Exploring growth factors: Fast food reusable market in hotels, bakeries and fast food centers by 2033

Exploring growth factors: Fast food reusable market in hotels, bakeries and fast food centers by 2033

The Fast food reusable market is forecast to grow steadily at a compound annual growth rate (CAGR) of 9.0% from 2023 to 2033. By 2033, a market share worth $41.15 billion is expected, while the market value is estimated to be $17.41 billion in 2023.

  • Increased demand for reusable food serving products and government ban on certain materials due to environmental concerns are driving the market growth. In addition, improved product quality and more comfortable hand feel are also boosting the demand for reusable fast food products.
  • The reusable fast food products that reduce food waste, as well as reusable cardboard containers and food containers, are gaining popularity in the market. At the same time, governments are limiting the carbon footprint and promoting reusable fast food products to combat food waste.
  • These reusable fast food products offer high safety and hygiene as they are found to be easily washable and cleanable. The ongoing tests in various grocery stores to increase sustainability are expected to boost the upward trend of the market.
  • The global expansion of convenience stores, especially in emerging markets, is expected to add value to the market. The ban on disposable tableware in some parts of the world is also driving sales in the reusable fast food market.

Important points

  1. The US market leads the fast food reusable products market in terms of market share in North America. The US region had a market share of 10.0% in 2022. The growth in this region is due to food and beverage outlets experimenting with new sustainable and reusable solutions. The North America region had a total share of 19.0% in 2022.
  2. The German market is another important market in the Europe region. The market had a market share of 4.9% in 2022. The growth is due to the launch of new restaurants as well as the government’s efforts to make sustainable and climate-friendly products mainstream. The Europe region had a market share of 15.9% in 2022.
  3. India’s Fast food reusable The market is expected to flourish with a compound annual growth rate of 4.0% between 2023 and 2033. The growth is driven by the popular street food culture and high consumption of fast food.
  4. The Chinese market is also thriving with a compound annual growth rate of 7.0% during the forecast period. The thriving growth is due to high consumption, innovative ideas for food serving and packaging solutions.
  5. Based on application type, the vegetable segment is the market leader as it held a considerable share of 21.0% in 2022.
  6. Based on material type, the metal segment is the market leader as it held a remarkable market share of 23.5% in 2022.

Competitive environment

Major suppliers focus on affordable, lightweight and durable materials. Competitors also merge, acquire and cooperate with other companies to expand their supply chain and distribution channels.

  • Amcor Pty Ltd.
  • Sealed Air Corporation
  • BASF
  • WestRock Co.
  • Evergreen packaging
  • Rehrig Pacific Company
  • Swedbrand Groups
  • IPL plastics
  • Vetropack Investments
  • Protection GmbH & Co.
  • Tetra Pak
  • DS Smith
  • Graham packaging
  • Plastipak Holdings Incorporation

Current market developments

  • Amcor Pty Ltd. has made a $250,000 investment in its new smart, reusable food packaging start-up.
  • Sealed Air Corporation has launched reusable fast food containers made from different materials and with different layers.

Complete Market Overview: A Complete Report Analysis

Key segments covered

By material type:

After application:

  • Vegetables
  • fruit
  • Eggs & Meat
  • Juices
  • Miscellaneous

According to product outlook:

  • Bottles & Glasses
  • Cans
  • Cups
  • Boxes & Containers

By size:

By end-use industry:

  • Hotels
  • Fast food centers
  • Food chains
  • bakery
  • Miscellaneous

Key regions covered:

  • North America
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia-Pacific excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia-Pacific excluding Japan (APEJ)
  • The Middle East and Africa
    • GCC countries
    • Israel
    • South Africa
    • The Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award recipient and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that are driving demand in the market. FMI is the world’s leading provider of market intelligence, advisory services, consulting and events for the packaging, food and beverage, consumer technology, healthcare, industrial and chemical markets. With a huge team of around 400 analysts worldwide, FMI offers global, regional and local expertise on various domains and industry trends in more than 110 countries.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
Phone: +1-845-579-5705
For sales inquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedIn| Þjórsárdalur| Blog | YouTube

Leave a Reply

Your email address will not be published. Required fields are marked *