APAC Food Cans Market Outlook to 2028

APAC Food Cans Market Overview

In 2023, the APAC Food Cans Market was valued at USD 6.10 billion, driven by increasing demand for packaged foods, rising disposable incomes, and growing urbanization. The market benefits from a shift towards convenient and long shelf-life food products.

Key players in the APAC Food Cans Market include Ardagh Group, Can-Pack Group, Ball Corporation, and Nampak Limited. These companies are recognized for their extensive manufacturing capabilities, innovative can designs, and robust distribution networks.

Tokyo, Beijing, and Mumbai are prominent cities in the market. Tokyo's prominence is due to Japan's advanced food processing industry, while Beijings position reflects Chinas substantial market size and manufacturing capabilities. Mumbai's significance is tied to India's growing packaged food sector.

In 2023, Ball Corporation introduced an innovative aluminum can with enhanced recyclability and reduced carbon footprint. This move aligns with Ball's strategy to lead in sustainable packaging solutions and meet growing environmental regulations in the APAC region.

APAC Food Cans Market Segmentation

The APAC Food Cans Market can be segmented by product, material, and region:

By Product Type: The APAC food cans market is segmented by product type into round cans, rectangular cans, and oval cans. In 2023, round cans dominated this sub-segment due to their widespread usage in canned foods like vegetables, fruits, and soups. Their simple, stackable design and cost-efficiency have made round cans the preferred choice for food manufacturers.

By Material: The APAC food cans market is segmented by material into aluminum, steel, and tin. In 2023, aluminum cans led the sub-segment due to their lightweight nature and high recyclability. Aluminum is increasingly favored by food manufacturers, particularly in Japan and Australia, as consumers demand eco-friendly packaging solutions.

By Region: The APAC Food Cans Market is segmented regionally into China, India, Japan, South Korea, and others. In 2023, China and India led the market, with China holding the largest share due to its significant food and beverage industry and India showing rapid growth in packaged food consumption.

APAC Food Cans Market Competitive Landscape

Company Name

Establishment Year

Headquarters

Ball Corporation

1880

Broomfield, USA

Crown Holdings Inc.

1892

Philadelphia, USA

Ardagh Group

1932

Luxembourg

Toyo Seikan Group

1917

Tokyo, Japan

Can-Pack Group

1992

Krakow, Poland

Ardagh Group: In 2023, Ardagh Group launched a new range of eco-friendly food cans designed to reduce environmental impact and enhance sustainability. This initiative supports Ardagh's commitment to innovation and eco-conscious packaging solutions.

Crown Holdings Inc.: In September 2022, Crown Holdings partnered with Ardagh Metal Packaging, the Can Manufacturers Institute, and others to host the first Global Aluminium Can Sustainability Summit. The summit brought together over 100 attendees from the aluminum supply chain to discuss and drive progress towards the industry's sustainability goals

APAC Food Cans Industry Analysis

APAC Food Cans Market Growth Drivers:

Rising Consumer Demand for Packaged Foods (2021-2024): The increasing demand for packaged and processed foods in APAC countries like China and India has become a primary growth driver. In 2023, the packaged food sector in China grew by USD 120 billion due to the increasing preference for ready-to-eat meals and canned vegetables. Indias processed food industry has seen substantial growth, contributing over USD 35 billion to the economy, increasing the demand for food cans.

Sustainability Initiatives Driving Metal Packaging (2021-2024): Governments in APAC have pushed sustainability initiatives, influencing food manufacturers to adopt eco-friendly metal cans over plastic alternatives. In Japan, food can packaging surged after the governments 2022 initiative that mandated a 30% reduction in plastic packaging by 2025. Similarly, South Korea saw an increase of 20 million units in the production of recyclable metal food cans between 2021 and 2023.

Booming Food Processing Industry (2021-2024): The APAC food processing industry has rapidly expanded, leading to increased demand for food cans. In 2023, China processed over 250 million tons of food products, contributing to significant demand for food cans. Indias food processing sector contributed USD 400 billion to its GDP in 2022, further increasing the need for durable, safe, and transport-friendly food cans.

APAC Food Cans Market Challenges:

Supply Chain Disruptions (2021-2024): The APAC food cans market faces supply chain challenges due to geopolitical tensions and trade restrictions. In 2022, the steel industry in China experienced a 5% decline in exports due to restrictions imposed during the global supply chain crisis, which directly affected the availability of steel for food cans.

Rising Raw Material Costs (2021-2024): The price of aluminum and steel, key materials used in food cans, has surged across APAC in recent years. In 2022, aluminum prices in China rose by USD 300 per ton, significantly increasing production costs for food cans. This has caused small and medium-sized food can manufacturers to face cost pressures, limiting their ability to compete in the market.

APAC Food Cans Market Government Initiatives:

Chinas Single-Use Plastic Ban (2021): China banned single-use plastics in major cities starting in 2021, which increased the demand for recyclable packaging solutions, particularly metal cans. By 2023, the production of food cans in China had risen by 5%, supported by government regulations aimed at reducing plastic waste.

National Packaging Initiatives: In India, the government introduced the National Packaging Initiative in 2023, promoting sustainable packaging practices across the food and beverage industry. This initiative encourages food producers to use recyclable materials, including aluminum and steel, which directly supports the growth of the food cans market.

APAC Food Cans Market Future Outlook

The APAC Food Cans Market is projected to grow significantly from 2023 to 2028, driven by increasing demand for convenient packaging solutions, advancements in can technology, and a focus on sustainability.

Future Market Trends

Advancements in Can Technology: Over the next five years, Innovations in can manufacturing, such as improved durability and enhanced recyclability, are expected to drive market growth. Advances in technology will contribute to more efficient production processes and better environmental performance.

Increased Adoption of Sustainable Packaging: Over the next five years, There will be a growing emphasis on sustainable packaging solutions, with manufacturers focusing on reducing carbon footprints and improving recyclability. This trend will align with consumer preferences for environmentally friendly products.
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