Food container market worth USD 212.47 billion by 2030,
New York, November 30, 2021 (GLOBE NEWSWIRE) – Food Storage Containers Market Overview: According to a comprehensive research report by Future Market Research (MRFR), “Food Storage Container Market Research report, information: by type, by material (plastic, paper, metal, glass), by product (bag, pouch, containers), by application (fruits and vegetables, meat products, sweets and confectionery) – Forecast until 2030 “, the market is expected to be worth USD 212.47 billion by 2030, registering a CAGR of 5.16% during the forecast period (2022 to 2030)., the market was valued at USD 148.31 billion in 2021.
List of Companies Presented in Food Storage Containers Market Research Report are:
- Tupperware Brands Company
- Amcor Company and Bemis Inc.
- Newell brands
- Hamilton Housewares Pvt. Ltd.
- Lock & Lock Co. Ltd
- Ball company
- Constar International Inc. (Plastipak Holdings Inc.)
- Emballages associés inc.
- Anchor Glass Container Corporation
- Berry Global Inc.
- Graphic Packaging International Inc.
- Crown Holdings Inc.
- Graham Packaging Company
- ACCO brands
- Avery Dennison Company
- Among others.
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Future’s Review Market Research for Food Storage Containers Market
The global food storage container market is a continuously growing space. Food storage containers play a vital role in improving the safety and maintaining the quality of food by preventing the growth of microorganisms. Therefore, they are widely used for storing food products in order to avoid waste, keeping them in good condition. The development of innovative food storage containers propels the market size. The increasing uses of food storage containers are driving the growth of the market, creating huge demand. In addition, changing lifestyles and increasing purchasing power of consumers are increasing the size of the market.
Growing awareness of health and food waste issues, as well as delays in supply chains, are other factors that bolster market value, increasing adoption of food storage containers. In addition, substantial investments made to develop biodegradable and environmentally friendly materials with BPA free, microwave resistant / waterproof / stain resistant and airtight properties increase market revenues.
The development of the Commerce industry is a key factor promoting the growth of the market. Moreover, government initiatives to promote environmentally friendly materials are further boosting the growth of the global food storage container market. The demand for practical food storage solutions improving the shelf life of food is increasing the market demand.
Scope of the report:
|Report Attribute / Metric||Details|
|Market size||2030: $ 212.47 billion|
|TCCA||5.16% CAGR (2022-2030)|
|Year of reference||2021|
|Historical data||2019 & 2020|
|Forecast units||Value (million USD)|
|Cover of the report||Revenue forecasts, competitive landscape, growth factors and trends|
|Covered segments||Type, material, product and application|
|Geographical areas covered||North America, Europe, Asia-Pacific and Rest of the World (RoW)|
|Key suppliers||Amcor and Bemis company Inc., Tupperware Brands Corporation, Newell Brands, LOCK & LOCK Co., Ltd, Hamilton Housewares Pvt. Ltd, Ball Corporation, Constar International Constar International Inc. (Plastipak Holdings, Inc.), Anchor Glass Container Corporation, Associated Packaging, Inc., Berry Global Inc., Crown Holdings, Inc., Graphic Packaging International, Inc., Graham Packaging Company, Avery Dennison Corporation and ACCO Brands.|
|Key market opportunities||New product launches and R&D Among the main key players|
|Main market drivers||The growing demand for sustainable packaging products|
Browse the In-Depth (188 Pages) Food Storage Containers Market Research Report
Impacts of COVID-19
The outbreak of the coronavirus has severely affected the food storage container industry. Supply chain bottlenecks have influenced the decisions of container manufacturers. The widespread global pandemic has also put the plastics manufacturing sectors on the back burner, and the food storage container market has faced severe consequences. However, the good news is that the food storage container market is quickly returning to normal, with lockdown mandates gradually eased.
The analysis is segmented into types, materials, products, applications, and regions. The type segment is sub-segmented into rigid and flexible. The materials segment is sub-segmented into plastic, paper, metal, glass and others. The product segment is sub-segmented into bags, pouches, containers and others.
The application segment is sub-segmented into fruits and vegetables, meat products, sweets and confectionery, and others. By regions, the market is divided into Asia-Pacific, Americas, Europe, MEA, and rest of the world.
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The Asia-Pacific region dominates the global food storage container market. The rapidly evolving consumer goods (FMCG) sector is driving the growth of the market, consuming a large amount of food storage containers. In addition, food contact material regulations set by the governments of China, Australia, Malaysia, Singapore, Japan and India are increasing the size of the market.
Additionally, government restrictions on the import of recyclable plastics from other countries have opened up lucrative opportunities for local food packaging manufacturers, meeting the food industry’s recycled plastics requirements during the period. forecast.
In addition, the rapid awareness of growing environmental concerns and the emergence of recycled materials and environmentally friendly techniques for manufacturing food storage containers are accelerating market share.
The global food storage container market appears to be very competitive, characterized by the presence of several notable players. These players integrate strategies such as mergers and acquisitions, collaboration, expansion and technology / product launch to gain greater competitive advantage.
Recently on October 29, 2021, Rubbermaid, a leading provider of great organizational products, launched its food storage containers on Amazon. Rubbermaid’s BPA-Free Clear Plastic Case is third on Amazon’s list of best-selling food containers. The brand promises that containers with airtight lids and latch closures provide 100% waterproof functionality.
Market segmentation covered by research:
Food Storage Containers Market Research Report, Information: By Type, By Material (Plastic, Paper, Metal, Glass), By Product (Bag, Pouch, Containers), By Application (Fruits & Vegetables, Products) based on meat, sweets and confectionery) – Forecast until 2030
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