LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global food storage container market in the US provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Manu Gupta, a lead research analyst from Technavio says, “Food storage container manufacturers in the US are increasing investments in R&D to offer the best designs and materials. They are also focusing on improving the quality of the products, keeping in mind environmental and sustainability concerns. End-users are also looking for diversification for the uses of food storage containers.”
Many end-users such as large restaurants prefer to prepare and store food in large quantities to improve their production efficiency. This necessitates the use of food storage containers, which helps save time and cost for end-users. It is equally important for end-users to choose the most durable food storage containers so that they can withstand extreme temperature. Durable containers can help them avoid frequent replacements.
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The top three emerging trends driving the food storage container market in the US according to Technavio research analysts are:
Rising importance of sustainable containers
Chefs and restaurateurs have identified that customers appreciate the use of sustainable practices when dining out. To continue as a sustainable business, restaurants are trying to reduce their food waste and are beginning to cut down on their energy use. Consumers prefer containers that are environment-friendly. Vendors are increasingly investing in R&D to develop containers that are recyclable and resistant to friction, moisture, and heat.
“Manufacturers are focusing on incorporating innovative technology to provide versatile materials that are durable, eco-friendly, and temperature-resistant. They can be used as insulated storage containers and are also beneficial for different end-users,” according to Manu.
Demand for more sophisticated design
Many leading manufacturers are finding new sources of cost saving. This will help them optimize product formulations by implementing efficient equipment. Therefore, top vendors are looking for new cost saving mechanisms and more sophisticated designs to increase the efficiency of different products. This will provide them with opportunities to escalate profit and attain their sustainability goals.
Currently, many food storage container manufacturers are providing a wide range of containers, which are efficient and require very little maintenance. Increased demand for plastic-based food storage containers among consumers and buyers is propelling market growth.
Rise in demand for glass containers
Glass storage containers generally have a plastic lid that helps in keeping the food airtight. These containers are available in clear, frosted, and colored glasses. There are several advantages of glass containers such as longevity and they keep the food fresh for longer periods as compared with other food storage containers. Many end-users prefer glass containers, which are specifically designed for use in freezing and preheating purposes.
There are manufactures that are providing different kinds of improved versions of glass food storage containers like the tempered glass and Pyrex, which are widely used in commercial kitchens. Some of these containers are manufactured to be used in microwaves without causing any cracks. Glass food storage containers do not stain, peel, or take on the taste or odor of the food stored in them.
The key vendors are as follows:
- Cambro Manufacturing
- Newell Brands
Browse Related Reports:
- Global Foodservices Disposable Market 2017-2021
- Global Plastic Food Container Market 2017-2021
- Global Paper and Paperboard Container and Packaging Market 2016-2020
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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