Global Food Storage Container Market Research Report, Information: by Type, by Material (Plastic, Paper, Metal, Glass), by Product (Bag, Pouch, Containers), by Application (Fruits & Vegetable, Meat Product, Candy & Confection), Region - Forecast till 2023Food storage containers are used to store food items so as to prevent wastages, maintaining them in proper condition.
These containers play a vital role in enhancing safety and maintaining the quality of the foods by preventing the growth of microorganisms.They are handy when preparing for emergencies have proven to be far more useful for protecting foods & fresh produce for a while.
Moreover, the substantial investment made in the development of biodegradable and eco-friendly materials having properties such as BPA-free, microwave-safe/leakproof/stainproof, and airtight quality escalates the market on the global platform.Recognizing the kind of traction, this market is witnessing currently, Market Research Future (MRFR) in its recently published study analysis asserts that the global food storage container market will witness significant growth by 2023, registering a CAGR over 4.19% during the forecast period (2016-2023).Versatile, economical, and lightweight, food storage container materials are evaluated for their quality to withstand for an extended period.
Resultantly, the Food Storage Container market enjoys great traction worldwide.Additional factors that are substantiating the growth of the market include rising population and improving economic conditions that increase consumer’s purchasing power.
Moreover, government initiatives for promoting eco-friendly materials are providing additional impetus to the growth of global food storage container market.Global Food Storage Container Market – Geographical AnalysisThe Asia Pacific, heading with the fast moving consumer goods (FMCG) sector accounts for the leading region in the global food storage container market.
Factors such as the high demand in the FMCG sector alongside the food contact material regulations set by the governments in various countries, such as Australia, China, Japan, India, Malaysia, and Singapore, are fostering the regional market.China holds the largest share in the regional food storage container market, owing to the regulations directed by the government.