Food Storage Container Market Overview:
When it comes to food storage,
whether at room temperature, in the refrigerator, or in the freezer, there are
several factors to consider before selecting the right container. These factors
include the type of storage (ambient, chilled, or frozen), the nature of the
food being stored, the duration of storage, and the available storage space.
Plastic containers, plastic bags, and glass containers are all viable options
for this purpose.
Food Storage Container Market is projected to be worth USD 212.47
billion by 2030, registering a CAGR of 4.19% during the forecast period 2022 to
2030.
The market offers a plethora of
food containers, available in various sizes, shapes, and colors. These
containers cater to different needs, ranging from storing single meals for
individuals, such as lunch boxes, to accommodating multiple servings for group
meals. Depending on your requirements, food containers can have sections or
remain compartment-free.
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Key Players in the food container industry include
Amcor and Bemis Company Inc., Tupperware Brands Corporation, Newell Brands,
LOCK&LOCK Co. Ltd, Hamilton Housewares Pvt. Ltd, Ball Corporation, Constar
International Inc., Plastipak Holdings Inc., Anchor Glass Container
Corporation, Associated Packaging Inc., Berry Global Inc., Crown Holdings Inc.,
Graphic Packaging International Inc., Graham Packaging Company, Avery Dennison
Corporation, and ACCO Brands.
In terms of regional analysis,
the Asia Pacific region dominated the global market in 2020, accounting for a
significant market share of over 36%. It is anticipated to continue its robust
growth trajectory from 2021 to 2028. This growth can be attributed to the rapid
expansion of the food processing industry in the region, driven by strong
government support. Major contributors to the growth of the APAC regional
market include countries like India, China, and Japan.
Meanwhile, North America is
expected to exhibit steady growth with a CAGR of 3% over the forecast period.
This growth is primarily fueled by the increasing demand for packaged and
convenience foods, especially among the working population. Additionally, the
rising demand for canned foods, such as canned fish and meat, in the U.S. is
contributing to market growth. In 2017, approximately 55% of all seafood
consumed in the U.S. was in the form of canned tuna, salmon, and shrimp,
according to data published by Delaware Sea Grant.
Market Segmentation: The global food container market is
segmented based on material, product, and region. Material-wise segmentation
includes paperboard, metal, glass, plastic, and other materials. Product
categories encompass bottles and jars, cans, cups and tubs, boxes, and other
container types. Geographically, the market is categorized into North America,
Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA).
Analysis by Product
Global food container market has been segmented on the basis of
product as bottles and jars, cans, cups and tubs, boxes, and others.
Additionally, it lengthens the food product shelf lives
Analysis by Material
Plastic is both lighter and
further energy-efficient to manufacture than other accoutrements. Plastic food
containers are constantly seen and vended in retail establishments. Depending
on its consistency, food containers can be of poor to high grade. With a deal
share of further than 46 in 2020, the plastic member was the market leader. The
market has been segmented into plastic, metal, glass, and other materials.
Due to its numerous benefits over
contending accoutrements, plastic is the material most constantly used in
packaging. Compared to other accoutrements, plastic is lighter and produces
with a lot lower energy. In addition, it's relatively cheap when compared to
other accoutrements like glass and essence.
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