The global food service packaging market is projected to expand from USD 104.54 billion in 2024 to USD 177.49 billion by 2034, with a CAGR of 5.5%. This market encompasses food packaging solutions used in fast-food chains, restaurants, and catering services, ensuring food safety, temperature control, and protection during storage and transportation. We cover key market segments like corrugated boxes, cups, food containers, and trays, along with regional data for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Competitive analysis of leading players like Amcor, Berry Global, and Huhtamaki is also included, along with trade and manufacturer data.
Key Players in the Food Service Packaging Market: Industry Leaders and Innovators
Recent Developments in the Food Service Packaging Market: Innovations, Trends, and Strategic Shifts
- In January 2021, Gaining a dominant position in the US, UK, and European markets, SCGP purchased all of Go-Pak shares to leverage that position and grow its product line to include products from its other packaging plants.
- In August 2021, Graphic Packaging Holding Company stated that its subsidiary, Graphic Packaging International, LLC, had purchased all of Letica Corporations food service business assets, part of RPC Group PLC.
- In February 2023, The wholesale group and Australian food service packaging distribution company Huhtamaki Tailored Packaging Pty Ltd (HTP) was bought by Huhtamaki.
- In April 2023, Coca-Cola purchased a 15% ownership stake in the food delivery platform, which aims to bring good disruption to the food-tech market.
- In November 2023, Inno-Pak, LLC—an Emerald Lake Capital Management portfolio company—announced the acquisition of Albany Packaging Inc. as a leading innovator, producer, importer, and supplier of cutting-edge, environmentally friendly food packaging for prepared and takeout foods.
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