Food Metal Cans Market Analysis 2022-2029

The global food metal cans market is estimated to reach at a high CAGR during the forecast period 2022-2029.

Market Overview:

Food cans are the packages that serve storage purposes for many convenience foods which include frozen food, beans, fruits and vegetables, pet food, meat and others. Cans made of metals such as steel, tinplate and aluminum are widely used as packaging solutions owing to the high physical strength and food quality retention offered. Also, metal cans are considered as the most efficient packaging option, as food can be stored without the use of preservatives for a longer period of time by avoiding the growth of bacteria. Thus, canned foods can be just as nutritious as fresh and frozen foods because of their preserving feature. The demand for convenience food has had a significant impact on the market growth, which is expected to increase with the increasing traveling lifestyle of people.

Market Dynamics

Rising demand for packaged food is driving the market

The growing demand for packaged food and beverages is driving the growth of the food metal cans market. Due to the rising working population, there have been changes occurring in the consumer demand and production trends in terms of food such as mildly preserved, fresh, tasty, and convenient food products with enhanced shelf-life controlled quality. Thus, metal cans are expected to be the perfect packaging option for producers who appreciate sustainable packaging solutions as these are 100 percent recyclable. Moreover, with growing hygiene issues in people, the demand for canned food is likely to increase in the future.
However, there can be life-threatening hazards which can be cause due processed low-acid canned foods or acidified foods, thus, it has been mandated by FDA that it is important for all the companies that produce, process or package low-acid canned foods or acidified foods to register and regulations are imposed enforcement of the emergency permit. Thus, the low quality of cans can result in life threatening hazards and such regulations imposed by the food safety organizations can hinder the growth of the market. Moreover, pouches and plastic containers are an alternative solution that offer more flexibility, features, and value, and are expected to slow the global food metal cans market's growth.

Download Free Sample: https://www.datamintelligence.com/download-sample/food-metal-cans-market

Market Segmentation

Aluminum cans are the most common cans owing to their superior recyclability, light weight and other physical properties

Aluminum cans offer long term preservation of food from oxygen, sun, moisture and other pollutants. Aluminum is the most flexible packaging material in the world due to its ability to form any shape and its defensive properties against bacteria. Furthermore, aluminum foil, aluminum cans, and other aluminum packaging materials can be fully recycled and reused an infinite amount of times. In addition, cans made up of aluminum are corrosion resistant that is they do not rust and can provide any form of packaging with one of the longest shelf lives. According to studies, canned food based on aluminum are recorded to be exceptionally safe. Moreover, its tamper-resistant helps the producers to deliver the canned food safely to consumers. All these factors led to the huge demand for aluminum based cans in the food industry.

View Full Report: https://www.datamintelligence.com/research-report/food-metal-cans-market

Geographical Penetration:

North America dominates the global market owing to the high demand for canned and convenience food

North America evolved as the largest market for food metal cans accounting for nearly YY% of the global sales revenue in 2019. The United States being the major consumer of the metal cans makes North America the biggest shareholder of the global food metal cans market. According to Can Manufacturers Institute U.S, more than 130 billion cans are used by Americans every year which accounts for eight billion dollar industry. The United States, with 200 manufacturing plants in 38 states, holds the major share of the global food metal cans market. Also, food processing being one of the biggest industries in the United States, boosts the demand for food cans.

Competitive Landscape:

The global food metal cans market is highly fragmented with a large number of companies providing innovative solutions for easy packaging through food cans. However, few companies such as Ball Corporation, Crown Holdings, Inc., Silgan Holdings Inc. and Ardagh Group are leading in the global market with production facilities and distribution across the globe. CAN-PACK S.A, Kian Joo Group, CCL Industries, Toyo Seikan Group Holdings Ltd., CPMC Holdings Ltd. and Universal Can Corporation are some other key companies in the market

Recent Developments in the market

Crown Holdings in 2018 acquired Signode Industrial Group Holdings (Bermuda) Ltd., a leading global provider of transit packaging systems and solutions, from The Carlyle Group.
COVID-19 Impact: Pandemic had a positive impact on global food metal cans market

The covid-19 pandemic outbreak had a significant impact on the food industry. In an attempt to slow the spread of the virus, many countries have imposed temporary closures to non-essential stores, bars, and more. This led to the increased demand for consumer packaged goods, particularly in the U.S. and European countries. In protected packs and with minimal handling, the packaged food enters the customer. Packaged food also provides ease of detection, reducing the chance of spillage adulteration and wastage.

Trending Topics
Food Encapsulation Market - https://www.datamintelligence.com/research-report/food-encapsulation-market

Food Deaerators Market - https://www.datamintelligence.com/research-report/food-deaerators-market

Contact Us:

Sai Kiran
DataM Intelligence 4Market Research LLP
+1 877-441-4866
info@datamintelligence.com

About Us:

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

We monitor and analyse the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.

This release was published on openPR.