Asia-Pacific Food Storage Container Market, By Material (Paperboard, Metal, Glass, Plastic and Others), Product (Bottles and jars, cans, Cups and Tubs, boxes and others), Packaging Type (Rigid packaging, Semi-rigid packaging and Flexible packaging), Application (Grain Mill Products, Dairy Goods, Fruits and Vegetables, Bakery Products and Others) - Industry Trends and Forecast to 2029.
Market Analysis and Size
Food Container Market size is expected to rise significantly over the forecast period, due to the increasing interest in developing smart and biodegradable food packaging materials globally. Moreover, fast urbanization and a significant change away from traditional staples to managing packaged foods will also significantly expand the industry's growth.
Data Bridge Market Research analyses that the food storage container market was valued at USD 58032.08 million in 2021 and is expected to reach USD 83161.37 million by 2029, registering a CAGR of 4.6% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Market Definition
A food storage container contains food at room temperature, in the refrigerator or in the freezer. There are various options available for storing food in any of these manners. Various factors must be considered before choosing the type of container to use. Consider the kind of storage (room temperature, refrigerated or frozen), the food being stored, storage length and space of storage. The container can be a plastic container, plastic bag or glass container.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019-2014)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Paperboard, Metal, Glass, Plastic and Others), Product (Bottles and jars, cans, Cups and Tubs, boxes and others), Packaging Type (Rigid packaging, Semi-rigid packaging and Flexible packaging), Application (Grain Mill Products, Dairy Goods, Fruits and Vegetables, Bakery Products and Others)
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Countries Covered
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Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
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Market Players Covered
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Tupperware (US), Amcor plc (Switzerland), LocknLock Co.(South Korea), Thermos L.L.C. (US), Freshware (US), EMSA GmbH (Germany), Silgan Containers (US), LINDAR Corporation (US), Detmold Group (Australia), OXO (US), NuWave, LLC (US), Newell Brands (US), Berry global Inc. (US), Plastipak Holdings, Inc. (US), Ball Corporation (US) , Novolex (US), Ardagh Group S.A (Europe), Sonoco Products Company (US), Tetra Laval S.A (Switzerland)
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Market Opportunities
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Food Storage Container Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Focus is being placed on food container innovation and aesthetics
Food manufacturers are more attentive to food container innovation and aesthetics, which stimulates manufacturers to deliver their products in a diversity of creative food packaging, which is expected to drive market growth in the coming future.
- Maintaining food quality through innovative methods
Rising demand for maintaining food quality with the help of innovative methods. Food containers preserve food products fresh and allow them to transport safely great distances from their point of production. The requirement for food containers has improved as a result of growing populations, urbanization and changing lifestyles.
- Increasing number of government initiatives for spreading consumer awareness
Government regulations restraining greenhouse gas emissions in the food and beverage industry are expected to raise demand for sustainable packaging. These are the major drivers which increase the market growth.
- Environmentally friendly food containers
Now people become more conscious about environmental issues. They are demanding for manufacture more eco-friendly food containers. Furthermore, as individuals become more health-conscious, this is a major factor driving the growth of the food container industry.
Opportunities
- Maintaining food quality
Food containers preserve food products fresh and allow them to transport securely. The necessity for food containers has improved as a result of increasing urbanization, populations and changing lifestyles. Additionally, government manage greenhouse gas emissions in the food and beverage industry are expected to rise demand for ecological packaging, Thus, this factor is creating profitable opportunities for the development of the food container market during the forecast period.
- Demand For Meat And Fish Products
Increasing urbanization, populations, and changing lifestyles increase the demand for meat and fish in markets, increasing the demand for food storage containers. Meat and fish need more preservation that’s why the necessity of innovative food storage container increases.
Restraints/ Challenges
If food is stored in low-quality containers, it becomes polluted. The food contamination will occur when food is stored in containers for long period of time. This will change consumer tastes and this is major problem for food container market players. As a result, food container market players must manufacture high quality, airtight, leak-proof, and creative products with an attractive form. Thus, low quality of materials is an enormous challenge for the growth of the food container market during the forecast period.
This food storage container market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food storage container market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Food Storage Container Market
COVID-19 has affected the lives of the people in the worst way. Now, everyone has to deal with financial crises. This pandemic has pushed the economies into forced recession. COVID 19 has affected the normal employed and businessman due to the shutdown of manufacturing units, but it had less affected on food container market due to rising awareness regarding hygiene factors in food factories and packaged industries and also due to increasing government measures.
Recent Development
- In March 2020, Shanghai Fosun Pharmaceutical Group Co. partnered with BioNTech to develop and market the mRNA shot in China and made an advance payment of EUR 250 million (USD 300 million) for an average of 50 million doses. The German vaccine producer would supply no more than 100 million doses for China by 2021.
- In April 2020, Bacardi also declared to produce 70,000 litters of hand sanitizers which help to ease the spread of the coronavirus pandemic. The company has initiated the production of hand sanitizers at its co-packing facility in Telangana.
Asia-Pacific Food Storage Container Market Scope
The food storage container market is segmented on the basis of materials, products, packaging type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Materials
- Paperboard
- Metal
- Glass
- Plastic
- Others
Products
- Bottles and jars
- Cans
- Cups and Tubs
- Boxes
- Others
Packaging Type
- Rigid packaging
- Semi-rigid packaging
- Flexible packaging
Application
- Grain Mill Products
- Dairy Goods
- Fruits and Vegetables
- Bakery Products
- Others
Food Storage Container Market Regional Analysis/Insights
The food storage container market is analyzed and market size insights and trends are provided by country, materials, products, packaging and application as referenced above.
The countries covered in the food storage container market report are Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific.
China leading the way to production and consumption of recyclable food storage containers. Due to the ease of producing re-usable food storage containers, China leads the Asia-Pacific market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Storage Container Market Share Analysis
The food storage container market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food storage container market.
Some of the major players operating in the food storage container market are:
- Tupperware (US)
- Amcor plc (Switzerland)
- LocknLock Co.(South Korea)
- Thermos LLC. (US)
- Freshware (US)
- EMSA GmbH (Germany)
- Silgan Containers (US)
- LINDAR Corporation (US)
- Detmold Group (Australia)
- OXO (US)
- NuWave, LLC (US)
- Newell Brands (US)
- Berry Asia-Pacific Inc. (US)
- Plastipak Holdings, Inc. (US)
- Ball Corporation (US)
- Novolex (US)
- Ardagh S.A (Europe)
- Sonoco Products Company (US)
- Tetra Laval S.A (Switzerland)
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