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Latin America Canned Food Packaging Market By Type Of Can (3-piece, 2-piece, Open Top Sanitary Can), Material (Aluminium Packaging, Steel Packaging, Tinplate Packaging, Glass, Plastic), Application [Beverages (Alcoholic, CSD, Sports & Energy Drinks) And Food (Fruits & Vegetables, Convenience Food, Pet Food, Meat & Seafood)], Distribution Channel (Supermarkets And Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers, Others) And By Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2023 to 2028)

Published: March, 2023
ID: 3918
Pages: 135
Formats: report pdf report excel report power bi report ppt

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

Latin America Canned Food Packaging Market was worth USD xx million in 2022 and estimated to be growing at a CAGR of xx%, to reach USD xx million by 2028.

Market Overview:

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.

Drivers and Restraints:

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 Latin America 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 Latin America canned food packaging market.

Latin America Canned Food Packaging Market Segmentation Analysis:

The Latin America 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.

Region Analysis:

Geographically the Latin America Canned Food Packaging Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The huge rise in spending in the Food & Beverage division has increased the demand for Canned food packaging.

Key Players in the Market:

Major Key Players in the Latin America 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
  • Anchor Glass Container Corporation

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