Global Insulated Food Container Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Insulated Food Container Market 2021 (Includes Business Impact of COVID-19)
Global Insulated Food Container Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global insulated food container market report has been segmented on the basis of product type, sales channel, and region.
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The global Insulated Food Container market size was valued at USD $1413.10 billion in 2020 and is projected to reach $2436.76 billion by 2030, and is anticipated to expand at a CAGR of 5.60% over the forecast period from 2020 to 2030.


Global Insulated Food Container Market: Overview


Insulated food containers are used to keep cold food ingredients cold and hot food items as hot. These containers are used to carry tiffin as well as to keep the food warm for a longer time. Insulated food containers are basically made up of two materials: stainless steel and plastic. These two materials aid to preserve taste, aroma, and warmness of the foodstuff stored within it for a longer period of time.


Global Insulated Food Container Market: Dynamics


Insulated food container market is expected to grow over the forecast period, owing to the benefit offered by the material of the container, which provides longer preserving time to the foodstuff stored in it. The rapid growth of the food and beverages industry and increasing awareness regarding avoiding contamination of the food is one of the key factor expected to fuel demand for insulated containers market. An increasing number of working population is one of the key factor projected to fuel the global insulated food containers market growth. In addition, the increasing disposable income of the population coupled with spending on utility products is another factor expected to propel growth of the target market. Increasing activities of manufacturers regarding the enhancement of products in terms of design and utility features are a factor expected to augment target market growth over the forecast period. Availability of insulated containers in various designs and multipurpose utilities is another factor expected to propel global market growth.

However, storing extremely hot beverages such as coffee, tea, and food in plastic material may lead to contamination of the food which is a factor expected to challenge target market growth. In addition, stringent compliances of the governments regarding usage of the plastic are one of the major factor anticipated to hamper growth of the global market over the forecast period. High fragmentation of the market is another factor expected to limit growth of the target market to a certain extent.


Global Insulated Food Container Market: Segment Analysis


Among product type segments, the plastic segment is projected to register substantial growth, owing to various benefits offered by it including durability, ability to store food conveniently, etc.

Among sales channel segments, the online segment is projected to account for a notable revenue share of the global market, attributable to several discounts offered by sellers to the consumers.


Global Insulated Food Container Market: Regional Analysis


Asia Pacific market for insulated food containers is expected to register substantial growth, owing to the increasing number of working population. In addition, rising demand for insulated containers among household in order to reheat the food is another factor projected to fuel target market growth in the region. Moreover, growing awareness regarding keeping food fresh by maintaining the proper temperature conditions and preserving nutrients of the food is another factor expected to fuel growth of the target market. Insulated food containers market in North America is expected to contribute significant revenue shares in the target market, owing to the high disposable income of the population coupled with spending on premium products. Markets in Latin America and Middle East & Africa are expected to register considerable growth over the forecast period.

Global Insulated Food Container Market Segmentation:

Segmentation by Product Type:

  
Plastics
  
Stainless Steel
  
Combination of Plastic and Steel

Segmentation by Sales Channel:

  
Supermarket
  
Hypermarket
  
Online


Key Market Players included in the report:


  
American Aerogel
  
Built NY
  
Cambro Foodservice Equipment and Supplies
  
Carlisle FoodService Products
  
Hamilton Housewares Pvt. Ltd.
  
Huhtamaki
  
Juvale
  
Kuukware
  
Newell Brands
  
STANLEY
  
Thermos L.L.C.
  
TokyoPlast
  
Tupperware
  
Valor Industries
  
Zojirushi America Corporation