With the global surge in demand for home storage, storage products have become an essential part of modern household life. In particular, in North America, as living spaces shrink and consumers' quality of life improves, storage boxes have seen a boom in the market. Walmart, as a global retail giant, has also shown remarkable performance in the storage product market. According to market research, it is expected that by 2025, storage box sales on Walmart’s platform will account for 54%, with large capacity lidded and handle-equipped storage box sets becoming the best-selling product type.
This article will delve into the position of Walmart's North American channel in the storage box market, explore consumer purchasing trends, and explain why large capacity, lidded, handle-equipped storage box sets are becoming the hottest-selling products. By integrating data from authoritative international institutions and market analysis, this article will provide a detailed outlook on the storage box market in 2025.
As one of the world's largest retailers, Walmart has a strong market share and supply chain management capabilities. According to Statista, Walmart holds over 25% of the retail sales share in the North American market, dominating in daily consumer goods and home supplies. In 2023, Walmart's total revenue exceeded $500 billion, with retail product sales accounting for a significant portion.
In the storage box market, Walmart has also demonstrated strong market competitiveness. According to NPD Group's market research, the U.S. home goods market reached several billion dollars in 2023, with continuous annual growth. Walmart, with its extensive network of physical stores and powerful online platform, has become a major channel for North American consumers to purchase storage boxes. Especially through its e-commerce platform, Walmart provides a convenient shopping experience, making it a key player in storage box sales.
Data Support
Statista: According to Statista’s report, Walmart holds a 25% market share in North America, which represents a substantial portion of the retail market, reflecting Walmart’s dominant position in the retail industry.
NPD Group: According to NPD data, the share of storage products in household daily goods has been increasing year by year, with a 12% growth in 2023.
In recent years, the storage box market in North America has shown significant growth. According to Grand View Research, the North American storage box market has experienced a compound annual growth rate (CAGR) of over 5% in recent years. This indicates that consumers' demand for home storage is continually increasing, especially with the acceleration of urbanization, where the effective utilization of household space has become a priority for consumers.
As lifestyles change, consumers' demand for storage products has expanded beyond basic storage functions. Modern families place more importance on the versatility, convenience, and design of storage products. According to Mintel’s research, over 60% of consumers say that when selecting storage products, they prioritize capacity and functionality, rather than just appearance.
In addition, environmental consciousness and health have become important factors for consumers when choosing storage boxes. Frost & Sullivan reports that more consumers are opting for storage boxes made from recyclable materials. This trend not only reflects the growing environmental awareness but also drives the use of sustainable materials in storage products.
The rise of online shopping has changed the retail landscape. According to eMarketer, U.S. e-commerce sales accounted for 27.5% of total retail sales in 2023, with home storage products seeing particularly significant growth in online sales. Walmart, through its online platform and integration with physical stores, provides a convenient online-offline shopping experience, making it easier for consumers to purchase storage boxes and other home goods.
The advantages of e-commerce not only lie in the convenient shopping experience but also in enabling consumers to make more informed decisions through user reviews and price comparison tools. Walmart, with its powerful online platform, has become a key channel for consumers to purchase storage boxes.
Modern urban homes often have limited space, so consumers are increasingly inclined to choose storage boxes that efficiently utilize space. Large capacity, lidded, and handle-equipped storage boxes fulfill this need perfectly. According to Grand View Research's market research, there is a clear growth trend in consumer demand for large-capacity storage boxes, particularly in homes, offices, and other places requiring ample storage. These large capacity storage boxes are popular among consumers due to their large storage capacity and stackable design.
The lidded design not only prevents dust and external contamination but also keeps items clean, while the handle design makes it more convenient to move the storage box. Consumers increasingly prefer storage boxes that offer both storage functionality and easy mobility. Frost & Sullivan points out that the handle and lid design allows consumers to easily move storage boxes between different locations in their homes, enhancing product functionality.
Large capacity, lidded, handle-equipped storage boxes often come with additional features, such as stackable designs and transparent materials, making it easier for consumers to manage and locate items. This design not only improves storage efficiency but also enhances the consumer experience. IBISWorld’s report indicates that consumers prefer multi-functional home storage products, which is another reason large capacity, lidded, handle-equipped storage boxes are so popular.
As consumer demand for home organization increases, the storage box market will continue to show growth. According to IBISWorld's forecast, by 2025, the storage box market will grow by more than 30% compared to 2023. Walmart, as a retail giant, will continue to play a key role in this market and further expand its market share in the storage product sector.
With the advancement of technology, smart storage boxes are emerging as the next trend. According to Gartner's report, the market for smart home products is expected to grow rapidly in the coming years. Smart storage boxes will integrate Internet of Things (IoT) technology to help consumers manage household items more efficiently. For example, smart storage boxes can be controlled through mobile apps, providing automatic inventory scanning and smart recommendations.
Walmart, as the world’s largest retailer, is expected to account for 54% of storage box sales in the North American market by 2025. The large capacity, lidded, handle-equipped storage box set has become the best-selling product type. As consumer demand for home storage continues to grow, Walmart will continue to meet diverse consumer needs through its online and offline platforms.
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