Canned Food Packaging Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Canned Food Packaging Market grew at a CAGR of 4.1% between 2017-2021 and is estimated to be US$ 23,415.9Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.6% and is expected to reach a valuation of US$ 36,713.7Mn by 2032 end.
Growing consumer demand for packaged goods due to changing dietary preferences and altering lifestyles may have a critical impact on the market. Due to their high barrier qualities, shelf lives, and consumer safety, products will be in greater demand as the population and per capita income rise. Natural foods of excellent quality, barely processed or unprocessed, free of preservatives, and with a longer shelf life are in higher demand.
Food that has been packaged is used for convenience, barrier and contamination protection, and portion control, among other things. Food safety concerns are addressed through sustainable packaging, which guards against chemical contamination, food-borne illnesses, and loss reduction while maintaining food quality.
ChemView Consulting has analyzed that the canned food packaging market is anticipated to grow quickly in the foreseeable future. This is because more canned foods are available in internet shops and supermarket hypermarkets. The nutritional value, hygienic food preparation, and recyclable and reuse can qualities are other factors contributing to the rise in demand for canned food packaging worldwide.
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The most popular material for creating food cans is probably aluminum. Aluminum cans make for affordable, dependable, and lightweight food packaging. They offer the greatest protection against oxygen reactions and are non-reactive, with most foodstuffs and acids.
Segments Covered in Report
By Type of Food:
- Canned Fish and Seafood
- Canned Vegetables
- Canned Meat Products
- Canned Fruits
- Canned Ready Meals
- Milk and Sauces
- Beans and Legumes
- Other Canned Food Products
By Distributional Channel:
- Canned Food Packaging for Supermarkets and Hypermarkets
- Canned Food Packaging for Independent Retailers
- Canned Food Packaging for Convenience Stores
- Canned Food Packaging for Specialist Retailers
- Canned Food Packaging for Other Distribution Channels
By Raw Material:
- Aluminum Canned Food Packaging
- Steel Canned Food Packaging
- Tinplate Canned Food Packaging
- Glass Canned Food Packaging
- Plastic Canned Food Packaging
By Types of Cans:
- 3-piece Welded Food Packaging Cans
- 2-piece Food Packaging Cans
- D&I Food Packaging Cans
- DRD Food Packaging Cans
- Drawn Wall-Ironed Food Packaging Cans
- Single Drawn Food Packaging Cans
- Open Top Sanitary Food Packaging Cans
By Preservation Technique:
- Pressurized Food Packaging Cans
- Vacuum Food Packaging Cans
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Canned Food Packaging Market
- Based on the raw material, aluminum cans have also been used extensively for food packing for millennia due to their great stackability and recyclability. As a result, aluminum is anticipated to account for 30% of the market for canned food packaging, recording a CAGR of 4.5% during the assessment period.
- Based on the type of food, fish and seafood make up most of the market. These perishable commodities can be kept for a long time by canning fish and seafood. It is a cheap technique for keeping seafood goods fresh for up to 5 years. But as technology has developed, more and more fruits and vegetables are being canned.
- Based on the region, due to the high consumption of canned food in the area, North America held the largest market share (32.1%) for removed food packaging, and this trend is expected to last during the projection period. The region’s middle-class households’ rising disposable incomes encourage more convenient and healthful lifestyles, which is anticipated to drive the market for canned food packaging.
Competition Summary
Key companies covered in the market study are Ball Corporation, Del Monte Foods, Inc., Crown Holdings, Amcor Limited, Anchor Glass Container Corporation, Siligan Containers, Ardagh Group, Greif Incorporated, Toyo Seiken, Huber Packaging
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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