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Food Storage Container Market Size

Report ID: GMI6334
Published Date: Jul 2023
Report Format: PDF

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Food Storage Container Market Size

Food Storage Container Market size was valued at USD 148 billion in 2022 and is estimated to register over 4.1% CAGR from 2023 to 2032. The rise of food delivery and takeout services, especially during the COVID-19 pandemic, led to an increased demand for food storage containers that are suitable for preserving and transporting various types of food. The growing number of single-person households and busy lifestyles have driven the demand for smaller food storage containers that offer portion control and easy storage.

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Increasing awareness of environmental issues has led to a preference for food storage containers made from sustainable and eco-friendly materials, such as biodegradable or compostable plastics, glass, or stainless steel.

Food Storage Container Market Report Attributes
Report Attribute	Details
Base Year:	2022
Food Storage Container Market Size in 2022:	USD 148 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.1%
2032 Value Projection:	USD 221 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	191
Growth Drivers:	Growing food industry Growing population Rapid urbanisation
Pitfalls & Challenges:	Environmental Concerns Competitive Market Landscape Material Selection and Cost

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One of the significant challenges for the food storage container market is addressing environmental concerns related to plastic waste. The extensive use of single-use plastic containers can lead to pollution and environmental degradation, prompting consumers and governments to seek more sustainable alternatives. The industry must comply with various health and safety regulations related to food contact materials. Finding the right balance between cost-effective materials and meeting consumer demand for eco-friendly options can be a challenge for manufacturers. Thus, the risks associated with food storage container may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for food storage container was reached USD 148 billion in 2022 and will be worth USD 221 billion by 2032.

Food storage container market share from the plastics segment was valued at USD 42.6 billion in 2022 and will grow by 2032 as these plastic containers are lightweight and easy to handle, making them convenient for everyday use and on-the-go food storage.

U.S. dominated the North America food storage container market with a value of USD 32.1 billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, owing to the growing awareness about environmental issues which is boosting the demand for sustainable and eco-friendly food storage containers in the region.

Tupperware Brands Corporation (United States), Rubbermaid Commercial Products (United States), OXO International (United States), Snapware Corporation (United States), Lock & Lock Co., Ltd. (South Korea), Pyrex (United States), Cambro Manufacturing Company (United States), and Zojirushi Corporation (Japan).