The global fast food containers market has witnessed significant growth, with a size of US$ 45.5 billion in 2021 and expected to reach US$ 47.5 billion in 2022. This growth is attributed to the increasing usage of fast food containers across various sectors, including hotels, restaurants, retail food chains, and canteens. The market is projected to continue growing at a CAGR of 5.3%, reaching a total value of US$ 79.8 billion by 2032.
The demand for fast food containers is bolstered by the top 3 countries, which are estimated to hold around 35 to 40% of the market share by the end of 2022. Additionally, the paper & paperboard segment is expected to create an incremental opportunity of US$ 23.5 billion between 2022 and 2032, indicating its significant contribution to the market’s growth.
Fast food containers play a crucial role in the food packaging industry, constituting around 13 to 15% of the global food packaging market, which was valued at US$ 319 billion in 2021. These containers are made from various materials such as paper, glass, plastic, and metal, providing the necessary preservation and protection to different types of food products, especially takeaway items.
Several factors contribute to the market’s growth, including the increasing consumer spending on fast foods, the rapid penetration of online food platforms, and the robust growth of the food service industry. As consumers opt for more takeaway and on-the-go food options, the demand for efficient and reliable fast food containers is expected to surge.
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Furthermore, the growing emphasis on sustainability and eco-friendly practices is driving the introduction of fast food containers made from sustainable materials. This trend is anticipated to further boost the market’s growth over the next ten years.
Key Takeaways:
- The global fast food containers market reached US$ 45.5 billion in 2021 and is expected to reach US$ 47.5 billion in 2022.
- The market is projected to grow at a CAGR of 5.3%, reaching US$ 79.8 billion by 2032.
- The paper & paperboard segment is estimated to create an incremental opportunity of US$ 23.5 billion between 2022 and 2032.
- Fast food containers constitute around 13 to 15% of the global food packaging market.
- Increasing consumer spending on fast foods and the growth of the food service industry are driving market growth.
- Sustainability and eco-friendly materials are becoming key focus areas for fast food container manufacturers.
Competitive Landscape
Key players operating in the fast food containers market are trying to focus on increasing their sales and revenues by expanding their capacities and developing eco-friendly products. They are also adopting strategies such as new product launches, mergers, acquisitions, partnerships, collaborations, and the establishment of new production facilities to expand their global footprint.
Some of the recent key developments by the leading players are as follows:
- In May 2022, Crown Holdings, Inc. published data showing their efforts in increasing the metal recycling rates in all their major markets. They have set the target of achieving 70% recycling rates in the USA and 80% recycling rates in Europe and the Middle East and Africa. They are working with Every Can Count (ECC), which works for promoting the recyclability of metal containers. Their efforts would help the fast food container market to move towards sustainability and flourish in the coming years.
- In March 2022, Huhtamaki Oyj strengthened its manufacturing capacity for molded fiber packaging to provide plastic-free packaging solutions for food packaging in Europe.
- In January 2022, Smurfit Kappa extended its packaging portfolio with a new innovative and sustainable solution for fast food. The new fresh post food box developed by the company will not only keep food safe but will also preserve the aroma and taste. This product would bring a transformative effect on the takeaway food packaging sector as it is a sustainable alternative to the single-use plastic solution.
- In 2021, Pyxo, a French startup announced that it will build the biggest network of reusable food containers.
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Key Players:
- WestRock Company
- Graphic Packaging International LLC.
- Huhtamaki Oyj
- GM Packaging (United Kingdom) Ltd.
- International Paper Company
- R+R Packaging Ltd.
- Fuling Plastic USA Inc.
- Berry Global Group
- Crown Holdings Inc.
- Graham Packaging Company
- Cambay Technopack Private Limited
Fast Food Containers Market by Category
By Material:
- Paper & Paperboard
- Glass
- Plastic
- Metal
By Product Type:
- Boxes
- Jars
- Clamshells
- Bottles
- Cans
- Cups & Tubs
- Trays
By End Users:
- Hotels, Restaurants & Cafes
- Retail Food Chains
- Cinemas
- Institutional
- Canteens
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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