Authored By: Sarah
11 Jul 2024

 Food Storage Container Market Size to grow by USD 10 billion between 2024-2028

According to a research report “ Food Storage Container Market” by Material (Plastic, Metal, Glass, Paper) Type (Rigid packaging, Flexible packaging) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 10 billion, at a CAGR of  2.58% during the forecast period. The global food storage container market is experiencing significant growth due to the increasing urbanization trend and subsequent shifts in consumer behavior. In 2023, the urban population in the US accounted for 83.3% of the total population, leading to an increase in spending on food at food service establishments. Furthermore, the proliferation of supermarkets and hypermarkets offering fresh food has positively influenced market growth. Top vendors in the market are prioritizing brand image and value to maintain their competitive edge. The organized retail segment's expansion has resulted in altered consumer shopping patterns, providing opportunities for market expansion. Urbanization's impact on food habits and the subsequent changes in retail and food service industries are driving the growth of the food storage container market.

Browse market data tables, figures, and in-depth TOC on “Food Storage Container Market” by Material (Plastic, Metal, Glass, Paper) Type (Rigid packaging, Flexible packaging) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Material, the Plastic segment is projected to dominate the market size in 2024

The Food Storage Container market is experiencing significant growth due to increasing consumer awareness towards food safety and preservation. Businesses are investing in advanced container technologies, such as airtight seals and vacuum systems, to maintain food freshness and extend shelf life. Additionally, the rise in convenience food consumption and e-commerce sales is driving demand for durable, stackable, and space-efficient containers. Overall, this market is poised for continued expansion as consumers and businesses prioritize food preservation and sustainability.

By Type, Rigid packaging  segment is expected to hold the largest market size for the year 2024

The Food Storage Container market represents a significant business opportunity, with increasing demand driven by consumer preferences for convenient, hygienic, and longer-lasting food preservation solutions. Key trends include the use of eco-friendly materials, advanced sealing technologies, and smart design features to enhance user experience and extend product shelf life. Market growth is expected to remain robust, driven by population growth, changing demographics, and rising disposable income levels.

APAC is forecasted to hold the largest market size by region in 2024

The Food Storage Container market is experiencing significant growth due to increasing consumer awareness towards food safety and preservation. Businesses are investing in advanced container technologies, such as airtight seals and vacuum packaging, to maintain food freshness and extend shelf life. Additionally, the rise in convenience food consumption and e-commerce sales are driving demand for innovative, reusable, and stackable container solutions. Overall, this market is poised for continued expansion as businesses prioritize efficient and effective food storage solutions.

The Food Storage Container Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • Tupperware Brands Corp.
.

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Research Analysis Overview

The Food Storage Container Market is experiencing significant growth due to changing consumer preferences and lifestyles, particularly among Generation Z. With busy schedules and a demand for convenience food, the market for lightweight and portable containers, such as flat pouches and stand-up pouches with corner spouts and gussets, is booming. These containers offer protection against food contamination and are ideal for dairy goods, making them a popular choice for consumers. However, sustainability issues are becoming increasingly important, leading to a rise in demand for reusable containers made from paperboard, metal, and glass. Semi-rigid tubs, cups, bags, jars, bottles, and other types of containers continue to be popular, with plastic containers remaining a common choice due to their affordability and versatility. As the market evolves, innovations such as twin pouches and containers with convenient features like corner spouts and gussets are gaining popularity. Regardless of the material or design, the focus on protecting food from contamination and providing convenience remains a key driver of growth in the Food Storage Container Market.

Market Research Overview

The Food Storage Container Market encompasses a wide range of products designed to preserve the freshness, quality, and nutrition of various food items. High-grade containers, such as flat pouches and stand-up pouches with corner spouts, gussets, and twin pouches, offer versatility, affordability, and a lightweight nature, making them popular among consumers. These containers are suitable for a variety of food products, including bakery items, dairy goods, grain mill products, meat products, fruits and vegetables, and even wraps. Generation Z consumers prioritize convenience and portability, leading to the increasing popularity of flexible containers like bags and pouches. However, environmental challenges and sustainability issues have brought rigid containers, such as tubs, cups, jars, bottles, cans, clamshells, boxes, and fast food containers, back into the spotlight. Online food sales and e-commerce have further fueled the demand for food packaging solutions that ensure food quality and freshness preservation. Aesthetics also play a crucial role in the food storage container market, with consumers preferring containers that appeal visually. The market caters to various food types, including bakery products, dairy goods, grain mill products, fruits and vegetables, meat products, and convenience food, among others. Paperboard, metal containers, glass containers, and plastic containers are the primary materials used to manufacture food storage containers, catering to the diverse needs of consumers with busy schedules and changing lifestyles.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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