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Fish Can Market Outlook from 2024 to 2034

The fish can market size is likely to achieve the mark of USD 1,261 million in 2024 with the effect of ongoing packaging industry trends. Such forces create prospects for key players in the fish can industry, which enables the expansion of key players within the competitive landscape.

Leading players are likely to influence the demand for fish can, helping the sector reach a CAGR of 3.9% during the period. The valuation of the industry is poised to reach USD 1,853 million by 2034.

With the rising consumer inclination toward a healthy lifestyle, the demand for nutritional food is expected to rise. Consumers prefer products that have high nutritional properties, including lower carbohydrates, protein-richness, and low calories. This consumer trend is expected to drive the demand for a protein-rich diet, fueling the demand for a diet containing fish.

The fish can market forecast reveals a significant shift in consumer preferences towards sustainable packaging solutions. As environmental concerns continue to mount, the demand for eco-friendly packaging is expected to surge in the industry.

This trend underscores the imperative for players in the industry to adapt and contribute to the increasing market effectively. Recognizing the importance of sustainable practices is crucial for industry professionals to stay ahead of the curve and contribute to a greener future.

Growing eCommerce platforms have helped key players in the fish can industry in terms of elevating customer touchpoints. As the accessibility of brands increases among consumers, the profitability of a firm is elevated. This creates several investment prospects in the industry, fueling the demand for fish can.

With the rising disposable incomes of individuals, a shift toward personalization is observed. Customers are inclining toward the premium product segment to fit the changing landscape. Changing demographics could help this driver create more influence on the industry, which generates more demand for such goods. The growing upper-class segment with rising income is estimated to create more prospects in this population segment, elevating the market.

With changing trade policies, various governments have levied taxes on imports of goods. This factor underscores the growing opportunities for key players in the industry to expand international trade. This driver could push the demand for fish to a better path.

Despite different drivers, overfishing is a key growing concern that might refrain consumers from buying fish products. This is likely hinder the demand for fish can.

Attributes Description
Estimated Global Fish Can Market Size (2024E) USD 1,261 million
Projected Global Fish Can Market Value (2034F) USD 1,853 million
Value-based CAGR (2024 to 2034) 3.9%

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Key Industry Highlights

Trending Canning Technology to Elevate the Fish Can Industry Outlook

To elevate the shelf life of fish food products, key players in the fish can industry are focusing on improving packaging solutions. Apart from focusing on the supply chain, organizations have been investing a lot in technology. The upgradation of the business through innovation has been a key solution to fuel the canning and storage process.

The use of ultra-thin plates has been rising. With the betterment in the material science branch, the diversification in the use of various plates for producing cans has spurred. Along with steel and aluminum, key players are using chrome plates to achieve efficient results in the production of cans. The perishability of the fish food is drastically reduced due to such plates.

Pulsed Electric Fields, High-Pressure Processing, etc., are current key canning methods that have gained traction in the industry. Due to the cost-effectiveness and efficiency of such procedures, the production of fish cans can be simplified. As a result, this technological trend elevates the quality of products, which drives the demand for fish can.

Convenience Food to Fuel the Fish Can Demand

The urbanization rate has been rising recently due to the infrastructural growth. Cities and towns are getting clustered due to overcrowding. With the rise in jobs in urban areas, the population concentration in such regions is expected to spur in the next decade.

The fish can market forecast suggests that the aforementioned factors may fuel the growth rate of the industry due to the rising demand in urban areas. Along with this factor, the changing consumer lifestyles could be another prominent driver for the sector.

Changing lifestyles have a significant effect on consumer mindset. Urbanization has increased the pace of an individual’s life. The demand for convenient food will likely spur due to this changing scenario.

Due to this, suitable food packaging methods must be employed. This induces an industry driver having the potential to uplift the market. Due to the rising demand for staple and convenience food, the packaging sector may be required to produce relevant packaging solutions. This factor, therefore, fueling the demand for fish can.

Price Volatility to Affect the Sales of Fish Can

The fishery business is vastly dependent on seasons. As a result, the production of fish products might fluctuate highly, affecting the functioning of allied firms. Due to this dependence, the price volatility of raw materials increases. This is a key constraint restricting the market.

2019 to 2023 Global Fish Can Market Sales Outlook Compared to Demand Forecast from 2024 to 2034

With reference to the historical figures, the market reached USD 1214 million in 2023. With the effect of many industry drivers, the demand for fish can be poised at 3% during the historical era, lifting the size of the sector from USD 1090 million, measured in 2019.

The growing population spurred the demand for food during the historical era. To cater to such growing needs, the food and beverage landscape evolved. As a result, more prospects were generated for key players in the sector. Meat consumption during the historical era was also spurred, elevating the demand for fish food. This fueled the demand for fish cans, opening opportunities for leading fish can manufacturers.

The growth of retail supermarkets was another critical fuelling force that helped the industry progress during the historical period. With the advancements in the said distribution channel, the reach of key players increased. This spurred the fish product demand in the industry, elevating the market during the mentioned period.

