Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
US Takeout Containers Market Overview
US Takeout Containers Market Size was valued at USD 38.9 Billion in 2022. The takeout containers industry is projected to grow from USD 40.65 Billion in 2023 to USD 57.809 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2023 - 2032). Major market drivers propelling the expansion of the US takeout container market are the convenience with which food products may be packaged, carried, and transported in these containers, as well as the growing demand for packaged food goods.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Takeout Containers Market Trends
-
Rising Packaging Technology Innovation to Boost the Market Growth
The market for takeout containers is expanding quickly due to increased packaging technology innovation. Demand for takeout containers is rising due to the rapid movement in customer preference toward convenience meals and packaged goods in both developed and emerging nations, including the United States. In the takeout container business, emerging technologies like heat-and-eat meals and fast meal options are also becoming more popular. Convenient single-serve travel packets are becoming increasingly popular among consumers. The takeout container market is in demand due to an increase of working members and discretionary income. Furthermore, with the aim of providing consumers with more convenient packaging options, manufacturers are always innovating and inventing new packaging solutions, such as on-the-go packaging solutions. Manufacturers provide all-in-one breakfast solutions that are portable, complete with a spoon and a single bag of milk powder. The takeaway container market is expanding in the US due to several factors.
Over the next ten years, there will be a notable increase in the number of foodservice and quick-service restaurants as individuals begin to favor eating out rather than cooking at home. It will raise the need for takeout containers even more. Foods that must be delivered to customers are packaged using food packaging materials such as trays, bowls, and cups. Additionally, as the working population continues to increase and eating habits change, there will be a greater desire for restaurant and ready-to-eat foods. Consequently, quick-service, full-service, and catering restaurants are finding greater and greater need for creative packaging. Thus, driving the takeout containers market revenue.
Crown Holdings published data last May showing its efforts to increase metal recycling rates across all key markets. It aims to achieve a 70% recycling rate in the US and an 80% recycling rate in EMEA (Europe, Middle East and Africa). The company is working with Every Can Count (ECC), which promotes metal container recyclability. These moves may help the fast-food container market move towards sustainability and flourish over the next few years.
Takeout Containers Market Segment Insights
Takeout Containers Type Insights
The US Takeout Containers market segmentation, based on type includes Plastic Containers, Paper Containers, and Others. The plastic containers segment dominated the market mostly. The primary reason plastic containers are utilized is that they are more effectively designed to retain and safeguard goods throughout transportation and client delivery than paper containers. Because of this, plastic containers are the most popular ones for takeout.
Takeout Containers Application Insights
The US Takeout Containers market segmentation, based on application, includes Fresh Fruits and Vegetables, Fast Food Take-Away, and Others. The fast food take-away category generated the most income. The fast-food industry is expanding as a result of people's increased disposable income. Rapid urbanization and globalization are to attributed for the increase in hotels and restaurants, which is anticipated to support the fast-food segment's expansion throughout the projection period.
For instance, Vegware became part of Novolex in August 2021. The acquisition would complement Novolex’s existing Eco-Products range as well as extend Vegware’s presence in Europe while giving it greater access to North America.
Figure 1: US Takeout Containers Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Takeout Containers Country Insights
The desire for disposable and easy food packaging solutions is driving the strong growth of the takeaway container industry in the United States. Takeaway and delivery services are becoming more and more popular as a result of busy lifestyles and shifting demographics. This therefore calls for a constant supply of robust, leak-proof food containers. The COVID-19 pandemic, which hastened the transition towards food delivery and takeout, busy lifestyles, and the ease of ordering meals online are among other factors driving the rise of the takeout container business in the United States. In addition, new designs and materials that address sustainability issues might hit the market. Changes in waste management and packaging regulations may have an effect on the sector and encourage the use of greener alternatives. The packaging industry's competition to offer affordable, environmentally friendly choices will probably influence the direction that the market takes in the years to come.
Takeout Containers Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the takeout containers market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, takeout containers industry must offer cost-effective items.
Major players in the takeout containers market are attempting to increase market demand by investing in research and development operations includes Groupe Lacroix, HuhtamäkiOyj, Greenmunch, Faerch A/S, Genpak, Earthpak Canada, CiMa-Pak Corporation, Hubert Company LLC, Amcor plc, Silgan Holdings, Inc., Ardagh Group, Berry Plastics Corp., Plastipak Holdings, Inc., Sonoco Products Company, Graham Packaging Company, Inc., and Weener Plastics.
Key Companies in the takeout containers market include
-
Groupe Lacroix
-
HuhtamäkiOyj
-
-
Faerch A/S
-
Genpak
-
-
CiMa-Pak Corporation
-
Hubert Company LLC
-
Amcor plc
-
Silgan Holdings, Inc.
-
Ardagh Group
-
Berry Plastics Corp.
-
Plastipak Holdings, Inc.
-
Sonoco Products Company
-
Graham Packaging Company, Inc.
-
Weener Plastics
Takeout Containers Industry Developments
September 2021: Fabri-Kal, a top producer of food service and consumer brand packaging solutions, was purchased by Pactiv Evergreen Group Holdings Inc.
April 2022: For eco-friendly packaging, Genpak LLC introduced an oval bowl made of harvest fiber. With their transparent, leak-proof, over-cap leads, this product is ideal for grab-and-go and takeout applications.
In April 2022 Amcor introduced new high-barrier laminates for its pharmaceutical container business that are more sustainable. The revolutionary recycle-ready low-carbon packaging options are intended to meet high-barrier performance requirements supporting the industry’s recyclable ambitions.
Takeout Containers Market Segmentation
Takeout Containers Type Outlook
-
Plastic Containers
-
Paper Containers
-
Others
Takeout Containers Application Outlook
-
Fresh Fruits and Vegetables
-
Fast Food Take-Away
-
Others
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
