Global Market Study on Foodservice Packaging: Drive-through Pick-ups and Circular Economy Alternatives Define the Future


Foodservice Packaging  Market
  • Published On : May-2020 |
  • Pages : 285 Pages |
  • Format : Foodservice Packaging  Market Foodservice Packaging  Market Foodservice Packaging  Market Foodservice Packaging  Market

The damnd for attributes such as protection and enhanced appearance is imparting growth to the foodservice packaging market. The growth in the takeaway and drive-away culture in the foodservice sector is inflating the adoption rate of packaging material. Growing preference for disposable format in the food sector is escalating the growth of the market. Corporate work culture has emerged as a primary factor in influencing the growth in the market with changing home food habits. The rising demand for attributes such as cold-resistance, anti-fogging, and heat-resistance is driving the market progress. Augmenting preference for online food delivery is scaling the revenue generated by the packaging sector in the food industry. The worldwide growth in multinational quick-service restaurants is fueling advancements in the market as these operators choose disposable packaging over the labor force for cleaning and maintenance. The emerging concept of sustainability is providing growth opportunities in the market for manufacturers.

The competitive landscape is growing intense with the emergence of numerous food service companies. Major companies profiled in the global market are Graphic Packaging Holding Company, Smurfit Kappa Group, Be Green Packaging, Southern Champion Tray, LP, Gold Plast SPA, Coveris Holdings S.A. and New WinCup Holdings, Inc.

The world is witnessing the spread of coronavirus (COVID-19) in a state of powerless concern. As COVID-19 cases continue to climb day by day in every country, governments are increasing efforts to take drastic measures to inhibit the spread of the infection. Since it is difficult to authoritatively predict the duration of the pandemic, companies in the foodservice packaging market are increasing the availability of aseptic single-use packaging to maintain the safety and integrity of food items.

On the other hand, the outbreak has sparked a debate whether plastic is a reliable material for foodservice packaging. Many stakeholders in the foodservice packaging sector opine that plastic essential to protect food items from contamination. While on the other hand, others argue that disposable plastic is unsustainable and a carrier of COVID-19 particles. Hence, companies in the foodservice packaging market are under stress to rethink plastic packaging and move toward circular economy alternatives.

NRAI Demands Financial Bailout Package to Recover Losses

The National Restaurants Association of India (NRAI) is seeking a financial bailout packaging from the finance ministry of the foodservice sector. This indicates that the foodservice packaging market has been severely affected by the COVID-19 pandemic. As COVID-19 cases continue to rise in India, the NRAI has issued an advisory to temporarily shut down all dine-in operations till the lockdown period extends. As such, stakeholders in the foodservice packaging sector are increasing awareness about zero-contact deliveries to break the chain of Coronavirus.

Several restaurants across cities have responded positive to the NRAI’s advisory and shut down their operations to contain the spread of the novel virus. However, this trend has severely affected revenue-generation activities of suppliers in the foodservice packaging sector. Finance minister in India, Nirmala Sitharaman prospects that several foodservice businesses are on the verge of closing down, thus leaving millions of workers jobless. Hence, the NRAI has requested a relief on the total and immediate deferment of all statutory dues, advance tax payments and the likes to sustain in the debilitating market landscape.

Minimal Touch Pick-up Delivery Options Gain Popularity

The Asia Pacific food and beverage packaging industry has been severely hit due to the COVID-19 outbreak. Hence foodservice packaging firms are focusing on deliveries for customers as individuals fear exposure to the virus after stepping out of their homes. In such cases, contactless deliveries are being adopted by stakeholders in the foodservice packaging sector to increase uptake amongst consumers. As many individuals are practicing social-distancing and home-isolation, customers are forced to opt for delivery services to contain the spread of the virus.

The trend of drive-through pickups is also rising day by day. Thus, companies in the foodservice packaging market can capitalize on this trend to generate incremental opportunities. This innovative pickup method is anticipated to create revenue streams for foodservice packaging providers since the method is convenient for customers while the food remains hot and fresh for consumption. This method also eliminates the need for a delivery person to handle the food items. Other minimal-touch pick-up options are projected for gain increased popularity during the Coronavirus era.

Compostable Foodservice Packaging Gauges Sustained Demand amongst Eco-conscious Customers

Breakthrough innovations such as compostable foodservice packaging are bringing about a sea change in the market landscape. As individuals are becoming increasingly aware about the repercussions of plastic packaging on the environment, compostable foodservice packaging sales are estimated to surge in the upcoming years. Compostable foodservice packaging has grown to become a multi-million-dollar industry due to technological innovations. New technologies are being adopted to reduce the costs of compostable foodservice packaging options.

Various key drivers such as a sustained increase in the number of quick-service restaurants (QSRs) worldwide and increased adoption of foodservice disposables are predicted to boost sales of compostable packaging alternatives. As such, compostable trays and cups continue to dominate a large share of the manufacturers’ bottom lines. Growing demand for pre-packed food is another key driver that is creating revenue streams for companies in the foodservice packaging market. Increasing number of non-chain restaurants have created a demand for foodservice packaging.

