NEWARK, DEL, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Sales of Disposable Food Containers totalled US$ 16.9 billion in 2022 and are expected to reach US$ 17.76 billion in 2023. Between 2023 and 2033, disposable food containers market is expected to accelerate at a 5.1% CAGR, reaching US$ 29.21 billion.
Due to rising customer demand for handy and on-the-go food packaging solutions, the disposable food containers industry is predicted to increase steadily. Environmental concerns and the search for sustainable alternatives may affect market trends, with corporations looking into eco-friendly products. Design and material innovations may be critical in shaping the market's future.
From Convenience to Consciousness: The Booming World of Disposable Food Containers
An increased desire for convenience and on-the-go food options is spurring market growth in today's fast-paced lifestyle. The rise of meal delivery services and takeaway options pushes demand for disposable containers. Concerns about food safety and cleanliness, as well as the convenience of disposal, all contribute to the market growth for disposable food containers.
Growing environmental consciousness and a shift toward sustainable and eco-friendly packaging solutions are compelling manufacturers to create biodegradable and compostable food containers, boosting market expansion. As the food business evolves, the disposable food containers market is likely to increase steadily.
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Environmental Concerns Pose Challenges for Disposable Food Containers Industry
The growing environmental concerns and desire for sustainable alternatives are important restraints on the disposable food containers market. As public awareness of plastic pollution and its negative environmental impact grows, consumers and governments are increasingly pressing for environmentally responsible solutions. As a result, consumer tastes are shifting toward reusable or biodegradable packaging, placing pressure on the disposable food container business.
Stringent rules on single-use plastics and many countries' pushes for waste reduction measures impede the expansion of conventional disposable food containers. The disposable food containers manufacturers must innovate and embrace more ecologically friendly materials and production processes to suit the needs of a conscientious consumer base while remaining competitive in the market.
Disposable Food Containers Market: Regional Outlook
The disposable food containers market growth was mainly driven by increasing consumer demand for convenience and the rising trend of on-the-go food consumption. North America and Europe were prominent regions, driven by busy lifestyles and a growing food delivery industry.
Asia Pacific showcased significant potential due to the expanding urban population and changing consumer preferences. The environmental concerns and a shift towards sustainability challenged the market growth for disposable food containers. Government's and consumers' growing awareness of single-use plastics' impact might influence the market dynamics in the forecast period.
Key Takeaways
- In the United States, it is anticipated that in 2023, disposable food container sales are going to surpass US$ 4.8 billion.
- Between 2023 and 2033, the German disposable food containers market is anticipated to have a profitable growth opportunity of US$ 491 million.
- Between 2023 and 2033, the material category's paper & paperboard segment is going to expand at a steady CAGR of 5.1%.
- According to the end-use category, 39% of all disposable food containers sold in 2023 are to be used in restaurants and eateries.
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Competitive Landscape and Recent Developments in Disposable Food Containers Industry
The disposable food containers industry was highly competitive and rapidly expanding. The industry's major players were actively innovating to fulfil the needs for sustainability, convenience, and cost-effectiveness.
The disposable food container manufacturers were attempting to offer eco-friendly alternatives as customer awareness of environmental concerns grew. The industry has seen the growth of smaller, niche firms, which has increased rivalry.
Newest Developments
- Stora Enso Oyj teamed with Picadeli in February 2022 to replace plastic packaging in salad packaging by developing a plastic-free, recyclable alternative for takeaway packaging.
- The WestRock Company to cooperate with Swiss Chalet to create recyclable paperboard packaging for its restaurant franchise in Canada in April 2022.
Prominent producers of Disposable Food Containers.
- Stora Enso Oyj
- The WestRock Company
- DS Smith Plc
- Mondi Group Plc
- Smurfit Kappa Group
- Sonoco Products Company
- Sealed Air Corporation
- Georgia Pacific LLC
- DOpla SpA
- Dart Container Corporation
- Huhtamäki Oyj
- D&W Fine Pack
- Gold Plast SPA
- SOLIA, Inc.
- Vegware Ltd
- Tn food container manufacturers
- ENPAK Eco-Friendly Food Container
- Lacerta Group, Inc.
- South Plastic Industry Co., Ltd.
- Arafhat Plastics
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Key Segmentations-
By Material:
- Polypropylene (PP)
- Polystyrene (PS)
- Polyethylene Terephthalate (PET)
- Paper and Paperboard
- Aluminium
- Bagasse
- Starch-based
By Application:
- Fresh food
- Good takeaway
- Retail
By End Use:
- Restaurants and eateries
- Take-away and online delivery
- Catering services
- Institutional
Explore Research-Related Reports of Packaging:
Rigid Food Containers Market Size: The global rigid food containers market size is set to reach a valuation of US$ 195.7 Billion in 2022, and register a CAGR of 4.8% from 2022 to 2032. The market is anticipated to reach US$ 314.2 Billion by 2032.
Hinged Food Containers Market Share: The global hinged food containers market is anticipated to accumulate a market value of US$ 87.4 billion in 2023 and is expected to garner a valuation of US$ 145 billion by exhibiting a CAGR of 5.1 % in the forecast period 2023 to 2033.
Insulated Food Containers Market Overview: The extended food packaging market is the prime factor responsible for growing the demand for insulated food containers, therefore, growing the demand.
Fast Food Containers Market Scope: The overall Fast Food Container sales are slated to grow at a CAGR of 5.3%, totalling US$ 79.8 billion by 2032.
Food Packaging Market Trends: The global food packaging market size is expected to increase from US$ 353.7 billion in 2023 to US$ 592.8 billion by 2033.
Canned Food Packaging Market Growth: The canned food packaging market is anticipated to flourish at an average CAGR of 4.8% between 2023 and 2033. The market is expected to hold a market share of US$ 46.70 billion by 2033.
Food Bags Market Demand: The global Food Bags Market size is expected to increase from US$ 824.0 million in 2023 to US$ 1,594.3 million by 2033.
Confectionery Packaging Market Outlook: The confectionery packaging market is likely to hold a revenue of US$ 11.37 billion in 2023 while it is anticipated to cross a value of US$ 17.50 billion by 2033.
Food Trays Market Values: The food trays market is worth US$ 10.041 billion in 2023 and is worth US$ 17.48 billion by 2033. The food trays market is accelerating at a CAGR of 5.7% from 2023 to 2033.
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