US Food Storage Container Market Analysis - Size and Forecast 2024-2028

US Food Storage Container Market Size 2024-2028

The US food storage container market size is forecast to increase by USD 2.33 billion at a CAGR of 3.3% between 2023 and 2028.

• The food storage container market In the US is witnessing significant growth due to several key trends. One of the primary factors driving market growth is the increasing preference for durable and lightweight containers. Consumers are seeking containers that can withstand frequent use and are easy to transport. Additionally, there is a growing importance placed on sustainable containers and packaging as consumers become more environmentally conscious. This trend is being fueled by the increasing awareness of the negative impact of single-use plastics on the environment. Another trend shaping the market is the growing concern for health and environmental safety. With the rise of foodborne illnesses and the potential for chemicals leaching from containers, there is a demand for containers made from food-grade materials that are safe for both consumers and the environment. Overall, these trends are expected to continue shaping the food storage container market In the US In the coming years.

What will be the size of the US Food Storage Container Market during the forecast period?

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• The food container market encompasses a range of materials, including paperboard, metal, glass, plastic, bottles and jars, cans, bags, cups and tubs, and boxes. These packaging types cater to various packaged food products, such as ready-to-eat (RTE) meals, frozen meals, snacks, and desserts. The choice of material is crucial, as it impacts the container's durability, shelf life, and food preservation capabilities. Environmental concerns have influenced the food container market, with a growing preference for eco-friendly and recyclable materials. Aesthetics also play a role, as consumers increasingly demand visually appealing packaging. Food output trends, such as the rise of double-income households and the proliferation of metropolitan areas, have led to an increased demand for convenient, portable food containers.
• Transportation and storage considerations are essential factors In the food container market. Containers must be able to withstand the rigors of transportation while maintaining food quality. Additionally, containers must offer adequate storage solutions for various food types and sizes. In summary, the food container market is driven by the need for durable, eco-friendly, and aesthetically pleasing packaging solutions that cater to the convenience and transportation requirements of various food products. The market is influenced by trends in food output, environmental concerns, and consumer preferences.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • Eateries and restaurants
  • Catering
  • Hotels
  • Bars
• Type
  • Round
  • Square
  • Rectangle
• Geography
  • US

By End-user Insights

• The eateries and restaurants segment is estimated to witness significant growth during the forecast period.

The food storage container market In the US is driven by the demand from the foodservice industry, particularly eateries and restaurants. These businesses utilize various types of containers, including Material, Paperboard, Metal, Plastic, Glass, and Bottles and Jars, for preserving leftovers, semi-prepared food, and raw materials. This helps reduce food wastage and ensure efficient food management. With an average of 22-33 billion pounds of food wastage annually In the US, the need for effective food storage solutions is evident. Food containers are essential for preserving food quality and extending shelf life, thereby reducing the need for frequent food production. The market encompasses various container types, such as Rigid, Semirigid, Flexible, and Grain Mill Products, catering to diverse food categories, including Dairy Goods, Fruits and Vegetables, Bakery Products, Meat Products, Candy and Confections, Ecommerce, and Ready-To-Eat (RTE) meals.

The increasing number of double-income households, single-person households, and metropolitan areas fuels the demand for convenient and durable food storage solutions. While food quality and hygiene are primary considerations, environmental impact, food contamination, and shelf life are also crucial factors influencing the market's growth. The Plastic segment, with offerings like HDPE, LDPE, PET, PP, and polystyrene, dominates the market due to its versatility and cost-effectiveness. The market's future growth is expected to be influenced by factors such as transportation, storage, preservation, and the increasing trend towards sustainable and lightweight containers.

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The Eateries and restaurants segment was valued at USD 8021.30 million in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of US Food Storage Container Market?

Growing preference for durable and lightweight containers is the key driver of the market.

• In the US market, the demand for food storage containers continues to expand due to changing consumer preferences and lifestyles. With an increasing urban population, double-income households, and single-person households becoming more common in metropolitan areas, there is a growing need for convenient and hygienic food storage solutions. The market encompasses various types of containers, including paperboard, metal, glass, plastic bottles and jars, cans, bags, cups and tubs, and boxes. Rigid containers, such as cans and boxes, are popular for their durability and ability to preserve food for extended periods. Semirigid and flexible containers, like bags and pouches, offer advantages in terms of lightweight and ease of transportation.
• The plastic segment holds a significant share In the market due to its versatility, affordability, and wide range of applications. Key plastic materials include HDPE, LDPE, PET, PP, and polystyrene. These containers are used for various food products, such as grain mill products, dairy goods, fruits and vegetables, bakery products, meat products, candy and confections, and ready-to-eat (RTE) meals, frozen meals, snacks, and desserts. As food quality and food contamination become increasingly important concerns for consumers, food packaging plays a crucial role in ensuring food safety and shelf life. The use of food containers helps maintain food hygiene and prevent food contamination, thereby reducing the risk of food poisoning.
• Additionally, environmental issues, such as greenhouse gas emissions, are driving the demand for lightweight containers made from polymer molecules. The ecommerce sector is also contributing to the growth of the food container market, as more consumers opt for online shopping and home delivery services. Overall, the market is expected to continue its expansion, driven by factors such as changing consumer preferences, urbanization, and the growth of the organized retail segment.

What are the market trends shaping the US Food Storage Container Market?

Growing importance of sustainable containers is the upcoming trend In the market.

