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Food Storage Container Market

BlueWeave Consulting revealed that the global food storage container market reached USD 156.1 billion, with a compound annual growth rate (CAGR) of 4.1% the market during the forecast period to reach a valuation of USD 196.6 billion by 2026.

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Food Storage Container Market

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  1. Global Food Storage Container Market

  2. A study, recently conducted by the strategic consulting and market research firm, BlueWeave Consulting revealed that the global food storage container market reached USD 156.1 billion, with a compound annual growth rate (CAGR) of 4.1% the market during the forecast period to reach a valuation of USD 196.6 billion by 2026. Because of the growing demand for paper and paperboard food storage containers, the growth of food container storage is increasing. Cardboard boxes are industrially prefabricated boxes, majorly used for packaging goods and materials, and can be easily recycled. Industry specialists seldom use the term cardboard because it does not denote a specific material. The term cardboard refers to a variety of heavy paper-like materials, which include: card stock, corrugated fiberboard, or paperboard. Driver: Emerging market of paper and paperboard food storage container Paper and paperboard food storage containers seem to be the most environmentally friendly of all the products. Paper & paperboard food storage containers witnessed an increased use in the end-user sector, with nearly 81% of total paper & paperboard solid waste produced is recycled. 

  3. Impact of COVID-19 Outbreak Like every major industry, the packaging industry was also affected by the COVID-19 pandemic. Although the demand for packaging in other segments fell exponentially, the demand for packaging in pharmaceuticals and food increased exponentially. Countries went under a month-long lockdown, borders were sealed, and people were not allowed to roam outside to combat the raging pandemic, resulting in an all-time high demand for canned food and medicines. While other industries were either shut down or operating at reduced capacity, food and medicine industries, along with the packaging industry were working overtime to meet the increased demand for food and medicines. Food and healthcare packaging demands were at an all-time high during the lockdown period. With lockdown restrictions easing and other industries reopening, the demand for other types of packaging is expected to go up but it will take some time before things go back to pre-COVID levels. Read More:https://www.blueweaveconsulting.com/global-food-storage-container-market/report-sample

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