Household Food Storage Containers Market: 2022 Analysis, Share, Trends, and Overview 2022-2028

The global household food storage containers market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022- 2028).

Household food storage containers supports in the safety of food and to maintain a good quality of food. They extend the shelf life of food, which depends on the food type, packaging, and storage conditions, particularly temperature and humidity. There is a wide selection of food packaging and containers now available made up of different materials. Food containers are used in the form of flexible bags, sacks, paperboard, rigid plastic containers, and many more. A food storage container is used to hold food at room temperature, in the refrigerator, or the freezer.

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The increase in working women, the increase in the number of families consuming packaged foods, and the increasing importance of flexible packaging material in the nutrition industry owing to properties such as aroma retention, good heat insulation, and moisture barrier resistance are some factors driving the growth of the global household food storage containers market. However, a lack of skilled workforce and price fluctuations are some restraining factors for the growth of the market.

The market is segmented based on the product type and application. Based on the type, the market is segmented into metal, glass, and plastic. Metal containers are ideal for storing or transporting liquid. Glass containers have a non-porous surface and they can be safely washed at higher temperatures and these containers are designed to withstand high heat without breaking. Plastic containers continue to be one of the most relied upon means of storing and transporting items. They are light in weight and also supports in lowering the cost of the product.

Some major players in the market include Tupperware Brands Corp., Sonoco Products Co., and Anchor Glass Container Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in May 2022 Japanese multinational corporation, Mitsui and food container manufacturer FP Corp. (FPCO) entered an agreement to buy all the shares of Lee Soon Seng Plastic Industries (LSSPI).

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Tupperware Brands Corp., Sonoco Products Co., and Anchor Glass Container Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Household Food Storage Containers Market Report by Segment

By Product Type
• Metal
• Glass
• Plastic

By Application
• Grain Mill Products
• Fruits and Vegetables
• Bakery Products
• Meat Processes Products
• Others

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This release was published on openPR.