Aug. 06, 2024
Global Lunch Box Market- Market Overview:
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The global Lunch Box market is expected to grow from USD 10.05 billion in to USD 16.76 billion by , at a CAGR of 6.8% % during the Projection period -. The market's growth is mainly driven by increasing demand for lunch boxes from school and college-going students.
A lunch box mainly refers to a small hand-held container, which is usually applicable for usage in the transportation of food to school or to work. These lunch boxes are made from plastic and other materials such as aluminum, stainless steel, glass, and silicon. Manufacturers and end-users significantly prefer good quality polypropylene plastic due to its features, including durability, microwave safety, dishwasher safety, and freezer safety. In addition, such lunch boxes are much more affordable and efficient in packing a big lunch with reduced extra weight than lunchboxes made of other materials.
Furthermore, there is the rising trend of insulated lunch boxes which contains an outer layer made of tough plastic fabrics such as nylon, vinyl, or polyester that are hard to tear or stain.
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Market Dynamics:
Drivers:
Consumption of lunchbox products is comparatively higher in schools and colleges as more students prefer home-cooked, highly nutritious, hygienic, fresh, and economical meals. In addition, the lunch box containers help students to avoid health problems or allergic reactions to a certain type of food as they carry their own lunch. Moreover, a large number of educational institutions across the globe are encouraging students to bring homemade lunches. All the factors mentioned above contribute to the growth of the global lunch box market.
There is an increase in outdoor activities such as picnics, camping, fishing, and others among all age groups. For instance, according to the Outdoor Industry Association, more than 53% of Americans aged 6 and over were involved in outdoor recreation activities at least once in . During such outdoor activities, most people mainly prefer home-cooked meals for consumption purposes.
Restraints:
In the lunch box industry, local vendors offer products with a price range tailored to be as reasonable and affordable as possible. Also, there is a wide availability of counterfeit products in the market. Such products are made of low-quality plastics that may impact users' health. Hence, the availability of counterfeit and inexpensive substitute products in the global lunch box industry hampers the market's growth to some extent.
Opportunities:
An electric lunch box warms food to a certain temperature and gives an impression of freshly prepared food. In addition, such lunch boxes are made of high-quality materials to keep meals warm for long periods. For instance, in February , Kobwa launched the KOBWA Multifunctional Electric Lunch Box, an innovative electric lunch box product series aimed at preserving fresh food for a longer period.
Such electric lunch boxes are seeing rapid adoption among frequent travelers and employees seeking solutions to keep their meals warm and relatively portable. This has created lucrative growth opportunities for the market.
Challenges
The global lunch box manufacturing industry has become extremely competitive due to the presence of regional and local players. This has made companies operating in the global industry compete for market share; however, new entrants are continuously entering into the market. Due to this competition, global market players are under pressure to reduce the prices of their products impacting their margins and profitability. This is a prominent challenge in the global lunch box market.
Segmentation Analysis:
The global Lunch Box market has been segmented based on material type, the number of containers, end-user, distribution channel, and regions.
By Material Type
The material type segment includes stainless steel, vinyl or polypropylene, glass, and others. The stainless-steel segment led the Lunch Box market with a market share of around 53.92% in . There is an increased preference for stainless steel manufacturing lunch boxes due to their non-reactiveness and non-toxicity to acidic foods. In addition, this metal is antibacterial and won't leach harmful chemicals into the food. Hence, the food safety and excellent break resistance properties of metals have driven mainly the growth of this segment.
By End-user
The end-user segment includes working professionals, students, and others. The working professionals segment led the lunch box market with a market share of around 46.21% in . Increasing employment in professional and business services has primarily boosted demand for lunch box products. Working professionals mainly prefer home-cooked food owing to the need for pocket-friendly, hygienic, nutritious, and fresh food.
By Distribution Channel
The distribution channel segment includes supermarkets, hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment led the Lunch Box market with a market share of around 46.20% in . The increased number of supermarkets and hypermarkets across all parts of the world is a major factor contributing to this segment's growth. This distribution channel provides convenient shopping experiences for consumers with many foods container items in a single place. For instance, as of January , there are 63,328 Supermarkets & Grocery Stores businesses across the U.S.
