Growing Demand from HORECA Sector to Drive the Global Foam Food Container Market
Foam food containers are disposable containers used to store a variety of food and beverage items. Take-out food is typically served in foam food containers at restaurants or food shops.
Foam food containers are effective thermal insulators, which helps to keep food hot or cold for extended periods of time. Another advantage of foam food containers is that they may reduce condensation and keep food fresh. Furthermore, the excellent insulation of foam food containers makes them perfect for food storage and transportation.
In addition to holding the food, foam food containers aid to avoid spillage and leaking of liquid ingredients in the meal. Furthermore, due to environmental concerns about the use of foam goods, several nations have outlawed the use of Styrofoam in favor of biodegradable foam.
Foam food containers are typically used for ready-to-eat foods that must be consumed within 1-2 days. Foam food containers are mostly used in restaurants and food outlets for the packing of ready-to-eat foods such as burgers, sandwiches, hot dogs, and so on.
The Asia Pacific area accounts for roughly 48% of the worldwide market for foam containers. Following that, Europe is the second largest user of foam food containers, accounting for more than North America.
However, as emerging countries, India and China have an increasing demand for foam food containers. Other regions, such as Latin America and Africa, utilize foam food containers, and the need arises year after year.
Because of seafood exports and retaining freshness, the foam food containers market is expanding in seafood processing nations. The foam food containers market in Japan is predicted to expand, owing to factors such as the expanding seafood sector.
Key companies in the foam food container market may be divided into Tier 1, Tier 2, and Tier 3 categories.
Tier 1 companies include Genpak, LLC, Dart Container Corporation, Biopac India Corporation Ltd., Landaal Packaging Systems, Inc., Harwal Group of Companies, and others.
Great Northern Corporation, Megafoam Containers Enterprise Sdn Bhd, Republic Plastics, Ltd., Styrotech Corporation, Packaging Resources Inc., Beltec Sdn Bhd, Citi Pak LLC, and others are among the Tier 2 companies.
Reach Plastic Industrial Co., Ltd., Di Xiang Trading Co., Ltd., Bestern Industry And Trade Co., Ltd., Luheng Papers Company Ltd., Jeafer Foodservice Solutions Ltd., Industrial (Shenzhen) Co., Ltd., ZBR Packaging Materials Co., Ltd., and others are among the Tier 3 businesses.
Foam food container are disposable containers which are used for storing several food and beverages items. Foam food containers are mainly used for serving take-out food at restaurants or food outlets.
Foam food containers are good thermal insulators which helps in keeping the food hot or cold for a longer time. In addition, another advantage of foam food container is that it can eliminate condensation and helps the food to be fresh. Furthermore, high insulation of foam food container makes them ideal for storing and transporting of food.
Foam food container also helps in holding the food and prevent the spilling and leakage of liquid items in the food. Moreover, due to environmental issues related to the usage of foam products, many countries have banned the usage of Styrofoam and have started using biodegradable foam.
|
Data Points |
Key Statistics |
|
Estimated Value of Global Foam Food Container Market by 2022 |
US$ 300 Billion |
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Documented Market Value of Foam Food Container Market in 2032 |
US$ 650 Billion |
|
Estimated CAGR from 2022-2032 |
8% |
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Research methodology for foam food container market:
Exhibit 1 – Research Methodology
Foam food container are mainly used for ready to eat food products which need to be consumed within 1-2 days. Foam food containers are mainly used in restaurants and food outlets which are mainly used for packaging of ready to eat food like burgers, sandwiches, hot dog, etc.
Key players for foam food container market can be segmented based on Tier 1, Tier2 and Tier 3 based categories.
Tier 1 players: Genpak, LLC, Dart Container Corporation, Biopac India Corporation Ltd., Landaal Packaging Systems, Inc., Harwal Group of Companies, etc.
Tier 2 players: Great Northern Corporation, Megafoam Containers Enterprise Sdn Bhd, Republic Plastics, Ltd., Styrotech Corporation, Packaging Resources Inc., Beltec Sdn bhd, Citi Pak LLC, etc.
Tier 3 players: Reach Plastic Industrial Co., Ltd., Di Xiang Trading Co., Ltd., Bestern Industry And Trade Co., Ltd., Luheng Papers Company Ltd., Jeafer Foodservice Solutions Ltd., Industrial (Shenzhen) Co., Ltd., ZBR Packaging Materials Co., Ltd., etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The global foam food container market can be segmented by material type, product type, distribution channel, and by application. Pricing has been done based on material type segment in US$ million and the volume is considered in tonnes.
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