Intuitive Dispensing Systems Eliminate the Issue of Wasting Cutlery at Foodservice Outlets

Sustainable innovations dictate the forefront of the foodservice packaging market. For instance, Novolex — a U.S.-based packaging and sustainability solutions provider, announced the launch of its new compostable cutlery called Cutlerease, along with its cutlery dispensing system. Companies in the foodservice packaging market are focused on adding recycled content in every day-use products. Since manufacturers are pressured by governments to reduce waste, recycled materials are being highly publicized to reduce the carbon footprint. Apart from QSRs, manufacturers of foodservice packaging are unlocking revenue opportunities by strengthening their supply chains with stadium owners, multinational corporates and cafeterias.

Manufacturers Expect a Price Premium to Match the Performance of Plastic Designs

Single-use foodservice packaging is fueling innovations in materials and new design formats. Companies in the foodservice packaging market are increasing their research spending to develop packaging solutions that match the existing pack designs, but with a lower carbon footprint. As such, the concept of green packaging is gaining strong business grounds in QSRs and many take-home food brands. Thus, sustainable foodservice packaging solutions providers can expect a price premium from clients to match the performance of existing plastic pack designs.

New material trends such as paperboard and barrier coatings are becoming increasingly mainstream in the foodservice packaging sector. There is a growing demand for recyclable functional barrier coatings for paperboard. This trend is catalyzing innovations in water-based coating systems that are replacing solvent-based technologies.

Analyst’s Viewpoint

Manufacturers in the foodservice packaging market are increasing efforts in sustainable cutlery options to contain the spread of germs caused by conventional self-service bowls and trays. This is being achieved by increased R&D activities to innovate in circular economy dispensing systems.

A new report on foodservice packaging market provides perceptive insights on the chronological growth flight of the market along with the future prospects and present scenario of the global market. The report offers an exclusive analysis of the market and also presents insights on regional and other key segments.

The report offers a complete summation of the market including an official abstract that draws out the various forces operating in the market. It also discusses on a couple of facets, for example, drivers, obstacles, and predictions that are currently influencing the global market. It also acquaints readers with figures related to volume, value, and development rate of the market from a growth point of view. With respect to market segmentation, each segment is analysed and presented in detail in the report. It also provides an assessment of the market condition, and moreover presents a value chain analysis of the products and applications in concern. A year to year progression of the market has likewise been offered in the report for the reader to be predominantly aware of the altering scenario of the market.

Foodservice Packaging Market: Segmentation

Product Type

Base Material

Fabrication Process

End User

Region

Plates

Aluminum

Thermoforming

Foodservice Outlets

North America

Trays

Paperboard

Die Cutting

Institutional Foodservice Facilities

Latin America

Cups

Molded fibers

Injection Molding

Online Delivery Portals

Europe

Bowls

Plastic

Asia Pacific excluding Japan

Pizza B

Middle East & Africa

Straws

Single Serve Portion Packs

Clamshells

Lids for Cups

Stirrers

Cutlery

Foodservice Packaging Market: Research Methodology

The report is the end result of the careful and extensive research work of the market analysts employing reliable sources. The information introduced has been studied carefully by industry experts. The data that has been presented here has been assembled from various tried and tested sources. The figures have also been checked by the analysts and can be used to settle on key decisions and to formulate strategies. The researchers have also used Porters Five Forces analysis for further analysis and study of the market.

Foodservice Packaging Market: Competitive Scenario

The market study conveys a structural outlook on the engaged scene of the overall foodservice packaging market. It features the competition predominant among the present vendors in the market and also puts weight on the future circumstances of the market. The profile of the players is based on a SWOT examination sought down by company angle, product portfolio, strategies, finance related information, and year-to-year projections. The organisations have been explored minutely covering their key developments, innovations as well as mergers and acquisitions and agreements with other prominent establishments.

Why should our report be purchased?

The reports prepared by our industry analysts are credible and have been researched and validated from several primary and secondary resources. What makes us unique is the fact that along with presenting an analysis of the market’s historical and present scenario, we also present a forecast review of the market for the benefit of our readers. The presentation is exclusive in the form of various charts, tables, and diagrams. Every bit of information present in the market research report is unique. Expert opinions are also present in the study that can be directly used by the readers to make future decisions.

Companies covered in Foodservice Packaging Market Report

  • Dart Container Corporation
  • Georgia-Pacific LLC 
  • Anchor Packaging Inc.
  • Pactiv LLC
  • D&W Fine Pack
  • Gold Plast SPA
  • Berry Global Group Inc.
  • DOpla S.p.A.
  • Smurfit Kappa Group
  • WestRock Company
  • Huhtamäki Oyj
  • New WinCup Holdings, Inc.
  • Linpac Packaging Ltd
  • Graphic Packaging Holding Company
  • Coveris Holdings S.A.
  • Novolex Holdings, Inc.
  • Be Green Packaging
  • Genpak, LLC
  • GRACZ, INC.
  • Southern Champion Tray, LP

 

Foodservice Packaging Market

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