• In the US food storage container market, material selection plays a crucial role in catering to various consumer preferences and industry requirements. companies are focusing on sustainable and eco-friendly options, such as paperboard, glass, and metal, to meet the increasing demand for environmentally responsible containers. However, the plastic segment continues to dominate the market due to its versatility, affordability, and wide range of applications. WithIn the plastic segment, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polystyrene are commonly used materials for bottles and jars, cans, bags, cups and tubs, and boxes. Rigid food packaging, including cans and bottles, is popular for grain mill products, dairy goods, fruits and vegetables, bakery products, meat products, candy and confections, and ready-to-eat (RTE) meals.
• Semirigid and flexible containers, such as cups and tubs, are ideal for non-viscous food products like snacks, desserts, and frozen meals. The focus on food quality, hygiene, and shelf life is driving innovation in food container design, with an emphasis on materials that can preserve food while minimizing food contamination and greenhouse gas emissions. Lightweight containers made of polymer molecules are gaining popularity due to their durability, temperature resistance, and reduced transportation and storage costs. However, concerns over food contamination and environmental impact are limiting the potential growth of conventional plastic containers, especially in developed countries. As consumers increasingly prioritize sustainable food storage solutions, companies are investing in research and development to create containers that are both functional and eco-friendly.

What challenges does US Food Storage Container Market face during the growth?

Issues regarding health and environmental safety is a key challenge affecting the market growth.

• The food container market In the US encompasses various materials, including Paperboard, Metal, Glass, Plastic, Bottles and Jars, Cans, Bags, Cups and Tubs, and Boxes. Rigid and semirigid containers are popular for their durability and ability to preserve food quality, while flexible containers offer lightweight solutions for non-viscous food products like snacks, desserts, and bakery and confectionery items. Materials used in food containers, such as HDPE, LDPE, PET, PP, and polystyrene, can pose environmental issues due to their production and disposal. However, the plastic segment continues to dominate the market due to its affordability and versatility. Food quality and food contamination are significant concerns In the food container market.
• Manufacturers must adhere to regulations, such as the Federal Food, Drug and Cosmetic Act (FDCA), which requires approval from the FDA or USDA for food contact materials. Ecommerce has significantly impacted the food container market, with the increasing demand for ready-to-eat (RTE) meals, frozen meals, and snacks. Double-income households, single-person households, and metropolitan areas contribute to the growth of the market. Food containers play a crucial role in transportation, storage, and preservation, affecting food output, shelf life, and food quality. Hygiene and greenhouse gas emissions are essential considerations In the production and disposal of food containers. In conclusion, the food container market In the US is a dynamic and evolving industry, with various materials, regulations, and consumer trends shaping its growth.
• Manufacturers must prioritize food quality, food safety, and environmental sustainability to meet the demands of consumers and regulatory bodies.

Exclusive US Food Storage Container Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Amcor Plc
• ARD Finance S.A.
• Berry Global Inc.
• Cambro Manufacturing Co.
• Carlisle Companies Inc.
• Container Supply Co. Inc.
• Coveris Management GmbH
• LocknLock Co.
• Newell Brands Inc.
• Novolex
• Plastipak Holdings Inc.
• Polytainers Inc.
• Quality Carriers
• Sealed Air Corp.
• Silgan Holdings Inc.
• Sonoco Products Co.
• The Vollrath Co. LLC
• Tupperware Brands Corp.
• United States Plastic Corp.
• Weener Plastics Group BV

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The food storage container market In the US is a significant sector withIn the broader packaged food industry. This market encompasses a range of container types, including material categories such as paperboard, metal, glass, plastic, and various packaging formats like bottles and jars, cans, bags, cups and tubs, and boxes. These containers serve diverse functions, catering to various food types, such as grains, dairy goods, fruits and vegetables, bakery products, meat products, candy and confections, and ready-to-eat (RTE) meals, among others. The food storage container market is driven by several factors. The increasing demand for packaged food products due to the rise of double-income households, metropolitan areas, and single-person households is a primary growth driver.

These demographics seek convenience and extended food preservation, leading to a higher demand for food containers that offer durability, shelf life, and hygiene. Moreover, the food container market is influenced by the environmental impact of various container materials. For instance, plastic containers, which dominate the market, have been under scrutiny due to their environmental footprint. However, advancements in plastic technology have led to the production of eco-friendly options, such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polystyrene. These materials offer improved environmental performance, including reduced greenhouse gas emissions and lightweight containers, making them more attractive to consumers and manufacturers.

Food quality and food contamination are crucial factors influencing the food container market. Containers that ensure proper food preservation and prevent contamination are in high demand. Food contamination can lead to foodborne illnesses, such as food poisoning, which can negatively impact consumers and manufacturers. Therefore, food container manufacturers focus on developing containers with advanced preservation capabilities and enhanced hygiene features. The food container market is diverse, with various segments catering to different food types and packaging formats. Rigid food packaging, such as bottles and jars, cans, and boxes, is widely used for non-viscous food products, bakery, and confectionery products.

Flexible containers, like bags, are suitable for snacks, desserts, and other food items. The plastic segment, which includes HDPE, LDPE, PET, PP, and polystyrene, holds a significant share of the food container market. Plastic containers offer advantages such as lightweight, durability, and ease of use. However, they also present challenges related to their environmental impact. In conclusion, the food storage container market In the US is a dynamic and evolving sector, influenced by factors such as consumer demographics, environmental concerns, food quality, and food contamination. Manufacturers must continuously innovate to meet the demands of consumers and regulatory bodies while addressing the challenges associated with various container materials.

The market will continue to grow, driven by the increasing demand for packaged food products and the need for sustainable, high-quality, and safe food storage solutions.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across US
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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