Food Storage Containers Market Size, Share, Growth, and Industry Analysis, By Type (Paperboard Food Containers, Plastic Food Containers, Metal Food Containers, and Glass Food Containers), By Application (Meat Products, Dairy Products, Bakery Products, Fruits and Vegetables, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Food Storage Containers Market Report Overview

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The global food storage container market size is expected to be USD 161540 million in 2021 and is projected to touch USD 230937.71 million by 2031 at a CAGR of 3.6% during the forecast period.

Food is kept in a food storage container at ambient temperature, in the fridge, or in the freezer. Any of these ways to store food can be done in a variety of ways. Numerous aspects must be taken into consideration when selecting the sort of container to employ. Taking into account the type of food, the length of storage, the amount of storage space, and the style of storage (room temperature, refrigerator, or frozen). Glass containers, plastic containers, and plastic bags are all respectable alternatives.

In order to increase the shelf life of food, food containers are primarily used for product preservation, storage, and transportation. Food containers need to be durable enough to guard against deterioration or damage to the package's contents. Food containers are made of different materials and serve a range of functions. Food containers allow meals to be transported safely over great distances from their source, preserving the food's quality. Growing consumer awareness of environmental and sustainability issues related to food packaging is anticipated to have an impact on the market for food containers. The expansion of packaged food as one of the most lucrative segments of the global F&B sector in recent years to fuel significant developments in the food container industry.

COVID-19 Impact: Manufacturing Industries Shut Down, Restricted Companies from Product Supply

The global COVID-19 pandemic has been unprecedented and staggering, with food storage containers experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Industries were severely affected by the outbreak of the pandemic. The market for blenders & juicers experienced a disruption in supply chain and manufacturing operations. Stringent lockdown restrictions affected the manufacturing rate of consumer goods. The closure of retail stores slowed down the market growth. Additionally, the consumers avoided buying any product to avoid any chance of getting infected by the virus. The demand for the product was on a constant rise as the outbreak of the pandemic boosted health concerns among the population.

LATEST TRENDS

"Massive Food Production to Boost the Market Growth"

The massive expansion in the world's food production is expected to drive the market. An increase in demand for suitable packaging that makes food easy to transport, store, and consume right away is forecasted to boost food storage containers market growth. Manufacturers of food containers must, therefore, constantly adapt to the shifting preferences of their customers. The percentage of households eating packaged goods, the increase in homes with two incomes, and the rise in the number of working women are all contributing to the future expansion of the global food container market. The demand for food containers is anticipated to be driven by the growth of single-person households and the population in urban regions.

Food Storage Containers Market Segmentation

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• By Type Analysis

By type, the market is segmented into paperboard food containers, plastic food containers, metal food containers, and glass food containers.

Plastic food containers are anticipated to lead the food storage containers market growth due to the higher preference of the population towards it. Plastics are preferred for less portable varieties owing to the rising adoption of quick-prepared meals and packaged food components such as seeds and nuts, packaged spices, single-serve noodles, and others.

• By Application Analysis

Based on application, the market is classified into meat products, dairy products, bakery products, fruits and vegetables, and others.

DRIVING FACTORS

"Convenience Offered By the Product to Aid Product Demand"

For many consumers, the ease of transporting, packaging, and consuming the food these containers offer has taken on significant importance. The producers need to adjust to how their customers' lifestyles are evolving. Changes in working people's lifestyles and busy schedules are expected to have a favorable effect on the market growth. Additionally, the growing demand for packaged and processed foods is expected to fuel the global food storage containers market growth over the next few years. The plastic food container market is anticipated to experience the quickest rate of growth due to the convenience and affordability it offers over conventional materials like glass, metal, and paper board. Because of the many advantages they offer, bags and pouches are common containers. Visual appeal, product distinctiveness, a branding opportunity, conservation of freshness, and mobility are additional factors that may gain customers in the global market.

"Various Features of the Product to Boost Market Growth"

Food products can be transported safely and kept fresh in food containers. It preserves food safe and secure. Food containers are become more essential as a result of rising urbanization, expanding populations, and altering lifestyles. Additionally, the need for eco-friendly packaging in the food and beverage industry is anticipated to increase as the government controls greenhouse gas emissions. Therefore, during the anticipated years, this feature is producing lucrative chances for the growth of the food container market. Demand for products made of meat and fish. Market demand for meat and fish rises as a result of growing urbanization, population growth, and shifting lifestyles. This raises the need for food storage containers. More preservation is required for meat and fish, which increases the requirement for cutting-edge food storage containers. These factors are forecasted to surge the food storage containers market growth.

RESTRAINING FACTORS

"Contamination of Food, When Kept For Longer Periods of Time to Affect Market Growth"

Food that is kept in poor-quality containers becomes contaminated. When food is kept in containers for an extended amount of time, food contamination happens. This will alter customer tastes, which poses a serious challenge for companies that manufacture food containers. Players in the food container industry are therefore required to produce products that are of the highest quality, are airtight, leak-proof, and have innovative designs. Low-quality materials are a major obstacle to the market's expansion for food containers throughout the anticipated time frame.

Food Storage Containers Market Regional Insights

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"Asia Pacific to Dominate the Market Due to the Rising Demand for the Product "

Asia Pacific is expected to hold a dominating part of the food storage containers market share due to the rising beverage demand, which is further growing the demand for plastic food storage containers. Rising consumer expenses on safe food containers to propel growth in the market.

North America is anticipated to hold a significant part of the food storage containers market share due to the expanding food and pharmaceutical sector.

Europe is most likely to show sizable growth by virtue of the expanding FMCG and automotive industries. 

KEY INDUSTRY PLAYERS

"Key Players Focusing On Innovative Technology Development to Grow in Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new products. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• Bemis Packaging Solutions (U.S.)
• Amcor (Australia)
• Ball (U.S.)
• Crown Holdings (U.S.)
• Silgan Holdings (U.S.)
• Alcan Packaging (U.S.)
• Caraustar Industries (U.S.)
• Anchor Glass Container (U.S.)
• Constar International (U.S.)
• Plastipak Holdings (U.S.)
• Evergreen Packaging (U.S.)
• Ring Companies (U.S.)
• DS Smith (U.K.)
• Mondi Group (U.K.)
• Sealed Air (U.S.)
• PWP Industries (U.S.)
• Rio Tinto Group (U.K.)
• Sonoco Products (U.S.)
• Printpack Incorporated (U.S.)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research.

• The pandemic's aftereffects and the subsequent lockdown.
• The market's most recent trend is currently fueling expansion.
• The factors are most likely to stimulate market growth.
• The reasons the market is expected to grow more slowly.
• A comprehensive regional analysis of the market is conducted.
• Significant players and their business offices are also covered in the article.