The Global Food Cans Market size is expected to reach over USS 33.7 bn by 2026 and market is estimated to expand at a CAGR of 4% during the forecast period 2020 to 2026.
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.
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 2026, 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.
The Food Cans market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Food Cans market for the base year 2019 and the forecast between 2020 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Food Cans market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Food Cans market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Food Cans market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Food Cans market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Food Cans market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Food Cans industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Food Cans market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Food Cans market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Food Cans market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Food Cans market. These factors have benefited the growth of the global market for Food Cans. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Food Cans. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
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.
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.
Food Cans Market by Capacity
Food Cans Market by Material
Food Cans Market by End Use
Food Cans Market by Product
Food Cans Market by Region
In this study, the years considered to estimate the market size of Food Cans are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: