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The food storage container market size is forecast to increase by USD 10 billion at a CAGR of 2.58% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing preference for durable and lightweight containers that ensure the freshness and longevity of various food items, including fruits and vegetables, meat products, and beverages in bottles, jars, bags, cups, tubs, and semi-rigid containers. Sustainability is another crucial trend, with consumers showing a growing interest in eco-friendly and reusable containers to minimize waste and reduce their carbon footprint. Furthermore, the importance of health and environmental safety is a major concern, leading to the demand for containers made from food-grade materials that are free from harmful chemicals and toxins. These factors are expected to shape the future of the market.
The market is witnessing significant growth due to the increasing consumption of convenience food and changing lifestyles. With busy schedules becoming the norm, consumers are looking for convenient and easy-to-use food storage solutions. Plastic containers, glass containers, metal containers, paperboard, bottles, jars, bags, cups, tubs, and various types of pouches are popular choices in the market. Semi-rigid containers, such as plastic and metal, offer advantages like durability and stackability, making them ideal for dairy goods. However, sustainability issues are a concern, leading to an increase in demand for eco-friendly alternatives like glass and paperboard containers. Lightweight nature, portability, and convenience are key factors driving the popularity of twin pouches, gussets, corner spouts, stand-up pouches, and flat pouches. The rising trend among Generation Z towards healthier food choices and food contamination concerns are also influencing the market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The plastic segment is estimated to witness significant growth during the forecast period. Plastic food storage containers have gained significant popularity in the market due to their versatility, affordability, and convenience. These containers are widely used for storing various food items, including fruits and vegetables, meat products, and other perishable goods. The lightweight nature of plastic containers makes them an ideal choice for everyday use, as they are easy to carry, stack, and store. Moreover, they are shatterproof, reducing the risk of breakage and subsequent food wastage, which is a common issue with glass containers. The market offers a diverse range of plastic containers in different shapes, sizes, and styles. Reusable containers with locking mechanisms are popular for preserving leftovers, while disposable containers are commonly used for food delivery or takeout.
Further, plastic bottles, jars, bags, cups, and tubs are some of the common types of plastic containers used for food storage. The increasing demand for convenient and portable food storage solutions, coupled with the rising trend of meal prepping and meal kit services, is expected to drive the growth of this market in the coming years.
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The plastic segment accounted for USD 30.70 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia Pacific (APAC) region is characterized by a high degree of fragmentation due to the presence of a multitude of small and large companies. This market competition is primarily based on the quality of the containers offered, as customer loyalty is a significant challenge in this industry. The heterogeneous nature of the market caters to various product categories, including wraps for fruits and vegetables, bottles, jars, bags, cups, and tubs for meat products and other food items. Changing consumer preferences towards convenience and sustainability are major growth drivers for the market in APAC. Consumers are increasingly seeking out eco-friendly and reusable storage solutions, which has led companies to focus on producing semi-rigid containers made from materials like glass, Tritan, and silicone.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing preference for durable and lightweight containers is the key driver of the market. The market has experienced significant growth due to increasing urbanization and changing food consumption patterns. In 2023, approximately 83.3% of the US population lived in urban areas, leading to an increase in spending on food at food service establishments. This trend, coupled with the rise in the number of supermarkets and hypermarkets offering fresh food, has positively influenced market growth. To maintain brand image and value, top companies in the market are focusing on various packaging solutions such as cans, rigid containers, and flexible containers like pouches and plastic bags. These containers ensure the freshness and nutrition of food, thereby enhancing food quality. The growth of e-commerce and online food sales has further boosted the demand for food storage containers, making them a necessary household item.
The growing importance of sustainable containers is the upcoming trend in the market. Consumers prioritize food storage containers that ensure the freshness and nutrition of food while maintaining food quality. companies are responding to this demand by investing in research and development of eco-friendly and sustainable containers. Rigid containers made of recyclable materials, such as glass and metal, and flexible containers like biodegradable pouches, are gaining popularity. Innovative technologies are being employed to create versatile materials that are both durable and temperature-resistant, suitable for insulated storage containers.
However, the trend towards sustainable food storage solutions and stringent environmental regulations may curb the growth of conventional plastic containers, particularly in developed countries, as many of these containers are made from non-recyclable materials. The food industry's shift towards online sales through e-commerce platforms and the increasing number of online food sales further fuel the demand for food-grade containers that can maintain the quality and freshness of food during transportation and storage.
Issues regarding health and environmental safety is a key challenge affecting the market growth. Food storage containers play a crucial role in maintaining the freshness and nutrition of packaged food products. The market for food storage containers includes various types of containers such as cans, rigid containers, and flexible containers like pouches and plastic bags. Rigid containers offer better food quality by preventing air and moisture intrusion, while flexible containers provide convenience for storing and transporting food items. However, the use of certain additives in the manufacturing of plastic containers can pose health risks. These additives, which are added to enhance durability and other properties, can migrate into food substances, potentially contaminating them.
Further, in the US, manufacturers are required to comply with regulations set by the Food and Drug Administration (FDA) and the US Department of Agriculture to ensure food safety. E-commerce and online food sales have increased the demand for food storage containers, making it a growing market.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Accent-Fairchild Group - The company offers food storage container under its division Accent Home Products.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing consumption of convenience food, driven by changing lifestyles and busy schedules. Plastic, glass, metal, paperboard, and other types of containers, including boxes, clamshells, cans, bottles, jars, bags, cups, tubs, and semi-rigid containers, are widely used to store various food items such as fruits and vegetables, meat products, dairy goods, bakery products, and grain mill products. The market is also influenced by the visual appeal, freshness preservation, portability, and quick meals requirements of consumers. The rise of e-commerce and online food sales is another key factor driving the market's growth.
Further, rigid and flexible containers, including plastic bags, pouches, wraps, and bottles, are popular choices due to their freshness and nutrition preservation capabilities. The market is also influenced by sustainability issues and environmental challenges, leading to the development of eco-friendly and high-grade food packaging solutions. Affordability, versatility, lightweight nature, and aesthetics are other essential factors shaping the market. The market caters to various food categories, including generation Z's preferences for food contamination-free and high-grade containers.
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Market Scope |
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Report Coverage |
Details |
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Page number |
161 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.58% |
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Market growth 2024-2028 |
USD 10 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
2.44 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 42% |
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Key countries |
US, China, India, Germany, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Accent-Fairchild Group, Amcor Plc, Anchor Glass Container Corp., Berry Global Inc., Crown Holdings Inc., Graham Packaging Co. LP, Graphic Packaging Holding Co., Hamilton Housewares Pvt. Ltd., Newell Brands Inc., Nilkamal Ltd., O I Glass Inc., Pactiv Evergreen Inc., Plastipak Holdings Inc., Printpack Inc., RING Container Technologies, S.C. Johnson and Son Inc., Shantou Mandun Plastic Co. Ltd., Sonoco Products Co., Sterilite Corp., and Tupperware Brands Corp. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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