Global Food Storage Container Market Overview, 2024-29

Global Food Storage Container Market Overview, 2024-29

The food storage market is an essential component of the global food industry, encompassing various products, technologies, and solutions aimed at preserving and maintaining the quality, freshness, and safety of food items. Food storage plays a critical role in ensuring food security, minimizing food wastage, and extending the shelf life of perishable goods. From residential refrigerators to industrial cold storage warehouses, food storage solutions are integral to the entire food supply chain, including production, distribution, retail, and consumption. Early civilizations developed techniques such as drying, smoking, salting, and fermenting to preserve food. These methods allowed them to store surplus food for future use. The Industrial Revolution brought significant advancements in food preservation technology. In the 19th century, inventions such as canning, pasteurization, and refrigeration revolutionized the way food was stored and transported. This led to the emergence of large-scale food production and distribution networks. In the 20th century, improvements in refrigeration technology, packaging materials, and transportation infrastructure further transformed the global food market. Cold storage facilities, refrigerated trucks, and container ships allowed perishable food items to be transported across continents without spoiling. In the modern era, innovations in food packaging, controlled atmosphere storage, and food irradiation have extended the shelf life of many food products. Additionally, advancements in digital technology have enabled more efficient inventory management and distribution logistics. Consumers are increasingly seeking out fresh, minimally processed foods with longer shelf lives. This trend has led to a demand for innovative food storage technologies that preserve the nutritional quality and flavor of perishable foods without the need for excessive preservatives. Food storage facilities must comply with strict food safety and hygiene regulations imposed by governments and international standards organizations. This includes maintaining proper temperature controls, implementing sanitation protocols, and ensuring traceability throughout the supply chain. Advances in refrigeration technology, automation, robotics, and data analytics are driving innovation in the food storage market. These technologies enable more efficient inventory management, temperature monitoring, and real-time tracking of food products throughout the supply chain. The globalization of food supply chains has led to increased demand for cold storage and transportation infrastructure to facilitate the movement of food products across borders. This includes refrigerated shipping containers, cold chain logistics services, and multi-modal transportation networks.

According to the research report, “Global Food Storage Container Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 230 Billion by 2029, increasing from USD 172.5 Billion in 2023. The market is expected to grow with 5.26% CAGR by 2024-29. As more people move to urban areas, there is a need for food storage facilities closer to population centers to reduce transportation costs and ensure freshness. Urbanization also drives demand for smaller-scale storage solutions suitable for retail outlets, restaurants, and convenience stores. Several key players dominate various segments, offering a wide array of solutions for preserving and distributing food products globally. Tupperware Brands Corporation stands out as a leading manufacturer renowned for its extensive range of plastic containers and accessories designed for home use. Rubbermaid Commercial Products, under Newell Brands, caters to commercial and institutional needs with its diverse portfolio encompassing containers, bins, and shelving systems. Cryovac, a subsidiary of Sealed Air Corporation, specializes in advanced packaging solutions, including vacuum packaging and barrier films, crucial for extending the shelf life of perishable foods. Cargill, a multinational corporation deeply rooted in the food industry, provides an essential link in the storage and logistics chain, offering cold storage facilities and transportation services to food producers and retailers globally. With the world's population steadily increasing, there is a growing demand for efficient food storage solutions to ensure an adequate and stable food supply. Food storage facilities need to be able to handle larger volumes of food products and preserve them for longer periods. Environmental concerns have led to a growing demand for sustainable food storage practices. This includes reducing food waste by implementing efficient storage and distribution systems, using eco-friendly packaging materials, and minimizing energy consumption in storage facilities. Economic growth in emerging markets often drives demand for modern food storage infrastructure to support growing populations and changing consumption patterns. Availability of capital and investment opportunities influences the development of food storage infrastructure, including cold storage warehouses, transportation networks, and technology upgrades. The rise of e-commerce and online grocery shopping increases the demand for temperature-controlled storage facilities to support last-mile delivery and fulfill customer orders.

