Canned Food Packaging Market

Global Canned Food Packaging Market Size (2024 To 2029)

The size of the global canned food packaging market is expected to be worth USD 31.08 billion in 2024 and grow at a CAGR of 4.80% from 2024 to 2029 to achieve USD 39.29 billion by 2029. The global canned food packaging market is continually evolving and is supposed to show high growth over the same period.

Food is a vital piece of life, so the manner in which customers follow up on food changes significantly. Food is the preferred item according to various external aspects such as color, flavor, presentation and hygiene. Therefore, packaging plays an important role in meeting customer needs. Several packaging companies are developing alluring types to lure customers. Metal jars are a sort of food bundling that makes it simple to disperse and store food. Canned or processed foods can offer enough nutrients and protect foods from external climatic and other dangerous conditions. The most conventional type of canning is metal butter. It is widely used because it is convenient to use, easy to transport and safe to consume. Canned food is available in a variety of sizes, shapes, and styles across the international marketplace. Development in the canned bundling market is impacted by expanded utilization of vaporized canned drinks and expanded utilization of canned nourishments.

MARKET DRIVERS

The growth of the global canned food packaging market can be supported by the developments in the worldwide food and beverage industry, the rising call from the cosmetic industry and packaging innovations.

Bundling far and wide has seen solid development as of late because of rising extra cash and changing customer inclinations. Cans are one of the most widely used types of packaging materials and have become increasingly popular in developed and developing countries in recent years. Advances in packaging technology to help provide metal cans with improved functionality and storage were also key factors driving growth in the soft drink end-use sectors. Cans are widely used in alcoholic and non-alcoholic beverages. On the other hand, product differentiation and the use of green products and practices can provide tremendous opportunities for market growth. Focusing on strategic collaboration and key growth areas will help market participants. Additionally, urbanization and increased disposable income have made the Asia Pacific the fastest growing area. The recyclable and reusable properties of these cans, along with the nutritional value and the sanitary process also promotes the boom in this market. The growth of the global canned food packaging market will be driven by the availability of a variety of convenient food options, such as busy hours and the growth of a busy lifestyle, increased demand for packaged or processed ready-to-eat foods, ready to cook, ready to serve, and ready to heat products.

In the coming years, urbanization is predicted to increase, along with consumer spending incomes and the call for milk-based products, such as cheese and ice cream. Besides, macroeconomic factors that are beneficial to the global canned food packaging market are provided at low prices for use due to lifestyle changes, rising disposable incomes, and declining food prices of packaged or canned, and the ease of availability of canned food according to various tastes. And the election is expected to gain strength in the outlook period. The exponential growth of the global food and beverage industry is creating a demand for convenient packaging solutions, which are supposed to stimulate the growth of the global canned food packaging market. Changes in lifestyle and increased disposable income are some factors that are likely to support growth in target markets. Furthermore, the development of new diversified packaging styles that provide tremendous growth opportunities for canned food consumption and the high potential of emerging economies are creating exciting opportunities within the packaging industry.

MARKET RESTRAINTS

The prominent factors that may affect the global canned food packaging market are the availability of alternative solutions, the advent of expensive metals, polyethylene terephthalate, and high-density polyethylene materials.

Also, metal cans cannot be used to heat food in the microwave, and it is expected to limit the demand for canned food to some extent. The presence of a chemical called BPA, which is used to prevent food from reacting with the metal's inner surface, is a concern for users' health problems. In addition, the lack of microwave power and the profitability of alternative materials impact the growth of the canned food packaging market. The dynamic problem faced by processed food manufacturers is dynamic, as changes in customer preferences are unpredictable and constant innovation must be made to attract them. However, stringent government regulations on the use of plastic materials for food packaging are expected to mitigate the threat of alternatives in the global canned food packaging market.

REPORT COVERAGE

REGIONAL ANALYSIS

Globally, the canned food packaging market is spread across North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and the Middle East and Africa. The Asia Pacific market is expected to post significant growth as demand for packaged foods increases in emerging economies such as India and China. Countries like India and China have large populations and relatively buoyant economies as the manufacturing industry grows. In these countries, urbanization and increased disposable income are expected to have a favorable impact on the region's canned food packaging market. Along with continued innovation in packaging technology, the presence of strong packaging industry in these countries is also expected to drive growth in the region's target market. The markets in North America and Europe are expected to grow significantly as consumption of canned fruits and other canned goods increases due to limited contamination. Furthermore, as the preference for a healthy lifestyle increases, the consumption of canned milk and dairy products is expected to increase the growth of target markets in the region. The markets of Latin America and the Middle East of Asia are expected to show moderate growth in the global market for canned food packaging.

Key Players in the Global Canned Food Packaging Market

Major Key Players in the global canned food packaging market are Amcor Ltd, Ardagh Group, CPMC Holdings Ltd, Crown Holdings, Grief Incorporated, Silgan Holdings Inc, Rexam Plc, Toyo Seikan Kaisha Ltd, Ball Corp, Huber Packaging and Others.

DETAILED SEGMENTATION OF THE GLOBAL CANNED FOOD PACKAGING MARKET INCLUDED IN THIS REPORT

This research report on the global canned food packaging market has been segmented and sub-segmented based on type of can, material, application, distribution channel and region.

By Type of Can

• 3-Piece       
• 2-Piece       
• Open Top Sanitary Can

By Material

• Aluminium Packaging       
• Steel Packaging      
• Tinplate Packaging 
• Glass 
• Plastic

By Application

• Beverages
  • Alcoholic
  • CSD
  • Sports & Energy Drinks
• Foods
  • Fruits & Vegetables
  • Convenience Food
  • Pet Food
  • Meat & Seafood

By Distribution Channel

• Supermarkets and Hypermarkets
• Independent Retailers      
• Convenience Stores
• Specialist Retailers 

By Region

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa