The Food Service Packaging Market size is estimated at USD 128.82 billion in 2024, and is expected to reach USD 158.09 billion by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).
The Food Service Packaging Market is fragmented, as many players have a presence in the market through their offerings. With innovations and demand, the market is attractive for new players.
In March 2022, Pactiv Evergreen Inc. completed the acquisition of its 50% investment in Naturepak Beverage Packaging Co. Ltd. to Elopak ASA affiliates through its wholly-owned subsidiary, Evergreen Packaging International LLC. Naturepak Beverage Packaging Co. Ltd, manufacturing facilities in Morocco and Saudi Arabia, serves customers in the Middle East and African regions.
In January 2022, Huhtamaki announced that it acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson Sp. z o.o. from Smith Anderson Group Ltd SA. The company manufactured and sold food service paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook