The global sales of hinged deli containers are estimated to be worth USD 3.2 billion in 2021 and are anticipated to reach a value of USD 4.7 billion by 2031. Sales are projected to rise at a CAGR of 3.9% over the forecast period between 2021 and 2031. The revenue generated by hinged deli containers in 2020 was USD 3.1 billion.
Hinged deli containers market drivers involve growing demand for convenient, on-the-go food solutions throughout the food service and retail industries. The increasing use of takeout and delivery services increases demands put on strong and secure formats of packaging, which are able to preserve freshness and avoid leakage.
Innovations related to container design, like improvements in sealing and stackability, mean a boost in functionality and appeal. Growth in the market is also driven by the rising concern for sustainability and adaptation of eco-friendly materials, as consumers and firms are seen to switch to recyclable and biodegradable alternatives.
This is further supported by the extension of prepared meal offerings and the trend for healthy, on-the-go eating. Improvement in production technologies and evolution in food packaging trends contribute to the growth of the market.
Global Hinged Deli Containers Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 3.1 billion |
| Estimated Size, 2021 | USD 3.2 billion |
| Projected Size, 2031 | USD 4.7 billion |
| Value-based CAGR (2021 to 2031) | 3.9% |
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The key drivers of deli containers firms are the rising demand for RTE (Ready to Eat) food which includes frozen foods, RTE convenience meals, snacks, cake mixes, desserts and others. This demand encourages players to enhance the production of the containers.
Furthermore, it is very easy to packed food in these containers and very convenient to carry and transport the meals, which is another factor that driving the demand for the deli containers during the forecast period in the global market.
There are multiple factors affecting the demand for the hinged deli container. First and foremost, these containers provide better heat-proofing which helps in keeping the meal hot for a longer time. For instance, the person who likes to travel or who have a travelling job prefer this container for carrying meals during the journey.
Passengers enjoy hot and tasty food during the journey and not need to worry about the extra luggage for caring empty containers while returning back, because deli containers are single-use containers. Also, this container provides a better tamper-evident feature by using the lid on it as compared to other types of traditional containers.
Furthermore, this container also provides better visibility which helps in identifying food and gives better appeal to the food product. It is very easy for the food packing service company to deliver food in these transparent containers which reduce the chances of mix up of the containers or the wrong delivery.
Also, the deli containers are airtight which helps in reducing the spillage of food items. And that’s why there is a good opportunity in front of players to expand their penetration in the moist weather areas. These are some factors that raise the sales of the hinged deli containers.
Principal Consultant
The inclusion of people of the USA and Canada towards the nanotechnology in convenience meal manufacturing has been playing an important role in developing critical functions such as preservation procedure, finished goods processing and packaging method. This trend is playing a main role in the rising usage of deli containers for packaged eating products during the forecast period.
Furthermore, the increasing demand for a chicken burger, beef sandwiches and hot dogs in the USA and Canada because of the changing lifestyles, the growing popularity of quick-service and trend of the takeaway, is expected to rise the demand for deli containers in the USA and Canada market.
Many countries in the EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities.
However, the deli container market is not much affected by the outbreak, because the online ordering of the food is the best option for those customers who want social distanced service than the normal dine-in hotels or restaurants. To provide better service to the foodie’s owner of the restaurants and cafes uses this container for the packing of the food.
Furthermore, the rising inclination of flexible packing in the nutrition and food industry due to exhibiting splendid features such as good heat insulation, moisture barrier resistance, and aroma retention are raising the demand for deli containers in the market of Europe.
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The key players emphasize product advancement because new product improvement helps the manufacturers to increase their brand penetration and gain a competitive advantage over other brands in the market. Some of the leading manufacturers and suppliers of deli containers include
The market is constantly expanding, and new competitors enter the market on a daily basis. As a result of the increased rivalry in the market, the company must come up with a distinctive solution to boost their market presence and attract customers.
Well-Known brands like Dart Container Corporation, Darnel Group and Genpak LLC are the prominent players in the market and try to manufacture products that satisfy the expected need of the customer.
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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Hinged Deli Containers Market
