Global Food Storage Containers Market 2017-2021

Global Food Storage Containers Market outlook

According to the food storage containers market forecast, this market will grow at a steady rate and post a CAGR of close to 4% during the forecast period. The increasing focus on preventing cross-contamination by extending the shelf life of food products will propel the growth prospects for the global food storage containers market until the end of 2021. Since the wastage of food products often causes financial losses for retailers, vendors have come up with active food and beverage storage containers that maintain product quality by increasing the shelf life of the food products and increase their profit margins.

Global Food Storage Containers Market growth

One of the major factors responsible for market growth is the increasing demand for product quality, in terms of flavor and freshness. In addition, some of these manufacturers are offering glass containers with tight-fitting lids and are investing heavily in modern technology to design best products that can store the food product for a longer period. Moreover, the market witnesses a continual demand from many food service operators such as restaurants and hotels that purchase food products and groceries in bulk and store in food storage containers for an increased shelf life.

Based on the food storage containers market analysis, the increasing demand for more sophisticated design will drive the growth prospects for the global food storage containers market for the next four years. One of the major factors responsible for the growing demand for sophisticated design and efficient products is to offer end-users with a range of food storage containers that are efficient and require very less maintenance.

Global Food Storage Containers Market growth opportunities for key vendors

The global food storage containers market is highly fragmented and competitive due to the presence of a large number of multinational, regional, and local vendors across the globe. According to the industry research report, the local players offer innovative solutions at a lower price, which strengthens the competitive environment of the market. It has also been noticed that the smaller and local market players find it difficult to compete against the international vendors in terms of quality, features, and range of offerings.

Key vendors in this market

• Cambro
• Carlisle
• Newell Brands
• Vollrath

Global Food Storage Containers Market by shape

• Round
• Square
• Rectangle

The round food storage containers segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the growing preference for round containers among end-users is its benefit of storing dry ingredients as they do not leave any space for the food to get stuck. This, in turn, contributes to the growth of food storage containers market size and share.

Global Food Storage Containers industry trend based on geography

• Americas
• APAC
• EMEA

The Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. One of the major factors responsible for the growing preference for food storage containers in the market is the increasing demand for food products in the commercial segment. Additionally, the increasing number of foodservice establishments will also drive the market’s growth in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global food storage containers market?
• What are the key market trends impacting the growth of the global food storage containers market?
• What are the challenges to market growth?
• Who are the key vendors in the global food storage containers market?
• What are the market opportunities and threats faced by the vendors in the global food storage containers market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global food storage containers market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Food Packaging Machinery Market 2016-2020
• Global Packaging Machinery Market 2016-2020
• Global Food and Beverage Packaging Machinery Market 2016-2020
• Global Flexible Packaging Market for Food and Beverages 2016-2020