Food Cans Market is Predicted to Value Worth US$ 33.7 Bn by 2027 End

Posted on
by

The prominent growth factor of the food cans market is the rise in the urban population. The urban population has a busy lifestyle. These individuals prefer easy and convenient food. This leads them to buy canned food. An increase in recycling rates and the rising awareness of the disadvantages associated with plastic packaging helps in multiplying the growth rate of the food cans market.

Transparency Market Research delivers key insights on the food cans market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019–2027. In terms of revenue, the global food cans market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, about which, TMR offers thorough insights and forecasts in this report.

The Food Can Appeal’ – Aesthetically Pleasing, Long-lasting, yet Cost-Effective 

Food cans offer a shelf life ranging from one to five years, which varies as per the sealing technique. Canned food is preferred by consumers as it is considered to be cost-effective and long-lasting. As such, it is even more popular among the millennial population. Due to prolonged shelf life, food cans aid in reducing waste caused by the spoilage of food. These factors have led to an increase the demand for food cans in the global market. Moreover, food cans also help in controlling portion sizes, and are easy to serve. The portion-control characteristic has particularly resulted in a sharp increase in pet food sales, as it helps in maintaining the correct diets for pets.

For More Info | Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=72594

food cans market infographic

Asia Pacific to Represent Significant Growth Potential for Regional Manufacturers

Geographically, Asia Pacific holds ~18% of the global food cans market, and is expected to expand 1.4X its current value by the end of the forecast period. In Asia Pacific, the food cans market is expected to create an incremental opportunity of ~US$ 2.4 Bn and projected to expand at a CAGR of ~5% over the forecast period. Furthermore, China leads the charts in the Asia Pacific region, in terms of both, production and consumption of canned food products. This can be attributed to the busy lifestyle of the millennial population who do not prefer investing time on elaborate recipes.

The ASEAN countries, such as Vietnam and Malaysia are emerging as key regions for the food cans market. The Asia Pacific market is expected to grow rapidly for food cans due to booming industry with a large population that is ready to spend on processed and packaged foods. The Asia food cans market can, therefore, be regarded as an extremely competitive market, and is projected to offer the food cans market with remunerative possibilities.

Europe & U.S. Cumulatively Account for ~60% of the Global Market

The United States accounts for a lion’s share in the North America market, and is anticipated to expand 1.4X its current value by the end of 2027. The demand for food cans has witnessed substantial growth in North America. It is anticipated that the enhanced shelf life of food cans will further bolster market growth. Affordability of food cans, coupled with changing lifestyles, is anticipated to be the key growth driver of the food cans in the region.

Europe holds ~one-fourth of the global food cans market share, and represents an incremental opportunity of ~US$ 2.5 Bn by 2027, despite being a mature market. Furthermore, the market in Poland is projected to expand at a CAGR of ~5% in term of value during the forecast period. In the food cans market, the meat, poultry & seafood segment is expected to lead the way because of increasing customer inclination towards protein-rich foods.

Food Cans Market: Competition Landscape

In the global market report for food cans, key players profiled are Crown Holding Inc., Silgan Holding Inc., Ball Corporation, Toyo Seikan Co. Ltd, Smurfit Kappa Group Plc, Mondi Group Plc, Sonoco Product Company, Ardagh Group S.A, CPMC Holding Limited, Kingcan Holding Limited, Allstate Can Corporation, Kian Joo Can Factory Berhad, Independent Can Company, Colep Portugal S.A, Nampak Ltd, HUBER Packaging Group, Visy Industries, CAN-PACK S.A., Jamestrong Packaging, and Aaron Packaging Inc.

Request For Covid19 Impact Analysis Across Industries And Markets – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=72594

Crown Holdings Inc., Ardagh Group S.A, Silgan Holding Inc., and Ball Corporation have been identified as the top players operating in the global food cans market. However, several other players are emerging as prominent regional players, such as Kian Joo Can Factory Berhad, Colep Portugal S.A, and others. While they might not directly compete with the global giants, they can affect regional pricing trends to a significant extent.

Global Food Cans Market: Structure

Food Cans Market by Capacity

  • Less than 100 gm
  • 100 gm – 300 gm
  • 300 gm – 500 gm
  • More than 500 gm

Food Cans Market by Material

  • Metal
    • Stainless Steel
    • Aluminium
    • Tinplate
  • Paperboard
  • Plastic

Food Cans Market by End Use

  • Meat, Poultry & Seafood
  • Pet Food
  • Bakery & Confectionary
  • Sauces, Jams & Pickles
  • Fruits & Vegetables
  • Tea & Coffee
  • Others

Food Cans Market by Product

  • 2-piece Cans
  • 3-piece Cans

Food Cans Market by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • BENELUX
    • Nordic
    • Russia
    • Poland
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Japan
    • Rest of APAC
  • Middle East & Africa
    • GCC Countries
    • Northern Africa
    • South Africa
    • Rest of Middle East & Africa

Media Contact
Company Name: Transparency Market Research
Contact Person: Mr. Rohit Bhisey
Email: Send Email
Phone: 5186181030
Address:90 State Street, Suite 700
City: Albany
State: New York
Country: United States
Website: https://www.transparencymarketresearch.com/