"Overview of Food cans market"
The Demand For Food Cans Market Was Estimated At US$ 3 Bn In 2018. It Is Projected To Witness A CAGR Of ~4 % During The Forecast Period (2019-2027)
One of the key factors contributing to the growth of the food cans market is the initiatives being taken by the government to improve healthy eating habits. These initiatives have boosted the growth of the healthy packaged food market. Additionally, the growing awareness among consumers about healthy products is another important factor that will contribute to the growth of global metal food cans market.
Moreover, consumers prefer canned food as it is has a longer shelf life as compared to processed food. Canned foods can be stored for many months and consumers are highly inclined towards food cans as these are very convenient to use and come with better shelf life.
Food cans are one of the most reliable packaging solutions that include all of the necessary features during transportation. It's a kind of packaging method which is safe, hermetically sealed, tamper-evident and has credentials for sustainability. These food cans hold the nutritional value, taste, and consistency of a commodity. Additionally, these cans are made of materials that are resistant to corrosion and protect a product from degradation. These benefits offered by food cans boost the growth of the food cans market during the forecast period.
Metal Food Cans Market Had Accounted For A Significant Share in Global Food Cans Market in 2018 And it is Expected To Remain Dominant During The Forecast Period.
Metal Can’s high recyclability is one of the factors boosting the growth of the metal cans market. Production of metal cans consumes less coal and emits less carbon emissions as compared to other alternatives available in the market.
The growth of this market is characterized by evolving habits, growing alcoholic and non-alcoholic beverage requirements, rising disposable incomes and increasing need for processed foods. Rising consumer awareness of the use of non-carcinogenic materials in packaging and rising demand for lightweight packaging creates high growth opportunities for the metal cans market.
Seafood Cans Market Had Accounted For A Significant Share Of X% In 2018 And Is Expected To Remain Dominant During The Forecast Period.
The increasing demand among consumers globally for fish and seafood is expected to drive the growth of the global canned seafood market during the forecast period. Fish has a low acidity level and thus requires high-temperature sterilization. Seafood and fish-based food cans are gaining popularity owing to the busy schedule of cooks and shoppers.
Asia Pacific Is Likely To Dominate the Food Cans Market During the Forecast Period
The growth of the global food cans market is projected to witness a steady CAGR over the 2019-2027 forecast period. In the next five years, Asia Pacific is expected to experience the fastest growth. Increasing disposable income is also one of the factors boosting the growth of food cans market during the forecast period. Increased consumption of beverages and canned food, an increasing the number of pet owners preferring good quality pet food is also boosting the growth of food cans market in Asia Pacific.
Silgan Containers LLC, Crown Holdings, Inc., BALL Company, Allstate Can Company, Visy Industries, Jamestrong Packaging, Avon Crowncaps & Containers (Nig.) Plc, Perennial Packaging Group Pvt Ltd, Kian Joo Can Factory Bhd, and TinPak (Pvt) Ltd are among the major players listed globally in the food cans industry. These players focus on growing their footprint in emerging countries through acquisitions and partnerships.
Food Cans Market Segmentation:
Food Cans Market by material:
Food Cans Market by application:
- Pet Food
- Convenience Food
- Fish & Seafood
- Fruits & Vegetables
Food Cans Market by region:
- North America
- Latin America
- Middle East & Africa