Industry Background:
Disposable food bundling comprises disposable products frequently found in fast food eateries, takeout restaurants and kiosks, and catering establishments. Food-serving items for picnics & parties are very similar. Typical disposable foodservice products are foam food containers, plates, and bowls, glasses, utensils, doilies & plate papers. These products can be made from a number of materials including plastics, paper, cornstarch, wood and bamboo. These are easy to carry boxes & with the change in the lifestyle have become very popular around the globe. The food remains secure of any leakage and its disposal after utilization is very convenient as well. The increase in the use of disposable meal box is really helpful in preventing the food borne infections as they are disposed after one usage, thus these meal boxes lead to reduction in contamination of food & spread of any related diseases.This growth is primarily driven by Increase in Take Away Restaurants
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Huhtamaki (Finland), Graphic Packaging (United States), Hefty (United States), Solia (France), Natural Tableware (United States), TrueChoicePack Corporation(Headquarter), CKF Inc (Canada), Letica (United States), Eco-Products (United States) and Taizhou Fuling Plastics (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 24 May 2021, Graphic Packaging Holding Company, announced today about its successful partnership with International Paper Company. It enables Company to serve a broad set of global customers with new & innovative packaging solutions.
In Sep 2021 DSL is excited to announce the upcoming deployment of our new company-wide Enterprise Resource Planning (ERP) system, IFS Cloud. This powerful, best-in-class ERP supports our long-term growth strategy and commitment to excellence. In due time, it will enable DSL to improve our support and technological offerings to you, our customers. Over the past year, our team has been busy preparing us to launch, which we’re excited to announce will occur Monday, October 3rd!The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new updated enhanced product, which is likely to encourage the growth of the global market throughout the forecast period.
Influencing Trend:
Changing Working Hours and Living Pattern of the Individuals and Growing Advancement in the Food Packaging Technology Owing to the Use of Antimicrobial Packaging Technique
Market Growth Drivers:
Increase in Take Away Restaurants, Helps in Reducing the Operation Costs in Restaurants, Canteens, and Food Kiosks and Changing Trends Towards Processed Food
Challenges:
Fluctuating Prices of Raw Material
Restraints:
Higher Cost of Raw Material, Plastic Which is Non-Biodegradable Material and Availability of Substitute
Opportunities:
Untapped Market of Developing Countries and New Product Launches and R&D Amongst Major Key Players
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Disposable Meal Box Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Disposable Meal Box Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Disposable Meal Box players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Disposable Meal Box Study Sheds Light on
The Disposable Meal Box Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Disposable Meal Box industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Disposable Meal Box industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.