The global food storage container market size was valued at USD x million in 2022 and is poised to grow at a significant CAGR of x% during the forecast period 2023-29. Additionally, the global food storage container market is driven by increasing global food output and the demand for convenient packaging. Factors such as the rise in employed women, the growth of double-income households, and population growth in metropolitan areas contribute to the market’s growth. However, challenges include the environmental impact of container disposal and the risk of food contamination from lower-quality material.
The global food storage container market segmentation:
1) By Material: Paperboard, Metal, Glass, Plastic, and Others
2) By Product: Bottles and Jars, Cans, Bag, Cups and Tubs, Boxes, and Others
3) By Packaging Type: Rigid, Semi-rigid, and Flexible
4) By Application: Grain Mill Products, Dairy Goods, Fruits and Vegetables, Bakery Products, Meat Products, Candy and Confections and Others
The paperboard packaging segment is experiencing significant growth in the global food storage container market. This rise can be attributed to the increasing demand for environmentally friendly packaging solutions. Paperboard containers are considered more sustainable and eco-friendlier compared to traditional plastic containers. They are made from renewable resources, biodegradable, and recyclable, which aligns with the growing consumer preference for sustainable packaging options. The paperboard packaging segment offers advantages such as lightweight, versatility, and customizable designs, making it suitable for various food products. Additionally, advancements in manufacturing processes have improved the strength and durability of paperboard containers, ensuring their effectiveness in food storage and transportation. This trend showcases the industry’s commitment to addressing environmental concerns and meeting consumer demands sustainable packaging solutions in the food storage container market.
Asia Pacific Leads the Global Food Storage Container Market.
Asia Pacific, the Food Storage Container market holds a market share of XX% in 2022 and the market is expected to grow at a significant CAGR during the forecast period. 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.
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Key players’ profiles in the Food Storage Container Market report are The Clorox Company (U.S.), Tupperware (U.S.), Newell Brands (U.S.), Amcor plc (Switzerland), Silgan Holdings, Inc. (U.S.), Ardagh Group (Luxembourg), Berry Plastics Corp. (U.S.), Plastipak Holdings, Inc. (U.S.), SC Johnson (U.S.), Rubbermaid (U.S.)
