As per FMI, the global takeaway containers market size is anticipated to reach US$ 35.6 Billion by the end of 2032 and expand at a CAGR of 5.3% from 2022-2032. The market stood at US$ 21.3 Billion in 2022.
For enabling convenient options for consumers, packaging plays an important role. Popularity of food delivery has soared and packaging is playing an important role in improving the portability of food and beverage products. In the food service industry, convenience is the key. Takeaway containers have become very popular owing to the rapid expansion of the food industry. Packaging is considered to be important in order to keep the food fresh and safe from being contaminated. A longer shelf-life also helps to deliver food to locations that are far from restaurants.
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Takeaway containers are made from a variety of materials such as plastic, paper & paperboard, metal, and glass. However, as compared to the usage of fresh materials, recycled materials in takeaway containers are in high demand as consumers are preferring sustainable packaging solutions.
Some companies are investing huge sums in research and development (R&D) activities to increase the shelf-life of food. They are also extending the shelf-life of packaging to maintain the quality of the product. Consumers prefer quick-service restaurants, full-service restaurants, and catering services instead of a traditional way of dining due to changes in their lifestyle, which is projected to propel the demand for takeaway containers during the forecast period.
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.
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“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.
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.
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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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