Revenue Share, By Material (2020 and 2028)
Figure 12. SAM Plastic: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. SAM Metal: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. SAM Others: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. SAM Food Service Packaging Market Revenue Share, By Packaging Type (2020 and 2028)
Figure 16. SAM Rigid: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. SAM Flexible: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. SAM Food Service Packaging Market Revenue Share, By Application (2020 and 2028)
Figure 19. SAM Beverage: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. SAM Prepared Meals: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. SAM Fruits and Vegetables: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. SAM Bakery and Confectionery: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. SAM Dairy Products: Food service packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. SAM Others: Food Service Packaging Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. SAM: Food Service Packaging Market, by Key Country – Revenue (2020) (US$ Million)
Figure 26. SAM: Food Service Packaging Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Brazil: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Argentina: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of SAM: Food Service Packaging Market –Revenue and Forecast to 2028 (US$ Million)
- Amcor PLC
- Ball Corporation
- BeGreen Packaging
- Berry Global Inc.
- Graphic Packaging Holding Company
- Huhtamaki
- Sealed Air
- Stora Enso
- WestRock Company
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM food service packaging market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM food service packaging market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the food service packaging market as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution