About Lunch Box
A lunch container is a transportable container that holds meals and drink for consumption later. The time period "lunchbox" or its shortened form, "box," may additionally refer to both the kind of container used or the act of packing one's lunch in such containers. It is oftentimes made of steel or plastic, is moderately hermetic and frequently has a deal with for carrying.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lunch Box market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bourbon Corp. (France), Haribo GmbH and Co. K.G. (Germany), Hershey Co. (United States), Arcor (Argentina), United Confectionary Manufacturers (Russia), Crown Confectionery Co. Ltd. (Korea), Monbento France), Glasslock (United States) and Lotte Confectionery Co. Ltd. (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Yildiz Holding (Turkey), Orion Corp. (Finland), Walmart (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Lunch Box market by and Region.
On the basis of geography, the market of Lunch Box has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Number of Containers, the sub-segment i.e. 1 - 3 Containers will boost the Lunch Box market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-users, the sub-segment i.e. Students will boost the Lunch Box market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets/Hypermarkets will boost the Lunch Box market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless Steel will boost the Lunch Box market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements
Market Growth Drivers:
Rapidly Changing Consumer Preferences towards Homemade Food
Challenges:
Growing Intense Competition among Market Players
Restraints:
No Plastic is Safe for Use and Easy Availability of Counterlift
Opportunities:
Increasing Demand for Electric lunch boxes
Market Leaders and their expansionary development strategies
In June 2022, Lunchbox, the modern ordering system built to grow online revenue for restaurants announced that it has entered into a definitive agreement to acquire NovaDine, an enterprise digital ordering provider for multi-unit restaurant chains. As Lunchbox accelerates geographic growth across the country, this is the first of many steps in the company's plans to invest in new technologies for restaurants.
In April 2023, Lunchbox, the enterprise online ordering system that's platformed national and regional QSR brands such as Papa Gino's, Clean Juice, Wings Over and Walk-On's Sports Bistreaux, has announced the launch of OPEN Payments, an innovative solution that enables restaurants to supply their own payment processor and leverage best-in-class processing through their point of sale system.
Key Target Audience
Distributors and Suppliers of Lunch Box, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.