What is Food Storage Tanks - Market?
Food storage tanks are hygienic grade tanks, intended for the storage of the food product, once it has been thermally treated to preserve its flavor, taste, and nutritional properties. Tanks are utilized in the food business not only for storage but also as machinery throughout the production process. It is important to consider the product that will be stored in the tank as well as its specific use when selecting a design and material for a food tank. This determines the manufacturing form and material. Food containers are typically shaped like cylinders. Food storage containers may be horizontal or vertical.
Highlights from Food Storage Tanks - Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Paul Mueller (United States), CST Industries (United States), Enduramaxx Limited (United Kingdom), FORBES (United States), EuroTankWorks (Estonia), Pierre Guérin SAS (France), African Tank Systems (South Africa) and Latimer Ales (United Kingdom)|
Key players operating in the food storage tank market are focused on adopting innovative growth strategies such as acquisitions to enhance their product portfolio and expand their business. Paul Mueller (United States), CST Industries (United States), Enduramaxx Limited (United Kingdom), FORBES (United States), EuroTankWorks (Estonia), Pierre Guérin SAS (France), African Tank Systems (South Africa) and Latimer Ales (United Kingdom) are some of the key players profiled in the study.
Food Storage Tanks - Market Segmentation:
|Application / End User||Residential and Commercial|
|Type||Vertical and Horizontal|
On the basis of geography, the market of Food Storage Tanks - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Demand for Improved Quality, Shelf Life, and Taste of Food is Rising in the Market
Market Growth Drivers:
Increasing Per Capita Income and Vast Rise in Double Income Families in Developing Economies
Increasing Cases of Food Contamination Due to Low-Quality Products
Stringent Regulatory Guidelines on the Production of the Food Storage Tanks
Rising Number of Women in Workforces and Increased Number of Families Consuming Packaged Foods can create Opportunities for the Market Growth
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Food Storage Tanks Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Market Leaders & Development Strategies
In 2020, EcoVessel Acquires U-Konserve Food Storage Company. According to the company, the merger will bring the companies together to offer customers a full lineup of zero-waste reusable drinkware and food containers, and accessories. The new partnership will help grow both sustainable brands by combining EcoVessel’s hydration expertise together with U-Konserve’s food- focus, to offer innovative products to help people wherever they might be on their zero-waste journey,” said Chance Claxton, founder of U-Konserve
In 2020, National Storage Tank announced the expansion of its Stainless Steel fabrication capabilities to accommodate a large and increasing demand for food grade Stainless Steel tanks.