Market Drivers

• Increasing Demand for Convenience and Ready-to-Eat Foods: Rapid urbanization and hectic lifestyles have led to a rise in demand for convenience foods that require minimal preparation. Consumers are seeking options that offer longer shelf life and easy access, driving the demand for innovative food storage solutions.
• Growing Concerns Regarding Food Safety and Preservation: with the rise in foodborne illnesses and concerns about food waste, there's a heightened focus on maintaining food safety and extending shelf life. Consumers are becoming more conscious about preserving nutritional content and minimizing the use of preservatives, creating a demand for sustainable and eco-friendly food storage solutions.

Market Challenges

• Regulatory Compliance and Food Safety Standards: Compliance with stringent regulations regarding food safety, packaging, and labeling poses a challenge for food storage manufacturers. Meeting these standards requires significant investment in research and development, as well as adherence to evolving regulatory frameworks across different regions.

• Environmental Sustainability and Packaging Waste: The increasing awareness of environmental issues has put pressure on the food industry to adopt sustainable packaging solutions. Balancing the need for food preservation with reducing packaging waste and environmental impact presents a challenge for companies operating in the food storage market.

Market Trends

• Emergence of Advanced Packaging Technologies: Innovations such as active and intelligent packaging, which incorporate features like oxygen scavengers, antimicrobial agents, and temperature indicators, are gaining traction. These technologies help enhance food safety, prolong shelf life, and provide real-time information about the quality and freshness of stored products.
• Shift Towards Eco-Friendly and Biodegradable Materials: There's a growing trend towards the use of biodegradable and compostable materials for food packaging, driven by consumer preferences for sustainable options. Companies are exploring alternatives such as plant-based plastics, edible films, and recyclable packaging materials to reduce environmental impact and meet sustainability goals.

Based on the report the market includes Bottles & Jars, Boxes, Cans, Cups & Tubs, Others (Bags and pouch). Convenience and versatility make cups and tubs the growing choices in the food storage market.

Cups and tubs have emerged as the dominant players in the food storage market due to their unparalleled convenience and versatility. These containers offer a myriad of benefits that cater to the modern consumer's lifestyle and preferences. Their popularity stems from several key factors. First and foremost, cups and tubs excel in convenience. With their compact and stackable designs, they optimize space in refrigerators, pantries, and on shelves. Their portability allows for easy transportation, whether it's for packed lunches, picnics, or on-the-go snacking. The simplicity of their shape and size makes them effortless to handle, store, and use, making them a go-to choice for busy individuals and families. Moreover, cups and tubs boast versatility in their functionality. They come in various shapes and sizes to accommodate different portion sizes and types of food. From single-serve yogurt cups to family-sized tubs of ice cream, these containers offer options for every need. Additionally, their compatibility with a wide range of food types, from liquids like soups and sauces to solids like grains and snacks, makes them indispensable in the kitchen. Whether storing leftovers, meal prepping, or organizing pantry staples, cups and tubs can handle it all with ease. Furthermore, cups and tubs are designed for both storage and serving, eliminating the need for separate containers. Many are microwave-safe, allowing for convenient reheating without the hassle of transferring food to another dish. Some even come with built-in features like compartmentalized sections or resealable lids for added functionality and freshness. This dual-purpose nature streamlines meal preparation and clean-up, simplifying the cooking process for busy individuals.

Based on the report the market includes Plastic, Glass, Metal, Other. Glass is growing in the food storage market industry due to its inert nature and ability to maintain food safety and freshness.

Glass has emerged as the preferred material in the food storage market industry, primarily due to its inert nature and unparalleled ability to maintain food safety and freshness. Unlike plastic or metal containers, glass does not leach harmful chemicals or flavors into food, ensuring that the taste and quality remain uncompromised. This inertness is crucial for preserving the integrity of various food items, especially acidic or oily ones, which can react with other materials and compromise their quality over time. One of the key advantages of glass in food storage is its permeability. Glass containers create a barrier that prevents air and moisture from entering, thereby minimizing the risk of spoilage and extending the shelf life of perishable goods. This feature is particularly beneficial for storing delicate foods like herbs, spices, nuts, and grains, which are susceptible to degradation when exposed to air and humidity. Moreover, the non-porous surface of glass makes it resistant to odors and stains, ensuring that stored foods retain their natural flavors and aromas without being tainted by external contaminants. In addition to its inert and impermeable properties, glass offers unmatched transparency, allowing consumers to easily identify the contents of their storage containers. This transparency not only enhances the visual appeal of stored foods but also facilitates better inventory management and reduces the likelihood of food waste. Furthermore, glass is microwave-safe and can withstand high temperatures, making it suitable for both storing and reheating leftovers without any concerns about chemical leaching or warping. Glass containers are durable and long-lasting, offering a cost-effective solution for food storage in the long run. While initial investment in glassware may be slightly higher than plastic alternatives, the durability and reusability of glass containers justify the higher upfront cost over time. Unlike plastic containers, which are prone to cracking, warping, and discoloration with repeated use, glass containers maintain their integrity and appearance even after multiple cycles of use and cleaning.

