The Household Food Storage Containers Market is segmented by Product (Metal, Glass, Plastic), Application (Grain Mill Products, Fruits & Vegetables, Bakery Products, Meat Processed Products, Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World). The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
What is a household storage container?
Household food storage containers help with safety and maintaining a high quality of food. These containers help in extending the shelf life of the food, which depends on the packaging, food type, and storage conditions such as humidity and temperature. Food storage containers are essential for any kitchen.
Key players operating in the household food storage containers market are-
Alcan Packaging Food Americas (US)
Caraustar Industries Incorporated (US)
Anchor Glass Container Corporation (US)
Constar International Incorporated (US)
Plastipak Holdings Incorporated (US)
Evergreen Packaging (US)
Ring Companies (US)
Rio Tinto Group (UK)
Sonoco Products Company (US).
The rising number of working women population, increasing number of families consuming packaged food items, along a growing surge in double-income families are some of the key factors augmenting the product demand. Moreover, the emergence of low-cost packaged foods, growing population across urban cities as well as rising number of single-person households, further boosts the market growth in the coming years.
The household food storage container market is classified into metal, glass, and plastic. The plastic segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to its favorable properties such as its being undamaged from any small wear and tear, non-breakable, and lightweight has encouraged manufacturers to save costs in their transportation. Also, it also helps in lowering the cost of the product, which bolsters segment growth.
The Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to a rise in household income, an increase in the middle-class population, rapid urbanization, increasing population growth, and change in lifestyles of the population, Also, the strong presence of the food processing sector in the region, further proliferates the regional market growth.
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