The Asia-Pacific food cans market was valued at USD 6.39 billion in 2024 and is expected to be valued at USD 7.7 billion by 2029 with a CAGR of 3.7% over the forecast period. Metal cans play a vital role in preserving food without microbiological spoilage. The cans are corrosion-resistant and have the extended shelf life of any package. Its advantages include stiffness, stability, and strong barrier qualities.
The competitive rivalry in the Asia-Pacific food cans market is high owing to many key players continually trying to gain maximum market share through collaborations, investments, and more. Some of the major players are Crown Holdings, Inc., Ball Corporation, Visy Industries, Toyo Seikan Group Holdings, Ltd., and more.
In February 2023, Toyo Seikan Group Holdings, Ltd. and UACJ Corporation agreed to jointly study ways to promote the horizontal recycling of aluminum cans further. This business partnership aims to develop and commercialize aluminum cans with added environmental value by leveraging the technologies and know-how of both companies.
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