Food cans are ideal for packaging food products. The food in the food cans can be preserved for a long-time and remain fresh. Also, the nutritive value remains the same. Food cans are also easy to transport, also across longer distances.
Food can packaging meets the demands for food safety and is extremely suitable for high-speed filling. Food cans are used for (olive) oils, vegetables, fish, fruit, meat, soup, ready meals, and pet food, particularly because of the good protection of the filling good and the long conservation.
The global food can market is slated to register a value CAGR of 3.9% throughout the forecast period ranging from 2022 to 2032. As per Future Market Insights, a valuation of US$ 23.1 Billion is expected for the market in 2022. By 2032, demand for food cans is forecast to reach US$ 33.86 Billion.
| Data Points | Key Statistics |
|---|---|
| Anticipated Market Value in 2022 | US$ 23.1 Billion |
| Projected Market Value in 2032 | US$ 33.86 Billion |
| Growth Rate (2022 to 2032) | 3.9% CAGR |
Steel and aluminum cans are unbreakable, heat- and puncture-resistant, and impervious to oxygen, light, and bacteria. Mostly (OTS) food cans are extensively used in packaging various types of food items like fruit pulp, juices, jam ready-to-eat processed food pickles, baked beans/Corn products, sweets, etc. These are manufactured from the prime quality tin plate with suitable tin coating and thickness.
With the increasing awareness of hygiene and safety every housewife would like to opt for a packaging medium that offers safety, reliability, and aesthetics while being consumed at home and all these qualities are undoubtedly offered by food cans.
It not only offers the highest barrier properties from Oxygen, moisture, bacteria and but it also acts as an excellent barrier from rodents and other pests to ensure that the product is safe inside the pack till it is finally consumed.
FMI research indicates that retail food can show great potential for not only durability but improving outcomes for buyers in different areas as food cans offers benefits like:
With the changed consumer attitude, the concept of packaging has evolved drastically. Manufacturers give importance to secure, attractive, and environmentally friendly packaging to deliver the products safely.
Whether products sell offline or online, packaging will heavily impact customers' buying experience thus many manufacturers are offering a wide variety of food cans to meet varied & diverse packaging needs. As these food cans are manufactured with superior quality material & known for their durability & corrosion resistance.
Food cans are leakage, tamper-proof and maintain the nutritional value of the product. Food cans are highly preferred by the consumers especially for dry and granular food products. Food cans are 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 variety of closure that provides consumer convenience for product handling. These property of food cans increase 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 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 the lightweight food cans due to inconvenience caused by consumers.
The global food cans industry has witnessed significant growth over the last few decades with the products soaring to new heights each year. Preference of food cans is expected to grow over the forecast period, owing to recyclability.
Food cans serves the storage purposes for dry food products which include frozen food, beans, fruits and vegetables, pet food and others. Increase in the preference of canned food and increase in the disposable income is the primary factor driving the sales of the global food cans market.
Being 100 % recyclable food cans are expected to be the ideal packaging choices for the manufacturers in the world which emphasizes sustainable packaging solutions. Increase in awareness among the consumers related to intake of healthy fruits and vegetables is contributing towards the growth of the global food cans market.
Despite the positive factors, there are certain factors which hinder the growth of the global food cans market. Pouches and plastic containers are the alternative solution which provides additional functionality, features and value which is expected to hinder the growth of the global food cans market.
Fish & seafood segment is expected to be most attractive segment, during the forecast period. Overall, the global outlook of food cans is expected to remain positive, during the forecast period.
The North America food cans consumption is expected to remain on the top in terms of value and volume during the forecast period. The United States (U.S.A) will remain the largest market of food cans while Canada is expected to register notable growth of food cans market during the forecast period.
The Asia Pacific excluding Japan (APEJ) is expected to closely follow the North America food cans market during the forecast period. Western Europe is expected to closely follow the APEJ region in terms of food cans market size during the forecast period. The Middle East & Africa (MEA) food cans market is expected to register sluggish growth during the forecast period.
Few of the leading players operating in the global food cans market are –
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global food cans market has been segmented as follows -
On the basis of material, the global food cans market has been segmented as:
On the basis of application the global food cans market has been segmented as:
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Food Cans Market
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