Air-tight containers have become a common household product over the years as they help preserve food from moisture and environmental factors that hasten degradation of food quality. Furthermore, they can also help prevent contamination of food products. Air-tight containers are often also used to increase the longevity of pharmaceuticals, cosmetics and other products sensitive to environmental factors.
Ait-tight containers can be made from a variety of materials including glass, metal, plastic, polyvinyl chloride (PVC), polypropylene, polyethylene, polyethylene terephthalate and polystyrene. They consist of a covering that seals off the air inside a container from the outside environment.
The air-tight containers market is a highly fragmented as low cost of manufacturing, easy availability of raw material and rapid dissemination of technology has allowed several small and medium-scale manufacturers to play a role in local and regional markets. These local manufacturers also hold the edge in terms of cheap availability of raw materials and labour.
On the other hand, large global-scale manufacturers have the financial capacity to conduct R&D activities that can deliver high-end products. Incrementally increasing strength of the container and air-tight cover through use of different combinations of raw materials has been a continual focus area for R&D in the market.
These global manufacturers also often tie-up with local manufacturers through joint ventures and strategic partnerships to bring down production costs and expand their market share. Mergers and acquisitions is another expansion strategy adopted by several key players. The market can further be classified on the basis of segments the products cater to, namely domestic, commercial and domestic-cum-commercial.
Some of the prominent players in the air-tight containers market include Tupperware, Sistema Plastics, Silgan, Gourmia, Ball Corporation, LOCK&LOCK, Bemis, Decor Corporation, Ardagh, Oneida, Berry Plastics, OXO, Caraustar Industries, Klockner Pentaplast Group, Snapware, Graham Packaging, Click Clack, Bellemain Airtight, Rubbermaid, Plastipak Holdings, Prepara, Anchor Glass Container Corporation, Amcor, Constar International, Tightvac, Crown, Lustroware, Sealed Air Corporation and Oggi.
Online distribution channels have gained momentum in recent years as consumers have found it a time-efficient way to shop and since technological expertise is not required to understand product specifications. This has led to manufacturers resorting to aggressive online branding and marketing campaigns to enhance product visibility.
Drivers of the Air-Tight Containers Market
Technological developments in air-tight containers have made it viable for people and companies to store food and other products for longer periods of time by protecting them from foreign elements. These advancements have run parallel to changes in lifestyle and busy work schedules, which have resulted in a preference for bulk shopping in order to manage time efficiently.
Young working populations and student populations have been the leading demographic for the market due to these factors. Furthermore, growing awareness about the nutritional benefits of preserving foods efficiently has also driven the air-tight containers market.
Impact of Covid-19
Though the lockdowns instituted in several countries due to the Covid-19 pandemic have created a variety of problems for the market, especially in supply-chain management, these problems are likely to be temporary and will ease once countries open up completely.
The low prices of air-tight containers and the fact that they are now viewed as an essential domestic item is likely to prevent the air-tight container market from witnessing a significant decline in growth due to the economic mayhem being caused as a result of the pandemic.
Furthermore, increasing health concerns among people will extend to food preservation measures and manufacturers can capitalize from this scenario by driving home the benefits of air-tight containers in preserving nutrients.
North America has been the dominant regional segment in the air-tight containers market, mainly due to high product awareness and aggressive marketing strategies. Europe has been the next largest regional segment, led mainly by countries in western and northern Europe.
East Asia and South Asia have registered the highest growth rates, which has been mainly led by the developing economies, changing lifestyles and young populations in China, India, Bangladesh and the Southeast Asian nations. Middle East and Africa, Latin America and Oceania are the other key regional segments.
The air-tight containers market can be segmented based on the following:
By Raw Material
By Distribution Channel
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.