According to Future Market Insights (FMI) research, during the projected period, the global sandwich containers market is expected to grow at a CAGR of 5.8%. The market value is projected to increase from US$ 255.9 million in 2023 to US$ 449.7 million by 2033. The global sandwich containers industry was valued at US$ 241.9 million at the end of 2022.
Global sandwich containers grew at 9.6% from 2018 to 2022, with an estimated market value of around US$ 255.9 million as of 2023. As per Future Market Insights (FMI), the plastic segment by material held a share of about 53.8% in 2022 within the global market.
The lidded segment with a market share of more than 57.2% has topped the global sandwich containers within the lid type category and is expected to grow at a CAGR of close to 6.3% over the forecast period (2023 to 2033).
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Global e-commerce trade surged during Covid-19 due to its necessity. Online shopping proved to be a viable option as retail locations remained shut and people stayed in to avoid contracting the virus.
Furthermore, fiscal support during the pandemic helped expand e-commerce adoption, by driving up overall consumption, which, owing to pandemic restrictions, could mostly be accomplished online.
E-commerce sales have remained steady even now owing to several factors which include constantly improving logistics, growing penetration of smartphones as well as marketplace expansion among others.
As per the International Trade Administration of the U.S. Government, e-commerce sales are projected to expand at a rate of over 1% each year, earning a roughly 22% proportion of total worldwide retail sales by 2024. This growth of e-commerce is also poised to impact the demand for sandwich containers.
Several manufacturers have started selling their products online not only through e-commerce websites, but also through their websites since they anticipate a boom in online sales in the near future and in also to penetrate further into international markets.
For instance, Amcor Plc, a key player, estimates that around 20% of packaging products will be sold via e-commerce within 2025.
Key Takeaways from Sandwich Containers Market
- By material, the plastic sandwich containers segment is anticipated to account for around 51.8% of the market by 2033.
- The lidded segment is estimated to hold the key portion of the market during the forecast period and is forecasted to account for 57.2% of the market share.
- Based on the distribution channel, the retail segment is anticipated to register a CAGR of 5.2% during 2023-2033.
- North America and Asia-Pacific cumulatively account for nearly 48.1% of the global sandwich containers market by the end of the forecast period.
“Sandwich containers are considered to be a highly innovative perform packaging type. These provide the external environment, as well as tampering protection. These have several benefits, such as high shelf life of sandwiches, improved safety, and easy-to-carry properties. The market is also highly competitive with the presence of various local, regional, and global manufacturers.”- says a lead FMI analyst
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Increasing Number of Cafes and Restaurants is Driving Demand for Sandwich Containers.
Sandwich containers are an increasingly prevalent kind of packaging that has grown more widespread in not only households but also restaurants and across the world. These containers come in a variety of designs and dimensions to fulfill a myriad of storage requirements.
Such sandwich containers are typically composed of high-quality plastic materials such as PET and RPET and ensure proper storage as well as consistency in terms of food quality for days.
The total number of cafes and restaurants across the world is growing at a rapid pace, driven by changing urban living conditions and lifestyles.
As per studies conducted by the National Restaurant Association, restaurant sales across the United States grew by 15% in 2022 as compared to 2021. This ongoing growth is consequently poised to drive the demand for sandwich containers.
Trends Shaping the Sandwich Containers Market
The sandwich containers industry is constantly seeking out innovative solutions that are economically and environmentally sustainable. The growing push for sustainable solutions and reduction of emissions is creating demand for eco-friendly packaging solutions. Industry leaders are starting to invest in green solutions that conserve the ecosystem.
Green consumerism is on the rise and thus more key players such as Proampac as well as Tupperware are establishing eco-friendly Sandwich Containers solutions in their product portfolio.
For instance, D&W Fine Pack LLC announced the launch of its Earth Smart® line of eco-friendly containers for the storage of deli sandwiches among others.
Customization or personalization is another trend taking the sandwich containers industry by storm. Several key players report customization requests from a wide range of manufacturers as well as wholesalers.
Customization requests include logos, texts as well as graphics as sellers strive towards attracting a wide range of customers across varying demographics and preferences.
Sandwich Containers Market Landscape
ProAmpac LLC, Schur Flexibles Holding GesmbH, Eco-Products Inc., A & K Ecofilm Ltd., and Constantia Flexibles Group GmbH, are some of the top players operating in the target market. Furthermore, Sabert Corporation, Amcor Plc, Genpak LLC, Anchor Packaging Inc., Klöckner Pentaplast Group, GM Packaging, Clondalkin Group Inc., and Tupperware Brands Corporation are other noticeable players.
Competitive Landscape
The key manufacturers operating in the sandwich containers industry are trying to focus on increasing their production capacity to meet the rising demand for sandwich containers. Moreover, the key players are increasing their product portfolio to cater to the growing sandwich containers industry. For instance,
- In June 2023, ProAmpac announced the launch of its fiber-based Modified Atmosphere Packaging RAP Sandwich Wedge for the North American market.
- In November 2022, Sabert Corporation announced the launch of 5 new environmentally friendly packaging containers for multiple different food items.
- In April 2021, Tupperware Brands Corporation announced the expansion of its ECO+ product portfolio with the launch of Lunch-It® Containers and Sandwich Keepers.
Sandwich Containers Packaging Market Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global market for sandwich containers, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033. The study reveals market growth projections on sandwich containers based on the material (metal, plastic, and paper), lid type (lidded, and hinged), and distribution channel (e-commerce/online retail, manufacturers, convenience stores, distributors, and retailers) .
Sandwich Containers Market Segmentation by Category
By Material:
- Metal
- Plastic
- Paper
By Lid Type:
- Lidded
- Hinged
By Distribution Channel:
- E-commerce
- Manufacturers
- Convenience Stores
- Distributors
- Retailers
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East & Africa
About Future Market Insights Inc. (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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