Market Size of Home Food Storage Containers Industry
Study Period | 2020-2029 |
Market Size (2024) | USD 26.55 Billion |
Market Size (2029) | USD 33.55 Billion |
CAGR (2024 - 2029) | 4.79 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Home Food Storage Containers Market Analysis
The Home Food Storage Containers Market size is estimated at USD 26.55 billion in 2024, and is expected to reach USD 33.55 billion by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).
The food storage containers market is growing globally due to the increased awareness regarding sustainability issues and environmental challenges. Manufacturers focus on the aesthetics and innovation of food containers to provide customers with different innovative food packaging, expanding the market's growth.
Consumers are changing their preferences to promote environmentally friendly and sustainable packaging products because the world continues to fight against the effects of weather change. Significant players in the market are changing the packaging materials to meet customers' requirements. For instance, the environmentally conscious Z generation promotes eco-friendly packaging products, such as food storage containers, which creates opportunities for the market.
Manufacturers are increasing production levels with the rise in demand for food containers to store ready-to-eat meals. Rising urbanization, changing lifestyles, and increased demand for packaged food support the growth of food storage containers in the future.
Home Food Storage Containers Industry Segmentation
A food storage container stores food products in the freezer or refrigerator at room temperature. Food storage containers are available in different options, such as bottles and jars, cans, bags, cups and tubs, and boxes. The home food storage containers are segmented into type, material, product, application, and geography. By type, the market is bifurcated into rigid and flexible. By material, the market is segmented into plastic, paper, metal, and glass. By product, the market is segmented into bags, pouches, and containers. By application, the market is segmented into fruits and vegetables, meat products, and candy and confections. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers market size and forecasts for the home food storage containers market in value (USD) for all the above segments.
By Type | |
Rigid | |
Flexible |
By Material | |
Plastic | |
Paper | |
Metal | |
Glass |
By Product | |
Bag | |
Pouch | |
Containers |
By Application | |
Fruits and Vegetables | |
Meat Products | |
Candy and Confections |
By Geography | |
North America | |
United States | |
Canada | |
Mexico | |
Rest of North America |
Asia-Pacific | |
India | |
China | |
Japan | |
Australia | |
Rest of Asia-Pacific |
South America | |
Brazil | |
Argentina | |
Rest of South America |
Europe | |
UK | |
Germany | |
Italy | |
Rest of Europe |
Middle East & Africa | |
South Africa | |
UAE | |
Rest of Middle East & Africa |
Home Food Storage Containers Market Size Summary
The home food storage containers market is experiencing significant growth, driven by increasing consumer awareness of sustainability and environmental issues. This shift in consumer preference towards eco-friendly and sustainable packaging solutions is prompting manufacturers to innovate and enhance the aesthetics of food storage containers. The market is expanding as manufacturers adapt to changing consumer lifestyles, with a rising demand for convenient and portable packaging options like bags and pouches. The trend towards packaged and processed foods further fuels the demand for these containers, as urbanization and evolving lifestyles contribute to the market's expansion.
North America leads the market, supported by the region's growing demand for home food storage solutions and advancements in the e-commerce sector. The preference for reusable and sustainable containers is particularly strong, as consumers seek alternatives to disposable plastic products. This has led to increased demand for BPA-free and food-safe containers. The market is characterized by fragmentation, with major players investing in research and development to broaden their product offerings and expand their global presence through strategic initiatives such as mergers, acquisitions, and new product launches. Notable companies in the market include The Clorox Company, Tupperware, Newell Brands, Amcor PLC, and LocknLock Co., each contributing to the market's growth through innovative product developments.
Home Food Storage Containers Market Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Preference Toward Home Cooked Meals
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1.2.2 Awareness on Food Waste and Sustainability
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1.3 Market Restraints
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1.3.1 Market Competition and Logistics Challenges
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1.3.2 Environmental Impact
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1.4 Market Opportunities
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1.4.1 Technological Advancements in the Home Food Storage Containers Market
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1.4.2 Increasing Shift Toward Environmentally Packaging Products
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porters' Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on Technology Innovation in the Market
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Rigid
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2.1.2 Flexible
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2.2 By Material
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2.2.1 Plastic
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2.2.2 Paper
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2.2.3 Metal
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2.2.4 Glass
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2.3 By Product
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2.3.1 Bag
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2.3.2 Pouch
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2.3.3 Containers
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2.4 By Application
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2.4.1 Fruits and Vegetables
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2.4.2 Meat Products
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2.4.3 Candy and Confections
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2.5 By Geography
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2.5.1 North America
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2.5.2 United States
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2.5.3 Canada
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2.5.4 Mexico
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2.5.5 Rest of North America
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2.6 Asia-Pacific
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2.6.1 India
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2.6.2 China
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2.6.3 Japan
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2.6.4 Australia
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2.6.5 Rest of Asia-Pacific
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2.7 South America
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2.7.1 Brazil
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2.7.2 Argentina
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2.7.3 Rest of South America
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2.8 Europe
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2.8.1 UK
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2.8.2 Germany
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2.8.3 Italy
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2.8.4 Rest of Europe
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2.9 Middle East & Africa
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2.9.1 South Africa
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2.9.2 UAE
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2.9.3 Rest of Middle East & Africa
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Home Food Storage Containers Market Market Size FAQs
How big is the Home Food Storage Containers Market?
The Home Food Storage Containers Market size is expected to reach USD 26.55 billion in 2024 and grow at a CAGR of 4.79% to reach USD 33.55 billion by 2029.
What is the current Home Food Storage Containers Market size?
In 2024, the Home Food Storage Containers Market size is expected to reach USD 26.55 billion.