The global takeaway containers market is poised for substantial growth, with market size projected to reach USD 104.8 billion in 2023. According to Future Market Insights (FMI), the market will expand at a steady CAGR of 4.0% from 2023 to 2033, culminating in a valuation of USD 153.2 billion by the end of the decade.
Market leaders continue to consolidate their positions, with the top three countries expected to account for 30–35% of the global market by the end of 2023. Similarly, the top five companies are estimated to hold approximately 15–20% of the total market share in the coming years, underscoring the competitive dynamics of the sector.
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The plastic segment remains the standout contributor, driven by its numerous advantages, including lightweight construction, durability, and cost-effectiveness. The segment is expected to generate an absolute dollar opportunity of USD 7.6 billion over the forecast period, reflecting its pivotal role in the market’s evolution.
In 2022, the global takeaway containers market achieved a valuation of USD 100 billion, demonstrating consistent demand for eco-friendly and efficient packaging solutions.
Key Takeaways for the Takeaway Containers Market:
- The global takeaway containers market is projected to grow at a CAGR of 5.5% during the forecast period.
- The United States is expected to hold a significant share, surpassing 19.6% market share over the forecast period.
- The India takeaway containers market is estimated to grow at a steady CAGR of 4.9% from 2023 to 2033.
- The plastic segment, based on material, dominates the global market with a substantial 57% share in 2022.
- The hotels, restaurants, and cafes (HoReCa) segment is expected to generate 33% of the market share in 2023.
Competitive Landscape
Key producers in the global takeaway container market are working on creating innovative and sustainable goods. Others are increasing their capacities, making acquisitions, and updating their production facilities to meet rising worldwide demand.
Some Recent Industry Developments are as follows:
- In September 2021, Pactiv Evergreen Group Holdings Inc. acquired Fabri-Kal, a leading manufacturer of food service and consumer brand packaging solutions.
- In April 2020, Genpak LLC launched a harvest fiber oval bowl for sustainable packaging. This product is perfect for takeaway and grab-n-go applications, which are expected to pair with their clear, no-leak, over-cap leads.
Prominent Drivers of the Takeaway Containers Market
- Rise in Food Delivery Services
The growing popularity of online food delivery platforms and increased consumer demand for convenience have significantly boosted the need for takeaway containers. - Shift Toward Eco-Friendly Packaging
Increased awareness of environmental sustainability has driven innovation in biodegradable, compostable, and recyclable takeaway containers. - Urbanization and Busy Lifestyles
Rapid urbanization and the trend of on-the-go consumption among busy urban populations have spurred the demand for convenient and durable takeaway containers. - Growth of the Fast-Food Industry
The expansion of quick-service restaurants (QSRs) and street food vendors is a major factor fueling the market for disposable takeaway packaging. - Regulatory Push for Sustainable Packaging
Governments and regulatory bodies worldwide are enforcing bans on single-use plastics and promoting the use of sustainable alternatives, encouraging manufacturers to innovate in takeaway container materials.
Key Players
Huhtamaki Oyj; Genpak LLC; Pactiv LLC; Dart Container Corporation; Georgia-Pacific LLC; Vegware USA; Karat by Lollicup; Detpak; Pappco Greenware; Winpak Ltd.; WestRock Company; Sabert Corporation; Anchor Packaging LLC; Amcor Plc; Berry Global Group; Sealed Air Corporation; DS Smith plc; International Paper Company; Fabri-Kal; Reynolds Group Holding Limited
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
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- The Middle East & Africa
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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