US Food Storage Container Market Size 2024-2028

The US  food storage container market size is estimated to grow by USD 2.33 billion at a CAGR of 3.3% between 2023 and 2028. The food storage container market is witnessing significant growth due to several key trends and factors. One of the primary drivers is the increasing preference for durable and lightweight containers, which cater to the demand for convenient and portable food storage solutions. Another trend influencing the market is the growing importance of sustainable containers, as consumers become more environmentally conscious and seek eco-friendly alternatives in Food containers to traditional plastic containers. However, concerns regarding health and environmental safety continue to pose challenges for the market, as regulations and consumer awareness around the use of certain materials, such as BPA and phthalates, increase. Overall, the market is expected to grow steadily, driven by these trends and the ongoing demand for efficient and safe food storage solutions.

What will be the size of the US Food Storage Container Market  

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The ongoing Russia Ukraine war has affected the supply chain of diversified metals and mining. With the high fluctuation in prices and limited supply of products, the demand for diversified metals and mining is expected to decline moderately in 2023. In addition, Europe is highly dependent on Russian energy sources, such as metals, coal, and crude oil. The ongoing sanctions on Russia have destabilized the demand supply curve for diversified metals and mining that are used in the abovementioned industries.

Market Dynamics

The food container market is a significant segment of the food packaging industry, catering to the storage and preservation needs of various packaged food products, including ready-to-eat (RTE) meals, frozen meals, snacks, desserts, and packaged goods. The market utilizes various materials such as paperboard, metal, glass, plastic, bottles and jars, cans, bags, cups and tubs, and boxes for food containers. The choice of packaging type depends on factors like food output, transportation, and storage requirements. For instance, metal and glass containers offer durability and preservation for hot and cold food items, while plastic containers are preferred for their lightweight and cost-effective nature. Environmental issues and aesthetics are essential considerations in the food container market. Sustainable materials like biodegradable plastics and reusable containers are gaining popularity.

Additionally, the increasing number of double-income households in metropolitan areas and the growing demand for convenience food have boosted the market's growth. Food quality and shelf life are crucial factors influencing the selection of food containers. The materials used should ensure the food's preservation while maintaining its taste, texture, and nutritional value. The food container market is expected to continue its growth trajectory due to the increasing demand for packaged food products and the need for convenient, portable, and long-lasting food storage solutions.

Key Market Driver

Growing preference for durable and lightweight containers is the key factor driving the growth of the market. An increase in the number of supermarkets and hypermarkets offering fresh produce will have a positive impact on market growth. Therefore, the top market players strive to maintain the brand image and value of their products. In addition, the growth of organized retail is changing consumer shopping behavior. As a result, market players are developing new formats, sizes, and shapes to meet enduser needs.

Furthermore, some players also offer polycarbonate containers that are colored to allow users to see what's inside. Manufacturers seek to provide the hospitality industry with innovative, durable, and quality products. Hence, a growing preference for durable and lightweight products will drive the growth of the market during the forecast period.

Significant Market Trends

An increase in demand for glass containers is the primary trend in the market. Glass products are more durable and can store food longer than other food items. Glass items are also used to store food at room temperature,  keeping food fresh longer. Many end users prefer specially designed glass vessels for freezing and reheating.

Moreover, glass products are resistant to stains and peeling, and the food stored inside does not retain the taste or smell. Improved shape glass items are manufactured to be shatterresistant, but endusers should be careful when handling such containers. Therefore, increasing demand for glass products will drive the growth of the market during the forecast period. 

Major Market Challenge

Environmental issues and regulatory requirements is a challenge that affects the growth of the market. Most endusers prefer plastic food items mainly due to their low cost and high durability. However, given the current US  food storage products market scenario, many food service operators face significant costs in addressing environmental concerns related to harmful chemicals found in plastics.

Besides, the polymer molecules present in these plastic items migrate into the food. Polymer molecules affect the quality of food, so eating food causes serious damage. In some cases, plastics can decompose, releasing monomers and other chemicals that can be a health hazard. Therefore, environmental issues and regulatory requirements will impede the growth of the market during the forecast period.

Market Segmentation By Type

End-user Analysis

The eateries and restaurants segment is estimated to witness significant growth during the market forecasting period. The market in the US is driven by the demand from eateries and restaurants, which utilize these containers to preserve leftover food, semi-prepared items, and certain perishable raw materials. These containers help reduce food wastage, with an estimated 22-33 billion pounds of food being wasted annually in the US foodservice industry. Materials used in food storage containers include paperboard, metal, glass, plastic, and various packaging types such as bottles and jars, cans, bags, cups and tubs, and boxes. Rigid containers like boxes are suitable for grain mill products, dairy goods, and bakery products, while semirigid and flexible containers are ideal for dairy goods, fruits and vegetables, meat products, candy and confections, ecommerce, and ready-to-eat (RTE) meals, frozen meals, snacks, and desserts. 

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The eateries and restaurants segment was the largest segment and was valued at USD 8.02 billion in 2018. The choice of material depends on factors like food quality, food contamination, and environmental impact. Aesthetics also play a role, as food output in metropolitan areas, catering to double-incidome households and single-person households, demands visually appealing packaging. The plastic segment is expected to dominate the food storage container market due to its versatility and cost-effectiveness. However, environmental concerns and regulations may influence the market dynamics in the future.

Who are the Major US Food Storage Container Market Companies?

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.

• Sonoco Products Co.: The company offers food storage containers such as costeffective metal containers with lids.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• ARD Finance S.A.
• Berry Global Inc.
• Cambro Manufacturing Co.
• Carlisle Companies Inc.
• Container Supply Co. Inc.
• Coveris Management GmbH
• LocknLock Co.
• Newell Brands Inc.
• Novolex
• Plastipak Holdings Inc.
• Polytainers Inc.
• Quality Carriers
• Sealed Air Corp.
• Silgan Holdings Inc.
• The Vollrath Co. LLC
• Tupperware Brands Corp.
• United States Plastic Corp.
• Weener Plastics Group BV
• Amcor Plc

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.

Market Customer Landscape

The market research report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It focuses on adoption rates across various regions, determined by penetration levels. Additionally, the report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.

Market Customer Landscape

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Type Outlook 
  • Round
  • Square
  • Rectangle

• Enduser Outlook 
  • Restaurants
  • Catering
  • Hotels
  • Bars

Market Analyst Overview

The food container market caters to the demand for packaging solutions for various food products, including grain mill products, dairy goods, fruits and vegetables, bakery products, meat products, candy and confections, ready-to-eat (RTE) meals, frozen meals, snacks, and desserts. The market uses various materials such as paperboard, metal, glass, plastic, bottles and jars, cans, bags, cups and tubs, and boxes for food storage and transportation. The packaging type can be rigid, semirigid, or flexible. The plastic segment dominates the market due to its low cost, lightweight, and versatility. However, environmental issues and food contamination concerns are driving the demand for eco-friendly and safe packaging solutions. Food quality, food output, and food safety are key factors influencing the choice of packaging type. The market is driven by the increasing number of double-income households, single-person households, e-commerce, and metropolitan areas, leading to a higher demand for packaged food products. Aesthetics also play a role in the market, with consumers preferring attractive and convenient packaging. The environmental impact of food containers is a growing concern, with the industry focusing on reducing waste and using sustainable materials.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market's competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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