Chicken Bucket Global Market Report 2024

The global chicken bucket market has grown strongly in recent years. It will grow from $1.94 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth observed in the historical period can be attributed to various factors, including the evolution of the fast-food industry, changing consumer preferences towards convenience, effective marketing and promotional campaigns, menu diversification strategies, and economic factors influencing affordability. These elements collectively contributed to the expansion witnessed during that timeframe.

The global chicken bucket market is expected to see strong growth in the next few years. It will grow to $2.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecast period can be attributed to various factors, including the influence of health and wellness trends, the increasing prevalence of e-commerce and delivery services, a growing emphasis on sustainable packaging and practices, the trend towards cultural fusion and culinary diversity, and regulatory changes and nutrition labeling practices. Significant trends expected in the forecast period encompass the rise of plant-based alternatives, a focus on healthier preparation methods, the expansion of gourmet and artisanal offerings, the incorporation of cultural fusion and ethnic flavors, and an increasing emphasis on personalization and customization within the food industry. These trends collectively contribute to the projected growth in the upcoming period.

The chicken bucket market is poised for growth due to the rising demand for chicken in developing economies. Chicken is a popular meat choice, offering essential nutrients such as protein, niacin, selenium, and phosphorus. Its low-calorie content and high protein make it beneficial for weight loss and maintaining lean body mass. Chicken buckets, disposable packaging used for serving chicken and takeaway meals, are witnessing increased demand. In 2021, 460,159 metric tons of chicken meat, valued at approximately $864 million, were exported to Asian countries. China's chicken meat consumption was expected to reach 15.7 million metric tons in 2021, up 2% from the previous year, driven by factors like pork prices and COVID-19.

The growth of personal disposable income is a significant factor propelling the chicken bucket market. Personal disposable income, representing the amount available for spending or saving after deductions, influences consumer spending capacity. The chicken bucket market benefits from increased demand for convenient and ready-to-eat food options. In August 2023, disposable personal income in the US increased by $7.3 billion, contributing to the growth of the chicken bucket market.

Product innovations are a key trend in the chicken bucket market, with major companies introducing unique offerings to strengthen their market position. In November 2021, KFC launched a limited-edition Finger Lickin' Chicken Mitten Bucket Hugger, featuring a bucket made of a one-of-a-kind knitted sweater with a festive holiday design. Such innovations contribute to the appeal of chicken buckets and enhance the consumer experience.

Major companies are focusing on introducing innovative chicken buckets to gain a competitive edge. The Biryani Bucket, a flavorful offering from KFC India, blends aromatic biryani rice with signature KFC chicken pieces. Launched in March 2022, the Biryani Bucket caters to the Indian market's taste preferences and expands KFC's menu offerings. These innovations allow companies to stay ahead of the competition and meet changing consumer preferences.

In May 2021, Graphic Packaging, a US-based paperboard mills company, acquired the remaining shares of International Paper, becoming the sole owner. This acquisition strengthened Graphic Packaging's position in fiber-based consumer packaging across all three paperboard substrates. International Paper, specializing in renewable fiber-based packaging and pulp products, contributed to Graphic Packaging's presence in the market.

Major companies operating in the chicken bucket market report are Graphic Packaging International LLC, Huhtamäki Oyj, Dart Container Corporation, DJS Printers, Westgate Products Ltd., Anchor Packaging LLC, Pactiv Evergreen Inc., Hos Win Enterprise Co. Ltd., Hyper Pack Private Limited, Thoran Paper Products, Noor Carton & Packaging Industry, Detmold Group, Plus Paper Foodpac Ltd., Yesve Enterprises, Richoos General Trading LLC, Packaging Industries LLC, YoonPak Company, Paper Machinery Corporation, Southern Champion Tray, International Paper, Georgia-Pacific LLC, Novolex Holdings Inc., Berry Global Inc., Sabert Corporation, Genpak LLC, Sonoco Products Company, Reynolds Consumer Products, CKF Inc., Day Young Enterprises Inc., and KFC Corporation

North America was the largest region in the chicken bucket market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global chicken bucket market during the forecast period. The regions covered in the chicken bucket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chicken bucket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary materials used in the production of chicken buckets include paper, paperboard, and plastic. Paper and paperboard specifically refer to matted or felted sheets derived from plant fibers, which can include trees, recycled paper, or paperboard waste like corrugated boxes, newsprint, sacks, bags, and cartons. The capacities of chicken buckets typically range from less than 1.0 kg to 2.0 kg, 3.0 kg, and more than 3.0 kg. These buckets find application among food service establishments, institutional settings, and households, catering to diverse end-users seeking a convenient and disposable packaging solution for chicken and takeaway meals.

This report provides chicken bucket market statistics, including chicken bucket industry global market size, regional shares, competitors with chicken bucket market share, detailed chicken bucket market segments, market trends, and opportunities, and any further data you may need to thrive in the chicken bucket industry. This chicken bucket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The chicken bucket market consists of sales of buckets for chicken made from cardboard material. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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