Food Cans - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Food Cans Market is accounted for $21.29 billion in 2019 and is expected to reach $33.94 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Increase in awareness among the consumers and growing demand for food & beverage metallic can products are the major factors propelling the market growth. However, increasing demand for alternatives such as flexible plastics in the food industry is hampering the growth of the market.
Food cans are leakage, tamper-proof and maintain the nutritional value of the product. Food cans are highly preferred by consumers, especially for dry and granular food products. Food cans are an impeccable choice for the customers due to its high barrier properties. Food cans witness high demand every year, with millions of food cans manufactured worldwide. Food cans are available in a variety of closure that provides consumer convenience for product handling. This property of food cans increases their preference among the consumers as well as manufacturers. Food cans are the most effective packaging solutions that provide all the features needed during transportation and storage. Hot and cooked food is filled in the food cans, under the wide range of conditions. This ensures that food can be preserved for a longer duration of time without the need of the preservatives. Food cans are best suited for preserving the food because it prevents the growth of microorganisms that cause food illnesses. Food cans manufacturers are focusing on lightweight food cans due to inconvenience caused by consumers.
Based on the material, the aluminium segment is going to have a lucrative growth during the forecast period owing to the resistant to corrosion and provide one of the longest shelf lives of any type of packaging. The lightweight and easily stackability of these cans provide storage and shipping efficiencies and limits overall transportation carbon emissions through logistics and supply chains, thus driving its adoption in packaging. Also, the aluminium cans deliver 100 per cent protection against oxygen, light, moisture, and other contaminants.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the prosperous economy, having an outsized inhabitant’s base, which is prepared to expend on treated food and speedily increasing end-user markets of Japan, India and China. In this area, food metal cans are broadly utilized for the packaging of the vegetable and the fruits products.
Some of the key players profiled in the Food Cans Market include Ardagh Group, Wells Can Company, Kian Joo Group, CPMC Holdings, Kingcan Holdings Limited, CAN-PACK S.A, Tetra Laval International S.A., Aaron Packaging, Inc., Crown Holdings, and Ball Corporation.
• 2-Piece Cans
• 3-Piece Cans
• Round Cans
• Bowl Cans
• Shaped Cans
• Less than 100gm
• 100gm - 300gm
• 300gm - 500gm
• More than 500 gm
• Pet Food
• Convenience Food
• Fish & Seafood
• Fruits & Vegetables
• Adult Food
• Infant Food
• Frozen Food
• Tea & Coffee
• Sauces, Jams and Pickles
• Bakery & Confectionary
• Meat & Poultry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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