PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1521567
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1521567
Home Food Storage Containers - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
The Home Food Storage Containers Market size is estimated at USD 26.55 billion in 2024, and is expected to reach USD 33.55 billion by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).
The food storage containers market is growing globally due to the increased awareness regarding sustainability issues and environmental challenges. Manufacturers focus on the aesthetics and innovation of food containers to provide customers with different innovative food packaging, expanding the market's growth.
Consumers are changing their preferences to promote environmentally friendly and sustainable packaging products because the world continues to fight against the effects of weather change. Significant players in the market are changing the packaging materials to meet customers' requirements. For instance, the environmentally conscious Z generation promotes eco-friendly packaging products, such as food storage containers, which creates opportunities for the market.
Manufacturers are increasing production levels with the rise in demand for food containers to store ready-to-eat meals. Rising urbanization, changing lifestyles, and increased demand for packaged food support the growth of food storage containers in the future.
Home Food Storage Containers Market Trends
The Convenience Offered by Food Containers is Driving the Market
The demand for home food containers increased because of the convenience of carrying and packaging. Manufacturers have adapted to the changing lifestyles of consumers. One of the factors that is increasing the demand for home food containers is that consumption of packaged and processed food is increasing. Bags and pouches became popular among consumers because they provide visual appeal, preservation of freshness, convenience, and portability. These qualities increase the demand for home food storage containers.
North America Dominates the Market
North America dominates the market due to the region's rising demand for home food storage containers and increased development in the e-commerce sector. Moreover, increasing demand for reusable home food storage containers in the retail sector increased the market growth. Consumers in North America are conscious of the environmental impact of disposable plastic containers and reusable alternatives; therefore, the demand for home food storage containers made of sustainable and eco-friendly products has increased in the region. Manufacturers in North America make home food storage containers made of BPA-free and food-safe. Thus, these product innovations made by the manufacturers increased the demand for home food containers in North America.
Home Food Storage Containers Industry Overview
The home food storage container market is fragmented. Major players in the market are investing in research and development to expand the product line. Market players are also taking various strategies to expand their global footprint through huge investments, new product launches, mergers, and acquisitions. The major players are The Clorox Company, Tupperware, Newell Brands, Amcor PLC, and LocknLock Co.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.2.1 Growing Preference Toward Home Cooked Meals
- 4.2.2 Awareness on Food Waste and Sustainability
- 4.3 Market Restraints
- 4.3.1 Market Competition and Logistics Challenges
- 4.3.2 Environmental Impact
- 4.4 Market Opportunities
- 4.4.1 Technological Advancements in the Home Food Storage Containers Market
- 4.4.2 Increasing Shift Toward Environmentally Packaging Products
- 4.5 Industry Value Chain Analysis
- 4.6 Industry Attractiveness - Porters' Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights on Technology Innovation in the Market
- 4.8 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
- 5.1 By Type
- 5.1.1 Rigid
- 5.1.2 Flexible
- 5.2 By Material
- 5.2.1 Plastic
- 5.2.2 Paper
- 5.2.3 Metal
- 5.2.4 Glass
- 5.3 By Product
- 5.3.1 Bag
- 5.3.2 Pouch
- 5.3.3 Containers
- 5.4 By Application
- 5.4.1 Fruits and Vegetables
- 5.4.2 Meat Products
- 5.4.3 Candy and Confections
- 5.5 By Geography
- 5.5.1 North America
- 5.5.2 United States
- 5.5.3 Canada
- 5.5.4 Mexico
- 5.5.5 Rest of North America
- 5.6 Asia-Pacific
- 5.6.1 India
- 5.6.2 China
- 5.6.3 Japan
- 5.6.4 Australia
- 5.6.5 Rest of Asia-Pacific
- 5.7 South America
- 5.7.1 Brazil
- 5.7.2 Argentina
- 5.7.3 Rest of South America
- 5.8 Europe
- 5.8.1 UK
- 5.8.2 Germany
- 5.8.3 Italy
- 5.8.4 Rest of Europe
- 5.9 Middle East & Africa
- 5.9.1 South Africa
- 5.9.2 UAE
- 5.9.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
- 6.1 Market Concetration Overview
- 6.2 Company Profiles
- 6.2.1 The Clorox Company
- 6.2.2 Tupperware
- 6.2.3 Newell Brands
- 6.2.4 Amcor plc
- 6.2.5 LocknLock Co.
- 6.2.6 Prepara
- 6.2.7 Thermos L.L.C.
- 6.2.8 Freshware
- 6.2.9 Oneida
- 6.2.10 Glasslock*
7 MARKET FUTURE TRENDS
8 DISCLAIMER AND ABOUT US
