Press release
'The Food Can Appeal' – Aesthetically Pleasing, Long-lasting, yet Cost-Effective | Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
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.
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'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.
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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.
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.
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.
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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.
Key Questions Answered
What will be the food cans market size in 2027?
Which region will remain the most lucrative for the growth of the food cans market?
Which end-use industry is most preferred for food cans? What was its market size in 2018?
Who are the major customers of food cans?
What is the market share comparison between different sources in the food cans market?
What will be the growth rate of the food cans market in 2021?
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About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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