Food Storage Container Market Trends & Forecast Report

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Global Food Storage Container Market
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?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. 
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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 Morehttps//www.bluew
eaveconsulting.com/global-food-storage-container-m
arket/report-sample