Global Take-out Container Market: Overview
Take-out containers are used widely across the world to deliver food items to customers. With advent of food delivery apps, the popular mode of food consumption in developed countries has become a phenomenon of sorts in emerging countries as well.
According to a study by United States Department of Agriculture, the time constraints due to employment, shifts the consumer demand from grocery stores to take-out from restaurants. Also, having children affects parents to choose convenience food over not-ready-to-go food. This creates a potential market growth for fast-food and convenience food and in turn, creates a demand for growth in take-out container market.
Fast food industries are dominant in the growth of take-out container market. According to a study by Worldatlas, top 20 largest fast food chains around the world such as Subway, McDonald's, Starbucks, KFC, Burger King, Pizza Hut, Dominos and others have total of 257,577 restaurant. This increases the demand for take-out containers.
Global Take-out Container Market: Market Dynamics
Global take-out container market is expected to increase by a single digit CAGR. The 2018 Revision of World Urbanization Prospects produced by the Population Division of the UN Department of Economic and Social Affairs (UN DESA) notes that future urbanization will increase by 55% to 68% from period 2018 to 2050. This increases the demand for take-out containers market across the world. A study by UN digital analyst estimates, 66.53% of world population owns a phone, which further drives the trend of online food delivery systems and aids in the growth of take-out container market.
The use of plastic bags and plastic take-out containers have been banned in some states of India and Kenya has implemented strict penalties for plastic bag use. This creates a market gap and the need for bio-degradable materials that can fit the regulations of the region. Indonesia has already created a Bio-Degradable plastic bag out of cassava, a vegetable root. A company named Avani Eco based in Bali has created this plastic-like carry bag. This further creates a market for take-out container globally.
Moreover, high-fluorine content in take-out container is a serious problem and an emerging solution could be brown colored-recycled paperboard take-out containers, with low fluorine contents.
According to study by health science professors of Boston University and Tufts University, consumers prefer on-the-go food to sitting in restaurants. Online food services also play a dominating role in global take-out container market as offers and promotions attract larger consumers towards convenience food. This aids in the surge of take-out container market globally.
Global Take-out Container Market: Key Segments
Global take-out container market can be segmented based on material type, size and food type. Material can be segmented into plastic, metal, paper, cardboard box and natural/bio-degradable. Again, plastic further can be segmented into re-usable and disposable plastic. Metal can be segmented into steel, aluminum foil and others. Similar to plastic, natural/bio-degradable can be segmented into re-usable and disposable. Food type can be segmented into solids, liquids and others. However, segmentation by size and by food type are highly dependent on one another.
Take-out containers can be segmented by level of fluorine as non-fluorinated, low-fluorinated and high-fluorinated.
Global Take-out Container Market: Regional Analysis
Global take-out container market can be segmented into geographies such as North America which has the largest online food consumption market followed by Europe, Asia Pacific (East Asia & South Asia) and Oceania. Latin America and MEA are still growing markets.
In 2018, Zomato, an Indian food delivery system claimed to have hit online food delivery market leadership with 21 million monthly order run rate. This is crucial as it gives clear indication that take-out container market is growing consistently as more number of people are preferring online food delivery.
Take-out Container Market: Key Manufacturers
Global take-out container Market is a fragmented market. There are number of key players in take-out container market according to their market share Amcor Limited, Ball Corporation, Crown Holdings Incorporated, International Paper Company, Mondi Plc, Owens-Illinois, Reynolds Group Holdings, Sealed Air Corporation, Smurfit Kappa Group Plc, Stora Enso Oyj, Westrock (Rocktenn), Bemis Company, Inc., Berry Global, Inc., Coveris, Ds Smith Plc, Graphic Packaging International Plc and Packaging Corporation Of America.
The research report presents a comprehensive assessment of take-out container market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The take-out container market report provides analysis and information, according to market segments such as geographies, application, material type, fluorine level, size, food type, and industry.
The Take-out Container Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Take-out Container Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia & New Zealand, Rest of South Asia & Oceania)
- Middle East & Africa (GCC Countries, North Africa, South Africa, Rest of MEA)
The take-out container report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The take-out container report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The take-out container report also maps the qualitative impact of various market factors on market segments and geographies.
The Take-out Container Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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