The global takeaway containers market size is set to reach a valuation of US$ 21.3 Billion in 2022, and further expand at a CAGR of 5.3% from 2022-2032. It is anticipated to reach US$ 35.6 Billion by the end of 2032.
The takeaway containers market refers to the industry involved in the production and distribution of food containers designed for the convenient transport and consumption of meals outside the home. With the rise in takeout and delivery services, the market has experienced substantial growth in recent years. The demand for takeaway containers is driven by the increasing preference for quick and easy meals, busy lifestyles, and the convenience of enjoying restaurant-quality food in the comfort of one’s home or office.
In an era where sustainability is paramount, the importance of sustainable packaging solutions cannot be overstated. The takeaway containers market has recognized the need for eco-friendly alternatives to traditional packaging materials such as plastic. Sustainable packaging not only minimizes the environmental impact but also enhances the brand image and attracts environmentally conscious consumers.
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Plastic, paper & paperboard, metal, glass, and other materials are used to make takeout containers. Recycled materials are in high demand for takeaway containers compared to the use of fresh materials, as customers favour environmentally friendly packaging options.
To extend the shelf life of food, several businesses are investing enormous sums in research and development (R&D) projects. To preserve the product’s quality, they are also increasing the shelf life of the packaging. Due to changes in consumers’ lifestyles, quick-service restaurants, full-service restaurants, and catering services are preferred by consumers over conventional dining options. During the forecast period, this preference is expected to drive demand for takeout containers.
Key Takeaways from Global Takeaway Containers Market
- Based on material, the plastic takeaway containers segment is projected to hold around 57% of the market share by the end of 2022.
- By product type, the bowls and plates segment is estimated to create an incremental value of US$ 4.5 Bn during the foreseeable period.
- By end user, the hotels, restaurants, & cafes segment is likely to generate a share of 33% in the takeaway containers market in 2022.
- The India takeaway containers market is projected to grow at 6.4% CAGR during 2022-2032.
- The U.S. takeaway containers market is expected to create an incremental opportunity of around US$ 1.9 Bn in the forecast period.
“Rapid expansion of the foodservice sector and emergence of various online food delivery platforms worldwide are anticipated to propel the demand for takeaway containers. Besides, eco-friendly takeaway containers made by using paper and paperboard materials are gaining traction owing to rising concerns about the environment, which would aid growth,” says a FMI analyst.
Expansion of Food Service and Quick Service Restaurants to Boost the Market
Foodservice and quick-service restaurants will exhibit significant growth in the upcoming decade as people are preferring restaurant foods more instead of the traditional method of cooking food at home. It will further increase the demand for takeaway containers. Food packaging products like trays, bowls, and cups are used for the packaging of foods that need to be delivered to consumers.
The number of working people is growing continuously and changes in eating habits would result in the high preference for ready-to-eat food items, as well as restaurant foods. Therefore, demand for innovative packaging is increasing among full-service restaurants, catering services, and quick-service restaurants.
Emerging Trends in the Market
- Plant-based Materials: Increasingly, takeaway container manufacturers are exploring plant-based materials such as bagasse, bamboo, and seaweed as alternatives to conventional plastics.
- Smart Packaging: Integration of technology into takeaway containers enables features like temperature control, freshness indicators, and interactive elements that enhance the consumer experience.
- Minimalist Designs: Minimalist and space-saving designs not only optimize storage and transportation but also reduce material usage and environmental impact.
- Customization: Takeaway containers with customizable options, such as compartments and dividers, allow for convenient packaging of various food items while reducing the need for additional packaging materials.
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Competitive Landscape: Takeaway Containers Market
Key players operating in the global takeaway containers market are
- Huhtamaki Oyj,
- Georgia-Pacific LLC,
- Winpak Ltd.,
- WestRock Company,
- Sabert Corporation,
- Amcor Plc,
- Sealed Air Corporation,
- Berry Global Group,
- DS Smith plc,
- International Paper Company,
- Reynolds Group Holding Limited,
- Detpak,
- Genpak, LLC,
- Pactiv LLC,
- Dart Container Corporation,
- Fabri-Kal,
- Vegware US,
- Karat by Lollicup, and
- Pappco Greenware
among others.
Takeaway Containers Market Outlook by Category
By Product Type:
- Clamshell
- Cartons and Boxes
- Bowls and Plates
- Cups
- Bottles
- Jars
By Material:
- Plastic
- Paper & Paperboard
- Metal
- Glass
- Others (Bagasse, etc.)
By End User:
- Hotels, Restaurants, & Cafes
- Institutional
- Online Food Delivery
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