The growing environmental awareness in the forecasted period is likely to govern the demand for fish can. Consumer inclination is likely to be observed to shift toward eco-friendly products. This will upsurge the demand for packaging solutions that meet environmental standards.

Biodegradable cans are forecast to be preferred more in the next decade, which could encourage key players to adhere to the production of such cans. Technological advancements will aid a stronger infrastructure to cater to such demands, driving the demand for fish can during the forecasted period.

Ismail Sutaria
Ismail Sutaria

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Comparative View of Adjacent Markets

The growing fish food consumption and the rising demand for seafood will raise the demand for fish storage, processing, and other related activities. Due to this, a significant spike in the processing sector can be observed. With the growing knowledge of the nutritional value of fish protein, the muscle protein demand is expected to grow, fueling the necessity for packaging.

Fish Muscle Protein Industry Assessment:

With curing properties observed, fish proteins are used to cure various diseases. The growing research and development activities will augment products. This is expected to spike the demand for fish to produce fish protein. The increasing use in the cosmetic industry is another driver for the landscape.

Attributes Description
Related Market Fish Muscle Protein Market
CAGR (2024 to 2034) 9.7%
Key Trends The growing demand in the pharmaceutical industry.
Opportunity The organic cosmetic industry generates several prospects for the landscape.
Growth Factor The research and development activities will spur innovation, driving the landscape.

Fish Meal Industry Assessment:

With the growing demand for poultry products, fish meal demand is poised to rise. The consumer inclination toward adopting organic fish meal is favoring key players. The ever-increasing research activities support the growth of the ecosystem. Fish meal is seen as a replacement for the traditional diet, driving the sector.

Attributes Fish Meal Market
CAGR from 2024 to 2034 4.4%
Key Trends The growing consumer preference for organic fish meal.
Opportunity Developing countries generate more prospects for key players in the ecosystem.
Growth Factor The elevated demand for pig farms and poultry drives the ecosystem.

Fish Processing Sector Assessment:

The growing fish food consumption drives the demand for food processing. This increases investment opportunities in the sector. With the growth of the allied industries, the prospects for the fish processing sector spur. The rising demand for fish storage elevates the size of the sector.

Attributes Fish Processing Sector
CAGR from 2023 to 2033 5.9%
Key Trends The development of cutting-edge storage and processing units.
Opportunity The use of aquaculture is gaining traction in the sector.
Growth Factor The growing fish oil sector spurs the demand for fish processing.

Country-wise Analysis

The growing economies in Asia Pacific are forecast to provide better prospects for the food industry, leveraging the contribution of key players in the industry from the region to the market. Technological advancements and sustainability concerns in North America and Europe are poised to drive the demand for fish can in such areas.

Forecast CAGRs from 2024 to 2034

Countries CAGR 2024 to 2034
United Kingdom 1.9%
United States 2.2%
India 3%
Germany 2%
China 2.7%

Sustainable Sourcing in the United Kingdom Fuels the Fish Can Demand

The projected industry development in the United Kingdom is set to occur sluggishly at a CAGR of 1.9% through 2034, where many key factors influence the progress. With the growing consumer attention toward ethical procurement of products, key players in the industry could be required to produce fish cans with the help of sustainable methods.

The government of the country has formulated many regulatory policies that encourage key players to produce by meeting all necessary standards.

More emphasis is placed on the recyclability of material, which fuels the demand for plastic-free material. This creates prospects for metal cans or other materials in the industry. The waste reduction methods used and sustainability principles followed in the country will drive the demand for cans, elevating the industry's size.

Snacking Trends in the United States Drive the Sales of Fish Can

The probable advancement of the industry in the United States will occur at a CAGR of 2.2% through 2034. With the changing lifestyles in the country, consumer preference for food is seen to change drastically recently. Along with the choice of staple food, people in the country are more inclined toward snack consumption.

Health consciousness is another key trend coupled with the abovementioned trend, helping the industry contribute to the enlargement of the market. With the growing consumer awareness about personal health, the focus on maintaining a nutritional diet is increasing. Social media influence is another driving factor that helps the trend spur in the country. Brands have invested in marketing products so that the demand for fish food increases.

India’s Fishery Support to Govern Contribution to the Fish Can Industry Outlook

With the rising support from the government, fisheries in India will experience an inclining future. Due to this, the prospects for key players in the industry will increase. As the country is vastly dependent on agricultural resources, the scope for animal husbandry will likely increase.

Coupled with the abovementioned factor, various government efforts are taken to uplift such industries. Incentivization, levied taxes, and improved transport are key improvements that fuel the fishery business and other allied businesses in the country.

The progress of various allied and dependent sectors, moreover, will spur increasing growth prospects for the said ecosystem. The above mentioned factors will elevate the size of the industry at a CAGR of 3% through 2034.

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Category-wise Insights

Along with the growing fish food consumption by humans, the demand for fish food is rising among pet users. This increasing demand will likely help key players in the fish can industry produce cans that can ideally fulfill the requirements of both classes. Along with this factor, the prospects for the food processing industry are growing, elevating the contribution of the sector to the growth of the landscape.

