Food Cans Market Introduction:

According to the USD Analytics published latest research report, the global “Food Cans Market” is expected to grow at a tremendous CAGR of 6.1% during the forecast period 2023-2030.

Food cans are often used for food preservation in treated and sealed steel or aluminum cans with food life ranging from one to five years. The canning procedure is used in the processed food sector to increase product shelf life. Food cans are the greatest single-use plastic packaging replacement. Because of the high rate of recycling, food cans are preferred by a big population, resulting in a huge demand for food cans.

Market Drivers:

The Food Can market has expanded as a consequence of strong aluminum recycling rates, as well as a growth in the number of health-conscious customers and a rising knowledge of good components in food and drinks. The increase in public awareness of the negative implications of using single-use plastics, as well as government action in prohibiting the use of such environmentally harmful plastics, has fueled the expansion of the Food Can Market.

The shelf life of food cans ranges from one to five years, depending on the sealing method utilized. Customers, especially millennials, prefer canned food since it is less expensive and lasts longer.

Cans, which have been largely replaced on store shelves by dry dog foods and wet pet foods packaged in cubes and other flexible, plastic-based setups in recent years, remain relevant in the increasingly competitive pet food market, which includes both specialty and traditional brands and stores. Several elements may contribute to a lengthy history of popularity. The most significant benefit of including canned food recipes into a dog’s diet is that it builds the link between pet owners and their children during mealtime. Pet food box design is not an all-or-nothing approach. While dry food is still the most popular option for pets owing to its ease of use, wet food offers various benefits.

Market Restraints:

The increased demand for aluminum in the industrial industry resulted in a shortage of raw resources such as steel and aluminum sheets. Pricing becomes unstable when orders to major players are delayed.

Market Opportunities:

The growing need for plastic alternatives in packaging will drive the metal can industry forward. Increased environmental consciousness will increase demand for metal cans. Metal cans can be sold in the thriving food and beverage business. The ease of recycling and the durability of transportation are elements that contribute to the market’s development.

Tiny off-volumes, low costs, and novel flexibility and shrink sleeve options make cans appealing to tiny players. Wine in cans is the latest trend and fastest growing sector, with a 68% increase in sales to 188.8 million in 2021.

Segmentation Analysis:

By Applications:

• Ready Meals
• Powder Products
• Fish and Seafood
• Fruits and Vegetables
• Processed Food
• Pet Food
• Others

By Material:

• Aluminum Cans
• Steel/Tin Cans

By Material Aluminum Cans Segment dominates the Market:

The aluminum cans segment is likely to dominate the market during the projected period. This is due to aluminum’s economics and recycling rate. Metal packaging for food and beverage packaging is becoming more popular as a sustainable and ecologically friendly alternative for packaging in a variety of applications. Keep metal cans in the refrigerator or oven for convenience. Food and beverage packaging may reflect changes in customer tastes.

According to the US Environmental Protection Agency (EPA), 1.9 million tons of aluminum packaging for beer and soft drink cans were made, with 49.2% of aluminum beverage cans recycled. One of the most significant causes for market development is the safety of metal packaging for the food sector.

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Geographical Analysis:

The global food cans market is segmented into North America, Europe, South America, Asia Pacific, and Middle East & Africa.

North America Food Cans Market:

The continent of North America With 118 billion units sold in the United States and Canada, it dominates the global food can market. The market for food and beverage metal cans in North America is primarily driven by increased consumer awareness of environmental sustainability. North America is a big producer of food and beverages. Furthermore, North America is a major user of aluminum cans, and the area is dominated by a huge number of packaged food and beverage consumers. Increased investment in R&D and technical improvements is expected to help domestic manufacture of food and beverage metal cans in North America. These variables have an impact on the food sector.

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Competitive Landscape:

The major companies contributing to the global food cans market growth include Crown Holdings, Ball Corporation, Silgan Holdings Inc., Ardagh Group, CAN-PACK S.A, Kian Joo Group, CPMC Holdings Limited, Heineken, Kraft Heinz Company, Suntory, Asahi Group, CHS Inc., Coca-Cola European Partners, Bunge, Carlsberg., Irwin Packaging Pty Ltd., Independent Can, Huber Packaging Group, Toyo Seikan Group Holdings Ltd., Sonoco Products, Amcor.

Additional Benefits Post Purchase:

1) Unlimited Analyst support for a period of 1 year.

2) Any query regarding the scope offered will be addressed within 24- 48 hours.

3) An excel sheet with market numbers will be provided separately.

The Full Report has the below insights.

• The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021) and verifiable market size projections (2022-2029).
• Identify commercial opportunities in the global food cans market by analyzing trends and co-development deals.
• The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis and pricing analysis.
• Excel data sheet with thousands of the global food cans market-level 4/5 segmentation data points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players.
• The report will provide access to approximately 50+ market data tables, 40+ figures and close to 200 pages. 

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