Europe Canned Food Packaging Market

Europe Canned Food Packaging Market Growth and Forecast (2023 - 2028):

The Europe Canned Food Packaging Market was worth US$ XX billion in 2022, and it is estimated to grow at US$ XX billion by the end of 2028 at an increasing CAGR of XX% during 2023 - 2028.

Europe Canned Food Packaging Market Scenario:

Food is treated as an important part of life, so the way customers follow up on food changes dramatically. According to several external qualities such as color, flavor, presentation, and hygiene, food is the favored item. As a result, the packaging is critical in meeting client needs. To entice buyers, several package companies are producing enticing designs. Metal jars are a type of food bundling that makes dispersing and storing food a breeze. Canned or processed foods can provide adequate nutrition while protecting foods from harmful external factors such as the weather. Metal butter canning is the most common type of canning. It's popular since it's simple to use, transport, and consume. Canned food is offered in a wide range of sizes, shapes, and designs worldwide.

Recent Developments in Europe Canned Food Packaging Industry:

• The world's first recyclable flexible retort pouch was revealed today by Amcor, a worldwide packaging company. Years of ongoing research and investment have culminated in a technological breakthrough that many thought was unachievable.
• On April 8th, 2021, Crown Holdings disclosed that it would sell 80% of its European Tinplate Business to KPS Capital Partners.

Europe Canned Food Packaging Market Drivers:

The Europe canned food packaging market is expected to rise in response to changes in the global food and beverage sector and rising demand from the cosmetics industry, and packaging advancements. Because of increased spare cash and shifting client preferences, bundling has experienced a lot of growth recently. Cans are one of the most extensively used packaging materials, and their popularity has grown in recent years in emerging economies. Growth in the soft drink end-use sectors was also fueled by advancements in packaging technologies that helped supply metal cans with greater functionality and storage. In both alcoholic and non-alcoholic beverages, cans are commonly utilized. Product diversification and the utilization of green products and processes, on the other hand, can create huge market growth prospects. Market participants will benefit from a focus on strategic collaboration and significant growth areas. In addition, urbanization and rising disposable income have made the Asia Pacific the fastest expanding region on the planet. The industry is booming due to these cans' recyclable and reuse features and the nutritional content and sanitary process.

The availability of a variety of convenient meal options, such as busy hours and the expansion of an active lifestyle, increased demand for packaged or processed ready-to-eat foods, ready to cook, ready to serve, and ready to heat products, will fuel the growth of the worldwide canned food packaging market. Furthermore, urbanization is expected to rise, along with consumer spending incomes and demand for milk-based products like cheese and ice cream. Again, due to lifestyle changes, increased disposable incomes, and lowering packaged or canned food prices, macroeconomic aspects that benefit the Europe canned food packaging market are offered at affordable prices for use. In addition, the election is projected to gain momentum in the coming months. The exponential growth of the food and beverage industry creates a desire for easy packaging solutions, which is expected to drive the European, canned food packaging market forward. Some variables that are likely to boost growth in target markets include changes in lifestyle and increasing disposable income. In addition, the development of new diverse package styles enables great growth chances for canned food consumption. Moreover, emerging economies are trying to offer more opportunities for the food packaging business.

Restraints:

Alternative packaging solutions, introducing pricey metals, polyethylene terephthalate, and high-density polyethylene materials are significant variables affecting the Europe canned food packaging industry. Furthermore, metal cans cannot heat food in the microwave, which can reduce canned food consumption. Finally, the presence of BPA, a chemical used to keep food from reacting with the metal's inner surface, is a source of concern for users' health. Furthermore, the lack of microwave power and the profitability of alternative materials impact the market for canned food packaging. Processed food businesses have a dynamic dilemma, as changes in client preferences are unpredictable, necessitating ongoing innovation to keep them interested. However, in the worldwide canned food packaging industry, strict government limits on plastic materials for food packaging are projected to offset the danger of alternatives.

Europe Canned Food Packaging Market Segmentation Analysis:

By Type of Can:

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

Based on the can type, 2-piece cans are predicted to have the highest canned food packaging market share in the upcoming years. Because 2-piece cans don't contain side seams on the can body and no seam between the body and the bottom end, the can is tightly sealed while using fewer raw materials. As a result, they can be manufactured out of steel or aluminum.

By Material:

• Aluminum Packaging
• Steel Packaging
• Tinplate Packaging
• Glass
• Plastic

Based on material, aluminum packaging dominates the canned food packaging market during the forecast period. Aluminum is Lightweight; this property helps in reducing transportation costs. Aluminum is impermeable to air, light, and microbes and has a high barrier effect. This substance is a thermal conductor, which means it distributes heat evenly and quickly. Aluminum is malleable and can be molded into an infinite number of shapes. As a result, aluminum is helpful for various food-related applications due to its mix of advantages. For example, aluminum foil containers can also be used in the oven, grill, and refrigerator.

By Application:

Beverages

• Alcoholic
• CSD
• Sports & Energy Drinks

Foods

• Fruits & Vegetables
• Convenience Food
• Pet Food
• Meat & Seafood

Based on the Application, the foods segment is anticipated to propel the canned food packaging market forward. In the foods segment, meat & seafood tends to dominate the market. It is owing to the increasing consumption of protein-rich food by consumers and rising disposable incomes.

By Distribution channel:

• Supermarkets And Hypermarkets
• Independent Retailers
• Convenience Stores
• Specialist Retailers
• Others

The supermarkets/ hypermarkets were deemed the most dominating segment in the European Canned Food Packaging industry based on the distribution channel. Supermarket stores/ Hypermarket stores provide a wide range of meat snack options, marketing branded and private-label items. Furthermore, these stores implement numerous crucial promotional and marketing activities to produce more extensive revenue sales, such as discounts, customer loyalty programs, and seasonal specials.

Regional Analysis:

The Europe Canned Food Packaging Market Report includes the segmentation of countries:

• United Kingdom
• Spain
• Germany
• Italy
• France

Europe tends to have a significant canned food packaging market share due to the rise in response to changes in the global food and beverage sector, rising demand from the cosmetics industry, and packaging advancements. In addition, because of increased spare cash and shifting client preferences, bundling has recently experienced a lot of growth. As a result, Germany is anticipated to have the highest CAGR in the canned food packaging market.

Impact of COVID-19 on Europe Canned Food Packaging Market:

The Covid-19 pandemic has sparked consumer interest in fresh foods to boost immunity and disease resistance. This characteristic is expected to have an impact on canned packing food sales in the future. However, this will provide new opportunities for market players to produce innovative protein, mineral, and other nutrient-rich products.

Key Players listed in the Europe Canned Food Packaging Market:

The companies covered in the report:

• Amcor Ltd            
• Ardagh Group               
• CPMC Holdings Ltd         
• Crown Holdings              
• Grief Incorporated          
• Silgan Holdings Inc         
• Rexam Plc            
• Toyo Seikan Kaisha Ltd             
• Ball Corp              
• Huber Packaging