Global Food Storage Container Market Poised for Robust Growth

The global food storage container market is projected to reach US$212.45 billion by 2030, growing at a CAGR of 4.58% from 2024 to 2030. This growth is driven by increasing consumer demand for convenience, sustainability, and food safety. Plastic containers dominate the market due to their affordability and durability, while glass containers are expected to grow rapidly owing to their eco-friendly appeal. The market is segmented by product type (flexible packaging, paperboard, rigid packaging, metal, glass), application (grain mill products, dairy goods, fruits & vegetables, bakery products, meat processed products, others), and end-user (restaurants, catering, hotels, bars). ​

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Competitive Landscape and Regional Demand

Key players in the market include Amcor, Silgan Holdings, Newell Brands, and LocknLock Co., focusing on product innovation, sustainability, and strategic partnerships. The Asia-Pacific region holds the largest market share, accounting for over 38% in 2023, driven by a fast-expanding food processing industry and substantial government support. The Middle East and Africa region is experiencing significant growth, expected to reach USD 10,732.47 million by 2027, fueled by increasing demand for packaged food and sustainability trends. ​

Growth and Opportunities in the United States

The U.S. food storage container market is expected to expand at a CAGR of 3.4% from 2024 to 2030. This growth is attributed to the rising demand for convenience foods and advancements in food safety measures. Companies like Amcor have made significant acquisitions, such as the purchase of Bemis Company for $5.25 billion, to strengthen their market position. ​

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Expansion and Trends in Asia-Pacific

Asia-Pacific's food container market was valued at USD 64.50 billion in 2023 and is projected to reach USD 102.47 billion by 2033, growing at a CAGR of 4.73%. This growth is driven by changing consumer lifestyles, increasing demand for canned goods, and rising disposable incomes. Major investors in the Indian food market include Kraft Heinz Company, Danone, Nestle, McCain, and Mars. ​

Consolidation and Developments in the Middle East and Africa

The Middle East and Africa food storage container market is expected to reach USD 10,732.47 million by 2027, with a CAGR of 3.5% from 2020 to 2027. Growth is driven by increasing demand for packaged food, sustainability trends, and urbanization. Countries like Saudi Arabia, the UAE, South Africa, Nigeria, and Kenya are experiencing significant growth due to expanding economies and growing middle-class populations. ​

Updation and Trends in Europe

Europe's food storage container market is witnessing significant developments, with companies like Silgan Holdings acquiring Easytech Closures S.p.A. and Unicep Packaging to expand their product offerings. Additionally, Plastipak announced a recycling investment at its Toledo, Spain plant, aiming to convert PET flakes into food-grade recycled pellets, enhancing sustainability in the region. ​

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Market Segmentation: In-Depth Analysis:

by Product Type

Flexible Packaging
Paperboard
Rigid Packaging
Metal
Glass

by Application

Grain Mill Products
Dairy Goods
Fruits & Vegetables
Bakery Products
Meat Processed Products
Others

by End User

Restaurants
Catering
Hotels
Bars

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Market Key Players : In-Depth Analysis:

1. Bemis Company, Inc.
2. Berry Plastics Corporation
3. Graham Packaging Company
4. Graphic Packaging International, LLC
5. Ball Corporation
6. Constar International UK Ltd.
7. Anchor Glass Container Corporation
8. Plastipak Holdings, Inc.
9. PRINTPACK
10. Alcan Packaging

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