Canned Food Packaging Market Size Analysis
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.
Food that has been processed or canned provides an excellent supply of nutrients, shields the food from the elements, and is hygienic. The most popular canned food is packaged in metal because it is simple to use, transport, and eat.
Because aluminum packaging is growing in popularity because it provides better security and defense against outside elements like heat and pollution, due to the region’s large consumption of canned food, North America is considered a very lucrative market for the packaging of tinned food.
GROWING AVAILABILITY OF CANNED GOODS IN ONLINE STORES TO PROMOTE GROWTH
In the foreseeable future, the canned food packaging market is anticipated to grow quickly. 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.
The availability of ready-to-eat, ready-to-cook, ready-to-serve, and ready-to-heat food options, as well as an increase in the demand for packaged or processed food, are all predicted to drive the expansion of the global canned food packaging market.
AVAILABILITY OF LOW-COST ALTERNATIVES TO HINDER MARKET GROWTH
The market for canned food packaging includes a wide range of end uses. However, there are a lot of obstacles to market expansion. Other low-cost options, such as various packaging techniques, may hamper the development of the market for the packaging of canned foods. Manufacturing companies for canned food packaging are concentrating on creating inventive and imaginative items due to the complexity of rules and regulations.
Furthermore, the growth of the canned food packaging market in the upcoming year may be constrained by a lack of raw materials and a disturbed supply chain. The introduction of polyethylene terephthalate, high-density polyethylene materials, and the high price of metals could restrain market expansion.
PACKAGING INNOVATION IN THE FOOD INDUSTRY TO FAVOR GROWTH
Rising packaging technologies offer a chance for market expansion. The packaging is essential for maintaining food quality and ensuring food safety for the shelf life. Plastic packaging is excellent for developing creative product solutions. Plastic cling film is one of the many types of plastic packaging that is still used today. The market is shaped by the trend toward environmentally friendly packaging and cutting-edge advances in cling film packaging.
Market Segments Covered in Report
By Type of Food:
By Distributional Channel:
By Raw Material:
By Types of Cans:
By Preservation Technique:
By Region and Country:
Which is the leading raw material segment in the global canned food packaging market?
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.
Aluminum cans have also been used extensively for food packing for millennia due to their great stackability and recyclable nature. 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.
Which is the highly preferred type of food global canned food packaging market?
Fish and seafood make up the majority 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.
Consumer knowledge of the nutritional advantages of fish and seafood, the convenience of consumption, and the long shelf life it provides, has led to a steady rise in the market for canned fish and seafood. The fitness-conscious populace, especially athletes, highly demands canned fish products (such as salmon).
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Major businesses are eager to expand operations and explore new areas in a highly competitive sector. These businesses are also involved in product creation to preserve a competitive edge.
The key developments in the Global Canned Food Packaging Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type of Food, Distributional Channel, Raw Material, Types of Cans, Preservation Technique, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.6%.
The growing availability of canned goods in online stores promotes growth.
Major global Canned Food Packaging Market players 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.
Availability of low-cost alternatives to hinder the market growth.
North America is expected to account for the largest market revenue share in the Global Canned Food Packaging market.
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