The global food storage container market is experiencing accelerated growth due to the surging awareness of sustainability concerns and environmental impacts associated with packaging. This has led to a shift in consumer preferences towards eco-friendly options. Additionally, manufacturers' emphasis on aesthetic appeal and innovative designs for food containers is driving food producers to adopt diverse and inventive packaging solutions. These trends, aligned with the need for convenient storage and transportation, are poised to drive the market's expansion in the foreseeable future.
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Data Bridge Market Research analyses that the Global Food Storage Container Market is expected to reach USD 227.19 billion by 2030, which was USD 158.54 billion in 2022, registering a CAGR of 4.60% during the forecast period of 2023 to 2030. The ascent of middle-class segments in emerging markets, coupled with urbanization trends, escalates the desire for packaged and convenient foods. This surge in demand underscores the necessity for suitable food storage solutions, fueling the global food storage container market's growth.
Key Findings of the Study
The relentless expansion of the food and beverage sector is expected to drive the market's growth rate
The relentless expansion of the food and beverage sector, intertwined with evolving consumer expectations for superior quality and convenience, propels the global demand for proficient food storage solutions. As the industry diversifies to cater to various tastes and lifestyles, the necessity for reliable, practical, and innovative food storage containers intensifies. This dynamic synergy between industry growth and consumer preferences drives continuous innovation, fostering the global food storage container market's robust progression.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Paperboard, Metal, Glass, Plastic, and Others), Product (Bottles and Jars, Cans, Bag, Cups and Tubs, Boxes, and Others), Packaging Type (Rigid packaging, Semi-rigid packaging, and Flexible packaging), Application (Grain Mill Products, Dairy Goods, Fruits and Vegetables, Bakery Products, Meat Products, Candy and Confections and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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The Clorox Company (U.S.), Tupperware (U.S.), Newell Brands (U.S.), Amcor plc (Switzerland), LocknLock Co. (South Korea), Molded Fiber Glass Company (U.S.), Prepara (U.S.), Thermos L.L.C. (U.S.), Freshware (U.S.), Oneida (U.S.)., Glasslock (U.S.), Vremi (U.S.), Vtopmart (U.S.), EMSA GmbH (Germany), Silgan Containers (U.S.), Lindar Corp. (U.S.), Detmold Group (Australia), Pactiv L.L.C. (U.S.), OXO (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The food storage container market is segmented on the basis of materials, products, packaging type, and application.
- On the basis of material, the food storage container market is segmented into paperboard, metal, glass, plastic, and others.
- On the basis of product, the food storage container market is segmented into bottles and jars, cans, bag, cups and tubs, boxes, and others.
- On the basis of packaging type, the food storage container market is segmented into rigid packaging, semi-rigid packaging, and Flexible Packaging.
- On the basis of application, the food storage container market is segmented into Grain Mill Product, dairy goods, fruits and vegetables, bakery products, meat products, Candy and confections, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major global food storage container market players in global food storage container market are The Clorox Company (U.S.), Tupperware (U.S.), Newell Brands (U.S.), Amcor plc (Switzerland), LocknLock Co. (South Korea), Molded Fiber Glass Company (U.S.), Prepara (U.S.), Thermos L.L.C. (U.S.)
Market Developments
- In 2021, Plastipak unveiled a significant step towards sustainability by announcing a recycling investment in its Toledo, Spain facility. The initiative aimed to transform P.E.T. flakes into food-grade recycled pellets. These pellets were intended for direct utilization in new food containers.
- In 2021, Berry Superfos, a division of Berry Global, introduced an innovative sustainable packaging solution – the CombiLight pot. This forward-looking resource-efficient food packaging option promised a remarkable reduction of 60 percent in plastic content compared to similar alternatives.
- In April 2022, Amcor elevated its pharmaceutical container business with innovative high-shield laminates. These laminates excel in sustainability, meeting stringent pharmaceutical demands for barriers and performance. Embracing industry recyclability goals, Amcor's recycle-ready and low-carbon packaging revolutionizes pharmaceutical packaging, offering greener solutions for a sustainable future.
- In October 2021, marked Easytech Closures S.p.A.'s expertise in producing hygienic metal ends for food containers across Europe. Dedicated to quality, the company caters to Europe's food industry with user-friendly and reliable easy-open metal ends, ensuring efficient packaging solutions.
- In September 2021, Silgan Holdings Inc.'s acquisition of Unicep Packaging heralded a strategic move. Unicep, known for precision dosing solutions across healthcare sectors, offers tailored products and solutions. As a Specialty Contract Manufacturer and Developer, Unicep's acquisition by Silgan further strengthens its reach and impact, catering to diverse industry needs.
Regional Analysis
Geographically, the countries covered in the global food storage container market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global food storage container market during the forecast period 2023 - 2030
Asia-Pacific's supremacy in the food storage container market is propelled by the region's surging demand for such containers. Particularly, China spearheads this dominance, driven by its robust production and consumption of recyclable food storage solutions. This momentum not only caters to the local market but also contributes to overall market growth within the Asia-Pacific region.
North America is estimated to be the fastest-growing region in the global food storage container market for the forecast period 2023 - 2030
North America is projected to be the fastest-growing region from 2023 to 2030, primarily due to the burgeoning e-commerce sector. The region's thriving online commerce landscape necessitates efficient packaging, stimulating the demand for food storage containers. Additionally, the increasing preference for reusable containers in the retail sector augments market expansion, reflecting evolving sustainability trends.
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