Rising Food Demands to Elevate Food Processing Requirement

Category End Use-Food Processing Industry
Industry Share in 2024 85%

Due to the growing population across the world, the demand for food to feed per capita is increasing. This enhances the prospects for the food industry. With the development of emerging economies, opportunities for the food industry could elevate. The consumption of red meat and other products may spur the requirement for food processing. This is likely to drive the demand for the segment, helping the sector to contribute to the market enlargement.

The demand for food storage and processing to enhance the shelf-life has been increasing. Due to the growing preference for packaged food, the shelf-life of food products must be improved, which drives the demand for the food processing industry. Such factors will elevate the lucrativeness of the segment.

Pet Feed Drives the Demand for 200 to 750 gram Cans

Category Capacity-200 to 750 grams
Industry Share in 2024 55%

With the growing proportion of pet adoption in developed as well as developing countries, the demand for pet food is likely to elevate. The average demand for pet food ranges between 200 to 750 grams, which drives the demand for the said segment.

The ascribed range is a perfect fit to nourish the diet of domestic pets. This meal is increasingly recommended by veterinary doctors, promoting the demand for fish food containers. The availability of such food products is increasing due to the growing distribution networks and sales channels, spurring the segment demand.

Along with the pet consumption, the ascribed fish food range is suitable as the convenience food, which spurs the demand for such cans. This segment, hence, drives the demand for fish can.

Competition Outlook

With the effective results obtained from expansion strategies like partnerships, acquisitions, and strategic collaborations, key players in the fish can industry utilize different expansion modes to gain a better strategic position in the landscape.

Key competitors are focusing on product launches in different verticals of the packaging landscape. Such activity helps firms gain consumer attention and enhances the product portfolio of companies. Startups are focusing on mergers and acquisitions to mitigate the threat of key players to gain a larger competitive landscape.

Industry Updates

  • In November 2023, Ardagh Group introduced a new Boston Round beverage bottle through the online sales channel. This helped the organization diversify the product portfolio.
  • In February 2024, Crown Holdings, Inc. expanded in Europe through a Virtual Power Purchase Agreement (VPPA) with Enel Green Power España (EGPE).

Leading Fish Can Manufacturers

  • Crown Holdings, Inc.
  • Ardagh Group
  • Amcor Plc
  • Silgan Metal Packaging
  • Massilly Holding S.A.S
  • Colep Packaging
  • HUBER Packaging Group
  • Tinmasters
  • Sonoco Products Company
  • Trivium Packaging.
  • Jean Anid & Fils S.A.L.
  • MIVISA ENVASES, S.A.U.
  • SARTEN AMBALAJ SAN. VE TIC. A.S.
  • Nussbaum Matzingen AG
  • Hoffmann Neopac AG
  • Toyo Seikan Group Holdings, Ltd.

Fish Can Market Segmentation

By Capacity:

Based on capacity, the sector is segmented into Less than 200 gm, 200 to 750 gm, and above 750 gm categories.

By Can Type:

Two significant categories in the segment are 2 piece can and 3 piece can.

By End Use:

The food processing industry and pharmaceuticals industry are two key end-user industries using fish cans.

By Region:

North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and The Middle East and Africa are the key contributing regions to the industry.

Frequently Asked Questions

At what CAGR fish can industry will progress through 2034?

The fish can market is set to advance at a CAGR of 3.9% through 2034.

What will the fish can industry size be by 2034?

The industry is likely to reach USD 1,853 million by 2034.

What is the fish can market size in 2024?

The market size is estimated to be USD 1,261 million in 2024.

Which end-user industry will gain popularity in 2024?

The food processing industry is estimated to hold an 85% share in 2024.

What are the growth prospects in the United States through 2034?

The fish can demand in the United States is likely to progress at a CAGR of 2.2% through 2034.

Table of Content

1. Executive Summary

2. Industry Introduction, including Taxonomy and Market Definition

3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments

4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    6.1. Capacity

    6.2. Can Type

    6.3. End Use

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Capacity

    7.1. Less than 200 gm

    7.2. 200-750 gm

    7.3. Above 750 gm

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Can Type

    8.1. 2 Piece Can

    8.2. 3 Piece Can

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use

    9.1. Food Processing Industry

    9.2. Pharmaceuticals Industry

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    10.1. North America

    10.2. Latin America

    10.3. Western Europe

    10.4. South Asia

    10.5. East Asia

    10.6. Eastern Europe

    10.7. Middle East & Africa

11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

18. Sales Forecast 2024 to 2034 by Capacity, Can Type, and End Use for 30 Countries

19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

20. Company Profile

    20.1. Crown Holdings, Inc

    20.2. Ardagh Group

    20.3. Amcor Plc

    20.4. Silgan Metal Packaging

    20.5. Massilly Holding S.A.S

    20.6. Colep Packaging

    20.7. HUBER Packaging Group

    20.8. Tinmasters

    20.9. Sonoco Products Company

    20.10. Trivium Packaging.

    20.11. Jean Anid & Fils S.A.L.

    20.12. MIVISA ENVASES, S.A.U.

    20.13. Hoffmann Neopac AG

    20.14. Toyo Seikan Group Holdings, Ltd.

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