Food Storage Container Market Size
Estimated to exhibit approximately 4.1% CAGR from 2023 to 2032, the USD 148 billion food storage container market is Food delivery and takeaway businesses, particularly during the COVID-19 epidemic, have grown in popularity and have resulted in more demand for food storage containers fit for carrying and preserving different kinds of cuisine. Growing single-person households and hectic schedules have increased demand for smaller food storage containers with simple storage and quantity control.
Estimated to exhibit over 4.1% CAGR from 2023 to 2032, the USD 148 billion food storage container market size is Food delivery and takeout businesses, particularly in light of the COVID-19 epidemic, have grown in demand for food storage containers fit for carrying and keeping different kinds of food. The desire for smaller food storage containers that provide portion control and simple storage has been spurred by the rising number of single-person homes and hectic lives.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Food Storage Container Market Size in 2022 | USD 148 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.1% |
| 2032 Value Projection | USD 221 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 191 |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Dealing with environmental issues pertaining to plastic trash presents one of the main difficulties facing the food storage container business. The great use of single-use plastic containers can cause environmental damage and pollution, which drives governments and consumers to look for more sustainable substitutes. The sector has to follow certain rules on food contact materials concerning health and safety. Manufacturers often find it difficult to strike the ideal mix between reasonably priced materials and satisfying customer demand for environmentally friendly solutions. Therefore, the hazards related to food storage containers could lower the acceptance rate, therefore impairing the company development.
COVID-19 Impact
Lockdowns and dining out bans drove demand for food storage containers as people turned to home-cooked food and meal planning. This trend created a demand for reusable, durable food storage options. Disposable food containers became more used for packing and meal transportation as restaurants closed and food delivery and takeout services switched focus.
Still, there was also increasing demand for environmentally friendly food storage containers. Therefore, the lower number of COVID-19 cases and the application of later policies by government and non-governmental entities are probably going to propel the market development.
Food storage container Market Trends
Food storage containers created from environmentally friendly, sustainable materials—such as bioplastics, glass, stainless steel, and silicone—were in increasingly sought for. Customers sought reusable, recyclable substitutes as they grew more aware of the environmental damage disposable plastic containers caused. Food safety was becoming more and more important to consumers, thus they sought for food storage containers free of dangerous compounds including Bisphenol-A (BPA) and other possibly toxic elements. Manufacturers answered with food-safe, BPA-free containers. Food storage containers with several compartments and flexible design became somewhat well-known.
Food Storage Container Market Analysis
From the plastics section, the market size for food storage containers comes to be above USD 42.6 billion in 2022. Plastic containers are handy for daily use and on-the-go food storage since they are light-weight and easy to handle. Appropriate for a variety of food items, including liquids, dry foods, and leftovers, plastic containers come in several forms and sizes. Generally more reasonably priced than other materials, plastic containers are a common choice for consumers and companies.
Based on application, the segment consisting of boxes and bins holds about 40% of the food storage container market in 2022 and is predicted to develop at a rich rate by 2032. In kitchens, pantries, refrigerators, and cabinets, boxes and bins offer effective space efficiency and organizing. Their clean arrangement of food items helps people locate what they need more easily and less clutter results from their help.
Based on end-use, the refrigerator storage category grabbed majority market share in 2022 and is expected to show increases of almost 3.8% through 2032. Designed to create a sealed and airtight atmosphere, refrigerator storage containers help to keep the freshness of fruits, vegetables, and leftovers, therefore preventing their absorption of odors from other foods in the refrigerator. Thus, it is expected that the high-quality services and increasing use of food storage containers would speed up the expansion of the food storage container market.
U.S. dominated the North American region with majority market share and a revenue of USD 32.1 billion in 2022 and is projected to expand at a significant pace from 2023 to 2032. The growing awareness and concern about environmental issues in North America led to an increased demand for sustainable and eco-friendly food storage containers. Consumers sought alternatives to single-use plastic containers and favored products made from materials like bioplastics, glass, and stainless steel.
Food Storage Container Market Share
Some of the major market players operating in the food storage container market are
- Tupperware Brands Corporation (United States)
- Rubbermaid Commercial Products (United States)
- OXO International (United States)
- Snapware Corporation (United States)
- Lock & Lock Co., Ltd. (South Korea)
- Sistema Plastics (New Zealand)
- Pyrex (United States)
- Anchor Hocking Company (United States)
- Cambro Manufacturing Company (United States)
- Zojirushi Corporation (Japan)
- Brabantia (Netherlands)
- LocknLock Co., Ltd. (South Korea)
- Glasslock USA, Inc. (United States)
- Mepal (Netherlands)
- Komax USA (United States)
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Food storage container Market News
- In 2021, Plastipak announced its recycling investment at its Toledo, Spain plant, aiming to convert P.E.T. flakes into food-grade recycled pellets. These pellets are considered for direct use in new food containers. This plant would manufacture nearly 20,000 tons of food-grade pellets yearly and produce them from the summer of 2022.
- In 2021, Berry Superfos, a business unit of Berry Global, revealed a new sustainable CombiLight packaging pot for food producers.
This food storage container market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments
Market, By Material Type
- Plastic
- Glass
- Metal
- Silicone
- Others
Market, By Product type
- Boxes & Bins
- Jars & Canisters
- Bottles & Cans
- Bags & Pouches
- Others
Market, By Application
- Refrigerator Storage
- Freezer Storage
- Pantry Storage
- On-the-go & Lunch Containers
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy