Global FSP Food Service Packaging Market by Material (Paper & Paperboard, Plastic, and others) Product (Boxes, Bags, Pouches, and others) Application (Food & Beverages, Consumer goods, Pharmaceutical and others), and Region - Forecast 2023FSP Food Service Packaging Market Scenario
The purpose of the FSP Food Service Packaging is to ensure the convenience of the end use customers by offering them a convenient, durable and FSP Food Service Packaging. Market Research Future (MRFR) has published a research report about the global FSP Food Service Packaging market that predicts growth for this market with 5.2% CAGR (Compound Annual Growth Rate) between 2017 and 2023.
The factors driving the growth of global [FURL=https://www.marketresearchfuture.com/reports/service-packaging-market-1677]Click Here[/FURL] FSP Food Service Packaging Market include convenience & durability about eco-friendly packaging, ease of online shopping, increasing awareness about eco-friendly packaging, increase in the disposable income & purchasing power of people, rapid growth in the e-commerce sector, growth in food & beverage industries, rapid urbanization, rising number of number of retail outlets, and worldwide growth of pharmaceutical industry.
Key Players
Amcor Ltd. (Australia)
AptarGroup Inc. (USA)
Bemis Company Inc. (USA)
Cascades Inc. (Canada)
Crown Holdings Inc. (USA)
DS Smith PLC (UK)
Georgia-Pacific Corporation ITC Ltd. (USA)
Graphic Packaging International Inc. (USA)
International Paper (USA)
Mondi Group (Austria)
Nippon Paper Industries Co. Ltd. (Japan)
Smurfit Kappa Group (Republic of Ireland)
Sonoco Products Company (USA).
Regional Analysis
On the basis of the regions, the global FSP Food Service Packaging Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific region accounted for the highest market share in 2016, in terms of value. The remarkable growth in the Asia Pacific packaging industry is the crucial factor fueling the growth of the global market. Increase in purchasing power of the consumer in countries such as China, India, and Indonesia, have boosted the demand for good-quality processed & packaged food. Growing number of hypermarket in the region is also expected to fuel the demand for FSP Food Service Packaging products. China, India, Japan, and Thailand are the highest contributor to Asia Pacific market. China accounts for the largest market share in the region mainly due to strong economic growth, rapid urbanization and increse in shopping activities.
North America is another major region in the global FSP Food Service Packaging market. Increasing demand for consumer goods products as well as packaged foods is likely to spur market growth. High growth in the pharmaceutical industry of the North American region is boosting the market growth further. Moreover, North America is a hub of major retail e-commerce companies such as Amazon (U.S.), and eBay (U.S.), which has a positive influence on the growth of the market. The U.S. is the major contributor to North American market.
Access Full Report With Complete TOC @ [FURL=https://www.marketresearchfuture.com/reports/service-packaging-market-1677]Click Here[/FURL]