Global Food Storage Container Market - 2021-2028
The global food storage container market size was worth US$ XX billion in 2020 and is estimated to show unprecedented growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
A food storage container is used to hold food at room temperature, in the refrigerator, or the freezer. For storing food in either of these ways, there are many options available. Several considerations must be taken into account before choosing the type of container to use, such as consider the type of storage (room temperature, refrigerated, or frozen), length of storage, the food being stored and storage space. The container can be a plastic bag, plastic container, glass container, inflexible bags, sacks, paperboard, rigid plastic containers, metal containers, glass bottles, and food containers. Due to the exhibition of excellent properties, including good heat insulation, fragrance retention, and moisture barrier resistance, the increasing importance of flexible packaging material in the nutrition industry is expected to drive the market over the projected period.
The convenience offered by these containers in terms of transport, packaging and consumption has gained exceptional importance among many consumers. Therefore, manufacturers are expected to keep pace with the dynamic lifestyle of the customer. Over the forecast period, shifting lifestyles coupled with hectic schedules among working people are expected to affect the industry's growth positively.
The global food storage container market is majorly propelled by increasing product quality in flavor and freshness. Some manufacturers are heavily investing in bringing modern technology to design the best product to store the food for a longer time. Growing concerns about greenhouse emissions in the F&B industry are expected to promote the market for sustainable packaging items derived from bioplastics due to strict regulations aimed at minimizing carbon dioxide use.
Increasing demand for product quality, in terms of flavor and freshness and some of the manufacturers, are heavily investing in bringing the modern technology to design the best product to store the food for a longer period
Due to the substantial increase in food demand globally, the global market for food containers is predominantly oriented. In recent times, the increasingly sophisticated customer needs compact packaging that is easy to transport, store and enables ready food consumption. Consequently, keeping pace with these shifting customer tastes has become extremely important for food container manufacturers.
For the storage of fresh produce, active and intelligent packaging is of great importance, and many forms of active packaging are commercially available. Recently studies on strawberries performed by researchers have shown that active packaging preserved fruit quality and improved storage life substantially better than controls, with and without CO2 absorbers. Many companies have developed intelligent packages and have been popular in the food industry, such as the 3MTM MonitorMark indicator. Nanotechnology applications in packaging include sensors that can detect food degradation, nano clay-nylon coatings and barriers to silicon oxide for glass bottles that inhibit gas diffusion, metalized films and embedded antimicrobials, smarter bar codes, and enhanced pigments, inks, and adhesives.
Growing concerns about greenhouse emissions in the F&B industry are expected to promote the market for sustainable packaging items derived from bioplastics due to strict regulations aimed at minimizing carbon dioxide use
Growing concerns by various regulatory bodies towards greenhouse emissions in the F&B industry are expected to promote the market for sustainable packaging items derived from bioplastics due to strict regulations aimed at minimizing carbon dioxide use. Moreover, in the F&B industry, the growing importance of safe disposal and lightweight during packaging is expected to affect the forecast. The U.S. recycled just over 8 percent of plastic containers and packaging in 2017, as per the Environmental Protection Agency (EPA). This can lead to emissions of greenhouse gases (GHGs), affecting the health of the environment. Therefore to bring control of the on-going emission in the U.S. various actions have been taken, such as the use of BPA in baby bottles, sippy cups, and infant formula packaging has been banned. However, its use in other food and beverage containers continues to be regulated and considers to be safe officially by U.S. Administration of Food and Medications. Many plastic food and beverage containers free of BPA are available today, enabling customers to reduce their exposure to it.
The growing percentage of municipal solid waste from packaging and storage container materials coupled with the high demand for energy for manufacturing an immense release of greenhouse gases is acting as a major challenge for the growth of food storage containers in recent times.
There are cans of beans, cartons of milk, plastic containers of yogurt, bags of chips and plastic-wrapped meat on foam trays. A lot of food packaging includes chemical additives. The linings are not visible, along with the products (such as plastic bottles and metal cans), which avoid leakage or keep the acid from corroding metal cans in foods such as tomatoes. Unfortunately, most of the containers are designed as single-use only and are typically thrown into the environment without proper recycling or reused. As per the U.S. Environmental Protection Agency (EPA), food storage container materials make up almost half of all municipal solid waste. In 2014, more than 63 percent of the 258 million tons of municipal solid waste generated in the U.S. was from packaging and storage container materials (for food and other purposes), and only 35 percent (89 million tons) was recycled or composted overall. Therefore this rising number of municipal solid waste is acting as a huge hurdle for the growth of the food storage container market in recent times.
