Industry Background:
An insulated lunch box defines as a thermally insulated container which helps in maintaining the temperature of its contents and keeps the hot items hot and cold items cold. The lunch box is basically made up of vacuum layer and an insulating layer which is used to block thermal transmission and keep the food as it is fresh. It has three types of layers that act as a barrier against change in temperature. All these three types of layers help for maintaining the temperature of food for a longer period of time. Due to rising consciousness about health and hygiene, propelling the use of insulated lunch boxes there is an increrasing demand in the market for the insulation lunch boxes.
According to AMA Research, the market for Insulation Lunch Boxes is expected to register a CAGR of 9.2% during the forecast period to 2030. This growth is primarily driven by Rising consciousness about health and hygiene, propelling the use of insulated lunch boxes
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K unit |
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 LOCK&LOCK (South Korea), Koolatron (Canada), Zojirushi (Japan), TAYAMA (United States), Hot Logic (United States), THERMOS (United States), Tiger Corporation (Japan), Pacific Market International (The Netherlands), Haers (China) and TAFUCO (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:
In August 2019, S'well announced the release of new vacuum-insulated food containers. To keep food hot or cold for extended periods of time, the containers are constructed of food-grade stainless steel and triple-layer insulation.
In January 2019, A new line of insulated lunchboxes for youngsters was unveiled by Hydro Flask. In addition to having optimal insulation to keep food cold for an extended amount of time, this lunch box boasts a kid-friendly design.Key players are adopting multiple strategies which include product innovation, and merger and acquisition, as the insulated lunch box market is highly fragmented due to the presence of a large number of local as well as regional players.
Influencing Trend:
Technological advancements related to the product material
Market Growth Drivers:
Rising consciousness about health and hygiene, propelling the use of insulated lunch boxes and Increasing number of working people and school going students
Challenges:
Unaffordable for the poor class due to the high cost associated with the product
Restraints:
Availability of electric lunch box and plastic containers
Opportunities:
Opting the insulated lunch box to carry home cooked food during trips, treks, and long journeys
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 Insulation Lunch Boxes 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 Insulation Lunch Boxes 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 Insulation Lunch Boxes 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, Insulation Lunch Boxes Study Sheds Light on
The Insulation Lunch Boxes Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Insulation Lunch Boxes industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Insulation Lunch Boxes 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.