CHICAGO, May 2, 2024 /PRNewswire/ — According to Arizton’s latest focus insight report, the U.S. food storage container market is growing at a CAGR of 2.67% during 2023-2029.
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The U.S. food storage container market report contains exclusive data on 50 vendors. The U.S. food storage container market is highly fragmented due to a larger number of players ranging from regional, small manufacturers to large, international players.
U.S. Food Storage Container Market Report Scope
|
Report Attributes |
Details |
|
Market Size (2029) |
$42.36 Billion |
|
Market Size (2023) |
$36.15 Billion |
|
CAGR (2024-2029) |
2.67 % |
|
Historic Year |
2020-2022 |
|
Base Year |
2023 |
|
Forecast Year |
2024-2029 |
In the US food storage container market, many new trends lead to drive the demand for food storage containers. In this market, consumers are continuously looking for sustainable options for food storage, this is rising due to the increasing use of biodegradable, recycled, and compostable materials. Food service operators seek customization in food storage products that meet their branding requirements and other specific needs. The consumer preference for durable and lightweight food storage products is rising significantly in the US market. They are also looking for transparent material-based containers like glass & acrylic. Consumer preference for smart technology-based food storage containers is rising considerably due to features like temperature sensors, portion control, and food freshness tracking. The HoReCa industry users are looking for containers that are easy to store and use and can stand against any element during delivery and transportation. The consumer preference for stackable and modular containers is growing significantly in the US food storage container market.
Plastic Food Storage Containers Dominating the Market with a CAGR of 2.44%
The plastic segment of material segmentation dominates the US food storage container market. This is due to its properties of affordability, versatility, lightweight, leakproof & airtight, and durability. Plastic is generally known as the most affordable material for food storage containers, making it more accessible to a wide range of consumers.
Plastic is lighter than metal and glass, which makes them easier to transport and handle. It can be easily molded in various shapes and sizes. Thus, it offers various options for food storage containers in the US market. The significant demand for plastic bags & pouches is there in the US due to urbanization and convenience.
Many companies are offering a wide variety of plastic-based food storage containers in the US market, including Amcor PLC, Berry Global Inc., Newell Brands, Silgan Holdings Inc., Corelle Brands, The Container Store, The Clorox Company, Container Supply Co. Inc., Pactiv Evergreen, Dart Container Corporation, Sealed Air Corp., etc. It drives the demand for food storage containers in the US market during the forecast period.
Rising Popularity of Smart Containers Opening New Avenues in the Market
Technological advancement in food storage containers has opened new opportunities for both manufacturers and consumers. Smart food storage containers are equipped with data tracking and sensors. It helps to monitor real-time information and monitor food freshness. Sensors monitor humidity and temperature to alert the spoilage of food. The tracking system helps check and send reminders when food items are running low. The smart scales help to track the weight of the food removed or added and help to manage portion sizes. Consumers are continuously looking for new ways to reduce food waste. As per Feeding America, people waste around 80 million tons of food every year in the US. Thus, demand for food storage containers in the US market is expected to grow significantly in the upcoming years.
The U.S. Food Storage Container Market Dynamics
Drivers
Growing Popularity of Sustainable Containers
Rising Demand for Durable & Lightweight Containers
Rising Demand for Durable & Lightweight Containers
Challenges
Growing Environmental Issues
Volatility in the Price of Raw Materials
Lack of Product Differentiation
Why Should You Buy This Research?
- Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing the performance of various competitors.
- Identify emerging players with potentially strong product portfolios, enabling the creation of targeted counter strategies to establish a competitive advantage.
- Organize your sales and marketing efforts by identifying the market categories and segments that offer maximum opportunities for strategic partnerships.
- Provide granular-level analysis for market segmentation across all areas to analyze future market opportunities.
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Segmentation & Forecast
- Material
- Plastic
- Glass
- Metal
- Others
- Product
- Jars, Canister, & Cans
- Boxes & Bins
- Bags & Pouches
- End-User
- Residential
- HoReCa
- Others
- Distribution Channel
- Supermarket & Hypermarket
- Specialty Stores & Retail Stores
- Online Stores
Vendors List
- Key Vendors
- Amcor PLC
- Berry Global Inc.
- Newell Brands
- O-I Glass, Inc.
- Silgan Holdings Inc.
- Tupperware Brands Corporation
- Other Prominent Vendors
- Anchor Hocking, LLC
- Corelle Brands
- Crown Holdings, Inc.,
- Helen of Troy Limited
- Lock & Lock Co., Ltd.
- Plastipak Holdings, Inc.
- S.C. Johnson and Son
- Sonoco
- The Container Store
- The Clorox Company
- Better Homes & Gardens
- Blue Gingko
- Cambro Manufacturing Co.
- Caraway
- Carlisle Companies Inc.
- Chef’s Path
- Constar International Inc.
- Container Supply Co. Inc.
- Dart Container Corporation
- Dwellza
- Genpak
- GLASSLOCK USA Inc.
- Komax USA
- Le’raze Décor
- Lifetime Brands, Inc.
- Lindar Corp.
- Molded Fiber Glass Company
- Moss & Stone
- Novolex
- Pactiv Evergreen
- Polytainers Inc.
- Prepara
- Progressive International Corporation
- Ring Container Technologies
- Sealed Air Corp.
- The Home Depot
- The Vollrath Co. LLC
- Thermos LLC
- U.S. Plastic Corp
- Vremi
- Vtopmart
- Weener Plastics Group BV
- Yamazaki Home
- Zwilling
Key Questions Answered in the Report:
How big is the U.S. food storage container market?
What is the growth rate of the U.S. food storage container market?
What are the growth drivers of the U.S. food storage container market?
Who are the key players in the U.S. food storage container market?
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