Besides, for storage of food items for long-term storage, different materials are used, such as metals and metal packaging like cans, that are susceptible to corrosion, especially from acidic foods, such as tomatoes. This weakness includes adding a plastic coating, mostly bisphenol-containing epoxies, most of which contain toxic chemicals. Most of the metal food packaging used in the United States is manufactured from aluminum. The processing of aluminum is the result of mined bauxite that is smelted into alumina, and the purification of aluminum requires a lot of energy, as with any industrial production. Furthermore, aluminum production produces by-products such as greenhouse gases, sulfur dioxide, and aromatic polycyclic hydrocarbons. Thus the immense requirement of energy and release of greenhouse gas for the manufacturing of aluminum is more likely to de-accelerate the growing market of food storage containers in the forecast period.
COVID-19 Impact Analysis
The global food storage containers have shown a slight decline due to the COVID-19 pandemic, as several manufacturing plants were shut for months. Further several countries have restricted production activities during the covid-19 pandemic. The major lockdown due to the COVID-19 outbreak leads to suddenly dropping down consumers' interest towards purchasing any goods, and halt in transportation sectors has severely hampered the business of food storage containers market due to disruption in the product's supply chain management. Owing to COVID-19, many consumers stopped investing in their regular buying of stored food & beverages products due to virus transmission, hence impacting a negative impact on the market's growth.
The majority of businesses are shut down, and operations across several end-users of food storage container products such as food & beverage industries are also compromised, thus dropping the product's global demand in 2020.
The global food storage containers market is segmented on product, material, technology, application, end-user and region.
Lower cost and lower energy consumption during manufacturing, plastics have replaced traditional packaging materials, thus creating a huge market share.
The global food storage containers market is segmented into plastic, metal, ceramic, acrylic, paper, silicone, and others in terms of material. Out of the mentioned material types, plastic is expected to build the largest market in the forecast period due to lower cost and lower energy consumption during manufacturing; plastics have replaced traditional packaging materials. Plastic is also much lighter than glass, so if plastic containers are too fragile or heavy for your work environment, it could be a safer choice to take food on the go or to prepare your lunch. With little or no problem or spillage, even the cheapest plastic containers will handle a roughing if properly sealed, more than even the best glass food storage containers.
Natural polymeric materials that can be shaped into the desired form are plastics. Over decades in the processing and packaging of food, the lightness and versatility of these have been confirmed. Plastic containers and packaging protect against food contamination and have sufficient mechanical strength. Apart from this, plastic containers are efficient for both liquid and dry food products and can be produced in both rigid and semi-rigid formations. There are numerous plastic variants, but edible grade containers fall under three specific variants: polyethylene, polyester, and polypropylene. Thus, plastic material's features mentioned above and properties are triggering its demand in recent times.
Increasing urbanization, rising personal incomes, and an escalating interest in packaged foods coupled with the sudden shift towards buying packaged food for daily cooking in the Asia-Pacific region is building the dominance of the region in recent times.
Asia-Pacific region is expected to dominate the global food storage containers market in the forecast period due to rapid urbanization, increasing food & beverage industries in countries like China, India, Bangladesh, and Thailand. In coming years, China is estimated to hold the largest global consumer of food packaging, leading behind the U.S. based on increasing urbanization, rising personal incomes, and an escalating interest in packaged foods. The sudden shift towards buying packaged food for daily cooking rather than buying unpackaged alternatives in the region can be attributed to building the market of food storage containers in the forecast period. Robust food container demand growth is also expected in other emerging markets such as Thailand, Brazil, Argentina, and Turkey.
Developed countries such as the US, Germany, and the U.K. are expected to remain a major challenging factor for industry participants due to rising utility expenditure and growing stringent regulations to improve the recycling of packaged material.
The food storage container market is highly fragmented with the presence of many local and global companies. Some of the key players contributing to the market's growth include Alcan Packaging, Bemis Company Incorporated, NuWave, LLC, Associated Packaging Technologies, Fold-Pak, Anchor, Amcor plc, Ardagh Group, Berry Plastics Group, LocknLock Co., Ltd, EMSA GmbH, and among others.
The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the growth of the food storage container market globally. The key players are favoring partnership and acquisition as the growth strategy for building revenue for their system.
Overview: Amcor plc is an Australian-American packaging company domiciled in the U.K. Flexible packaging, rigid containers, specialty cartons, closures and services are created and manufactured for food, beverage, pharmaceutical, medical, home and personal care items and other products. The company works in nearly 230 sites with 47,000 employees across 40+ countries. The company holds a total sales of US$12.5 billion.
The global food storage container market report would provide access to an approx: 69 market data table, 67 figures and 253 pages.
Target Audience 2022
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