Snap-Lock Containers Market Size, Share, and Industry Analysis By Material (Plastic, Glass, and Metal), By Capacity (0 - 0.5 litres, 0.5 - 1 litres, 1 - 3 litres, 3 - 5 litres, and Above 5 litres), By Application (Ready-to-eat Meals, Fruits & Vegetables, Bakery & Confectionery, Meat & Poultry, Dairy Products, and Others), and Regional Forecast, 2024-2032

Snap-lock containers are high-quality food storage containers comprising snap-lock lids, which makes them an ideal solution for preserving the freshness of food. The growing working women population and the rising population consuming packaged food items are driving the market growth on a large scale. Moreover, the increasing surge in double-income families and the advent of low-cost packaged foods, processed foods, and frozen foods are enhancing the market growth of snap-lock containers. Innovations in packaging solutions and rising investments from manufacturers will create growth opportunities over the forecast period.

• For instance, according to the North American Association of Food Equipment Manufacturers, 49% of convenience stores are elevating food options with pre-packaged ready-to-eat meals, and 24% offer ready-to-heat take-home meals. Such initiatives are fostering the demand for snap-lock containers worldwide.

One of the major factors driving the market growth is the augmenting demand for snap-lock containers from the working women population to maintain food quality. The containers are essential in maintaining the food quality and shelf life of fruits & vegetables. They are also effective in keeping food safe from outer pollutants and contaminants. Moreover, the ease of carrying, eating, and storing foods boosts the demand for snap-lock containers, further enhancing the market growth. Moreover, Gen Z is willing to pay extra for environmentally friendly packaging solutions such as eco-friendly containers, which is also a major contributor to the market growth.

The rising usage of food storage containers manufactured with cheaper materials leads to food contamination, limiting the usage of snap-lock containers and impeding market growth. The snap-lock containers manufactured with high grade create standards for leak-proof storing food items as they last long without staining or warping. However, the high costs associated with manufacturing high-grade or high-quality containers for food storage may hamper the market growth.

The outbreak of COVID-19 caused a decline in the growth of many end-use industries worldwide. The reduction in raw material supply led to a halt in manufacturing activities in the packaging industry. The snap-lock containers market initially witnessed slow growth. However, the budding consumer inclination toward sustainable packaging solutions to maintain food quality boosted the sales of snap-lock containers. The growth of the e-commerce sector also led to a rising demand for snap-lock containers in the mid-pandemic phase.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Snap-Lock Containers Market


• Key Industry Trends


• Regulatory Landscape for the Snap-Lock Containers Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

SEGMENTATION

 ANALYSIS BY MATERIAL

Based on material, the market is segmented into plastic, glass, and metal. The glass segment dominates the global snap-lock containers market. Glass snap-lock containers are a significant choice for food storage, as they are non-reactive and can maintain the freshness and quality of the food products for a prolonged period. They offer less risk of any chemicals leaching into stored foods that can lead to harmful health risks. Additionally, as these containers are environmentally friendly, they are gaining huge traction from manufacturers and customers worldwide.

ANALYSIS BY CAPACITY

Based on capacity, the market is segmented into 0 – 0.5 liters, 0.5 – 1 liters, 1 – 3 liters, 3 – 5 liters, and above 5 liters. The 1 – 3 liter segment holds the largest share. Such containers help store foodstuffs such as cheese, cold meats, fruits, vegetables, ready-to-eat meals, and healthy snacks. These containers carry out maximal utilization of space and are crucial in maintaining the freshness of food as they do not absorb any smell or color from the food. These containers are also suitable for microwave or freeze-storing, owing to which they are analyzed to continue their dominance over the upcoming years.

ANALYSIS BY APPLICATION

Based on application, the market is segmented into ready-to-eat meals, fruits & vegetables, bakery & confectionery, meat & poultry, dairy products, and others. The ready-to-eat meals segment leads the global snap-lock containers market. The demand for ready-to-eat meals and on-the-go foods has exponentially increased. The utilization of snap-lock containers for packaging such foods has tremendously risen due to the working urban and women population and high consumer demand for sustainable packaging. Pre-cooked meals and go-to meals can be easily heated in microwave-safe containers, which in turn propels segmental growth.

REGIONAL ANALYSIS

By region, the snap-lock containers market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the leading region of the global snap-lock containers market. The rising demand for sustainable and cost-effective food storage containers among the working population in major countries such as China, India, and Japan is propelling the market growth. Moreover, the large production and consumption of eco-friendly food storage containers in China is also boosting the market growth in the Asia Pacific region.

North America is the second-dominating region that is projected to grow exponentially over the forecast period. The growing e-commerce sector in the U.S. is aiding the demand for snap-lock containers. The increasing demand for recyclable food storage containers from the millennial population and the retail sector in major European countries is driving the regional market growth. The Latin American market will experience steady growth due to the region's growing food processing and online food delivery sector. The Middle East & African snap-lock containers market will grow moderately over the projected timeframe.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Berlin Packaging, Sistema Plastics. Sabert Corporation, LocknLock India, Rustagi Electronics, Parkway Plastics Inc., Progressive, Accent, Snapware, and Zulay Kitchen.

KEY INDUSTRY DEVELOPMENTS

• In December 2023, Novolex®, a leader in packaging choice, innovation, and sustainability, introduced food packaging containers that are recyclable where facilities exist and contain at least 10% recycled content (PCR).


• In September 2022, LocknLock announced the launch of their innovative and new Baby Food Container. The Baby Food Container series launched by LocknLock gained popularity among the parents of infants and toddlers. A hidden cap on the container lid is essential in stable stacking.


• In October 2020, a NWL Rubbermaid brand of the company, Newell Brands Inc., announced the launch of EasyFindLids, a food storage container. The containers are BPA-free, freezer-safe, dishwasher-safe, and microwave-safe and are available in various shapes and sizes in sets of 24-42 pieces.