MillerPeet (1)

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Global Food Storage Container Market is expected
to expand at 4.19 CAGR during the forecast
period.  
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Market Highlights The global food storage
container market is expected to gain an
unprecedented value of USD 347,993.6 million by
2023 with a CAGR of 4.19 during the forecast
period (20182023). The report covers
segmentation and the market dynamics for a better
glimpse of the market during the forecast period.
Food storage containers are used for the
packaging of food for retaining the quality of
food products and ensuring safe transport and
storage food products. Food storage containers
are made from plastic, paper, metal, and glass as
per the applications of the product. Food storage
containers are mainly made from plastic due to
their low cost, recyclability, and reusable
properties. Get a Sample Copy of This
Report https//www.marketresearchfuture.com/samp
le_request/7725
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Regional Analysis Based on region, the market
is segmented into the Americas, Europe,
Asia-Pacific, and the Middle East Africa. In
2017, Asia-Pacific is anticipated to lead the
food storage container market during the forecast
period, followed by Europe and the Americas.  The
food storage container market in Asia-Pacific is
expected to witness steady growth, owing to the
high demand for fast moving consumer goods
(FMCG). Additionally, the food contact material
regulations set by the governments in various
countries, such as Australia, China, Japan,
India, Malaysia, and Singapore, are anticipated
to propel the demand for food storage containers
during the forecast period. Additionally, China,
followed by Japan, is expected to dominate the
food storage container market in
Asia-Pacific. The global food storage container
market is expected to reach USD 347,993.6 million
at a CAGR of over 4.19 by 2023 of the forecast
period. Browse Complete Report Details
https//www.marketresearchfuture.com/reports/food-
storage-container-market-7725
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Segmental Analysis The global food storage
container market is segmented based on type,
material, product, and application. Based on
type, the global food storage container market is
segmented into into rigid and flexible. The
flexible segment is expected to dominate the
market, due to growing flexible packaging
industry at a rapid rate and is replacing rigid
packaging in food applications. Also, flexible
food packages are lighter and do not require
large quantities of raw materials for production
as compared to rigid containers. It includes
non-rigid structures, such as bags, pouches,
shrink films, tubes, sleeves, and carded
packaging. The flexible segment dominated the
market and was valued at USD 162,480.3 million in
2017. This value can reach USD 221,332.6 million
by 2023. The flexible segment is witnessing
significant growth and is expected to attain
5.40 CAGR during the forecast period. Based on
material, the global food storage container
market is segmented into plastic, paper
paperboard, metal, and glass. In 2017, the
plastic segment held the maximum market share and
was valued at USD 104,376.7 million. This value
can rise to USD 156,569.0 million by 2023. This
segment is expected to grow with the fastest CAGR
of 7.02 during the forecast period.
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Competitive Analysis Some of the prominent
players operating in the global food storage
container market report are Amcor and Bemis
company Inc., Tupperware Brands Corporation,
Newell Brands, LOCKLOCK Co., Ltd, Hamilton
Housewares Pvt. Ltd, Ball Corporation, Constar
International Constar International Inc.
(Plastipak Holdings, Inc.), Anchor Glass
Container Corporation, Associated Packaging,
Inc., Berry Global Inc., Crown Holdings, Inc.,
Graphic Packaging International, Inc., Graham
Packaging Company, Avery Dennison Corporation,
and ACCO Brands. Newell Brands considers new
product development as key strategy and has
consistently invested in research and development
of plastic container products, glass containers,
and food storage container product
differentiation to offer well designed products
to customers. It is focusing on its e-commerce
business division to generate maximum revenue and
partnering with different e-commerce companies.
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Key Competitors The key players of global food
storage container market are Amcor and Bemis
company Inc., Tupperware Brands Corporation,
Newell Brands, LOCKLOCK Co., Ltd, Hamilton
Housewares Pvt. Ltd, Ball Corporation, Constar
International Constar International Inc.
(Plastipak Holdings, Inc.), Anchor Glass
Container Corporation, Associated Packaging,
Inc., Berry Global Inc., Crown Holdings, Inc.,
Graphic Packaging International, Inc., Graham
Packaging Company, Avery Dennison Corporation,
and ACCO Brands.
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