The rise of on-the-go lunch containers is driven by the increasing demand for convenient and portable food options that cater to busy lifestyles.

On-the-go lunch containers have surged to the forefront of the food storage market, propelled by the ever-growing need for convenient and portable meal solutions tailored to modern lifestyles. This trend is fueled by several key factors that resonate with today's consumers. The primary reason behind the dominance of on-the-go lunch containers is their ability to cater to the fast-paced lifestyles of individuals juggling work, school, and various commitments. These containers offer a hassle-free solution for packing and transporting meals, whether it's to the office, school, gym, or outdoor activities. Their compact and portable designs allow for easy carrying in bags, backpacks, or briefcases, eliminating the need for bulky or cumbersome food storage options. This convenience factor is paramount for consumers seeking quick and efficient ways to nourish themselves amidst busy schedules. Moreover, on-the-go lunch containers prioritize functionality and versatility, meeting the diverse needs and preferences of today's consumers. They come in a variety of shapes, sizes, and configurations to accommodate different types of meals and portion sizes. From bento boxes with segmented compartments for balanced meals to insulated containers for keeping food hot or cold, these containers offer options for every dietary requirement and culinary preference. Additionally, many on-the-go lunch containers feature leak-proof seals, microwave-safe materials, and easy-to-clean designs, further enhancing their usability and practicality for everyday use. Furthermore, on-the-go lunch containers align with the growing emphasis on health and wellness in today's society. With more people prioritizing nutritious eating habits and mindful consumption, these containers enable individuals to pack homemade meals and snacks, controlling ingredients and portion sizes. By preparing meals in advance and bringing them on-the-go, consumers can make healthier choices and avoid relying on less nutritious fast food or convenience options. This aspect appeals to health-conscious consumers seeking convenient ways to maintain a balanced diet while on the move.

The Asia Pacific region leads the food storage market due to rapid urbanization, changing lifestyles, and a growing demand for convenient and innovative food storage solutions.

The Asia Pacific region has emerged as a leader in the food storage market, propelled by a confluence of factors that reflect the region's dynamic economic and social landscape. At the heart of this leadership is the phenomenon of rapid urbanization, accompanied by shifting lifestyles and a burgeoning appetite for convenient and innovative food storage solutions. One of the primary drivers behind the dominance of the Asia Pacific region in the food storage market is the rapid urbanization taking place across many countries in the region. As more people migrate from rural areas to cities in search of better economic opportunities, there is a corresponding increase in demand for convenient food storage options that cater to urban lifestyles. Urban dwellers often lead busy lives characterized by long commutes, demanding work schedules, and limited time for meal preparation. Consequently, there is a growing reliance on pre-packaged and ready-to-eat foods, driving the need for efficient and practical food storage solutions to store and transport these items. Changing lifestyles and dietary habits play a significant role in driving the demand for food storage solutions in the Asia Pacific region. With rising incomes and changing consumer preferences, there is a growing inclination towards healthier eating habits, including increased consumption of fresh produce, prepared meals, and specialty food items. As a result, consumers are seeking storage options that can preserve the freshness, flavor, and nutritional value of their food purchases, driving the demand for a wide range of storage containers, from refrigerators and freezers to airtight containers and vacuum sealers. The Asia Pacific region is characterized by a culture of innovation and entrepreneurship, leading to the development of a diverse range of food storage solutions tailored to the needs and preferences of local consumers. From traditional ceramic jars and bamboo baskets to modern plastic containers and vacuum-sealed bags, the market offers a plethora of options to suit every culinary tradition and lifestyle requirement.

Recent Developments

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.

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