FMI’ Analyst view: “Culinary Convenience: The Role of Food Storage Bags in Modern Kitchens”
Global food storage bag sales revenue is estimated to total US$ 4,749.9 million in 2023 and it is projected to reach US$ 8,832.1 million by 2033. Over the forecast period from 2023 to 2033, global demand for food storage bags is likely to rise at 6.4% CAGR.
In 2022, the global food storage bags market size was valued at US$ 4,498.8 million and it is forecast to exhibit Y-o-Y growth of 5.6% in 2023. By 2033, the target market is projected to generate an attractive incremental growth opportunity of US$ 4,333.4 million, expanding 1.9x times the current market value.
The commercial segment by end use accounted for around 49% market share in terms of value at the end of 2022. This is due to rising adoption of food storage bags in the commercial sector.
According to Future Market Insights, the plastic material segment with an estimated market share of more than 53.0% leads the food storage bags industry within the material category. Further, the target segment is expected to expand at a CAGR of around 5.4% over the forecast period.
In terms of application, fresh produce segment is anticipated to create an incremental opportunity of US$ 867 million during the assessment period.
Key Factors Shaping Market Dynamics
- Increasing usage of food storage bags in homes, eateries, catering businesses, and other food-related enterprises is providing impetus for market growth
- Rising need for improving food safety is expected to create a high demand for food storage bags
- Implementation of new policies and regulations pertaining to food safety is likely to create opportunities for food storage bag manufacturers
- Attractive features such as lightweight, easy to use, and highly portability of food storage bags to uplift their demand through 2033
- Growing popularity of convenience foods and rising demand for sustainable food storage solutions are expected to fuel food storage bag sales
- Shift towards eco-friendly packaging such as paper food storage bags is likely to foster market development
- Escalating demand for packaged foods such as frozen foods and ready meals to fuel market expansion
- Availability of a variety of food storage bag types and sizes is another factor boosting the market
- Growing concerns about increasing food wastage is anticipated to create demand for packaging solutions such as produce storage bags and vegetable storage bags
Food storage bags are packaging solutions designed to store and preserve several types of food items. These flexible, airtight, and resealable bags are mostly made from plastic materials such as polypropylene and polyethylene, paper, aluminum, silicon, and others.
Adoption of food storage bags allows end users to protect products from moisture, air, and contaminants. They help to significantly extend shelf life of food products. Food storage bags such as zip-top bags and freezer bags are gaining wider popularity due to their several advantages including reusability.
Food storage bags are becoming ideal solutions for marinating meats, storing leftovers, packaging meals for work or travel, and portioning food for future use.
Growing adoption of food storage bags in households, restaurants, hotels, and several other settings is expected to boost the target market during the forecast period.
Increasing consumer awareness about food safety and the importance of proper storage is likely to uplift food storage bag demand through 2033.
Consumers are paying more attention to keeping their food fresh and increasing its shelf life. They are aware that poor storage practices might result in deterioration, flavor loss, or even contamination. As a result, they use food storage bags.
Food storage bags offer a practical way to keep food fresh and shield it from pollutants, moisture, and air.
Similarly, consumers are becoming more and more aware of the dangers of contracting a foodborne illness from bacteria, mold, or other pollutants. Maintaining hygiene requirements and preventing cross-contamination are made easier with proper storage in food storage bags.
Food storage bags offer a barrier that shields food from outside elements that can jeopardize its safety. They offer convenience and portability for busy individuals. Further, these bags enable consumers to pack their meals or snacks for work, travel, or outdoor activities while ensuring proper storage and hygiene.
Changing food consumption habits is another key factor expected to positively impact food storage bag sales globally.
Food storage bags provide a practical and convenient solution for portioned meals, allowing individuals to easily store and organize their prepped food for the week. They protect against contamination, air exposure, and moisture, ensuring that the food stays fresh for longer periods.
Food storage bags enable individuals to portion out their meals and snacks, making it easier to manage calorie intake and maintain a balanced diet. These bags provide convenient portion-sized storage options for various food items.
As people lead increasingly busy lifestyles, there is a growing demand for convenient and portable food storage solutions. Food storage bags offer the flexibility to pack homemade meals, snacks, or ingredients for on-the-go consumption. They are lightweight, easy to carry, and often come with airtight seals, preventing leaks and spills during transportation.
Increasing demand for eco-friendly and sustainable packaging solutions coupled with development of biodegradable & compostable food storage bags is likely to foster market development.
Expansion of Food Sector Elevating Food Storage Bag Demand in Germany
According to Future Market Insights (FMI), Germany food storage bags market is estimated to thrive at a CAGR of 3.8% during the forecast period. Overall sales of food storage bags in Germany are likely to soar at a steady pace through 2033.
Rapid growth of food sector, implementation of new food safety regulations, and rise in export of food packaging are key factors expected to drive Germany market.
According to the Agricultural and Processed Food Products Export Development Authority, the German packaging and waste avoidance ordinance was replaced by the new packaging law on January 1, 2019. Before releasing packaged goods to the market, companies must register with a newly constituted national organization, the “Zentrale Stelle,” to ensure transparency for all players in the market and to eliminate free-riding.
Food storage bags may be subject to laws governing health hazards, branding specifications, and material constraints. Trade barriers, tariffs, and international trade agreements can all have an impact on the import and export of food storage bags.
Need for Improving Food Safety Impacting Food Storage Bags Sales in China
As per the latest analysis of Future Market Insights (FMI), China food storage bags market is projected to create an incremental opportunity of US$ 485.3 million during the forecast period.
Growing focus on improving food security, expansion of HoReCa sector, and presence of leading food packaging companies are few of the key factors boosting China market.
To protect consumer health and reduce the danger of contamination, food storage bags must adhere to food safety rules. Companies must protect the designs, trademarks, and patents that are part of their intellectual property portfolios.
According to the China National Center for Food Safety Risk Assessment, food producers, food additive makers, and food-related product manufacturers must inspect their own products in compliance with food safety requirements.
When purchasing raw food materials, food additives, and food-related items, food makers should check the suppliers’ production licenses and product certificates. Permissions are required for materials that do not meet food safety standards.
Prominent food storage bag companies listed in the report include The Clorox Company (Glad), SC Johnson & Son, Inc. (Ziploc), and Reynolds Consumer Products LLC.
Key manufacturers of food storage bags are focusing on introducing new bags with user-friendly features as well as increasing their production capacity to meet the increasing end user demand.
Companies are exploring alternative packaging materials and designs to reduce environmental impact. This includes using renewable materials. Further, they also implement tactics such as acquisitions, mergers, and partnerships to strengthen their presence.
- In May 2022, Hefty®, a brand of Reynolds Consumer Products launched a line of small and medium waste bags with premium features.
- In November 2020, Inteplast launched InteGreen sustainable packaging, a revolutionary family of durable and sustainable films incorporating compostability, bio-based materials, and recycle-ready properties.