The size of the global fast food container market was US$ 45.5 billion in 2021, and it is anticipated to grow to US$ 47.5 billion in 2022. Additionally, due to rising usage in industries including hotels, restaurants, retail food chains, and canteens, global sales of fast food containers are expected to increase at a CAGR of 5.3% and reach US$ 79.8 Bn by 2032.
The top 3 nations are predicted to control between 35 and 40 percent of the market by the end of 2022, which would increase sales of boxes for different types of products. Similar to this, it is predicted that between 2022 and 2032, the paper & paperboard market will provide an additional opportunity of US$23.5 billion.
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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 establishment of new production facilities to expand their global footprint.
Key Companies Profiled
- WestRock Company
- Graphic Packaging International LLC.
- Huhtamaki Oyj
- GM Packaging (UK) 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
2017-2021 Global Fast Food Containers Market Outlook Compared to 2022-2032 Forecast
The global fast food containers market witnessed a CAGR of 3.9% during the historic period of 2015 and 2021. However, with growing consumer spending on fast foods, introduction of ecofriendly containers, and increasing need for preserving food products for long durations, the overall market is poised to grow at a steady CAGR of 5.3% between 2022 and 2032, creating absolute $ opportunity of US$ 32.3 Bn by 2032.
Fast food containers are the food packaging containers used to store and pack different types of food products. These containers ensure that the food stored remains fresh and is not contaminated. They are made of different materials such as paper & paperboard containers, glass containers, plastic containers, and metal containers.
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What are the Key Trends Driving the Global Fast Food Containers Market?
“Increasing Demand for Convenient Food Packaging Solutions Boosting Sales”
The food service industry is a volatile industry with changing consumer tastes. Over the years, demand for convenient & packed food has been increasing at a robust pace as it can be served as a quick meal and the time spent in the kitchen is saved.
Owing to the increased consumption of convenient and packed foods, the need for packaging, which is easy to store, carry, and enables immediate consumption is also increasing. Fast food containers not only serve as secure packaging but also are easy to handle and can help in immediate consumption. Products like boxes, clamshells, cans, etc. could be carried easily.
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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