Asia Pacific Canned Food Packaging Market was worth USD xx million in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx million by 2026.
Packaging plays an important role in fulfilling the needs of the customers. To attract the customers and to preserve food, various packaging companies came up with different innovations. Metal cans are one of the most used types of food packaging which facilitate the distribution and storage of the food. Canned food or processed food is a good source of nutrients and protect the food from external conditions and provide hygienic food.
Metal packaging is a popularly used packaging type as it is convenient to use, easy to transport and safe to consume. The canned food thus is available in various sizes, shapes, and styles. Changing customer preference is a problem faced by the food manufacturers as it is unpredictable and thus constant innovation has to be made to attract them. While offering the advantages of a long shelf-life and low prices, canned food suffers from a poor consumer perception of its healthiness and taste quality.
Recyclable and reusable properties of the cans, cheaper price of canned food, nutritional value and hygienic food process, demand for the packaged or processed food, and availability of various convenient food option such as ready to eat, ready to cook, ready to serve and ready to heat are the factors driving the Asia-Pacific canned food packaging market. Rising household income, increasing urbanization and growing demand for the milk-based products such as cheese and ice-cream are also driving the market. However, availability of alternative packaging solutions, the high cost of metals, an introduction and high density of polyethylene terephthalate are major restraining factors affecting the Asia-Pacific canned food packaging market.
The Asia-Pacific Canned food packaging market is segmented on the basis of Type of can, Material, Application and Distribution channel. Depending on types of can, the market is segmented into 3-piece welded food cans, 2-piece food cans and open top sanitary can. By raw material, the market is segmented into Aluminium packaging, Steel packaging, Tinplate packaging, Glass and Plastic. On the basis of application, the metal cans market is segmented into food & beverage applications. Beverage segment is growing at a highest rate in the canned food packaging market. Based on the beverages, the market is sub segmented into Alcoholic, CSD, Sports & Energy Drinks and based on the food type, the market is sub segmented into Fruits & Vegetables, Convenience Food, Pet Food, Meat & Seafood. Fruits & vegetables is most widely used sub-application of canned food packaging market. On the basis of the Distribution Channel, the market is segmented into Supermarkets and hypermarkets, Independent retailers, Convenience stores and Specialist retailers.
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific is growing at the fastest rate due to growing number of interested investors investing in the development of industries and increase in production and consumption capacity in these regions are expected to gain traction in the forecast period.
Key Players in the Market:
Major key players in the Asia Pacific Canned Food Packaging Market are
Crown Holdings, Inc., Ball Corporation, Silgan Holdings Inc., Del Monte Foods, Inc., Can-Pack S.A., Ardagh Group, Amcor Limited and Anchor Glass Container Corporation.
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