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Global Take Out Containers Market Analysis & Trends - Industry Forecast to 2028

Global Take Out Containers Market Analysis & Trends - Industry Forecast to 2028

  • July 2021
  • 132 pages
  • ID: 6127612
  • Format: PDF
  • Accuray Research LLP

Summary

Table of Contents

Take Out Containers: Market Size

The global Take Out Containers market is expected to grow at a CAGR of 5.3% from 2020 - 2028 timeframe.


Some of the prominent trends that the market is witnessing include escalating ready-to-eat industry, rising demand for high barrier packaging solutions, and growing preference of consumers for restaurant food.

Global Take Out Containers Market: Market Dynamics

The shifting preferences of consumers regarding food sustainability and packaging have been one of the key factors for growth; efforts of players in the market for offering new alternatives have been perpetuate bounce in the stipulation of takeout containers.

The processed food and ready to eat meals have witnessed tremendous growth, which in turn resulting in increased demand for high barrier packaging solutions such as takeout containers.

On the other hand, the high price factor in contrast to other packaging solutions is likely to obstruct the profit boundaries. In addition, dynamic shapes of aluminum containers as effective means of stacking and cost effectiveness will further boost for the Take Out Containers market.

Impact of COVID-19 on Take Out Containers

The COVID-19 crisis has had a positive impact on the Take Out Containers market. The market has shown rapid recovery after the initial shock, while dampening of sales during initial lockdowns in multiple countries was observed. Restarting of food services during lockdowns has been beneficial for this recovery of demand for takeout containers. The initiatives of food delivery platforms for showcasing the safety of deliveries have proved highly beneficial for the takeout containers market. Moreover, the high preference of consumers for ready to eat food and need for change in daily routine are expected to further shape the growth of the takeout containers market during the recovery period of pandemic. While changing inclination of customers concerning sustainable food packaging is one of the prime deterrents for expansion in the global market, mandates related to take-out instead of dine-in have led to a surge in demand during the crisis.

By Application

Fresh Fruits and Vegetables Segment Dominate the Market in 2020

The fresh fruits and vegetables segment made huge revenue in 2020 and growing its prominence during the forecast period. Fruits and vegetables are living organisms, so storing them in an airtight container cuts off their air supply and speeds up the decay process. The takeout containers include a small vent along their lid that regulates how much oxygen and carbon dioxide can enter and exit them. There are three different capacity of takeout containers that can be used to store many types of fruits or vegetables, such as lettuce, cabbage, strawberry, blueberry and different types of meat and fish. It can also be used to store food in the refrigerator without fear of spoiling.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific region is likely to have a huge demand in the forecast period owing to the increasing consumer demand and higher preference for takeout and parcel food in the region especially in China. The markets in East Asia are anticipated to show moderate growth during the forecast period, while emerging economies such as ASEAN countries and South Asia are expected to present high growth potential during the forecast period.

List of the Key Players Profiled in the Market Include:

• CiMa-Pak Corporation
• Earthpak Canada
• Faerch A/S
• Genpak, LLC
• Greenmunch
• Groupe Lacroix
• Hubert Company LLC
• Huhtamäki Oyj

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others

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