Sales Of Takeout Containers Is Projected To Expand At A CAGR Of Over 3.5% By 2030

The takeout containers market has seen a historical CAGR of over 2% from 2015 to 2019, owing to the moderate growth in the demand for takeout containers across North America and East Asia. The market is projected to expand at a CAGR of over 3.5% over the forecast period of 2020 to 2030.

The emergence of "cloud style" kitchens and consumers' growing preference for restaurant food are anticipated to open the door for the market for takeout containers to expand steadily. The takeout containers market is anticipated to experience significant growth over the course of the forecast period due to the high adoption of food service applications and the availability of numerous regional food delivery services.

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As per Fact.MR's report, the takeout containers market is anticipated to reach a valuation of over US$ 6 billion by 2030, with the growth rate pegged at 3.5% during 2020 to 2030.

Key Takeaways from Takeout Containers Market Study

• East Asia will account for a share of nearly 30% in the takeout containers market in 2020. High preference for food delivery and dependence of consumers on external food services are expected to create lucrative opportunities.
• South Asia and Oceania are expected to portray the highest growth rate of over 4% during the forecast period.
• Based on end use, quick service restaurants and fast service restaurants are expected to experience highest growth during the forecast period.
• In terms of product, clammed shell containers are expected to see moderate growth during the forecast period.
• In terms of type, perforated containers account a high share in the takeout containers market, and are expected to grow 1.4X by 2030 in value in 2020.
• The COVID-19 crisis has been slightly detrimental in the early stages for the takeout containers market, but is expected to have a positive effect during 2020 and onwards.
• Global demand for takeout containers is expected to increase over 1.3X during the forecast period.

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"Investments in differentiated offerings of takeout containers with innovative materials are expected to present lucrative returns during the forecast period," says a Fact.MR analyst.

Takeout Containers Market: Segmentation

Fact.MR has studied the takeout container market with detailed segmentation on the basis of product, type, capacity, end-use, and region.

Product

• Clamshell Containers
• Cartons
• Lidded Containers
• Bowls
• Plates
• Cups
• Others

Type

• Portioned Containers
• Perforated Containers

Capacity

• Up to 250 Gms
• 250-500 Gms
• More than 500 Gms

End-Use

• QSR and FSR
• Transportation Catering Services
• Institutional Catering Services
• Retail Sales

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia and Oceania
• MEA

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Summary of Key Findings

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Takeout Containers Demand

3.1.2. COVID-19 Crisis and Impact on Takeout Containers Prices

3.1.3. COVID-19 Impact Benchmark with Previous Crisis

3.1.3.1. Change in Takeout Containers Demand

3.1.3.2. Before and After COVID-19 Crisis (Projected)

3.1.3.3. Before and After Sub-prime Crisis - 2008 (Actual)

3.1.3.4. Change in Demand post Recovery Period (After Each Crisis)

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