Australia Food Storage Container Market Overview, 2029

Australia Food Storage Container Market Overview, 2029

The Australian food storage container industry is expanding rapidly, owing to a variety of variables influencing its landscape. In terms of products and trends, there is a strong emphasis on innovation, particularly in the area of reusable containers. Consumers are increasingly lured to environmentally friendly solutions made from bamboo, glass, and silicone. Furthermore, the market is seeing an increase in demand for smart storage solutions with multi-functional designs that include features like portion control and stackability. Consumers like containers that complement current kitchen aesthetics. Australia distinguishes out from its Southeast Asian counterparts, owing to its emphasis on quality products and brand awareness rather than sheer manufacturing volume. While Southeast Asia has a robust manufacturing sector, Australia's market value is larger due to its emphasis on quality above quantity. This contrast is especially noticeable in businesses like food storage container production, where Australian products are known for their high quality and brand recognition. This strategic positioning enables Australia to command higher prices while attracting discerning customers who value quality and dependability. In terms of raw material availability, Australia's plastic container manufacturing industry is strong, maintaining a consistent supply chain for this critical commodity. However, the availability of raw materials for sustainable alternatives, such as bamboo, may pose issues because they sometimes require imports. Despite rising demand for environmentally friendly alternatives, procuring sustainable resources domestically is still a work in progress, emphasising the importance of strategic collaborations and investments to strengthen local production capabilities.

According to the research report “ Australia Food Storage Container Market Overview, 2029,"" published by Bonafide Research, the Australia Food Storage Container market is forecasted to value at more than USD 1120 Million from 2024 to 2029.Australia's hectic lives necessitate the need for efficient food storage solutions that cater to activities such as meal planning, preserving leftovers, and packing lunches for on-the-go consumption. Concurrently, customers are becoming more health concerned, resulting in a demand for BPA-free and non-toxic containers to assure food safety. Despite these inclinations, price sensitivity remains an important concern for Australian consumers. While quality is valued, price frequently drives purchasing decisions in this market. In terms of legislation and regulations, the Australian food storage container market follows a framework designed to ensure food safety and environmental sustainability. All containers must comply with Australian food safety requirements, which necessitates certifications such AS/NZS ISO 14001 for environmental management. Furthermore, there is a noticeable emphasis on sustainability, pushed by government efforts that promote environmentally friendly behaviours. This push for sustainability encourages producers to incorporate recyclable and biodegradable materials into their container products, which aligns with broader environmental goals and consumer preferences. In the competitive landscape, local and international brands dominate the Australian food storage container market. These established firms have acquired significant brand recognition and consumer trust over the years, making it difficult for new competitors to break into the market. However, there is still potential for innovative and sustainable solutions at affordable rates, allowing new competitors to enter and disrupt the market with unique products.

The food storage container market encompasses a variety of product types catering to diverse consumer needs. Leading the market are bottles and jars, typically crafted from glass or plastic, offering versatility in storing liquids, dry goods, and even hot foods. Boxes, available in cardboard, plastic, or metal, provide alternative storage solutions, while cans, sealed metal containers, remain popular for commercially processed and shelf-stable foods. Cups and tubs, predominantly plastic-made, are experiencing growth, diversifying in sizes and lid mechanisms. Additionally, other innovative options such as bags, pouches, lunch boxes for portability, nesting containers for space-saving storage, silicone bags for sous vide cooking, and reusable cloth wraps for bowl covering are gaining traction. Plastic remains the leading material in the market, offering affordability and durability, while glass and metal are experiencing growth due to their perceived sustainability and hygiene benefits. In terms of application, refrigerator storage holds the dominant position, followed by freezer storage and pantry storage. Notably, the on-the-go and lunch container segment is witnessing growth, reflecting evolving consumer lifestyles and preferences for convenient food packaging solutions. Overall, the food storage container market presents a diverse landscape, driven by innovation, sustainability considerations, and changing consumer behaviours.

E-commerce has grown dramatically, giving marketers an unprecedented opportunity to reach a larger audience via online retail platforms. This emerging trend in the digital marketplace is transforming customer behaviour and tastes, opening up new opportunities for businesses to exploit. With the convenience of online shopping growing more popular among customers, businesses can capitalise on this trend to boost their market presence and sales potential. Australia's reliance on imported food storage containers creates attractive opportunities for international companies in the sector. A significant fraction of these containers are imported from other countries, indicating a market for foreign enterprises. This import potential represents a promising opportunity for multinational businesses looking to establish a presence in the Australian market and capitalise on the country's consumption habits and preferences. The food storage container market in Australia is divided into pricing segments that appeal to a wide range of consumer tastes and budgets. Manufacturers and dealers offer a wide range of items, from low-cost plastic containers to high-end glass and stainless steel alternatives. This pricing diversity represents the market's flexibility to respond to customer wants and preferences, allowing enterprises to efficiently target specific market niches. The COVID-19 epidemic has had a huge impact on the food storage container sector, resulting in an increase in demand as more individuals turn to home cooking and hoarding. The unexpected surge in consumer demand stretched supply systems, resulting in temporary shortages and price changes. The pandemic-induced disruptions highlighted the significance of robust supply chains and flexible manufacturing processes for responding to quickly changing market conditions. Despite the obstacles created by the pandemic, Australia's food storage container business displayed resilience, with manufacturers quickly changing to meet evolving consumer needs while managing supply chain disruptions.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Food Storage Container market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Bottles & Jars
• Boxes
• Cans
• Cups & Tubs
• Others (Bags and pouch)

By Material
• Plastic
• Glass
• Metal
• Others

By Application
• Refrigerator storage
• Freezer Storage
• Pantry Storage
• On-the-go $ Lunch Containers
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Food Storage Container industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.