Growing preference for takeaway and ready-to-eat food is evidential for the rapidly changing consumer eating habits, ultimately demanding more convenient, as well as cost effective means of food packaging, which in turn is expected to act as a driver for the grab and go containers market. Grab and go containers are both lightweight and are designed to hold both hot and cold food, which is expected to fuel the growth of the market.
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Grab and go containers are generally single-use and can be recyclable, and are made with materials like plastic, which reduce the chances of food contamination. Moreover, their production is more cost effective as compared to non-disposable ones, as a result of which, more foodservice providers and consumers prefer grab and go containers.
Grab and Go Containers Market: Dynamics
In recent time there has been a significant increase in the demand for on-the-go food. The possible reason can be increased the traveling time, as a consequence people prefer food packed in grab and go containers. Moreover, increase in people ordering food online is escalating the demand for grab and go containers. Increased consumption of fast food such as sandwiches, burgers, and fries are directly contributing to the growth of the grab and go containers.
Increasing awareness of people regarding health and hygiene is continuously driving the market. People prefer packaged food as compared to unpackaged open food. Changing consumer lifestyle, growing urban population, as well as changing eating habits across geographies have transformed the food delivery system.
Consumers in a fast-pace environment are shifting their focus to on-the-go food items, these factors are expected to drive the growth of grab and go containers market.
Health concerns and growing awareness among the consumers has led to an increased awareness related to hygienic food packaging across the globe. The grab and go containers are made of plastics, styrofoam and even paper consists of inner lining made up of polystyrene rendering leak proof property to the product.
The food packaged in polystyrene foam cups & bowls causes leaching of the styrene into the food which ultimately ends up in the human body upon consumption which may cause health-related issues to consumers. All these factors could hamper grab and go containers market in the coming years.
Grab and Go Containers Market: Regional Outlook
Geographically grab and go containers can be classified as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa. Asia Pacific is anticipated to generate highest revenue in the grab and go containers market. This can be attributed to the growing population and rising demand from grab and go containers market. North America and Europe are anticipated to have positive potential in the grab and go containers market during the forecast period.
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Grab and Go Containers Market: Key Players
Some of the key players in the grab and go containers are as follows:
- Genpak LLC
- Eco-Products Inc.
- Anchor Packaging LLC
- Sterilite Corporation
Grab and Go Containers Market: Key Developments
The grab and go containers market have undergone acquisitions in the last few years. The ultimate aim is to tap into the potential of growing markets and cater to consumers with different needs, thereby extending the product portfolio. Some of the key developments in the grab and go containers market are as follow:
- On 15 April 2016, Newell Brands, parent company of Eco-Products Inc. completed the acquisition of the Jarden group.
Grab and Go Containers Market: Regional Analysis Includes –
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
Grab and Go Containers Market: Segmentation
On the basis of product type, global grab and go containers market can be segmented as:
- Deli Containers
On the basis of materials, global grab and go containers market can be segmented as:
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On the basis of end use, global grab and go containers market can be segmented as:
- Food service Outlets
- Educational Institutes
- Corporate Offices
- Healthcare Facilities
- B2C (Retail)
- Convenience Stores
- Others (Specialty Stores, etc.)
- A detailed overview of parent market
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