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Global Food Storage Container Market- By Material; By Type; By Product; By Application; By Region; Trend Analysis, Competitive Market Share & Forecast, 2018-2026

  • ID: 5321738
  • Report
  • April 2021
  • Region: Global
  • 181 pages
  • Blueweave Consulting & Research Pvt Ltd

FEATURED COMPANIES

  • Amcor
  • Ball Corporation
  • Constar Corporation
  • Crown Holdings Inc
  • Lock & Lock Ltd
  • Newell Brands

Global Food Storage Container Market is Poised for Impressive Growth: Expected to Reach USD 196.6 Billion in 2026


A study, recently conducted by the strategic consulting and market research firm, the publisher revealed that the global food storage container market reached USD 156.1 billion, with a compound annual growth rate (CAGR) of 4.1% the market during the forecast period to reach a valuation of USD 196.6 billion by 2026. Because of the growing demand for paper and paperboard food storage containers, the growth of food container storage is increasing. Cardboard boxes are industrially prefabricated boxes, majorly used for packaging goods and materials, and can be easily recycled. Industry specialists seldom use the term cardboard because it does not denote a specific material. The term cardboard refers to a variety of heavy paper-like materials, which include: card stock, corrugated fiberboard, or paperboard.

Driver: Emerging market of paper and paperboard food storage container


Paper and paperboard food storage containers seem to be the most environmentally friendly of all the products. Paper & paperboard food storage containers witnessed an increased use in the end-user sector, with nearly 81% of total paper & paperboard solid waste produced being recycled. Paper & paperboard food storage container is not only easily recyclable, but are also cost-effective, easily process-able, and does not harm the environment if left unchecked in soil, as they are biodegradable. All these factors have contributed to the rising demand for paper & paperboard food storage containers, which is also propelling the global food storage container market forward.

Opportunity: The Emergence of Bioplastics and synthetic bioplastics


Plastic is one of the most essential materials in today’s world. It has to be one of mankind's best inventions, but there is one big concern about its usage. It is non-biodegradable and remains as it is without getting decomposed. Moreover, when burnt, it releases toxic fumes into the environment. These problems are seriously impeding the use of plastics. As a result, environmental groups are protesting in support of a ban on its use. With these concerns in mind, companies are coming up with new products that have the properties of plastics and can easily tackle the concerns related to its usages. Bioplastics and synthetic plastics are two examples of plastic substitutes.

Flexible package segment is the largest in by Type


The flexible package segment accounted for the largest market share of in 2020, whereas rigid packaging accounts for nearly 40% market share in the same year. It has been that the on-going pandemic has triggered a multi-fold increase in demand for flexible packaging. Rigid packaging witnessed a decrease in demand while flexible packaging demand grew exponentially with plastics packaging winning the race in the food packaging segment.

Global Food Storage Container Market: Regional Insights


Based on region, the global food storage container market has been segmented into- North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa. 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, are anticipated to increase the demand for food storage containers during the forecast period. This is owing to increase in disposable income, changing lifestyle, growing popularity of packaged foods including canned food.

Impact of COVID-19 Outbreak


Like every major industry, the packaging industry was also affected by the COVID-19 pandemic. Although the demand for packaging in other segments fell exponentially, the demand for packaging in pharmaceuticals and food increased exponentially. Countries went under a month-long lockdown, borders were sealed, and people were not allowed to roam outside to combat the raging pandemic, resulting in an all-time high demand for canned food and medicines. While other industries were either shut down or operating at reduced capacity, food and medicine industries, along with the packaging industry were working overtime to meet the increased demand for food and medicines. Food and healthcare packaging demands were at an all-time high during the lockdown period. With lockdown restrictions easing and other industries reopening, the demand for other types of packaging is expected to go up but it will take some time before things go back to pre-COVID levels.

The food storage container market witnessed an increase in demand owing to the exponential growth in the demand for food products. The worldwide lockdowns and travel bans imposed by the governments of different countries to tackle the raging pandemic hampered the supply of fresh produce, leading people to stockpile processed food items, along with frozen food. This directly contributed to the increased demand for food storage containers. Flexible food storage containers, along with plastic and paper & paperboard food storage containers registered exponential growth while rigid food storage containers, along with steel and aluminium food storage containers registered a decrease in demand. Plastic food storage containers were slowly being phased out of the industry, but the pandemic has acted as a revitalizing medicine for plastic food storage containers. During the pandemic, the demand for flexible food storage containers skyrocketed, resulting in a surge in demand for plastic food storage containers.

Key Market Players: Some of the leading market players include: Amcor, Tupperware Brands Corporation, Newell Brands, Lock & Lock Co., Ltd., Hamilton Housewares Pvt. Ltd., Ball Corporation, Anchor Glass Container Corporation, Associated Packaging Incorporation, Berry Global Inc., Crown Holdings Incorporated, Graphic Packaging International Inc., Avery Dennison Corporation and other prominent players.

