"A compelling Food Storage Container Market report offers insights into the fluctuation of the CAGR (Compound Annual Growth Rate) during the forecast period spanning . This comprehensive market report encompasses a multitude of factors that exert influence on the market. It includes industry insights, critical success factors (CSFs), market segmentation, and value chain analysis, along with industry dynamics, drivers, restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis, and key company profiles. Utilizing a specific base year and historical data, the report conducts estimations and calculations of paramount importance. The Food Storage Container Market report serves as a valuable resource, offering current and forthcoming technical and financial details pertaining to the industry up to the year.
Data Bridge Market Research analyses that the food storage container market is expected to reach USD 227.19 billion by 2030, which was USD 158.54 billion in 2022, registering a CAGR of 4.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand. Popular Cutlery
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Nowadays, awareness regarding sustainability issues and environmental challenges related to food packaging is growing rapidly, which positively influences the growth of the food storage container market. Moreover, the growing focus of manufacturers on aesthetics and innovation of the food containers is significantly attracting food manufacturers to provide their products in different innovative food packaging, which, in turn, is likely to increase the market growth in the upcoming period.
Food Storage Container Market Scope and Segmentation
A food storage container stores food products in the freezer or refrigerator at room temperature. Various options are available for storing food products, such as bottles and jars, cans, bags, cups and tubs, and boxes. Before choosing the right type of container, numerous factors must be engaged into consideration. Consider the kind of storage, such as storage at room temperature, refrigerated, or frozen, the length of storage, the type of food, and the amount of storage space.
Food Storage Container Market Dynamics
A bag is a flexible thin paper or plastic container for storing, carrying, and holding products. Bags are widely used to store various eatable products such as fruits and vegetables, bakery & confectionery goods, frozen foods, and meat and meat-related products. Various pouches include twin pouches, gussets, corner spouts, stand-up pouches, flat pouches, and many others used as food storage containers. All these pouches are used for the packaging of eatable products depending on the various properties it offers. Therefore, increasing the usage of the bag for food storage is expected to propel the market growth.
One of the primary factors likely to drive market growth is the increasing demand for maintaining food quality. Food storage containers keep food products fresh and also maintain the quality of the food products. Furthermore, by keeping food in food storage containers, the consumers will help keep the food fresh than leaving them in other boxes. As a result, the demand for food storage containers increased, boosting market growth.
The e-commerce sector has grown significantly over the last few years. As per the United Nations Conference on Trade and Development report, global e-commerce sales were worth USD 25.6 trillion in 2018, with the U.S., China, and Japan accounting for the three major e-commerce markets globally. In the U.S., the e-commerce sector registered an enormous jump of 44 percent, almost tripling the 15 percent increase registered in 2019. With the growth and expansion of e-commerce, the increasing sales of food products online further surge the demand for the food storage container. This will create ample opportunities for market growth.
As the world continues to fight the effects of weather change, consumers are changing their preferences to encourage more environmentally friendly and sustainable packaging products. As a result, major market players' goal is to shift their packaging materials to fulfill the requirements of the consumers. Furthermore, Generation Z is willing to pay more for environmentally packaged products such as eco-friendly food storage containers, which is another factor that is expected to generate ample opportunities within the market over the forecast period.
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The food storage container market is segmented on the basis of materials, products, packaging type, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Key Benefits of the Report:
What insights readers can gather from the Food Storage Container Market report?
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