Dublin, March 22, 2023 (GLOBE NEWSWIRE) -- The "Household Food Storage Containers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Household Food Storage Containers Market to Reach $37.9 Billion by 2030
The global market for Household Food Storage Containers estimated at US$25.8 Billion in the year 2022, is projected to reach a revised size of US$37.9 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.
Plastic, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$20.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Glass segment is readjusted to a revised 4.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 6.8% CAGR
The Household Food Storage Containers market in the U.S. is estimated at US$5.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.6 Billion by the year 2030.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel.
The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth.
2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 425 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $25.8 Billion |
| Forecasted Market Value (USD) by 2030 | $37.9 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Reusable Food Containers Hold Potential in Curbing the Spread of COVID-19
- How COVID-19 Pandemic is Likely to Impact the Future of Packaging Design?
- Competitive Scenario
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Household Demand Sets Perfect Ground for Expansion of Global Food Storage Container Market
- World Market for Household Food Storage Containers by Distribution Channel (2021 & 2027): Percentage Breakdown of Sales for Offline, and Online
- Salient Drivers & Restraints
- Analysis by Material
- World Market for Household Food Storage Containers by Material (2021 & 2027): Percentage Breakdown of Sales for Plastic, Glass, and Other Materials
- Regional Analysis
- World Household Food Storage Containers Market (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- World Household Food Storage Containers Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
- An Introduction to Household Food Storage Containers: Essential Components of Kitchens
- Improving Food Storage & Reducing Wastage with Food Containers
- Organizing & Managing Household Food Storage Containers Efficiently with Lids
- Recent Market Activity
- Select Global Brands
MARKET TRENDS & DRIVERS
- Food Containers Keep Frozen Foods Tasty and Safe
- Food Consumption Patterns to Influence Market Prospects
- Snacking Culture Pushes Up Demand
- E-Commerce Leads to Boom in Food Storage Containers Market
- Advent of Advanced Food Storage, Processing, and Preservation Techniques Minimize Risks Pertaining to Food Wastage and Loss
- Introduction of Advanced Technologies Fuel Demand for Food Storage Containers
- Increasing Environment Degradation Concerns Propel Demand for Sustainable Food Storage Containers
- Demand for Eco-friendly and Compact Food Storage Containers Witnesses a Surge
- Introduction of Stringent Guidelines for Curtailing Plastics Use Propel Demand for Sustainable Food Storage Units
- Upsides of Plastic-based Food Storage Containers
- Plastic Food Containers Mired Under Safety Concerns
- Concerns over Plastic Pollution Throw Spotlight on Eco-Friendly and Sustainable Food Storage Containers
- Average Time Taken for Different Packaging Solutions to Breakdown in the Environment
- Strict Government Regulations Drive Growth in Eco-Friendly Food Storage Containers Market
- Potential Adverse Effects of Chemicals Used in Food Packaging on Human Health
- Are There Safer Plastic Food Containers?
- Alternatives to Plastic Food Containers
- Glass vs. Plastic Food Storage Containers: Outperforming One Another in Specific Areas
- Favorable Demographic & Economic Trends Strengthen Market Prospects
- Ballooning Global Population
- Urbanization Trend
- Burgeoning Middle Class Population
FOCUS ON SELECT PLAYERS (Total 76 Featured)
- Accent-Fairchild Group
- Evergreen Packaging LLC
- Newell Brands
- Plastipak Holdings Incorporated
- Printpack Incorporated
- S. C. Johnson & Son, Inc.
- Sonoco Products Company
- Sterilite Corporation
- Tupperware U.S., Inc.
For more information about this report visit https://www.researchandmarkets.com/r/jd0ceu
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
