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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.
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.
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
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by shape
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
Tags: glass containers, round containers, kitchen products, kitchen accessories, food storage containers top companies, food storage containers market analyst,
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