Food Storage Container Market Research Report- Forecast till 2027

Global Food Storage Container Market Research Report, Information: by Type, by Material (Plastic, Paper, Metal, Glass), by Product (Bag, Pouch, Containers), by Application (Fruits & Vegetable, Meat Product, Candy & Confection) - Forecast till 2027

ID: MRFR/AM/6256-CR | February 2020 | Region: Global | 121 pages

Market Overview


Global food storage container market is expected to expand at 4.19% CAGR during the forecast period.  


The global food storage container market is expected to witness substantial growth during the forecast period. Asia-Pacific is expected to be a prominent region in the food storage containers market, owing to the high demand for fast moving consumer goods (FMCG). Along with this, the market is followed by Europe and the Americas, owing to the presence of tier 1 food storage container manufacturers, such as Bemis Company, Inc., Tupperware, Newell Brands, Avery Dennison Corporation, and ACCO Brands.


In 2017, Europe held the second largest market share in the global food storage container market, owing to the increasing amount of food packaging made of bioplastics. The growing demand for sustainable packaging products among consumers is leading to the escalation in demand for eco-friendly storing and packaging solutions in Europe.


Segmentation


The global food storage container market is segmented based on type, material, product, and application. On the basis of type, the global commercial food storage containers is segmented into rigid and flexible. The flexible segment is expected to dominate the market, due to growing flexible packaging industry at a rapid rate and is replacing rigid packaging in food applications.


On the basis of material, the global food storage containers market is segmented into plastic, paper & paperboard, metal, and glass. The plastic segment is expected to hold the maximum market share. Plastic packaging is primarily used in the food industry as it can be easily shaped and molded according to their end applications, such as containers, jugs, and plastic films.


On the basis of product, the global food storage containers market is segmented into bags, pouches, and containers. The containers segment is expected to hold the maximum market share, due to the wide use of containers in the packaging of fruits and vegetables, dairy items, frozen food, and other end-use industries.


On the basis of application, the global food storage container market is segmented into fruits & vegetables, dairy products, meat products, frozen food, and candy and confections. The candy and confections segment is expected to hold the maximum market share, due to the growing demand for chocolate and the easy availability of different types of candy and confections.


Regional Analysis


On the basis of region, the global food storage container market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.


Global Food Storage Container Market, by Region, 2017 Food Storage Container Market, by Region


Source: MRFR analysis


Asia-Pacific accounted for the largest market share in 2017 and was valued at USD 92,084.6 million. The food storage container market in Asia-Pacific is expected to witness steady growth, owing to the high demand for fast moving consumer goods (FMCG). Additionally, the food contact material regulations set by the governments in various countries, such as Australia, China, Japan, India, Malaysia, and Singapore, are anticipated to increase the demand for food storage containers during the forecast period.


In Asia-Pacific, in 2017, China held the largest share in the global food storage containers market, owing to the regulations directed by the government for reducing food packaging waste. Moreover, in 2017, the government of China banned the import of recyclable plastics from other countries, which is anticipated to open lucrative opportunities for the local food packaging manufacturers to meet the requirements for the recycled plastics from food industry over the forecast period.


Synopsis


The global food storage containers market has been segmented on the basis of type, material, product, application, and region. On the basis of type the global food storage container market is segmented into rigid and flexible. The flexible segment is expected to dominate the market, due to growing flexible packaging industry at a rapid rate and is replacing rigid packaging in food applications.


Key Competitors:


The key players of global food storage container market are Amcor and Bemis company Inc., Tupperware Brands Corporation, Newell Brands, LOCK&LOCK Co., Ltd, Hamilton Housewares Pvt. Ltd, Ball Corporation, Constar International 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.


Market Segmentation



  1. By Type – Rigid and Flexible

  2. By Material – Plastic, Paper & Paperboard, Metal, and Glass

  3. By Product – Bags, Pouches, and Containers

  4. By Application – Fruits & Vegetables, Dairy Products, Meat Products, Frozen Food, and Candy and Confections


Key Questions Addressed by the Report



  • What was the historic market size (2017)?

  • Which segmentation (Type/Material/Product/Application is driving market?

  • What will be the growth rate by 2023?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 92,084.6 Million
  CAGR   4.91% CAGR (2020 to 2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Material, Product and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Amcor and Bemis company Inc., Tupperware Brands Corporation, Newell Brands, LOCK&LOCK Co., Ltd, Hamilton Housewares Pvt. Ltd, Ball Corporation, Constar International 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.
  Key Market Opportunities    New product launches and R&D Amongst major key Players
  Key Market Drivers   The growing demand for sustainable packaging products


Frequently Asked Questions (FAQ) :


The global Food storage container is expected to record a substantial market valuation.

The global Food storage container is projected to register a moderate 4.19% CAGR in the forecast period.

The flexible segment is slated to expand as the fastest-growing segment.

The plastic segment is slated to expand as the fastest-growing segment.

A few major market players operating in the global Food storage container are Bemis Company, Inc., Tupperware, Newell Brands, Avery Dennison Corporation, and ACCO Brands among others.