Food Service Packaging Market is segmented By Material Type (Plastic, Paper & Paperboard, Metal, Others), By Packaging Type (Flexible Packaging, Rigid....
Market Size in USD
CAGR5.5%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 5.5% |
Market Concentration | High |
Major Players | Pactiv Evergreen Inc., Dart Container Corporation, Huhtamaki Oyj, Amcor PLC, Genpak LLC |
The food service packaging market is estimated to be valued at USD 90.2 Bn in 2024 and is expected to reach USD 131.2 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. The food service packaging market is expected to witness significant growth over the next few years. There is a rising demand for sustainable and eco-friendly packaging materials to curb plastic wastage.