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:
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
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
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