US Food Storage Containers: Market Analysis, Growth and Forecast 2017-2021

This market research report identifies Cambro Manufacturing, Carlisle, Newell Brands, and Vollrath as the key vendors in the food storage container market in the US. This report also presents a detailed market segmentation of the market by shape (round, rectangle, and square) and end-user (restaurants, catering, hotels, and bars).

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The market research analyst the food container market in the US will grow at a CAGR of close to 4% during the forecast period. One of the primary factors driving this market’s growth is the growing preference for durable and lightweight containers. The constant rise in urbanization has led to the increase in people’s spending on food and food service establishments.

Moreover, there is also a sharp increase in the number of supermarkets and hypermarkets offering fresh food. Furthermore, the rise in organized retail segment has led to changes in the shopping patterns of the market with vendors trying to develop food and storage containers in new sizes and patterns to meet the demands of the end user. Innovations to maintain freshness, enhancing safety and convenience, and extended shelf life are some of the key aspects the vendors are focussing on to cater to the augmented demand for food containers. With significant investments being made by the vendors in designing and producing lightweight and durable products, this market is anticipated to have a positive outlook over the coming years.

One of the latest trends that will gain traction in the food storage container market in the US is the use of non-reactive and non-toxic materials for manufacturing food storage containers. Factors like improper usage of different ingredients, commodities, and raw materials leading to food contamination can have an adverse effect on the businesses. Seen as one of the biggest threats, food contamination is a major challenge for the food service companies in the US. Measures like Hazard analysis and critical control points (HACCP), a precautionary food safety approach helps mitigate the food-related hazards in any food service sector. Presently, the food safety management system (FSMS) is being adopted by many food chains in the US to evaluate and establish measures to prevent potential hazards related to food.

Competitive analysis and key vendors:

The present market in the US is driven by constant product innovations in the food service industry and has led to rise in the sales of the food containers. Many users opt for food storage containers to keep a check on the freshness of the food and manufacturers are keen on providing improved odour-eliminating containers with developing advanced functional benefits that help the end-users better. The food storage container market in the US is largely split with many multinational and local vendors. Innovative solutions offered by small and regional vendors at a lower price point leading to price wars and immense competition among the international players. Vendors have a huge space for innovation owing to the increase in demand for fresh food products and quality evaluators like convenience, aesthetic appeal, and the ability to preserve taste and flavor of food assess the brand image.

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Some of the key vendors in the market are:

• Cambro Manufacturing
• Carlisle
• Newell Brands
• Vollrath

Other prominent players include Addis, AJ Stuart, Anchor Hocking, and Araven.

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This release was published on openPR.