Food Storage Containers & Organizers 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 Containers & Organizers 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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