Authored By: Sarah
23 Aug 2024

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

Technavio, a leading provider of market research reports, has released its latest study on Food Storage Container Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

  • Market Research Overview: The Food Storage Container market encompasses a fragmented industry landscape, with a complex supply chain consisting of various layers. This includes the procurement of raw materials from suppliers, such as those providing metal components like steel, aluminum, and tin for container manufacturing, as well as glass suppliers offering borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass, and plastic suppliers offering high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). The research and development of desired products, large-scale manufacturing to meet market demands, and distribution through multiple channels to end-users complete the intricate supply chain structure of the food storage container market. - The Food Storage Container Market is experiencing significant growth, fueled by the Growing preference for durable and lightweight containers. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

  • Major Findings:
    • Growing preference for durable and lightweight containers
    • Shelf-life extension of food products to avert cross-contamination
    • Issues regarding health and environmental safety
    • Environmental issues and regulatory requirements
  • Growth Projections

The market size is estimated to grow by USD 10 billion, at a CAGR of 2.58% during the forecast period. In the food storage container market, there is a growing trend towards eco-friendly and sustainable solutions. Vendors are investing heavily in research and development to produce containers made from recyclable materials, such as glass, metal, and biodegradable plastics. These containers offer resistance to friction, moisture, and heat, making them ideal for various end-users. Manufacturers are also exploring innovative technologies to utilize versatile materials, which can function as insulated storage containers and are beneficial for different sectors. However, the increasing preference for sustainable food storage containers, coupled with stringent environmental regulations, may restrict the expansion of conventional foamed plastic protective containers, particularly in developed countries, as many of these containers are primarily composed of plastic.

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  • Regional Insights

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.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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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