Insulated Food Container Market Scope
Insulator Food containers are the container which is used to store, preserve and transport foods for a long lifetime. These containers should be strong enough to ensure that the food contained in the package is not contaminated, leaked or spoiled. Insulator Food container provides the quality of food without any loss of nutrients and preserves them from heat. By storing food products at room temperature may result in bacteria or fungal growth, which can cause food poisoning. Such risks can be avoided by using insulated food containers. High demands of consumers for packaged and processed quality food are in turn affecting the demands for food containers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Cambro Foodservice Equipment and Supplies (United States), Carlisle FoodService Products (United States), Newell Brands (United States), Zojirushi America Corporation (United States), Stanley (United States), Kuuk (Netherlands), Thermos L.L.C. (United States) and Hamilton Housewares Pvt. Ltd.(India) |
CAGR | 5.9% |
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 shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Insulated Food Container market throughout the predicted period.
Cambro Foodservice Equipment and Supplies (United States), Carlisle FoodService Products (United States), Newell Brands (United States), Zojirushi America Corporation (United States), Stanley (United States), Kuuk (Netherlands), Thermos L.L.C. (United States) and Hamilton Housewares Pvt. Ltd.(India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Insulated Food Container market by Type , by Application (Hypermarket, Supermarket, Online and Others) and Region with country level break-up.
On the basis of geography, the market of Insulated Food Container 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2022, Japanese multinational corporation Mitsui and food container manufacturer, FP Corporation (FPCO) acquired Lee Soon Seng Plastic Industries (LSSPI). LSSPI serves food manufacturers and packaging distributors in Malaysia, Singapore, the Philippines and other countries in South-East Asia, as well as Australia. The acquisition will cover the entire manufacturing process, from product designing and moulding to delivery of the finished products of FP Corporation.
In September 2020, Ecovessel a manufacturer of insulated stainless steel products announced merger with U-Konserve, a reusable food storage brand based out of Sausalito, California. The merger brings both companies together to offer customers a full line-up of ‘zero-waste’ reusable drinkware and food storage containers and accessories. The companies will share supply chain, warehousing, marketing, and distribution networks and look to expand our retail partnerships and new product launch.
Influencing Trend:
Adapting Usage of Plastic and Stainless Steel in Insulated Food Containers
Market Growth Drivers:
Increasing Production and Consumption of Temperature-Sensitive Goods, Increasing Urban Population and Increasing Food and Beverages Industries World Widely
Challenges:
Stringent Government Rules & Regulations
Restraints:
High Cost of Insulated Food Containers
Opportunities:
Rapidly Growing Online Retail Sector in Both Developed And Developing Sector and Increasing Adoption of Insulated Food Container in Developing Nations
Key Target Audience
Manufacturer, Suppliers & Distributors, Potential Investors, New Entrants and Others