Food to Go Packaging Market Summary
According to the new market research report “Global Food to Go Packaging Market Report 2024-2030”, published by QYResearch, the global Food to Go Packaging market size is projected to reach USD 74.71 billion by 2030, at a CAGR of 6.2% during the forecast period.
- Global Food to Go Packaging MarketSize(US$ Million), 2019-2030
Above data is based on report from QYResearch: Global Food to Go Packaging Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
- Global Food to Go Packaging Top22Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global Food to Go Packaging Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Food to Go Packaging include Huhtamäki, Graphic Packaging, Dart Container, Reynolds, Pactiv Evergreen, Sabert, Faerch AS, Dixie Consumer Products, BioPak, Groupe Lacroix, etc. In 2023, the global top 10 players had a share approximately 24.0% in terms of revenue.
- Food to Go Packaging,Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Food to Go Packaging Market Report 2024-2030.
In terms of product type, currently Plastic Containers is the largest segment, hold a share of 58.2%.
- Food to Go Packaging,Global Market Size, Split by ApplicationSegment
Based on or includes research from QYResearch: Global Food to Go Packaging Market Report 2024-2030.
In terms of product application, currently Retail is the largest segment, hold a share of 40.4%.
- Food to Go Packaging,Global Market Size, Split by Region
Based on or includes research from QYResearch: Global Food to Go Packaging Market Report 2024-2030.
Market Drivers:
D1: In the post-epidemic period, with the recovery of the catering industry and the rapid development of the takeout industry, the market demand for disposable lunch boxes has increased rapidly, and the output has continued to expand, which has continued to drive the development of disposable lunch boxes and other plastic products industries.
D2: Various countries have introduced some policies to support the healthy and sustainable development of the daily plastics industry. These policies create a good external market environment for consumer goods manufacturers, including daily plastic products, help companies further improve their manufacturing capabilities and enhance their competitive advantages, and lay a strong policy foundation for the industry to upgrade its industrial structure.
D3: With the rapid development of the Internet industry in recent years, food delivery has become an indispensable part of people’s daily lives. E-commerce, express delivery, takeout and other fields require the use of a large amount of plastic packaging and plastic tableware, which has brought incremental demand to the food takeout packaging industry, which has driven the rapid development of the plastic tableware and other daily plastic products industry. At the same time, as the public’s awareness of environmental protection continues to increase, major companies in the industry have proposed environmental protection plans to promote the application of environmentally friendly biomaterials in packaging. In the future, with the promotion of industrial policies and enterprises in the industry, the rapid development of emerging areas such as e-commerce, express delivery, and takeout will bring new growth points to the market demand for biodegradable plastic products.
D4: With the continuous increase of per capita disposable income, when consumers buy milk tea and fast food, in addition to meeting the basic usability and durability, they pay more attention to their safety, environmental protection and other aspects. Under the same conditions of use, young consumer groups will tend to choose products made of biodegradable materials. The increase in consumers’ attention to environmental protection will create greater market space and profits for biodegradable plastic product manufacturing companies.
Restraint:
R1: In recent years, as environmental protection policies have become increasingly strict, the prevention and control of plastic pollution has been further strengthened.
R2: Plastic tableware and other plastic products are closely related to residents’ daily diet and life health. Therefore, many countries or regions around the world have established strict quality standards for related products. The quality and performance of products directly affect consumers’ experience, which in turn affects the market recognition and sales of related products. The manufacturing process threshold for plastic tableware is relatively low, but if it wants to meet the needs of large multinational chain restaurant groups, large supermarket customers and large brand distributors, it must achieve extremely high levels of product performance and long-term quality stability. standards. Therefore, in order to strictly control the quality of related products, customers such as internationally renowned chain restaurants have formulated a set of strict selection standards for suppliers in terms of production process management, quality system certification, product quality, safety and environmental protection, technology research and development strength, production capacity, etc.
R3: The production process of daily plastic products is relatively mature, and the advancement of equipment and molds is a key factor affecting the quality of the final product. Advanced production equipment such as automated injection molding production lines, high-speed injection molding machines, etc. can greatly improve production efficiency, but require a large amount of upfront investment and are difficult to maintain. They have certain requirements on the technical and financial capabilities of manufacturers. At the same time, the accuracy and design capabilities of molds are important evaluation criteria for product customization capabilities, which requires companies to have good R&D and design capabilities, and there is a high threshold for new manufacturers.
R4: Plastic tableware and other daily plastic products are widely used by residents around the world. Large plastic product manufacturing companies participate in global competition and can reasonably distribute production capacity in different regions around the world, establish complete sales channels, and accumulate a large number of well-known downstream customers, such as large multinational restaurant chains. Groups and multinational supermarket chains. In addition to the technical and quality advantages of their products, large plastic product manufacturing companies also have global production capacity, marketing channels and market networks that can quickly respond to customer needs and reduce product costs, thereby acquiring global customer resources. New entrants to the industry do not have global production capacity, marketing channels and market networks, and will not be able to enter relevant markets and acquire large and well-known customers in the short time.
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