The Canned Food Packaging Market is expected to grow USD 38 billion at a CAGR of around 4.8% during the current forecast period ( 2021-2028 )
The canned food packaging market is witnessing rapid growth with changes in the lifestyle of people. The global canned food packaging market share was valued at USD 26 billion in 2020. Canning helps in the long-term preservation of food products without affecting the nutritional quality of the produce.
Canning is a technique of storing and preserving food products by inactivating degrading enzymes through heat treatment and sealing the products in an airtight container. It is a cheap method of preserving food products for 1-5 years depending on the products. Canned foods are free of any microbial contamination and can also be used for storing ready-made meals which are leading to their wide popularity. The global canned food packaging market is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 4.8 % during the current forecast period ( 2021-2028 ).
Cans materials like metals and glass are completely recyclable which is the biggest advantage of using cans for food packaging. Moreover, the technological advancements in the canning technique are making it suitable for storing a wide range of food products including vegetables, fruits, and meat products. The global canned food packaging market is estimated to be worth USD 38 billion by the end of the current forecast period in 2028.
Covid-19 had a negative impact on the global canned food packaging market. The halt in activities of many food processing units during the period led to a decline in the demand for food packaging cans. The poor performance of the tourism and hospitality sector also impacted the market by decreasing the demand for canned products. Moreover, restrictions on travel and movement of goods to curb the virus spread ultimately caused disruptions in the supply chain. However, there was some respite to the canned food packaging industry through increasing sales of readymade food products in online grocery and shopping sites.
The major global companies playing a key role in the canned food packaging market are :
The rise in the demand for readymade canned foods and off-seasonal food products are the major factors driving the growth of the global canned food packaging market. Canning of food products is an economical method of preserving perishable products with less alteration in taste. Therefore, the developing horticulture and seafood processing industry is leading to the growth of the canned food packaging industry.
The changing consumer preferences of food products owing to the increase in the living standard of people are generating huge demand for canned foods. Hermetically sealed cans offer security against all types of microbial contamination making canned foods widely acceptable among people. Moreover, the recyclable nature of metal and glass cans strengthens its market position as the world is heading towards sustainability.
The high cost of can manufacturing materials like metal and the availability of cheaper alternatives is the major threat to the growth of the global canned food packaging market. Moreover, the canning is itself a tedious process requiring different steps and equipment. Furthermore, canning cannot maintain the freshness of products, and issues regarding the availability of BPA in canned products are leading to consumer dislike for canned products.
Canning is one of the most important food preservation technologies where food products are stored in evacuated airtight containers and then sterilized by heat. Canned food packaging material or cans are ideal containers for storing food products for a long time without affecting their quality. These are being used for ages to store and preserve food products to utilize during unfavorable conditions like wars. The canning process destroys harmful microbes present in the food and limits further growth by creating sterile conditions inside. Therefore, it is also an economical solution to protect against food loss, particularly fruits & vegetables during bumper harvests.
Cans are lightweight and durable containers for storing foods products and also ease in long-distance transportation due to their stackability. There has been considerable progress in canning technology as well as in the development of cans. Modern cans are highly corrosion resistant and offer good labeling scope leading to the growth of the global canned food packaging market.
The specific objectives of this market report on the canned food packaging market are given below:
Aluminum is the most popular material for making cans for food packaging. Aluminum cans are inexpensive, light in weight, and strong metal for food packaging. Moreover, they are non-reactive with most food products and acids and offer maximum protection against reaction with oxygen. Furthermore, their high stackability and recyclability have led to the wide adoption of aluminum cans for food packaging for ages.
Fish and seafood occupy the major market share. Canning of fish and seafood is an excellent method of preserving these perishable food items. It is a low-cost method of preserving sea products that can extend their life up to 5 years. However, with the spread of technology, canning of fruits and vegetables is also being done significantly.
The different regional markets for the global canned food packaging market are:
North America is the largest regional segment of the global canned food packaging market. The high demand for packaged food products especially ready-made meals accounts for most of the demand in this region. The high disposable income of people and their hectic lifestyle also add to the demand for canned products.
The Asia-pacific region is the fastest growing regional market segment. The increasing disposable income and change in lifestyle is the major factor influencing the market growth in this region. Moreover, the increasing presence of food processing industries in this region also accounts for a significant demand for canned food packaging materials.
The European region also accounts for a significant share in the global market. The high demand for recyclable and sustainable packaging materials makes can products a preferable choice in the market. The demand for beverages and canned horticultural products is very high in the Middle East region creating the demand for cans there. The market in Latin America and the African region is expected to grow at a moderate rate over the forecast period.
This report will be beneficial for every stakeholder of the canned food packaging market such as
This report from Market Research Future provides an in-depth analysis of the canned food packaging market in terms of current value and future forecast. This report also highlights the problems and prospects of the given market.
Moreover, the technological analysis section of the report will help in knowing the product and its market prospects. Furthermore, this report contains a detailed analysis of different market segments of the given market for the current forecast period. This report has also highlighted the key players and the current developments in the canned food packaging market.
|Market Size||2028 : USD 38 Billion|
|Forecast Period||2021 to 2028|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Type of Food Product|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Amcor Ltd. (Australia), Ardagh Group (Luxembourg), CPMC Holdings Ltd. (China), Crown Holdings (U.S.), Grief Incorporated (U.S.), Silgan Holdings Inc. (U.S.), Rexam Plc. (U.K.), Toyo Seikan Kaisha Ltd. (Japan), Ball Corporation (U.S.), and Huber Packaging (Germany)|
|Key Market Opportunities||
|Key Market Drivers||
The global canned food packaging market is expected to record a substantial market valuation by 2028.
The global Canned food packaging market is projected to register a moderate 4.8% CAGR in the forecast period.
The aluminum segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global Canned food packaging market are Grief Incorporated (U.S.), Amcor Ltd. (Australia), CPMC Holdings Ltd. (China), Ardagh Group (Luxembourg), Crown Holdings (U.S.), among others.