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Global Online Food Delivery Packaging Market to Witness Robust Growth During 2020-2025, Spurred by the Advent of Biodegradable Product Variants

According to the latest report by IMARC Group, titled "Online Food Delivery Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global online food delivery packaging market size grew at a CAGR of 9.6% during 2014-2019. Online food delivery packaging plays a crucial role in transporting food items to their desired location with proper handling and preservation. These packaging solutions ensure that the taste and quality of the packed food remain intact. Their use also prevents spillage or spoilage of the products while retaining their original shape and appearance. They protect the food from external influences and damage by providing barrier protection against exposure. Their use ensures convenient delivery with improved traceability. Apart from being used for branding and advertising, these packaging solutions can also provide the users with detailed information regarding the ingredients and the nutritional value of the food. Some of the most common types of packaging include cups, boxes, wraps, boxes and bags.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Online Food Delivery Packaging Market Trends:

The market is primarily driven by the growing popularity of online food delivery portals across the globe. Shifting dietary preferences of the masses, along with the inflating per capita disposable incomes, have catalyzed the demand for high-quality food delivery packaging. Along with this, there has also been a significant increase in the preference for online food delivery services due to the hectic lifestyles led by working professionals, coupled with the attractive offers and promotions provided by these portals. Furthermore, numerous manufacturers are continually investing in research and development (R&D) to improve the functionality of food delivery packaging solutions. They are continually launching anti-microbial packaging materials that preserve the quality of the packed food efficiently. They are also introducing lightweight packaging solutions in the market that facilitate convenient handling and reducing transportation costs. In addition to this, numerous vendors are promoting the use of innovative and eco-friendly packaging solutions that are biodegradable in nature. This has led to the widespread popularity of plant-based plastic packaging among end users. These solutions use natural raw materials, such as corn, bamboo, wheat, bagasse and wood pulp, for manufacturing high-quality plates, cups, bowls and containers. Some of the other factors contributing to the market include the escalating popularity of single-serve meals on online portals and the rapid expansion of the food retail sector. On account of the aforementioned factors, the market is expected to witness double-digit growth during 2020-2025.

Market Summary:

  • On the basis of the product type, the market has been divided into containers, plates, bowls, cups and others.
  • Based on the material, the market has been classified into plastic {Polyethylene Terephthalate (PET), Poly lactic Acid (PLA), Polypropylene (PP) and Polystyrene (PS)}, paper and paperboard, aluminum, and others.
  • On the geographical front, the market has been segmented into Asia Pacific, North America, Europe and the rest of the world.
  • The competitive landscape of the industry has been examined in the report with the detailed profiles of the key player. Some of these players include Dart Container Corporation, Koch Industries, Inc., Pactiv LLC, D&W Fine Pack, LLC, Gold Plast SPA, Anchor Packaging Inc., Huhtamäki Oyj, Berry Global Group, Inc., Graphic Packaging Holding Company, Novolex, Be Green Packaging, and Genpak, LLC.

 

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