The Takeaway Containers Market is poised to achieve a valuation of US$ 104.8 billion by 2023, with a projected steady growth rate of 4.0% from 2023 to 2033, ultimately reaching US$ 153.2 billion by the conclusion of 2033. The market is expected to witness revenue escalation, with the top 3 countries collectively accounting for 30 to 35% of the global market by the end of 2023.
Takeaway containers are made from a variety of materials such as plastic, paper & paperboard, metal, and glass. However, as compared to the usage of fresh materials, recycled materials in takeaway containers are in high demand as consumers are preferring sustainable packaging solutions.
For enabling convenient options for consumers, packaging plays an important role. Popularity of food delivery has soared and packaging is playing an important role in improving the portability of food and beverage products. In the food service industry, convenience is the key. Takeaway containers have become very popular owing to the rapid expansion of the food industry. Packaging is considered to be important in order to keep the food fresh and safe from being contaminated. A longer shelf-life also helps to deliver food to locations that are far from restaurants.
Request Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15545
Trends Pushing Sales in the Global Market
In response to the imperative to preserve freshness, extend shelf life, and reduce food contamination, manufacturers in the takeaway packaging industry are increasingly focusing on introducing sustainable alternatives. Biodegradable takeaway packaging options are being offered to mitigate the environmental impact of packaging waste. Modern consumers exhibit a strong preference for 100% recyclable and reusable packaging, leading to a significant uptick in demand for sustainable packaging solutions. The use of recycled materials, which are cost-effective and demand fewer resources for production, is becoming prevalent in the manufacturing of takeout food containers.
The evolving landscape sees restaurants expanding their reach by delivering food to even distant locations, fostering a heightened demand for packaging that can effectively prolong the shelf life of the food. An extended shelf life not only serves as a potent marketing tool to attract new customers but also plays a crucial role in maintaining food quality and preventing deterioration. These factors collectively contribute to the expansion of the takeaway container market, presenting manufacturers with new avenues for growth and innovation.
Ask n Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-15545
Key Takeaways from Global Takeaway Containers Market
- Based on material, the plastic takeaway containers segment is projected to hold around 57% of the market share by the end of 2022.
- By product type, the bowls and plates segment is estimated to create an incremental value of US$ 4.5 Bn during the foreseeable period.
- By end user, the hotels, restaurants, & cafes segment is likely to generate a share of 33% in the takeaway containers market in 2022.
- The India takeaway containers market is projected to grow at 6.4% CAGR during 2022-2032.
- The U.S. takeaway containers market is expected to create an incremental opportunity of around US$ 1.9 Bn in the forecast period.
Competitive Landscape: Takeaway Containers Market
Key players operating in the global takeaway containers market are Huhtamaki Oyj, Georgia-Pacific LLC, Winpak Ltd., WestRock Company, Sabert Corporation, Amcor Plc, Sealed Air Corporation, Berry Global Group, DS Smith plc, International Paper Company, Reynolds Group Holding Limited, Detpak, Genpak, LLC, Pactiv LLC, Dart Container Corporation, Fabri-Kal, Vegware US, Karat by Lollicup, and Pappco Greenware among others.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/15545
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
Get Report Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-15545
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube