Hermetic Food Grain Storage Market Size, Share, Growth, and Industry Analysis, By Type (Hermetic Bag, Sack, Flexible Plastic Containers, Others), By Application (Corn, Wheat, Rice, Others) and Regional Insights and Forecast to 2031

Updated On: 08 April 2024

HERMETIC FOOD GRAIN STORAGE MARKET REPORT OVERVIEW

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The global hermetic food grain storage market size was USD 404.6 million in 2022 and the market is projected to touch USD 585.94 million by 2031, exhibiting a CAGR of 4.2% during the forecast period.

The hermetic food grain storage market growth will expand more favourably if there are more supermarkets and hypermarkets selling fresh fruit. As a result, the leading market participants work hard to preserve the reputation and brand of their goods. Furthermore, the rise of organized sales is altering the way that consumers purchase. In order to satisfy end-user demands, industry participants are creating food storage containers in different forms, sizes, and shapes.

Additionally, some players provide coloured polycarbonate containers for food storage so that customers can see what's inside. Manufacturers aim to supply the hospitality sector with items that are high-quality, long-lasting, and innovative. Therefore, during the projected period, the market will rise as a result of consumers' growing choice for sturdy yet lightweight food storage containers.

COVID-19 Impact: Cooking at Home during Pandemic Positively Impacting the Market

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

There was an increase of demand to obtain the containers since individuals started meal planning and cooking at home due to the lockdown and limits on eating out. The demand for long-lasting and recyclable food storage solutions increased as a result of this trend. The containers are being used more frequently for meal packaging and transportation as a result of restaurant closures and the transition to food delivery as well as takeout services. But there was also an increasing need for sturdy, environmentally friendly food preservation containers. Therefore, the decline regarding COVID-19 cases and the adoption of new tactics by governmental and non-governmental groups are anticipated to propel market expansion.

LATEST TRENDS

"Increment in Food Production Activities to Stimulate Market Development   "

The massive rise in food production worldwide is the main factor driving the global market. Convenient packaging that makes food easy to carry, store, and consume right away is anticipated to become more and more in demand. As a result, it is imperative that producers of food containers adapt to the shifting preferences of their customers.

The global food container sector is expected to develop in the future due to factors such as the increase in the number of working women, the percentage of households eating packaged goods, and the notable rise in double-income homes. The need for food containers is predicted to increase due to the population expansion in urban areas and the rise in single-person households.

HERMETIC FOOD GRAIN STORAGE MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into hermetic bag, sack, flexible plastic containers, others.

Because there will be a greater demand for different hermetic bag, sack, flexible plastic containers, the hermetic bag product segment will probably expand at the greatest rate. Over the course of the projected year, a sizable CAGR is also anticipated for the sack and flexible container category. This is because they are mostly used for thick, non-viscous food preparations. Packing sweets, baked goods, and confections including pudding, sorbet, and brownies is primarily done in cups and tubs.

• By Application

Based on application the global market can be categorized into corn, wheat, rice, others.

Compared to other food containers, glass containers are stronger and have a longer shelf life. Food can also be kept fresher for longer by storing it at room temperature in glass food storage containers. Specially made glass containers are preferred by many end users for storing corn, wheat and rice. In addition, food stored in glass food storage vessels loses neither flavor nor aroma and is stain-and peel-resistant.

DRIVING FACTORS

"Growing Trend of Environmentally Friendly Packaging to Aid Market Expansion  "

As the globe struggles with the consequences of climate change, people are shifting their buying habits in favor of packaging that is more sustainable and kind to the environment. Therefore, in order to meet customer demands, the main competitors in the industry want to change the materials they use for packaging. Generation Z is also prepared to pay more for products that are packed sustainably, including eco-friendly food storage containers. This is another aspect that is anticipated to provide a lot of chances for the market over the course of the forecast period.

"Maintenance of Food Quality to Foster Industry Progress     "

Food quality maintenance is becoming more and more important, and this is one of the main drivers that will probably drive market expansion. Food storage containers preserve both the freshness and quality of the food items. Additionally, customers will contribute to the food's freshness by storing it in containers rather than in other packaging. As a result, there was a rise of requests for food storage containers, which helped the industry expand.

RESTRAINING FACTOR

"High Value of the Grain Storage to Stop Market Evolution    "

Throughout the projected period, the market growth is anticipated to be impeded by the high cost of superior food grain storage. Because it is one of the best-quality goods available on the international market and sets the benchmark for leak-proof food storage, high-grade food storage containers are expensive. Premium food storage containers don't deteriorate, distort, or discolor over years of use. These reasons contribute to the container's high cost, which limits market expansion.

HERMETIC FOOD GRAIN STORAGE MARKET REGIONAL INSIGHTS

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"North America to Dominate over the Industry Attributed to Need for the Storage of Food"

Because of an overabundance of agricultural goods in the region, North America is anticipated to lead the worldwide hermetic food grain storage market share throughout the forecast period. Among the world's top producers of agricultural goods are the United States, Canada, and Mexico. These countries are predicted to drive the worldwide market's expansion during the coming years and see profitable growth.

Given that agriculture occupies a sizable portion of the region's geographical area, strong market growth is anticipated during the projection period. Due to a decrease in agricultural activity and an increase in the need to store food for extended periods of time in order to meet demand, the region is predicted to see extremely rapid market growth.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Ecotact (India)
• Envo Crystal (India)
• Silo Bags (India)
• Storezo Bags (India)
• GrainPro (U.S.)
• A to Z Textile Mills (U.S.)
• HITEC BAG (India)
• Big John Manufacturing (U.S.)
• SwissPack (U.S.)
• Shako Flexipack (India)
• Bankey Bihari Packaging (India)

INDUSTRIAL DEVELOPMENT

February 2023: The goal of Plastipak's recycling operation at its factory in Toledo, Spain is to turn P.E.T. flakes into recovered pellets that are suitable for culinary use. It is thought that these pellets might be used straight into new food containers. This facility started to produce food-grade pellets in the summer of 2023 and produce close to tons of them annually.

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.