The fast-food reusable market is anticipated to expand its roots at a steady CAGR of 9.0% between 2023 and 2033. The market is expected to have a market share of US$ 41.15 billion by 2033 while it is likely to be valued at US$ 17.41 billion in 2023
- The increased demand for reusable products to serve food, and the government banning certain materials for environmental benefits are propelling the market growth. Furthermore, the enhanced product quality along with a better in-hand feel is also fueling the demand for fast-food reusable products.
- The fast-food reusable products that reduce food wastage and advent cardboard containers, along with reusable food containers are flourishing in the market growth. Alongside this, governments are limiting the carbon footprint and promoting fast-food reusables as they control food wastage.
- High safety and hygiene are offered by these fast-food reusable products due to the easily washable and cleanable products flourishing. The ongoing testing on different food outlets for increasing sustainability is expected to flourish the market’s upward trajectory.
- The expanding food outlets around the world, especially around emerging economies, are projected to add value to the market. Also, the ban on disposable dinnerware in some parts of the world is pushing the sales of the fast-food reusable market.
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Key Points
- The United States market leads the fast-food reusable market in terms of market share in North America. The United States region held a market share of 10.0% in 2022. The growth in this region is attributed to the food and beverage outlets experimenting with new sustainable and reusable solutions. North American region held an overall share of 19.0% in 2022.
- Germany’s market is another important market in the Europe region. The market held a market share of 4.9% in 2022. The growth is attributed to the introduction of new eateries along with the government’s efforts for making sustainable and climate-friendly products mainstream. The Europe region held a market share of 15.9% in 2022.
- India’s fast-food reusable market thrives at a CAGR of 4.0% between 2023 and 2033. The growth is attributed to the popular street food culture along with the high consumption of fast food.
- China’s market also thrives at a CAGR of 7.0% during the forecast period. The flourishing growth is attributed to high consumption, innovative ideas entering the food serving, and packaging solutions.
- Based on application type, the vegetable segment leads the market as it held a significant share of 21.0% in 2022.
- Based on the material type, the metal segment leads the market as it held a notable market share of 23.5% in 2022.
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Competitive Landscape
The key vendors focus on affordable, light, and durable materials. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- Amcor Pty Ltd. Has introduced a US$ 250000 investment for their new smart reusable food packaging start-up.
- Sealed Air Corporation has launched fast-food reusable that come with different materials and adjusting layers.
Key Segments Covered
By Material Type:
- Glass
- Metal
- Plastic
- Wood
By Application:
- Vegetables
- Fruits
- Eggs & Meat
- Juices
- Others
By Product Outlook:
- Bottle & Jars
- Cans
- Cups
- Boxes & Containers
By Size:
- Small
- Medium
- Big
By End-Use Industry:
- Hotels
- Fast-Food Centres
- Food Chains
- Bakery
- Others
Key Regions Covered:
- North America
- The United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- The United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)
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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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