PUBLISHER: 360iResearch | PRODUCT CODE: 1496779
PUBLISHER: 360iResearch | PRODUCT CODE: 1496779
[189 Pages Report] The Household Food Storage Containers Market size was estimated at USD 25.61 billion in 2023 and expected to reach USD 27.19 billion in 2024, at a CAGR 6.19% to reach USD 39.01 billion by 2030.
Household food storage containers are useful items designed to keep food fresh, prevent spoilage, manage portions for domestic everyday use, and facilitate food transport and convenience. They come in diverse materials such as glass, plastic, metal, and silicone and employ various sealing techniques such as snap-on lids, airtight seals, and locking mechanisms. The increasing importance of food safety and waste reduction in households, coupled with rising consumer awareness about the benefits of using proper food storage solutions, are key growth drivers. Additionally, healthy meal preparation and home cooking trends have propelled the demand for reliable and efficient food storage containers. Environmental concerns regarding the use of household food storage containers, regulatory compliance concerning food safety and material use, and potential health risks associated with chemicals leaching from certain materials affect the market's growth. However, manufacturers are exploring advancements in bio-based containers made using environment-friendly and sustainably sourced materials that can overcome challenges associated with environmental concerns. Ongoing research aims to enhance the functionality of containers, such as microwave-safe features or collapsible designs for space-saving storage, potentially offering new avenues of growth for the industry.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 25.61 billion |
Estimated Year [2024] | USD 27.19 billion |
Forecast Year [2030] | USD 39.01 billion |
CAGR (%) | 6.19% |
Regional Insights
In the Americas, household food storage containers are used extensively for meal preparation, leftovers, and food preservation. The growing trend of meal prep in the United States and Canada to manage healthy eating habits boosts the demand for containers suitable for refrigerating, freezing, and microwaving. Major food storage container manufacturing companies in the Americas are known for their innovative designs, consumer trust, and focus on quality. In North America, brand reputation and loyalty play significant roles in the market presence. APAC witnesses a high use of food storage containers due to the prominence of fresh food consumption and traditional cooking practices that often produce leftovers. Production in the APAC region, particularly in countries such as China and India, is rising due to lower manufacturing costs, abundant raw material availability, and advancements in manufacturing technologies. The market in EMEA exhibits a high use of specialty containers designed to store specific types of food, such as cheese, bread, or cold cuts, reflecting diverse culinary practices and food preservation techniques of the region. The production employs stringent EU standards for food safety and materials, with a noticeable trend towards eco-friendly materials and design innovations to reduce environmental impact and comply with European environmental standards. Companies in the region offer a range of products catering to the specific needs of different EMEA markets, emphasizing design and functionality along with ecological aspects, such as recyclability and food safety.
Market Insights
The market dynamics represent an ever-changing landscape of the Household Food Storage Containers Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Household Food Storage Containers Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Household Food Storage Containers Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Novolex Launches Food Containers with 10% PCR Content
Waddington North America, part of Novolex's family of brands, has launched an innovative line of recyclable food storage containers, integrating sustainability with practical design. These new containers incorporate a minimum of 10% post-consumer recycled (PCR) content, catering to an eco-conscious market. The product range includes diverse options such as versatile dessert cups, secure tamper-evident containers, and various cake and bakery clamshells designed to meet many storage needs. [Published On: 2023-12-07]
Berry's Reusable Container Offers the Ideal Refill Solution
Berry Global PLC has crafted a custom 14-liter HDPE container at the forefront of the Refill Coalition's novel refill packaging solution, initiated in a pilot at Aldi UK's Solihull branch. This coalition, composed of Aldi UK, Ocado Retail, and supply chain expert CHEP, was brought together by GoUnpackaged and aims to revolutionize how households stock up on food staples such as cereals, pasta, and household products. [Published On: 2023-10-23]
Tupperware Launches a New Vintage Collection Inspired by "Lessons in Chemistry"
Tupperware Brands Corporation has launched a heritage collection 10 piece food storage set in vintage colors to attract a customer base. The company has offered a set of five nesting bowls featuring the classic Tupperware sunburst lid - an airtight lid and a ridge at the rim for a secure, comfortable grip to prevent damage during transportation. [Published On: 2023-09-29]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Household Food Storage Containers Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Household Food Storage Containers Market, highlighting leading vendors and their innovative profiles. These include Amcor PLC, Berry Global Group, Inc., Cello World Limited, Done by Deer A/S, EMSA GmbH by Groupe SEB, Freshware Inc., Fullstar Houseware LLC, Glasslock, INDEPAK, Inc. by Sinclair & Rush, Inc., Instant Brands Holdings, Inc., Joyo Plastics, Lindar Corporation, Lock & Lock, Co., Ltd., LocknLock India, Milton by Hamilton Housewares Pvt. Ltd., MR. D.I.Y. ECOMMERCE (M) SDN BHD, Navin Plast, Newell Brands Inc., Novolex Holdings, LLC, OXO International, Ltd. by Helen of Troy Limited, Pack- Store, Pactiv Evergreen Inc., Prepara, Shantou Leqishi Plastic Products Co., Ltd., Silgan Holdings Inc., Sonoco Products Company, Taizhou Huangyan Jiangsheng Daily Products Co., Ltd., The Clorox Company, Thermos L.L.C., Tupperware Brands Corporation, and Vremi, LLC by Aterian, Inc..
Market Segmentation & Coverage