P e r s i s t e n c e M a r k e t R e s e a r c h segment is augmented by various government initiatives on recycling and disposal of packing products , especially in the European Union region , which is a dominant region in the global F & B thermoformed plastic products market .
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By application , the thermoformed plastic products market is segmented into packaging , food serving articles , and others . The packaging segment is estimated to account for 73.6 % value share of the global F & B thermoformed plastic products market by 2016 end . This segment is further sub-segmented into meat packaging , bakery products , takeaway food products , dairy products , and beverages . Among sub-segments , the beverage sub-segment is estimated to account for 34.7 % value share by 2016 end .
On the basis of region , the global F & B thermoformed plastic products market is segmented into North America , Latin America , Europe , Asia Pacific ( APAC ), and Middle East & Africa ( MEA ). Europe was the largest market for thermoformed plastic products , accounting for 32.3 % value share of the global F & B thermoformed plastic products market in 2015 . However , APAC is expected to register the fastest growth in terms of value over the forecast period . Increasing demand for convenience and takeaway food packaging products in Europe , APAC , and North America is expected to drive revenue growth of the global F & B thermoformed plastic products market over the forecast period .
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Key players in the global F & B thermoformed plastic products market include Clear Lam Packaging Inc ., D & W FINE PACK , HUHTAMAKI GROUP , Placon , Anchor Packaging Inc ., Berry Plastics Corporation , Reynolds , Silgan Holdings Inc ., and Tray-Pak Corporation . Major players in the market are focusing on increasing their market penetration by acquiring small regional players . The global F & B thermoformed plastic products market is characteristically moving towards market consolidation . There have been various mergers in the recent past ; this trend is expected to continue over the coming years , with key players focusing on increasing profitability through acquisitions .
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Global Food and Beverages Thermoformed Plastic Products Market 2016-2024