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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amcor
  • Ball Corporation
  • Constar Corporation
  • Crown Holdings Inc
  • Lock & Lock Ltd
  • Newell Brands
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Primary &Secondary Research Application
2.3.2. Secondary Research
2.3.3. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation

3. Executive Summary

4. Global Food Storage ContainerMarket Insights
4.1. Value Chain
4.2. DROC Analysis
4.3. Growth Drivers
4.4. Restraints
4.5. Opportunities
4.6. Challenges

5. Market Impact Analysis
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power of Suppliers
5.1.2. Bargaining Power of Buyers
5.1.3. Threat of New Entrants
5.1.4. Threat of Substitutes
5.1.5. Intensity of Rivalry

6. Global Food Storage ContainerMarket Overview
6.1. Market Size & Forecast by Value, 2016-2026
6.1.1. By Value (USD Million)
6.1.2. By Volume (Million Units)
6.2. Market Share & Forecasts
6.2.1. By Material
6.2.1.1. Metal
6.2.1.2. Paper & Paperboard
6.2.1.3. Plastics
6.2.1.4. Glass
6.2.2. By Type
6.2.2.1. Rigid Packaging
6.2.2.2. Flexible Packaging
6.2.3. By Product
6.2.3.1. Bags
6.2.3.2. Pouches
6.2.3.3. Containers
6.2.4. By Application
6.2.4.1. Fruits & Vegetables
6.2.4.2. Dairy Products
6.2.4.3. Meat Products
6.2.4.4. Candy & Confections
6.2.4.5. Grain Mill Products
6.2.4.6. Bakery Products
6.2.5. By Region
6.2.5.1. North America
6.2.5.2. Europe
6.2.5.3. Asia Pacific
6.2.5.4. Latin America
6.2.5.5. Middle East and Africa

7. North America Food Storage ContainerMarket
7.1. Market Size & Forecast by Value, 2016-2026
7.1.1. By Value (USD Million)
7.1.2. By Volume (Million Units)
7.2. Market Share & Forecast
7.2.1. By Material
7.2.2. By Type
7.2.3. By Product
7.2.4. By Application
7.2.5. By Country
7.2.5.1. United States
7.2.5.2. Canada

8. Europe Food Storage Container Market
8.1. Market Size & Forecast by Value, 2016-2026
8.1.1. By Value (USD Million)
8.1.2. By Volume (Million Units)
8.2. Market Share & Forecast
8.2.1. By Material
8.2.2. By Type
8.2.3. By Product
8.2.4. By Application
8.2.5. By Country
8.2.5.1. Germany
8.2.5.2. France
8.2.5.3. U.K.
8.2.5.4. Italy
8.2.5.5. Spain
8.2.5.6. Poland
8.2.5.7. Russia
8.2.5.8. Rest of Europe

9. Asia PacificFood Storage ContainerMarket
9.1. Market Size & Forecast by Value, 2016-2026
9.1.1. By Value (USD Million)
9.1.2. By Volume (Million Units)
9.2. Market Share & Forecast
9.2.1. By Material
9.2.2. By Type
9.2.3. By Product
9.2.4. By Application
9.2.5. By Country
9.2.5.1. Japan
9.2.5.2. China
9.2.5.3. India
9.2.5.4. New Zealand
9.2.5.5. Australia
9.2.5.6. Rest of APAC

10. Latin AmericaFood Storage ContainerMarket
10.1. Market Size & Forecast by Value, 2016-2026
10.1.1. By Value (USD Million)
10.1.2. By Volume (Million Units)
10.2. Market Share & Forecast
10.2.1. By Material
10.2.2. By Type
10.2.3. By Product
10.2.4. By Application
10.2.5. By Country
10.2.5.1. Brazil
10.2.5.2. Argentina
10.2.5.3. Columbia
10.2.5.4. Mexico
10.2.5.5. Rest of Latin America

11. Middle East & Africa food Storage ContainerMarket
11.1. Market Size & Forecast by Value, 2016-2026
11.1.1. By Value (USD Million)
11.1.2. By Volume (Million Units)
11.2. Market Share & Forecast
11.2.1. By Material
11.2.2. By Type
11.2.3. By Product
11.2.4. By Application
11.2.5. By Country
11.2.5.1. UAE
11.2.5.2. Saudi Arabia
11.2.5.3. Oman
11.2.5.4. Kuwait
11.2.5.5. Qatar
11.2.5.6. Rest of MEA

12. Competitive Landscape
12.1. Company Market Share Analysis, 2020
12.2. Competitive Benchmarking, By Operating Parameters

13. Impact of Covid-19 across Industry

14. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
14.1. Amcor
14.2. Tupperware Brands Corporation
14.3. Newell Brands
14.4. Lock & Lock Co., Ltd.,
14.5. Hamilton Housewares Pvt. Ltd.,
14.6. Ball Corporation
14.7. Anchor Glass Container Corporation
14.8. Associated Packaging Incorporation
14.9. Berry Global Inc.,
14.10. Crown Holdings Incorporated
14.11. Graphic Packaging International Inc.,
14.12. Avery Dennison Corporation
14.13. Other Prominent Players
*Financial details of unlisted companies will be available as per data available in final deliverable
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Newell Brands
  • Tupperware Brand Corporation
  • Amcor
  • Lock & Lock Ltd
  • Hamilton Housewares Pvt. Ltd
  • Ball Corporation
  • Constar Corporation
  • Anchor Glass Container Corporation
  • Avery Dennison Corporation
  • Crown Holdings Inc
Note: Product cover images may vary from those shown

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