INSULATED FOOD CONTAINER MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

Factors such as increasing workforce is fueling growth of the insulated food container market. Increasing number of working population is resulting in huge demand for healthy and fresh food at the workplace. Insulated food containers are used to keep the things stored in hot/cold condition for a longer duration. Moreover, good quality containers prevent foodborne illness, ensuring the safety of food. These factors are expected to increase the demand for insulated food containers over the forecast period.

Growing food and beverage industry, coupled with rising awareness associated with food contamination are some of the major factors that are expected to propel growth of the market over the forecast period. According to a report by Indian Brand Equity Foundation in December 2020, the Indian food processing industry accounts for 32 per cent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. 

Market Restraints

High cost associated with insulated food container is projected to hamper the market growth. However, technology advancements in the industry is expected to increase demand for insulated food container in the near future. Favourable growth of food and beverages industry across the globe creates a high growth opportunity for manufacturers in the insulated food container industry.