Global Airtight Container Market, Trends & Growth Opportunity, By Material (Polystyrene (PS), Polyethylene terephthalate (PET), Polyvinyl chloride (PVC), Glass, Metal, Others), By Application (Food & Beverages, Beauty & Cosmetics, Pharmaceuticals, Others), By Region and Forecast Till 2030.
Report ID : IR1001995 | Industries : Energy & Power | Published On :June 2024 | Page Count : 241
Global Airtight Container Market, Trends & Growth Opportunity, By Material (Polystyrene (PS), Polyethylene terephthalate (PET), Polyvinyl chloride (PVC), Glass, Metal, Others), By Application (Food & Beverages, Beauty & Cosmetics, Pharmaceuticals, Others), By Region and Forecast Till 2030.
Global Airtight Container Market
The global airtight container market was valued at USD 147.8 Bn in 2022 and is expected to expand to USD 231.43 Bn by 2030 at a CAGR of 5.57% during the forecast period 2023-2030.
Airtight containers are storage containers for food, medicines, and cosmetics. Airtight containers block air and moisture and prevent the contents inside the box from becoming spoilt. They help in maintaining freshness and increase the shelf life of the items. Airtight containers are majorly available in three materials, plastic, glass, and metal. Among metals, most airtight containers are of stainless steel. Stainless steel airtight containers are the strongest, whereas plastic ones are easily available for purchase, and are thus popular.
Market Drivers
The global airtight container market is driven by the growing food and beverages industry worldwide, as well as the increasing need for ready-to-eat foods. Employment participation is on the rise all over the world. With the rise in the working population, people are finding less time to prepare meals. Many prefer purchasing food in bulk and storing them in airtight containers. Moreover, many tend to cook their meals in large quantities to store them in airtight containers and refrigerate them for later consumption. This rising trend of storing large quantities of food for convenience is a primary factor driving the demand for airtight containers.
Market Restraints
The growing awareness of the harms of using plastic is likely to restrain the growth of plastic airtight containers. Foods stored in plastics may absorb the chemical properties of the plastic containers, which tends to affect health with long-term use. Long-term use of plastics is known to cause hormonal disruptions in the body. These factors can decrease the demand for plastic airtight containers, and thus the overall growth of the airtight containers market. However, this can create an increased demand for glass and metal airtight containers, which are a healthier choice.
Market Segmentation
The global airtight container market is segmented, by materials, such as Polystyrene (PS), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), glass, metal, and others. Further, the market is segmented by application, such as food & beverages, beauty & cosmetics, pharmaceuticals, and others.
Regional Analysis
The North American market for airtight containers is projected to hold the dominant share. This is due to the already existing culture of storing large quantities of food in households, as well as the mature pharmaceutical industry in the region.
The Asia Pacific region is likely to witness significant growth during the forecast period. Busier lifestyles, a growing working population, and the rising food and beverages, and pharmaceutical industries will support market growth in this region.
Key Players
Tupperware, Evergreen Packaging, Placon Corporation, Display Pack Inc, Sonoco Products Company, Cambro Manufacturing Company Inc, Anchor Packaging Inc, Graham Packaging, Lock&Lock, Bellemain Airtight.
Market Taxonomy
By Material
• Polystyrene (PS)
• Polyethylene terephthalate (PET)
• Polyvinyl chloride (PVC)
• Glass
• Metal
• Others
By Application
• Food & Beverages
• Beauty & Cosmetics
• Pharmaceuticals
• Others
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Airtight Container Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Airtight Container Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Airtight Container Market, By Material
5.1 Y-o-Y Growth Comparison, By Material
5.2 Global Airtight Container Market Share Analysis, By Material
5.3 Global Airtight Container Market Size and Forecast, By Material
5.3.1 Polystyrene (PS)
5.3.2 Polyethylene terephthalate (PET)
5.3.3 Polyvinyl chloride (PVC)
5.3.4 Glass
5.3.5 Metal
5.3.6 Others
6 Global Airtight Container Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Airtight Container Market Share Analysis, By Application
6.3 Global Airtight Container Market Size and Forecast, By Application
6.3.1 Food & Beverages
6.3.2 Beauty & Cosmetics
6.3.3 Pharmaceuticals
6.3.4 Others
7 Global Airtight Container Market, By Region
7.1 Global Airtight Container Market Share Analysis, By Region
7.2 Global Airtight Container Market Size and Forecast, By Region
8 North America Airtight Container Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Airtight Container Market Share Analysis, By Material
8.3 North America Airtight Container Market Size and Forecast, By Application
8.4 North America Airtight Container Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Airtight Container Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Airtight Container Market Share Analysis, By Material
9.3 Europe Airtight Container Market Size and Forecast, By Application
9.4 Europe Airtight Container Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Airtight Container Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Airtight Container Market Share Analysis, By Material
10.3 Asia Pacific Airtight Container Market Size and Forecast, By Application
10.4 Asia Pacific Airtight Container Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia
11 Latin America Airtight Container Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Airtight Container Market Share Analysis, By Material
11.3 Latin America Airtight Container Market Size and Forecast, By Application
11.4 Latin America Airtight Container Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Airtight Container Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Airtight Container Market Share Analysis, By Material
12.3 Middle East Airtight Container Market Size and Forecast, By Application
12.4 Middle East Airtight Container Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
15.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market Share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Tupperware
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Evergreen Packaging
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Placon Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Display Pack Inc
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Sonoco Products Company
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Cambro Manufacturing Company Inc
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Anchor Packaging Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Graham Packaging
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Lock&Lock
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Bellemain Airtight
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies