Global Food Storage Container Market, By Material (Paperboard, Metal, Glass, Plastic, Others), Product (Bottles and Jars, Cans, Bag, Cups and Tubs, Boxes, Others), Packaging Type (Rigid, Semi-rigid, Flexible), Application (Grain Mill Products, Dairy Goods, Fruits and Vegetables, Bakery Products, Meat Products, Candy and Confections, Others) - Industry Trends and Forecast to 2031.
Food Storage Container Market Analysis and Size
Nowadays, awareness regarding sustainability issues and environmental challenges related to food packaging is growing rapidly, which positively influences the growth of the food storage container market. Moreover, the growing focus of manufacturers on aesthetics and innovation of the food containers is significantly attracting food manufacturers to provide their products in different innovative food packaging, which, in turn, is likely to increase the market growth in the upcoming period.
Data Bridge Market Research analyzes that the global food storage container market is expected to reach USD 237.64 billion by 2031, which is USD 165.83 billion in 2023, registering a CAGR of 4.6% during the forecast period of 2024 to 2031. The "plastic" segment, categorized by type, dominates the market due to the widespread use of plastic containers, driven by their affordability, versatility, and lightweight nature, making them a popular choice for consumers and businesses alike. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Food Storage Container Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Material (Paperboard, Metal, Glass, Plastic, Others), Product (Bottles and Jars, Cans, Bag, Cups and Tubs, Boxes, Others), Packaging Type (Rigid, Semi-rigid, Flexible), Application (Grain Mill Products, Dairy Goods, Fruits and Vegetables, Bakery Products, Meat Products, Candy and Confections, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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The Clorox Company (U.S.), Tupperware (U.S.), Newell Brands (U.S.), Amcor plc (Switzerland), LocknLock Co. (South Korea), Molded Fiber Glass Company (U.S.), Prepara (U.S.), Thermos L.L.C. (U.S.), Freshware (U.S.), Oneida (U.S.)., Glasslock (U.S.), Vremi (U.S.), Vtopmart (U.S.), EMSA GmbH (Germany), Silgan Containers (U.S.), Lindar Corp. (U.S.), Detmold Group (Australia), Pactiv L.L.C. (U.S.), OXO (U.S.)
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Market Opportunities
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Market Definition.
A food storage container stores food products in the freezer or refrigerator at room temperature. Various options are available for storing food products, such as bottles and jars, cans, bags, cups and tubs, and boxes. Before choosing the right type of container, numerous factors must be taken into consideration. Considering the kind of storage, such as storage at room temperature, refrigerated, or frozen, the length of storage, the type of food, and the amount of storage space.
Global Food Storage Container Dynamics
Drivers
- Increasing usage of the bag for food storage
A bag is a flexible thin paper or plastic container for storing, carrying, and holding products. Various pouches, including twin pouches, gussets, corner spouts, stand-up pouches, flat pouches, and many others, are used as food storage containers. All these pouches are used for the packaging of eatable products depending on the various properties it offers. Therefore, increasing the usage of the bag for food storage is expected to propel the market growth.
- Growing demand for a food storage container to maintain food quality
One of the primary factors likely to drive market growth is the increasing demand for maintaining food quality. Food storage containers keep food products fresh and also maintain the quality of the food products. Furthermore, by keeping food in food storage containers, the consumers will help keep the food fresh than leaving them in other boxes. As a result, the demand for food storage containers increases, boosting market growth.
Opportunities
- Growth and expansion of the e-commerce sector
The e-commerce sector has grown significantly over the last few years. As per the United Nations Conference on Trade and Development report, global e-commerce sales were worth USD 25.6 trillion in 2018, with the U.S., China, and Japan accounting for the three major e-commerce markets globally. In the U.S., the e-commerce sector registered an enormous jump of 44 percent, almost tripling the 15 percent increase registered in 2019. With the growth and expansion of e-commerce, the increasing sales of food products online further surge the demand for the food storage container. This will create ample opportunities for market growth.
- Increasing shift towards environmentally packaging products
As the world continues to fight the effects of weather change, consumers are changing their preferences to encourage more environmentally friendly and sustainable packaging products. As a result, major market players' goal is to shift their packaging materials to fulfill the requirements of the consumers. Furthermore, Generation Z is willing to pay more for environmentally packaged products such as eco-friendly food storage containers, which is another factor that is expected to generate ample opportunities within the market over the forecast period.
Restraints/ Challenges
- Increasing chances of food contamination
The increasing chances of food contamination are expected to hamper the market's growth during the forecast period. The major reason for food contamination is the usage of food containers produced by cheaper quality materials. This will likely obstruct the growth of the market.
- High cost associated with food storage container
The high cost of high-grade/quality food storage containers is expected to hamper the market growth during the forecast period. High-grade food storage container is costly because it sets the standard for leak-proof food storage and has one of the superior quality products on the global market. High-grade food storage containers can last years without warping, staining, or breaking down. As a result of these factors, the cost of the food storage container is high, restraining market growth
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.
Recent Developments
- In 2021, Plastipak announced its recycling investment at its Toledo, Spain plant, aiming to convert P.E.T. flakes into food-grade recycled pellets. These pellets are considered for direct use in new food containers. This plant would manufacture nearly 20,000 tons of food-grade pellets yearly and produce them from the summer of 2022
- In 2021, Berry Superfos, a business unit of Berry Global, revealed a new sustainable CombiLight packaging pot for food producers. This modern and advanced resource-efficient food packaging solution would help remove plastic content by 60 percent compared to similar solutions
Global 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
- Bags
- Cups and Tubs
- Boxes
- Others
Packaging Type
- Rigid
- Semi-rigid
- Flexible
Application
- Grain Mill Products
- Dairy Goods
- Fruits and Vegetables
- Bakery Products
- Meat Products
- Candy and Confections
- Others
Global 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 type, and application as referenced above.
The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.
Asia-Pacific is expected to dominate the market due to the rising demand for food storage containers in this region. Furthermore, China is leading the Asia-Pacific food storage container market due to the large production and consumption of recyclable food storage containers, further boosting the market growth in this region.
North America is expected to be the fastest developing region during the forecast period due to the growth and development in the e-commerce sector in this region. Moreover, increasing demand for re-usable food storage containers in the retail sector will further increase the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 global 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.
The food storage container also provides you with detailed market analysis for every country growth in expenditure for capital equipment, installed base of different kind of products for food storage container market, impact of technology using life line curves and changes in regulatory scenarios and their impact on the food storage container market. The data is available for historic period 2010-2020.
Competitive Landscape and Global 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, global 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:
- The Clorox Company (U.S.)
- Tupperware (U.S.)
- Newell Brands (U.S.)
- Amcor plc (Switzerland)
- LocknLock Co. (South Korea)
- Molded Fiber Glass Company (U.S.)
- Prepara (U.S.)
- Thermos L.L.C. (U.S.)
- Freshware (U.S.)
- Oneida (U.S.)
- Glasslock (U.S.)
- Vremi (U.S.)
- Vtopmart (U.S.)
- EMSA GmbH (Germany)
- Silgan Containers (U.S.)
- Lindar Corp. (U.S.)
- Detmold Group (Australia)
- Pactiv L.L.C. (U.S.)
- OXO (U.S.)
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