According to the report by Business Market Insights, North America Food Service Packaging Market is expected to reach US$ 100715.0 Million by 2027 with CAGR of 5.3 %
Food packaging is food packaging. The package provides protection, tamper resistance, and special physical, chemical, or biological needs. It may have nutrition facts labels and other information about the foods offered for sale.
The North America Food Service Packaging Market is growing along with the Food and Beverages industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The demand for food packaging is increasing at a high rate owing to, rising consumer interest towards consumption of fresh products with an extended shelf-life and controlled quality. This factor helps the food packaging manufacturers to design and develop new & safe packaging. On another side, a rising population of the North America region approx. 3.58 Bn, puts extra pressure on food production sectors to adopt enhanced food packaging solution to reduce food wastage. Therefore current approach for improving food industry aiming to lower food damage and wastage is by making important investments for the development of novel and innovative technologies for food packaging.
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North America Food Service Packaging – MARKET SEGMENTATION
By Packaging Type
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