By Regional Analysis:
The regions analyzed for the Lunch Box market include North America, Europe, South America, Asia Pacific, and the Middle East, and Africa. Asia-Pacific region dominated the Lunch Box market and held the 39.08% share of the market revenue in .
Global Lunch Box Market- Country Analysis:
Germany's Lunch Box market size was valued at USD 1.11 billion in and is expected to reach USD 1.81 billion by , at a CAGR of 6.6% from to .
Germany is the largest market for food and beverages in the European Union. In addition, according to the European Commission, as of December , there were about 33.69 million people in this country were employed. This significance of the working population in the country creates demand for lunch boxes. In addition, according to the Deutsche Welle (DW), a German public, state-owned international broadcaster, there are more than 1.8 million people in the country studying across 350 universities and colleges. This growth in students further boosts the demand for lunch boxes.
China Lunch Box market size was valued at USD 2.01 billion in and is expected to reach USD 3.22 billion by , at a CAGR of 6.3% from to . The average food consumption per capita is continuously increasing in this country. Hence, this country's huge consumption of food products is projected to boost the growth of the Lunch Box market. In addition, according to UN data, this is the world's most populous country. Hence, the country's huge number of working professionals and school-going students has become a prominent factor contributing to the market growth.
India Lunch Box market size was valued at USD 0.40 billion in and is expected to reach USD 0.69 billion by , at a CAGR of 7.2% from to . India is one of the strongest growing economies in Asia. In addition, the emerging popularity of Lunch Box in this country is expected to create lucrative growth opportunities for the Lunch Box market.
The rising population mainly drives the market's growth in this country, along with an upsurge in the number of school-going children. For instance, according to UNICEF, there the Education System in India is one of the largest around the globe, with over 8.5 million teachers, 1.5 million schools, and 250 million children.
Key Industry Players Analysis:
To increase their market position in the global Lunch Box business, top companies are focusing on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, and partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute
Details
Study Period
-
Base year
CAGR (%)
6.8%
Market Size
10.05 billion in
Projection period
-
Projection unit
Value (USD)
Segments covered
Tongqi supply professional and honest service.
Material type, number of containers, end-user, distribution channel, and Regions
Report Scope
Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered
Pacific Market International, Tupperware, Hamilton Housewares Pvt Ltd., Lock&Lock, Pigeon, Cello World, Zojirushi America Corporation, Huhtamaki, American Aerogel, and Cambro Foodservice Equipment and Supplies among others
By Material Type
By Number of Containers
By End-user
By Distribution Channel
Regional scope
Scope of the Report
Global Lunch Box Market by Material Type:
Global Lunch Box Market by Number of Containers:
Global Lunch Box Market by End-user:
Global Lunch Box Market by Distribution Channel:
Global Lunch Box Market by Region:
Global Lunch Box market is USD 10.05 billion in and it is expected to reach USD 16.76 billion by , at a CAGR of 6.8% from to .
Leading market players active in the global Lunch Box market are Pacific Market International, Tupperware, Hamilton Housewares Pvt Ltd., Lock&Lock, Pigeon, Cello World, Zojirushi America Corporation, Huhtamaki, American Aerogel, and Cambro Foodservice Equipment and Supplies among others.
Increasing demand for lunch boxes from school and college-going students is primarily driving the growth of the lunch box market.
Supermarkets and hypermarkets segment led the Lunch Box market with a market share of around 46.2% in
global lunch box market has been segmented based on material type, number of containers, end-user, distribution channel, and region.
The regions analyzed for the Lunch Box market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa.
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Reader L has a question: what are our best tips for saving money on lunch? Even if you eat out all the time, there are still some smart money strategies&#;
Here's her question:
Could you perhaps do a post on bringing lunches to the office versus going out? I'm new to the 9-5 world, and eating out every day seems so expensive, but I don't really know how to pack a lunch that will last me the entire workday.
