Food Can Market Upcoming Future Growth, Competitive Analysis and Forecast 2029

Food Can Market Overview

The canning technique is used by the processed food sector to extend the product's shelf life. The greatest substitute for single-use plastic packaging items is food cans. A significant portion of the population is adopting food cans as a result of the high recycling rate, which has increased demand for food cans.

Food Can Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Food Can industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

For in-depth information on this study, visit the following link: https://www.maximizemarketresearch.com/market-report/global-food-can-market/91969/

Food Can Market Dynamics

The market for food cans has expanded due to the high rates of aluminium recycling, as well as a rise in the number of customers who are concerned about their health and an increasing understanding of the nutritious contents of food and drink. The growth of the food can market has been fueled by government intervention to forbid the use of single-use plastics that harm the environment and a growing public awareness of the negative effects of doing so.

The shelf life of food cans varies from one to five years based on the type of sealing utilised. Canned food is more popular among consumers, especially millennials, because it is less expensive and lasts longer.

Opportunities

The market for metal cans will expand as there is a growing need for plastic-free packaging options. Demand for metal cans will rise as people become more conscious of environmental issues. Metal can sales are facilitated by the expanding food and beverage sector. Transportability and ease of recycling are two aspects that encourage market expansion.

Cans became attractive for small players when mobile canning services with low off-volumes, low cost, and creative flexibility and shrink sleeve option were introduced. The newest fashion and fastest-growing market is wine in cans, which will see a 68% increase in sales to 188.8 million in 2021.

Food Can Market Segmentation

by Material

Aluminum
Steel

By Material, With a CAGR of throughout the forecast period, the aluminium segment is anticipated to lead the market. The economics and aluminium recycling rate are to blame for this. An eco-friendly and sustainable packaging option for a variety of uses is offered by the growing usage of metal packaging for food and drink packaging. The oven or refrigerator are handy places to store aluminium cans. Packaging for food and beverages reflects shifts in consumer preferences. The US Environmental Protection Agency (EPA) reports that 49.2% of aluminium beverage cans that were created were recycled out of 1.9 million tonnes of aluminium packaging made for beer and soft drink cans .

by Type

2-Piece
3-Piece

by Application

Food
Beverages

In terms of application, the global food can market is dominated by the beverage segment. Because of the rise in the consumption of energy drinks, sports drinks, soft drinks, and non-soft drinks, beverage cans are predicted to account for a significant portion of the market by 2029. The market for beverage cans will expand as alcoholic beverage consumption rises. Over the course of the projection period, the metal can market will also be driven by shifting consumer tastes towards healthier beverage options.

Food Can Market Key Players

1. Crown Holdings
2. Ball Corporation
3. Silgan Holdings Inc.
4. Ardagh Group
5. CAN-PACK S.A
6. Kian Joo Group
7. CPMC Holdings Limited
8. Heineken
9. Kraft Heinz Company
10. Suntory
11. Asahi Group
12. CHS Inc.
13. Coca-Cola European Partners
14. Bunge
15. Carlsberg.
16. Irwin Packaging Pty Ltd.
17. Independent Can
18. Huber Packaging Group
19. Toyo Seikan Group Holdings Ltd.
20. Sonoco Products
21. Amcor
22. Allstate Can Corporation
23. Can Pack S.A.
24. Lucky Star Ltd

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Table of content for the Food Can Market includes:

Part 01: Executive Summary

Part 02: Scope of the Food Can Market Report

Part 03: Global Food Can Market Landscape

Part 04: Global Food Can Market Sizing

Part 05: Global Food Can Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America has sold 118 billion food cans in the US and Canada, dominating the worldwide food can industry. Growing consumer awareness of environmental sustainability is the primary driver of the food and beverage metal can market in North America. One of the biggest producers of food and drink is North America. In addition, North America is home to a sizable population of people who consume packaged food and beverages, making it one of the world's top users of aluminium cans. Increased investment in R&D and technological advancements is projected to assist North America's domestic food and beverage can manufacturing industry. The food sector is impacted by several elements.

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