Takeout Containers Market to be Dominated by North America During the Forecast Period
The ease of convenience offered
by these containers to package, carry, and transport food products and the
rising global demand for packaged food products drive the growth of the global
takeout containers market.
According to TechSci
Research report, “Takeout Containers Market– Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2017-2027F”
The global takeout container market is
expected to grow during the forecast period. The primary functions of the food
containers are transportation, storage, and preservation to increase the food's
shelf life. The food containers must be sturdy enough to guard against spoilage
or damage to the package's contents. By enabling food to be transported safely
over great distances from its source, the food containers help maintain the
food's quality.
The market is filled with a wide variety
of food storage containers. There are many different sizes, shapes, and colors
of food containers. Food containers are designed for individual meals, such as
lunch boxes and containers, that can be used for multiple meals for groups.
Food of all kinds can be kept in both sectioned and unsectioned containers.
Growing consumer awareness of environmental and sustainability issues related to
food packaging is anticipated to impact the market for food containers. North
America currently has the largest market share for food containers due to its
extensive use of packaged goods, and this trend is anticipated to last
throughout the projection period.
Due to the rising demand for smart and
biodegradable food packaging materials, the global market for food containers
is growing. Additionally, during the forecast period, a significant shift away
from traditional staples toward processed or packaged meals and increasing
urbanization will significantly boost the food container market.
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data Figures spread through 110 Pages and an in-depth TOC on the " Global Takeout Containers Market"
The global takeout containers market is
segmented based on product type, packaging type, material type, end users,
region, and competitive landscape.
Based on product type, the global
takeout containers market is segmented into bottles & jars, cans, cups
& tubs, boxes, and others. Among these, the bottles & jars segment
holds the leading share in the market. The most frequently used products in the
rigid food packaging segment are bottles and jars. Foods of all kinds,
including jam, honey, sauces, cheese, mayonnaise, spices, oils, spreads,
syrups, processed fruits and vegetables, fish, and meat, are stored in glass
and plastic jars and bottles.
Based on packaging type, the global
takeout containers market is segmented into rigid, plates, trays, bowls, and
others (pouches & sachets, cutlery, etc.). Among these, the rigid segment
holds the leading share in the market during the forecast period. Compared to
flexible packaging, rigid packaging is made of sturdier and heavier materials,
such as metals, cardboard, glasses, cans, jars, and rigid plastic containers
for hummus, yogurt, wine, and cannabis. It is widely used in the container
market because of its excellent protection capabilities.
Based on material type, the global
takeout container market is segmented into plastic, glass, metal, and others
(paper & paperboard, aluminum foil, etc.). Among these, the plastic segment
holds the leading share in the market and is expected to remain dominant during
the forecast period. As plastics are used in bakery food, meat, dairy products,
fruits and vegetables, and other products, the demand for plastic food containers
is anticipated to increase. Energy is conserved, and less fuel is needed for
transporting goods using this packaging type.
Based on end users, the global takeout
containers market is segmented into restaurants & cafes, retail food
chains, hotels, delivery catering, cinemas, canteens, and others (stalls &
kiosks, malls, institutional, etc.). Among these, restaurants and cafes are the
fastest growing segment in the market during the forecast period. Restaurants
and cafes use takeout containers for the safety of the food and convenience for
the consumers so that consumers can consume the food without destroying it.
Based on region, the global takeout
containers market is segmented into North America, Europe, Asia-Pacific, Middle
East & Africa, and South America. Among these regions, North America holds
the leading share in the market during the forecast period because households
use smaller food containers more frequently, which reduces waste and raises the
demand for takeout containers. During the forecast period, the demand for
takeout containers has increased in the region due to the rise in disposable
income.
Key market players operating in the global
takeout containers market include:
·
Genpak, LLC
·
Amcor Plc
·
Silgan Holdings Inc.
·
Ardagh Group S.A.
·
Berry Global Inc.
·
PLASTIPAK HOLDINGS, INC.
·
Anchor Packaging LLC
·
Graham Packaging Company, L.P.
·
Ball Corporation
·
WestRock Company
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“The market for processed foods and
ready-to-eat meals has expanded significantly, increasing demand for
high-barrier packaging options like takeout containers. One of the key factors
in the food service sector's preference for aluminum containers is their
versatile shapes, which make them cost and stacking efficient. During the
forecast period, it is anticipated that demand from quick service restaurants
and food services will increase the demand and growth of takeout containers.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Takeout
Containers Market- Global Industry Size, Share, Trends, Opportunity, and
Forecast 2017-2027
Segmented By Product Type
(Bottles & Jars, Cans, Cups & Tubs, Boxes, Others), By Packaging Type
(Rigid, Plates, Trays, Bowls, Others (Pouches & Sachets, Cutlery, etc.), By
Material Type (Plastic, Glass, Metal, Others (Paper & Paperboard, Aluminum
Foil, etc.)), By End Users (Restaurants & Cafes, Retail Food Chains,
Hotels, Delivery Catering, Cinemas, Canteens, Others (Stalls & Kiosks,
Malls, Institutional, etc.), By Region,” has evaluated the future growth potential of takeout
containers market globally and provides statistics and information on
market structure, size, share, and future growth. The report provides
cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the global
takeout containers market.
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