North America Foodservice Packaging Market Size (2024 - 2029)

North America Foodservice Packaging Market ANalysis

The North America Foodservice Packaging Market size is estimated at USD 25.57 billion in 2024, and is expected to reach USD 29.10 billion by 2029, growing at a CAGR of 2.62% during the forecast period (2024-2029).

• The market’s growth expansion has been brought on by consumers' heavy reliance on packaged foods and the significant regional presence of food processing businesses. The rising number of foodservice suppliers successfully digitalizing their operations is expected to fuel the industry, supported by the increasing demand for online food ordering, creating an opportunity for market growth in North America.
• The North American foodservice packaging business has experienced consistent growth over the last decade due to changes in substrate choice, new market expansion, ownership dynamics, and numerous developments serving the market for corrugated boxes, cartons, and plastic packaging. Sustainability and environmental issues will continue to be prioritized, especially in the United States.
• Corrugated boxes are types of packaging used to ship different food products. They are often constructed of paperboard, primarily made of cellulose fibers from wood. These boxes are strong, stiff, flexible, long-lasting, light, and attractive. Due to their recyclable nature and lack of use of hazardous chemicals during production, the boxes are advantageous for the environment. Corrugated boxes are used in the North American foodservice industry to package goods. Plastic bottle packing is the principal application for polyethylene. It is a semi-crystalline, lightweight thermoplastic resin with excellent sound insulation, chemical resistance, and low moisture absorption.
• The industry's most significant source of worry is the region's strict environmental restrictions. Over the projection period, bans on plastic items at the national and state levels are projected to present significant difficulties to the industry. Additionally, the growth of raw material prices and the supply chain uncertainty in polymer resins due to macroeconomic factors may challenge the market's growth during the forecast period.
• The foodservice industry's profit margins have been significantly affected by the COVID-19 pandemic. Businesses in this industry are witnessing a notable drop in consumption, coupled with disruptions in their supply chains. The COVID-19 pandemic-induced lockdowns substantially impacted the US foodservice industry with a temporary dip in packaging volumes, and the industry gradually recovered, defying economic challenges. Limited and full-service restaurants are expected to ramp up their consumer-facing packaging post-pandemic. As the economies reopen and diners embrace new eating habits, foodservice packaging must adapt to cater to these evolving needs, driving market growth.

North America Foodservice Packaging Industry Segmentation

The study on the North American foodservice packaging market showcases demand for significant packaging formats, including corrugated boxes and cartons, plastic bottles, trays, plates, bowls, cups and lids, clamshells, cutlery, and stirrers, as well as the corresponding industry verticals and revenue derived from the sales of packaging products across various geographies.

The North American foodservice packaging market is segmented by packaging format into corrugated boxes and cartons, plastic bottles, trays, plates, food containers, and bowls, cups and lids, clamshells, and other packaging formats), end user (quick-service restaurants, full-service restaurants, coffee and snack outlets, retail establishments, institutions and hospitality, and other end users), and country (United States and Canada). The market sizes and forecasts are provided in value (USD) for all the above segments.