Global Food Cans Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Food Cans Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Food cans are leakage, tamper-proof and maintain the nutritional value of the product. Food cans are highly preferred by the consumers especially for dry and granular food products. Food cans are impeccable choice for the customers due to its high barrier properties.

Market Overview:

The latest research study on the global Food Cans market finds that the global Food Cans market reached a value of USD 1213.86 million in 2022. It’s expected that the market will achieve USD 1544.66 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.

KEY MARKET DRIVERS

Canned food generally refers to food made from raw materials processed, canned, sealed, sterilized, or packaged aseptically. Canned food can be stored for a long time at room temperature because it is sterile. Canned food is a special form of food preservation method. Because all kinds of canned food can be stored for a long time at room temperature, it is easy to carry, transport and store, save cooking procedures, overcome the seasonal and regional restrictions of food variety supply, and is popular with consumers, especially for field exploration., Ocean navigation, mountaineering expedition, and other special needs under difficult conditions. In recent years, the increasing market demand in these areas has increased the demand for Food Cans and promoted the growth of the industry.
In the European Regional Economic Outlook released by the IMF in 2019, Europe’s recent growth is expected to slow from 2.3% in 2018 to 1.4% in 2019, which is the lowest growth rate since 2013. In the context of high uncertainty, downside risks to the outlook still exist, and the main shortterm risks of no-deal Brexit. The slowdown of macroeconomic growth will affect the reduction of micro-personal salary income, and the ability to resist inflation will become worse. Therefore, the sales of canned food may have a potential driving force for growth, which will provide increased product demand for the upstream Food Cans industry and promote industry growth.

Company Overview:

Trivium Packaging is one of the major players operating in the Food Cans market, holding a share of 21% in 2020.

Formed by the merger of industry leaders Exal Corporation and Ardagh's Global Food & Speciality business, Trivium Packaging offers customers around the world innovative and sustainable packaging solutions supported by scalable production and outstanding customer service.

Crown is a worldwide leader in the design, manufacture, and sale of packaging products and equipment for consumer and industrial products. Crown's packaging for consumer products include steel and aluminum cans for food, beverage, household and other consumer products, glass bottles for beverage product and metal vacuum closures and steel crowns sold through Crown's sales organization to the soft drink, food, citrus, brewing, household products, personal care and various other industries. Crown's packaging for industrial products includes steel and plastic strap consumables and equipment, paper based protective packaging, and plastic film consumables and equipment, which are sold into the metals, food and beverage, construction, agricultural, corrugated, and general industries.

Segmentation Overview:

Among different product types, Steel segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Meat and Seafood segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Food Cans market covered in Chapter 3:

Colep
Ardagh Group S.A
Sonoco Europe
PLUS PACK AS
CAN-PACK S.A.
Silgan Holdings
SÜDPACK
Visy Industries
Crown Holdings
Ball Corporation
Toyo Seikan Co. Ltd
Trivium Packaging
Sarten Romania SRL

In Chapter 4 and Chapter 14.2, on the basis of types, the Food Cans market from 2018 to 2029 is primarily split into:

Aluminum
Steel
Plastic
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Food Cans market from 2018 to 2029 covers:

Pet Food
Convenience Food
Meat and Seafood
Fruits and Vegetables
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)