Household Food Storage Containers

Household Food Storage Containers

Global Household Food Storage Containers Market to Reach US$37.9 Billion by 2030

The global market for Household Food Storage Containers estimated at US$26.9 Billion in the year 2023, is expected to reach US$37.9 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2023-2030. Plastic Food Storage Container, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$20.9 Billion by the end of the analysis period. Growth in the Glass Food Storage Container segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.5 Billion While China is Forecast to Grow at 7.0% CAGR

The Household Food Storage Containers market in the U.S. is estimated at US$5.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2030 trailing a CAGR of 7.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.5% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Household Food Storage Containers Market - Key Trends & Drivers Summarized

Household food storage containers are essential for maintaining the freshness and quality of food items in homes. These containers come in various shapes, sizes, and materials, including plastic, glass, and stainless steel. They are designed to store a variety of food items such as leftovers, dry goods, and refrigerated products, ensuring that food remains safe to consume and reducing waste. Innovations in food storage technology, such as vacuum sealing and air-tight closures, have significantly enhanced the functionality of these containers, making them more efficient at preserving food. Moreover, the rise in health consciousness and the emphasis on sustainable living have led to increased demand for reusable and eco-friendly food storage options.

The market for household food storage containers is driven by several key trends. The growing awareness of food waste and its environmental impact has encouraged consumers to adopt better food storage practices, including the use of high-quality containers. Additionally, the increasing trend of meal prepping and home cooking, accelerated by the COVID-19 pandemic, has boosted the demand for versatile and durable food storage solutions. Innovations in design, such as stackable containers and containers with smart features like built-in timers and sensors, are also appealing to consumers looking for convenience and functionality. As a result, manufacturers are continuously developing new products to meet the evolving needs of consumers.

The growth in the household food storage containers market is driven by several factors. Firstly, the increasing focus on reducing food waste is prompting consumers to invest in reliable and efficient storage solutions. Secondly, the rise in home cooking and meal preparation is fueling demand for containers that offer convenience and durability. Thirdly, advancements in material science and product design are leading to the development of more innovative and user-friendly containers, such as those with enhanced sealing mechanisms and smart features. Lastly, the growing trend towards sustainability is driving demand for eco-friendly and reusable containers, as consumers become more conscious of their environmental footprint. These factors collectively contribute to the robust growth of the household food storage containers market.

Select Competitors (Total 76 Featured) -

• Ball Corporation
• Crown Holdings, Inc.
• Accent-Fairchild Group Inc.
• Ardagh Group SA
• Al Bayader International FZE
• All Florida Paper, LLC
• Curver Ltd.
• Consolidated Container Company
• Evergreen Packaging LLC
• Berry Global, Inc.
• Action Pak, Inc.
• Araven S.L.
• Bestsub Technologies Co Limited
• Fratelli Guzzini S.P.A.
• IPS Industries, Inc.

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