Canned Food Packaging Market Forecast to 2030

Canned Food Packaging Market Forecast to 2030

Market Overview

The Canned Food Packaging Market is projected to witness a notable CAGR of 3.47% during the review period. It is segmented based on can size, material, application, and region. Can size segments include Less Than 500 Gm, 500 – 1000 Gm, and More Than 1000 Gm. Material segments comprise Aluminium Packaging, Steel Packaging, Tinplate Packaging, Glass, and Plastics. The market is primarily driven by the food and beverage application. Metal packaging, especially aluminum, is favored due to its ease of use, transportation, and consumption. Additionally, aluminum packaging offers enhanced security and protection against heat and pollution.

Canning is an economical preservation method that minimally alters the taste of perishable products. This has led to growth in the horticulture and seafood processing industry, driving the demand for canned food packaging. The market is further fueled by the rising consumption of convenient packaged food and beverages. These products undergo techniques like peeling, chopping, or cooking before being sealed in airtight cans. The busy lifestyle and growing working population have led to a surge in the consumption of convenience food products, directly impacting market growth. Changing consumer preferences, driven by higher living standards, have generated significant demand for canned foods. Canning preserves food products' nutrients and protects against spoilage from sunlight and air.

Market Segmentation

The Canned Food Packaging Market is segmented by can size into Less than 500 Gm, 500-1000 Gm, and More than 1000 Gm. The 500 gm - 1000 gm segment held the largest market share in 2021, contributing around 48.06% of the revenue. Airtight and sealed metal containers enhance shelf life and preserve the nutritional value of food products. The taste and quality of the products are protected throughout the manufacturing, supply, and distribution process.

In terms of materials, the market is divided into aluminum packaging, steel packaging, tinplate packaging, glass, and plastic.

Based on application, the food and beverage segment dominated the market in 2021, contributing approximately 63.75% of the revenue. The easy availability of a wide range of alcoholic beverages in supermarkets drives consumption, benefiting the segment's growth.

Regional Market

Insights North America holds the largest share owing to a thriving food processing sector in the United States. Europe represents the second-largest market share in 2021, driven by growing demand from the millennial population. The region imports a substantial number of canned fruits and vegetables, with Germany, France, the U.K., and the Netherlands being the major importing and consuming countries. This presents opportunities for exporters from developing economies.

The Asia-Pacific region is the fastest-growing market, particularly for canned meat, fish/seafood, and fruits. Additionally, food manufacturers in India have started producing popular local foods, such as poha and upma, in ready-to-eat cans. The Middle East also witnesses significant demand in the canned food packaging market.

Major Players

The prominent organizations in the Canned Food Packaging Market are Ardagh Group, Silgan Holdings Inc., CPMC Holdings Ltd., Amcor Ltd., Crown Holdings, Toyo Seikan Kaisha Ltd., Ball Corporation, and others.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Companies Mentioned

Ardagh Group
Silgan Holdings Inc.
CPMC Holdings Ltd.
Amcor Ltd.
Crown Holdings
Toyo Seikan Kaisha Ltd.
Ball Corporation
and others

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