The global Insulated Food Containers Market is projected to touch USD 2.1 billion by 2025, according to a new report by Million Insights. The market is projected to grow at a CAGR of 5.5% over the forecast duration. The growing demand for home-cooked and fresh food is driving market growth. As of 2018, over 60 % of the world population was employed in one form or the other. Insulated food containers are capable of maintaining the freshness of the food up to 6 hours, thus, becoming popular among the working population.
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Market Synopsis of Insulated Food Containers Market:
Hypermarket & supermarket
accounted for over 45% of the market share, 2018. Easy availability of a
variety of products and consumer willingness to physically check the product
before making a purchasing decision are supplementing the online sales. The
online sales channel is projected to grow fastest owing to increasing e-commerce
platforms and the growing trend of multi-retailing.
Among different regions, Asia
Pacific is likely to exhibit the highest CAGR throughout the forecast years.
Growing working population owing to rapidly increasing IT, manufacturing and
construction industries in countries such as China and India is attributing to
the growth of this region. Nearly 68% of the population in Asia Pacific is
employed as of 2018. Among these working groups, fresh food consumption is a
trend and they mostly rely on home-cooked food, thus, proliferating growth of
the insulated food containers market.
Major companies in the market are
Huhtamaki, Cambro, Stanley, Valor Industries, Zojirushi America Corporation,
Carlisle, TokyoPlast, Hamilton Housewares Pvt Ltd, American Aerogel and Thermos
LLC. These players are emphasizing on the introduction of the product with
innovative design to gain the larger market share. For example, in 2017, Avon
Appliances introduced stainless steel made food containers in capacity ranging
from 14 to 40 liters.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-insulated-food-containers-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Insulated Food
Containers: Market Variables, Trends & Scope
Chapter 4 Insulated Food
Containers: Product Estimates & Trend Analysis
Chapter 5 Insulated Food
Containers: Application Estimates & Trend Analysis
Chapter 6 Insulated Food
Containers: End-use Estimates & Trend Analysis
Chapter 7 Insulated Food
Containers: Industrial End-use Estimates & Trend Analysis
Chapter 8 Insulated Food
Containers: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Insulated Food
Containers: Manufacturers Company Profiles
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