Fast Food Containers Market Report

Due to the increase in food delivery platforms, the fast food market is predicted to grow in size. This food delivery platform is looking for a convenient solution where they prefer features like leakproof, maintaining food quantity in transportation, etc. According to the National Library of Medicine, the annual growth in online food delivery is expected to grow by 25%–30% and will reach US$ 223.7 billion by 2025. Where the economy for platforms in India is expected to be US$ 30 billion by 2025.

Also, it is noticed that there were more than 48 million users of online food delivery in the US, which is expected to grow to 70 million in 2024. The option of a food container is considered the best option for on-the-go food consumption, where the consumer can consume the food immediately after the purchase while traveling from one place to another. According to the reports of the CBI Ministry of Foreign Affairs countries such as the Netherlands, the United Kingdom, and Germany, people have less time to sit and have their meals. It is also seen that approximately one-fourth of the consumers have their breakfast in less than 5 minutes, which boosts the sale of snack products and boosts the sale of on-the-go and convenience food across Europe. It is said that in Europe, snacking is no longer the optional extra but the definitive occasion.

In the United States, various questions have been asked regarding the safety of the packaging. The United States being a developed country raises questions about where it directly targets the containers where food is stored. Recently, the US found out that plastic containers can generate some kind of bacteria, yeast, etc., which can contribute to food contamination. After the risk to health and safety, plastic containers contribute to environmental pollution as well. Plastic packaging is not biodegradable and remains in the environment for hundreds of years. This is also responsible for the deaths of countless marine animals that mistake it for food. The next challenge that needs to be tackled by the manufacturers is the alternatives that are present in the market. Alternatives such as biodegradable wraps and reusable containers have been used and promoted due to their durability. Though the cost of this alternative is high, still various people consider it an eco-friendly option. According to a survey done by Accenture, considering 6,000 consumers from 11 countries, it comes to the conclusion that 72% of respondents are ready to buy eco-friendly products at a high price to save the environment.

In January 2022, Smurfit Kappa extended came up with a new innovative and sustainable solution for fast food. The new fresh post food box developed by the company kept food safe and preserved the aroma and taste. This product had the potential to transform the takeaway food packaging sector as it was a sustainable alternative to the single-use plastic solution. In May 2022, Crown Holdings, Inc. published data regarding their efforts to increase metal recycling rates in all leading markets. They had set the target of achieving 70% recycling rates in the United States and 80% recycling rates in Europe, the Middle East, and Africa. They were working with Every Can Count (ECC), which promoted metal container recyclability. Their efforts might have helped the fast food container market to move towards sustainability and flourish in the coming years.

North America can be seen as an emerging market due to its fast-paced lifestyle, and also according to the report provided by the Economic Research Service, U.S. Department of Agriculture, U.S. consumer, even after high inflation, will spend a major chunk of their income on food in 2022. This was 3.4% more compared to 2021. According to this data, there will be a further rise in customer spending on food, which makes North America a promising market. In the Asia-Pacific region, especially in India, the growth for manufacturing containers is expected to grow as the containers are made from paper and paperboard, which are easily available in India at lower cost. Also, according to the Indian Paper Manufacturers Association (IPMA), the Indian paper industry accounts for 5% of the total world production of paper. Also, the annual turnover for the paper and paperboard market is expected to be US$ 9.0 billion in annual turnover. China, which ranks 9th in the fast food consumption ranking, where 41% of the total population has fast food at least once a week, shows a positive sign for the fast food container market.