Food Buckets Market: Overview

The food service industry has witnessed enormous changes. The trend of customized packaging and growing food delivery service market has led to production of different packaging types for various food products. Food buckets have witnessed high popularity in recent years due to changing consumption habits of consumers. Consumers are now looking for such food packaging options in which different food products can be kept together. Food buckets are made from either paper or plastic and are available in various sizes. Small food buckets are suitable for single-serve food products, such as popcorns, fried chicken or other such products. Large food buckets are ideal for families, parties and value meals. They add value to meals by providing easy handling. Food buckets are suitable for both hot and cold food items. The market for food buckets is anticipated witness positive outlook during the forecast period.

Food Buckets Market: Dynamics

The food buckets market is growing against the backdrop of changing serving practices of food service outlets. The major advantage of using food buckets is that the outer surface of these food buckets offer sufficient space for branding and promotions. Food buckets are primarily used to enhance brand image and are great for merchandising. Also, food buckets provide an easy way to consume food. These factors are expected to fuel the growth of the food buckets market during the forecast period. Food buckets are mainly used for serving food products, including popcorn, fried chicken, biscuits and others such products which are ready to consume. The growing trend of popcorn buckets in theatres is expected to drive the growth of food buckets in the region. Food buckets are not just used by quick service outlets but can also be used for domestic purposes. Apart from ready to consume food items, food buckets are also used to store food for specific periods of time. Currently, food buckets made from paper are gaining traction due to their recyclable and environment-friendly nature. Besides, an additional lid can be applied on top of food buckets to facilitate easy transportation of meals. These factors are anticipated to propel the growth of the global food buckets market during the next decade. Nowadays, food service outlets are employing plastic-free packaging products to serve food to their customers. For instance, KFC, a fast food chain, has collaborated with International Paper Foodservice Europe to develop paperboard food buckets which are free from plastic. This factor is expected to further fuel the market growth of food buckets during the next decade.

Food Buckets Market: Segmentation

Globally, the Food Buckets market has been segmented on the basis of material type, capacity, end use and region.

On the basis of material type, the global food buckets market has been segmented as:

  • Plastic
    • Polypropylene
    • Polyethylene
    • Others
  • Paper

On the basis of capacity, the global food buckets market has been segmented as:

  • Less than 3 lb
  • 3 lb to 5 lb
  • 5 lb to 7 lb
  • 7 lb & above

On the basis of end use, the global food buckets market has been segmented as:

  • Food Services
  • Household
  • Others

Regional Outlook

In the U.S. and Canada, the market for food buckets is projected to witness positive growth. This can be attributed to growing demand for fast food and on-the-go food options in the region. Also, rising demand from millennial in the U.S. will also drive market growth. Countries, such as India and China, are also expected to create market opportunities in the global food buckets market. Germany, France, the U.K. and other countries will drive demand for food buckets for ready-to-go meals. The global food buckets market is expected to witness favourable growth during the next decade.

Food Buckets Market: Key Players

Some of the leading players operating in the global food buckets market are:

  • International Paper Foodservice Europe
  • Affordable Buckets, LLC
  • Westgate Products, Ltd.
  • Letica Corporation
  • Balaji Industries
  • Prompt International
  • Hofmann Plastics, Inc.
  • The Cary Company

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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