Household Food Storage Containers Market Growth Analysis

Market Insights

The Household Food Storage Containers Market is likely to rebound at a significant CAGR of 3.8%.

What is a household storage container?

Household food storage containers help with safety and maintaining a high quality of food. These containers help in extending the shelf life of the food, which depends on the packaging, food type, and storage conditions such as humidity and temperature. Food storage containers are essential for any kitchen.

Market Dynamics

The rising number of working women population, the increasing number of families consuming packaged food items, along a growing surge in double-income families are some of the key factors augmenting the product demand. Moreover, the emergence of low-cost packaged foods, the growing population across urban cities as well as rising number of single-person households, further boosts the market growth in the coming years.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the household food storage containers industry. The virus outbreak has turned the lives of people worldwide, with the number of cases increasing rapidly. The pandemic has affected the demand as well as food processing and packaging in supply regions. The COVID-19 crisis has affected the industry supply chain to a major extent. Additionally, people were working from home which reduced the demand for lunch boxes and thus, affected the market growth.

Key Players

Key players operating in the household food storage containers market are-

• Alcan Packaging Food Americas (US)
• Tupperware
• Caraustar Industries Incorporated (US)
• Anchor Glass Container Corporation (US)
• Constar International Incorporated (US)
• Plastipak Holdings Incorporated (US)
• Evergreen Packaging (US)
• Ring Companies (US)
• Rio Tinto Group (UK)
• Sonoco Products Company (US).

Segment Analysis

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The household food storage container market is segmented into the following categories-

By Product Type

• Metal
• Glass
• Plastic

By Application Type

• Grain Mill Products
• Fruits & Vegetables
• Bakery Products
• Meat Processed Products
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Italy, and the Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, The UAE, Saudi Arabia, and Others)

Product Trends

The household food storage container market is classified into metal, glass, and plastic. The plastic segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to its favorable properties such as its being undamaged from any small wear and tear, non-breakable, and lightweight has encouraged manufacturers to save costs in their transportation. Also, it also helps in lowering the cost of the product, which bolsters segment growth.

Regional Analysis

The Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to a rise in household income, an increase in the middle-class population, rapid urbanization, increasing population growth, and change in lifestyles of the population, Also, the strong presence of the food processing sector in the region, further proliferates the regional market growth.

Want to know which region offers the best growth opportunities? Register Here

Target Audience

Here is the list of the group of customers that the household food storage containers market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organization

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.