Food Storage Container Market Size

Food Storage Container Market size was valued at USD 148 billion in 2022 and is estimated to register over 4.1% CAGR from 2023 to 2032. The rise of food delivery and takeout services, especially during the COVID-19 pandemic, led to an increased demand for food storage containers that are suitable for preserving and transporting various types of food. The growing number of single-person households and busy lifestyles have driven the demand for smaller food storage containers that offer portion control and easy storage.

Increasing awareness of environmental issues has led to a preference for food storage containers made from sustainable and eco-friendly materials, such as biodegradable or compostable plastics, glass, or stainless steel.

One of the significant challenges for the food storage container market is addressing environmental concerns related to plastic waste. The extensive use of single-use plastic containers can lead to pollution and environmental degradation, prompting consumers and governments to seek more sustainable alternatives. The industry must comply with various health and safety regulations related to food contact materials. Finding the right balance between cost-effective materials and meeting consumer demand for eco-friendly options can be a challenge for manufacturers. Thus, the risks associated with food storage container may drive down the acceptance rate, further hampering the business growth.

COVID-19 Impact

With lockdowns and restrictions on dining out, there was a surge in demand for food storage containers as consumers turned to home-cooked meals and meal prepping. This trend led to an increased need for durable and reusable food storage solutions. The closure of restaurants and the shift to food delivery and takeout services led to an increased use of disposable food containers for packaging and transporting meals.

However, there was also a growing demand for more sustainable and eco-friendly food storage containers. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is likely to drive the market growth.

Food storage container Market Trends

There was a growing demand for food storage containers made from sustainable and eco-friendly materials, such as bioplastics, glass, stainless steel, and silicone. Consumers were increasingly conscious of the environmental impact of disposable plastic containers and sought reusable and recyclable alternatives. Consumers were prioritizing food safety and looked for food storage containers that were free from harmful chemicals like Bisphenol-A (BPA) and other potentially hazardous substances. Manufacturers responded by offering BPA-free and food-safe containers. Food storage containers with versatile features and multiple compartments gained popularity.

Food Storage Container Market Analysis

Food storage container market size from the plastics segment is accounted for over USD 42.6 billion in 2022. Plastic containers are lightweight and easy to handle, making them convenient for everyday use and on-the-go food storage. Plastic containers come in various shapes and sizes, suitable for a wide range of food items, including liquids, dry goods, and leftovers. Plastic containers are generally more affordable compared to other materials, making them a popular choice for consumers and businesses.

Based on application, the boxes and bins segment held approximately 40% share of the food storage container market in 2022 and is expected to grow at a lucrative pace by 2032. Boxes and bins provide efficient organization and space optimization in pantries, refrigerators, and kitchen cabinets. They help keep food items neatly arranged, making it easier for users to find what they need and reducing clutter.

Based on end-use, the refrigerator storage segment captured dominant market share in 2022 and is poised to observe gains at nearly 3.8% through 2032. Refrigerator storage containers are designed to create a sealed and airtight environment, helping to preserve the freshness of fruits, vegetables, and leftovers, and prevent them from absorbing odors from other foods in the refrigerator. Thus, the high-quality services and growing usage of food storage container are anticipated to expedite the food storage container market growth.

U.S. dominated the North American region with majority market share and a revenue of USD 32.1 billion in 2022 and is projected to expand at a significant pace from 2023 to 2032. The growing awareness and concern about environmental issues in North America led to an increased demand for sustainable and eco-friendly food storage containers. Consumers sought alternatives to single-use plastic containers and favored products made from materials like bioplastics, glass, and stainless steel.

Food Storage Container Market Share

Some of the major market players operating in the food storage container market are

• Tupperware Brands Corporation (United States)
• Rubbermaid Commercial Products (United States)
• OXO International (United States)
• Snapware Corporation (United States)
• Lock & Lock Co., Ltd. (South Korea)
• Sistema Plastics (New Zealand)
• Pyrex (United States)
• Anchor Hocking Company (United States)
• Cambro Manufacturing Company (United States)
• Zojirushi Corporation (Japan)
• Brabantia (Netherlands)
• LocknLock Co., Ltd. (South Korea)
• Glasslock USA, Inc. (United States)
• Mepal (Netherlands)
• Komax USA (United States)

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Food storage container Market News:

• In 2021, Plastipak announced its recycling investment at its Toledo, Spain plant, aiming to convert P.E.T. flakes into food-grade recycled pellets. These pellets are considered for direct use in new food containers. This plant would manufacture nearly 20,000 tons of food-grade pellets yearly and produce them from the summer of 2022.
  
• In 2021, Berry Superfos, a business unit of Berry Global, revealed a new sustainable CombiLight packaging pot for food producers.
  

This food storage container market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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Market, By Material Type

• Plastic
• Glass
• Metal
• Silicone
• Others

Market, By Product type

• Boxes & Bins
• Jars & Canisters
• Bottles & Cans
• Bags & Pouches
• Others

Market, By Application

• Refrigerator Storage
• Freezer Storage
• Pantry Storage
• On-the-go & Lunch Containers
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt