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Global Household Food Containers Market Size By Product (Metal, Glass), By Application (Grain Mill Products, Fruits & Vegetables), By Geographic Scope And Forecast
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Household Food Containers Market Size And Forecast
Household Food Containers Market size was valued at USD 25.90 Billion in 2022 and is projected to reach USD 38.85 Billion by 2030, growing at a CAGR of 5.20% from 2023 to 2030.
The emergence of packaged food as one of the most lucrative segments of the global food and beverage industry in the past few years has fueled large-scale developments across the market for food containers. The continuously widening array of available product varieties in the market and their broadening scope of applications are presenting significant growth opportunities to companies operating in the field of food packaging. The Global Household Food Containers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Household Food Containers Market Definition
Household Food Storage Containers help with safety and maintaining a good quality of food. Ideal Household Food Storage Containers extend the period of food, which depends on the food type, packaging, and storage conditions, particularly temperature and humidity. Today, several food packaging and containers constructed of various materials are readily available. Containers for storing food are necessary in any business kitchen. They come in various sizes in round, square, or rectangular shapes and different colors and materials.
In developed nations, the market for household food storage containers has been established for a long time. Flexible bags, sacks, paperboard, stiff plastic containers, metal containers, and glass bottles are all types of food storage. The market is anticipated to grow due to the importance of flexible packaging materials in the nutrition industry due to its exceptional qualities, including scent retention, good heat insulation, and moisture barrier resistance.
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Global Household Food Containers Market Overview
The increasing number of women in the workforce, coupled with the growing number of families consuming packaged foods, and a vast surge in double-income families are the key to the healthy growth prospects of the global market for food containers. Other crucial factors expected to accelerate the market for food containers include the rising population across urban settings and the increasing number of single-person households.
Moreover, the emergence of packaged food as one of the most lucrative segments of the global food and beverage industry in the past few years has fueled large-scale developments across the market for food containers. The continuously widening array of available product varieties in the market and their broadening scope of applications are presenting significant growth opportunities to companies operating in the field of food packaging. This has positively anticipated propelling the growth of the global household food containers market.
There are certain restraints and challenges faced which will hinder the overall market growth. The factors such as a lack of skilled workforce are limiting the market growth. Also, the continuous fluctuations in the price of the upstream product will impact the production cost of household food storage containers. Besides, the stringent government rules and regulations and the availability of substitutes owing to changing behavior towards green products for environmental concerns are potential restraints hampering the overall growth of the global household food containers market.
Global Household Food Containers Market: Segmentation Analysis
The Global Household Food Containers Market is segmented based on Product, Application, And Geography.
Household Food Containers Market, By Product
- Metal
- Glass
- Plastic
Based on Product, the market is bifurcated into Metal, Glass, and Plastic. The plastic segment holds the largest market share for the forecast period. The favorable properties of plastic such as being non-breakable, undamaged from any small wear and tear, and lightweight have induced manufacturers to save costs in their transportation. Additionally, it also helps in lowering the cost of the product. This is accelerating the demand for the plastic segment.
Household Food Containers Market, By Application
- Grain Mill Products
- Fruits & Vegetables
- Bakery Products
- Meat Processed Products
- Others
Based on Application, the market is bifurcated into Grain Mill Products, Fruits & Vegetables, Bakery Products, Meat Processed Products, and Others. The meat processing segment is estimated to witness the highest CAGR for the forecast period. The factors that can be attributed to the increasing sales volumes of frozen beef product forms in developed countries including the U.S. and Germany are fueling the demand for this segment.
Household Food Containers Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of regional analysis, the Global Household Food Containers Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia-Pacific holds the largest market share. The increasing Population growth, rapid urbanization, and rising disposable income in developing countries including China, India, Bangladesh, and Thailand are anticipated to play an important role in increasing the industry size of the food & beverage sector coupled with strong governmental initiatives and ongoing projects will boost the market in the APAC region.
Key Players
The “Household Food Containers Market” study report will provide valuable insight with an emphasis on the global market. SC Johnson, Rubbermaid, Clorox, Tupperware, Lock & Lock, World Kitchen, ARC, IKEA, Thermos, Zojirushi, Tiger Corporation, EMSA, Leyiduo, Zhenxing, Hamilton Group, and others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Household Food Containers Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Household Food Containers Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
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Global Household Food Containers Market: Research Methodology
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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