Food Storage Container Market Future Prospects and Industry Opportunities by 2030

 Food Storage Container Market Synopsis

The data experts at Market Research Future Reports (MRFR), the global food storage container market is projected to thrive at a CAGR of 4.19% during the assessment period. The global food storage container market is likely to hold substantial value. The increasing concern regarding the environment is anticipated to be an important factor driving the global Food Storage Container Market in 2022. Besides, the surging urbanization and the population have resulted in an upgraded standard of living, resulting in changed food habits of the consumer, which has actuated the global storage container market size. Furthermore, the work constraints have resulted in increased usage and demand for stored food.

In addition, the increased demand for perishable products such as dairy products and meat has posed several opportunities for expansion. Moreover, the stern rules executed by the government towards protecting the environment and monitoring greenhouse emissions is projected to be another factor leading to market expansion. However, factors such as changing customer preferences are likely to impede the market growth. Besides, due to the pandemic, various companies in the market have temporarily shut their daily operations.

The halt caused in business operations is estimated to bring a considerable impact on market revenue. It is estimated that it will take some time to recover from the losses incurred during the observation of lockdown. We will provide an impact analysis report on COVID-19.

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Competitive Analysis -

The distinguished organization of the global food container market is Berry Plastics Corporation (US), Bemis Company, Inc. (US), Crown (US), Graphic Packaging International, LLC (US), Graham Packaging Company (US), Ball Corporation (US), Anchor Glass Container Corporation (US), Constar International UK Ltd. (UK), Plastipak Holdings, Inc. (the US), PRINTPACK (US), and a few others.

Some of the prominent players operating in the global food storage container market report 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.

Newell Brands considers new product development as a key strategy and has consistently invested in the research and development of plastic container products, glass containers, and food storage container product differentiation to offer well-designed products to customers. It is focusing on its e-commerce business division to generate maximum revenue and partnering with different e-commerce companies.

For instance, in 2017, the company arranged a two-day event with Amazon.com, offering consumers 16 Newell Deals of the Day and an assortment of 500+ product offerings across its brands. The company has been emphasizing optimizing its efforts in the live segment, ensuring that they are offering quality products to the right customers in the right markets. This has helped the company, achieve high manufacturing productivity and customer satisfaction.

LOCK&LOCK Co., Ltd focuses on R&D and product innovation to provide quality products to customers. Furthermore, it works on gaining customer satisfaction through product development ensuring the use of eco-friendly materials and innovative design. LOCK&LOCK Co., Ltd has been focusing on expanding its presence in Dubai, Hong Kong, Taiwan, Thailand, the Philippines, and Singapore, through strategic acquisitions and joint ventures. It focuses on expanding its distribution network and selling its products through home shopping television and partnering with e-commerce companies.

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Market Segmentation

The global food storage container market can be distinguished on the basis of material, product, application, type, and geography.

On the basis of material, the global food storage container market can be distinguished into glass, paper & paper boards, plastic, metal, and others

On the basis of product, the global food storage container market can be distinguished into pouches, bags, containers, and others

On the basis of application, the global food storage container market can be distinguished into dairy products, fruits & vegetables, meat products, baked and confectionery, and frozen foods.

On the basis of type, the distinguished food storage container market can be segmented into rigid and flexible packaging.

On the basis of geography, the distinguished food storage container market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Regional Analysis

The geographical evaluation of North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been performed. The market is likely to expand significantly during the review period. The APAC region is likely to reign the worldwide market during the assessment period. The most significant reason for regional expansion is the increasing demand for FMCGs. Moreover, the region is prospering due to the increased disposable income, growing popularity of packaged food, and the changed lifestyle.

Europe has attained the second position. The stored food is gaining popularity due to the rising amount of food packaging constructed of bioplastics. Also, the rising demand for sustainable packaging products among consumers is another pivotal factor leading to market growth. On the other side, North America is likely to acquire the largest share of the market. The most significant factor leading to regional growth is the reduced waste, growing usage of packaged food, and the growing adoption of small-sized food containers.

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