FoodStorage Container Market is projected to be worthUSD 212.47 billion by 2030, registering a CAGR of 4.19% during the forecast
period 2022 to 2030.
When it comes to food storage, whether at roomtemperature, 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.
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.
Key Players in the food container industry includeAmcor 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 Pacificregion 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 exhibitsteady 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 containermarket 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 Material
Plastic is both lighter and furtherenergy-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 contendingaccoutrements, 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.
Analysis by Product
Global foodcontainer market has been segmented on the basisof product as bottles and jars, cans, cups and tubs, boxes, and others.
Additionally, it lengthens the food product shelf lives
