Sandwich Containers Market: Competitive Landscape and Growth Analysis, 2022-2032
The global sandwich containers market is anticipated to create an absolute dollar opportunity over the assessment period by registering a CAGR of 9.6% from 2022 to 2032. The global market is expected to be valued at US$ 12.5 Billion in 2022 and reach US$ 17.2 Billion in 2032. The growth of the market is attributed to the increasing demand for transparent packaging from consumers to look clearly into the content present inside is a major factor that is estimated to drive the sales of sandwich containers shortly. Various marketers are expected to attract more consumers by developing state-of-the-art sandwich containers.
Sandwich containers are known for their highly innovative performance packaging type. These provide an external environment as well as tampering protection. These have several benefits, such as high shelf life of sandwiches, improved safety, and easy-to-carry properties. Furthermore, the quality of food remains fresh for a longer duration of time attributed to the appropriate size of the containers. These containers are known to sustain the quality of sandwiches with the usage of the right material.
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Sandwich containers also assist manufacturers in providing authentic information regarding the ingredients in order to ensure customer satisfaction. Some of the top manufacturers are anticipated to print instructions or messages about how the containers should be disposed of, recycled, or used on this type of packaging. The trend of on-the-go snacking among people, especially in developed countries is likely to propel the demand for sandwich containers in the evaluation period.
Report Highlights-
The drastic shift in consumers towards healthy and nutritious food items is anticipated to boost market growth over the evaluation period. Health-conscious consumers are nowadays preferring clear food packaging with every ingredient mentioned on them. Thus, numerous companies in the food sector are set to develop attractive sandwich containers to surge their sales.
Recent Developments-
The rising demand for standard-sized containers from hotels, institutions, and restaurants is estimated to bode well for the market. The rapid development of paper-based containers owing to the increasing concerns regarding several environmental issues among people is another factor that is likely to fuel the market.
Since manufacturers are rapidly focusing on highlighting their products on retail shelves, they are extensively utilizing transparent packaging. In order to get a transparent look, they are employing plastic films around the containers. As to some manufacturers, plastic is capable of increasing the shelf life of sandwiches for up to 3 days. However, stringent laws regulating the usage of plastic in various parts of the globe may hamper the sales of sandwich containers made of plastic films, especially in developing countries.
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Competitive Landscape
Some of the key manufacturers in the global sandwich containers market are comprised of
· Schur Flexibles Holding GesmbH,
· Eco-Products, Inc.,
· A & K Ecofilm Ltd.,
· Constantia Flexibles Group GmbH,
· Sabert Corporation,
· Amcor Plc,
· Genpak, LLC,
· Anchor Packaging Inc.,
· Klöckner Pentaplast Group,
· GM Packaging, and
· Clondalkin Group, Inc.
· among others.
Owing to the presence of prominent manufacturers in the local, regional, and global demographic is making the market fiercely competitive. The majority of the leading players in the market are striving to expand their product portfolios by launching new sandwich containers in different formats, shapes, and sizes. The competition among these manufacturers is mainly based on multiple parameters, including sustainability, quality, corporate reputation, price, product range, and recyclability.
Key Segments Profiled in the Sandwich Containers Industry Survey-
By Material Type:
- Metal
- Plastic
- Poly Lactic Acid (PLA)
- Polypropylene (PP)
- Polyethylene (PE)
- Paper
- Recycled Paper
- Kraft Paper
By Lid Type:
- Lidded
- Hinged
By Distribution Channel:
- E-commerce/Online Retail
- Manufacturers
- Convenience Stores
- Distributors
- Retailers
- Hypermarkets
- Supermarkets
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More Insights into the Sandwich Containers Market
The North American region is anticipated to dominate the global sandwich containers market over the evaluation period. Developed countries like the U.S. and Canada are projected to drive the North American sandwich containers market. The increasing implementation of stringent norms by the U.S. FDA to prevent the usage of plastic packaging is expected to compel manufacturers to develop sustainable containers.
The rising number of hypermarkets and supermarkets in North America is another vital factor that is anticipated to drive growth in the market. Furthermore, the presence of various reputed packaging manufacturers across this region is also set to fuel the market.
The increasing number of restaurants and cafes within emerging economies such as China and India is predicted to auger well for the Asia Pacific sandwich containers market share in the upcoming years.
According to the India Brand Equity Foundation (IBEF), the Fast-moving Consumer Goods (FMCG) industry is considered to be the fourth-largest sector in India. The urban segment accounts for nearly 55% of the revenue share in this sector. This trend is predicted to continue in the country in the future, thereby driving market growth.
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