Latest News- Takeaway Containers Market: Boxes is expected to lead the Product segment during 2025-2029

The Takeaway Containers Market is being driven by Rapid urbanization

The Takeaway Containers Market is expected to grow at a CAGR of 4.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 23.9 billion. The global takeaway container market is witnessing a notable shift towards eco-friendly solutions, with increasing consumer consciousness and regulatory pressures driving this trend. A prominent development in this sector is the emergence of compostable takeout containers, which provide a sustainable alternative to conventional plastic packaging. In May 2023, Good Natured Products Inc., a Canadian company based in Vancouver, introduced its GoodToGo microwavable collection of compostable takeout containers. These containers, certified by the Compost Manufacturing Alliance, adhere to rigorous compostability standards. Manufactured using 97% plant-based materials, these high-clarity containers not only boast environmental sustainability but also offer heat resistance, making them a versatile choice for foodservice applications. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Boxes
  • Trays
  • Bowls
  • Others
• Material
  • Paper
  • Plastic
  • Aluminum
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rapid urbanization
• Robust growth of food delivery services
• Growth of fast-food industry

However, the market also witnesses some limitations, which are as follows:

• Regulatory compliance
• Fluctuating petroleum prices
• High production costs

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Market Scope in Takeaway Containers Market Research Report

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Research Analysis Overview

The Takeaway Containers Market encompasses various sectors including food court packaging, online ordering, and recycling. Key trends include food safety, packaging technology, and sustainability. Cost, preservation, and branding are crucial factors in takeaway container production for cafes, hospitals, schools, and hotels. Innovation drives the industry, with paper, paperboard, and bagasse containers gaining popularity. Recyclable and biodegradable options prioritize sustainability. Materials, design, and logistics impact food quality and shelf life for restaurants, quick service outlets, and airport packaging. Plastic containers remain common, but eco-friendly alternatives are on the rise.

Market Research Overview

In the dynamic takeaway container market, various players operate across different layers of the supply chain. Beginning with raw material procurement, suppliers provide essential inputs such as steel, aluminum, tin for metal containers, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass containers, and high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) for plastic containers. Post raw material acquisition, research and development teams innovate to create hygienic and contamination-resistant containers, while manufacturers produce these containers on a large scale to cater to market demands. Subsequently, distribution channels ensure these takeaway containers reach hospitals, lodgings, and other end-users, with an increasing focus on eco-friendly options like recyclable and biodegradable containers to maintain high standards of hygiene and sustainability.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/