I don't want to keep snack food in my desk because I don't want to attract rodents, or eat mindlessly all day. It's also difficult to say no when new co-workers invite you along for a frozen yogurt or coffee run &#; it's adding up. How do you generally handle lunch during the work week?
We've talked about this a few times on this blog &#; how to eat to fuel your energy throughout the day, how to avoid gaining weight when you're eating out a lot for recruiting season, how to diet at the corporate gig, what to eat when you have no time to eat, and what foodstuffs I consider &#;office staples.&#; I don't think we've talked about it from a finances angle, though, so let's do that.
Let's start with the proposition that it is always going to be cheaper to bring your own meal from home. Healthier! Better! Et cetera, et cetera. I will also say that for those committed to couponing, cooking, and hunting out the best deals, inSANE insane deals can be had &#; this post on &#;Eating Well on One Dollar a Day&#; impressed me beyond end, for example.
But let's also assume that if you had the time and energy to make that healthy, low-cost lunch every morning, that you wouldn't be writing to us for advice.
That said &#; the easiest way to cut expenses is to focus on what you're drinking. (Warning: These prices are based on my experiences in Manhattan &#; in less crazed cities the prices will, hopefully, be far less.)
In Manhattan, a can of Diet Coke can cost anywhere from $1-$2.50. If you get one every day for lunch, for 50 weeks out of the year, you're spending at least $250 a year on soda at lunch. You could switch to tap water instead, or &#; if you're like me and need a caffeine boost in the middle of the day &#; you can buy your own soda to keep at the office.
Sometimes you can find the 12-can boxes on sale &#; two for $6 is the best I think I've seen &#; but even at the normal price of $5.99 per box, that's a far cheaper can of soda (about $.50), and you automatically save 50%.
Similarly, a love of specialty coffees like Frappuccinos can be an expensive habit &#; if it costs $4, and you drink it maybe 3x a week for 45 weeks of the year (just random numbers here) &#; that's $540. Switching to plain black coffee, or bringing your own coffee, makes it far less.
Understand where your money is going. For example, NYC is filled with choose-your-own-salad lunch spots, and adding a protein to salads often increases the price by $2 or more. So if you cook a batch of chicken over the weekend, or even just slice up deli meat to put on top of the salad, you're automatically decreasing the price.
Work your favorite spots. A lot of lunch places offer &#;rewards&#; cards &#; buy 10, get 1 free &#; that can add up to a significant discount over the long haul.
Look out for deals in the pre-dinner time from 3-6. For example, a lot of bakeries will offer a 50% discount on breads and pastries in that time period &#; I've even heard of frozen yogurt places doing the same. Just heading out with your friends at 3:30, rather than 2:30, could save you money.
Psst: hunting for stylish office lunch containers that are also eco-friendly? Some of our favorites (Sistema containers, Thermos food jars, and this classic bento) are pictured below &#; also check for cute lunch bags from Modern Picnic, Artelaris, Kate Spade, and Built NY! (If you're working from home, we love glass containers from Snapware and Anchor Hocking.)
Don't adopt an &#;all or nothing&#; attitude. Even bringing lunch once a week can help immensely with the expenses &#; if your average lunch out is $8, bringing it from home just one Monday a week for 50 weeks is a savings of $400.
Even the lazy cook can save. I see cans of soup marked to around $1.50 at the supermarket pretty often &#; stock up, those are great if you have access to a microwave at the office (and easy to grab as you're flying out the door in the morning). Similarly, a guilty pleasure of mine is a Lean Pocket (they do have whole grain ones, though!) &#; and when I see those on sale for around 2 for $5, I stock up.
With two Lean Pockets in each box, that's 4 different lunches (or at least hearty snacks) for about $1.25 each &#; not bad. And let's face it, I've known a zillion busy women who kept their offices stocked with a jar of peanut butter and a box of crackers &#; both for cost savings reasons, as well as the I'm-too-busy-to-eat syndrome.
Readers, what are your tips for saving money on lunch at work? Do you bring your own lunches to work, get smart about takeout, or do something else?
updated social media images (piggy bank) via Stencil. Original image (): It Was on Sale, originally uploaded to Flickr by Kimli.
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