Containers are durable storage solutions that are airtight and leak proof and preferred by consumers for transportation and storing of food and other products.
Flourishing food & beverage industry across the globe and rapid technological advancements in storage material is increasing demand for airtight seal and leak proof containers. The food & beverage sector is witnessing noticeable growth in developed and developing countries. There are many food and beverage processing establishments (plants) in the United States-36,486. Their focus towards launch of new products in better packaging and storage solutions is gaining traction. Cosmetic manufactures are focused on enhancing the product shelf life their approach towards the adoption of airtight packaging is important as it prevents the formulation drying out of the products. Manufacturers are focused on enhancing the business through introduction of new products in the market in order to attract new customers. Their inclination towards enhancing the customer base and increase the product portfolio is expected to augment the growth of target market.
In 2020, Rubbermaid a manufacturer and distributor of household items launched “Brilliance Glass Food Storage Containers.” The products facilitate easy reheating, feature an advanced lid with 100% airtight, leak-proof seal and secure latches. The product launch is expected to help the company enhance the customer base and increase revenue.
In 2017, Shantou Leqishi Plastic Products Co., Ltd, a global plastic container manufacturer launched “Easylock” 4-side-lock food containers series on Amazon. The product launch is expected to help the company enhance its business and increase its revenue share in the global market.
Players inclination towards emerging economies to enhance the business overseas and approach towards increasing the product presence online in order to track the untapped customers are factors expected to boost the growth of airtight container market. Factors such as the availability of other alternatives and fluctuating raw material prices impact the end product cost are expected to hamper the growth of global airtight container market. In addition, distorted supply chain system is expected to challenge the growth of target market. However, increasing investment by players for R&D activities and introduction of new products are factors expected to create new opportunities for players operating in the airtight container market over the forecast period. In addition, increasing partnership in order to strengthen the distribution channel is expected to support the revenue transaction of the target market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share in the global airtight container market due to high demand from consumers. Flourishing pharmaceutical sector and rising demand for airtight containers for better storage is expected to support the growth of target market. In addition, presence of large number of players and new product launches is expected to boost the market growth. Major players approach towards business acquisitions to enhance the profit is expected to support the revenue growth of airtight container regional market.
The global airtight container market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Airtight Container Market Segment Analysis, 2019
The global airtight container market is segmented into type and application. The type segment is divided into glass, plastic, polystyrene, polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, metal, and others. Among type the glass segment is expected to account for major revenue share in the global airtight container market. The application segment is bifurcated into food & beverages, pharmaceutical, cosmetic & personal care, and others. The players profiled in the report are Cambro Manufacturing Company, Inc., Placon Corporation, Anchor Packaging Inc., Evergreen Packaging, Sonoco Products Company, graham packaging, and Display pack Inc.
Market By Type
Polyethylene terephthalate (PET)
Polyvinyl chloride (PVC)
Market By Application
Food & Beverages
Cosmetic & Personal care
Market By Geography
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Rest of Latin America
Middle East & Africa
• South Africa
• Rest of Middle East & Africa
Flourishing food & beverage industry across the globe and rapid technological advancements in storage material is increasing demand for airtight seal and leak proof containers.
In type the glass segment is growing at faster pace.
In the global market the Asia Pacific region is expected to grow faster.
Some of the players considered in the report scope are Cambro Manufacturing Company, Inc., Placon Corporation, Anchor Packaging Inc., and Evergreen Packaging.
The North America is expected to account for major revenue share in the global market.
Factors such as availability of other alternatives and fluctuating raw material prices impact the end product cost are expected to hamper the growth of global airtight container market.