Food Can Market Report: An In-depth Analysis and Insights

Food Can Market size was valued at US$ 31.06 Bn. in 2022 and the total revenue is expected to grow at 6.1% through 2023 to 2029, reaching nearly US$ 47.02 Bn.

Food Can Market Report Scope and Research Methodology

Report Scope: Maximize Market Research Pvt Ltd, Pune, India, announces the release of its latest research report on the Food Can Market. This comprehensive report provides valuable insights into the market, covering market values, drivers, restraints, and regional insights, while also shedding light on the research methodology used to compile the data.

Research Methodology: Our research methodology is built on a foundation of rigorous data collection, analysis, and interpretation. We have conducted both primary and secondary research to ensure the accuracy and relevance of the information presented in this report.

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What are Food Can Market Dynamics?

The Food Can Market has witnessed significant growth driven by the high recycling rates of aluminum, increased awareness of health-conscious consumers, and a growing concern for the environment. Government initiatives to ban single-use plastics have further fueled the demand for food cans.

Food Can Market Segmentation:

From Material, This is brought on by aluminum's economics and high rate of recycling. A sustainable and ecologically friendly packaging solution for a variety of applications is being offered by the growing usage of metal packaging for food and beverage packaging. The aluminum cans can be kept in the fridge or oven for convenience. Food and beverage packaging can show changes in customer preferences. 49.2% of metal beverage cans were recycled, and 1.9 million tons of aluminum packaging for beer and soft drink cans were produced, according to the US Environmental Protection Agency (EPA). One of the key components for market expansion is metal packaging for the food industry's safety reputation.

The beverage segment dominates the global food can market by application. Due to the rise in popularity of sports drinks, energy drinks, non-soft drinks, and soft drinks, beverage cans are predicted to hold a significant market share by 2029. The market for beverage cans will expand as alcoholic beverage consumption rises. The metal can market will also be driven by shifting customer preferences for healthier beverages throughout the projected period.

As 3 piece cans, which generate lead contamination, were replaced by 2 piece cans, which are a more sustainable and environmentally friendly option, the 2 piece can segment has dominated the global market for food cans. Two-piece cans require a higher grade of metal that, when produced of aluminum, provides strength and lightness. Because of the superior material, they have a high rate of recycling. The fundamental reason why two piece cans currently dominate the worldwide food cans market is because the bottom and body of the can are manufactured from a single continuous sheet, providing a lightweight structure with exceptional durability.

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Who are Food Can Market Key Players?

1. Crown Holdings
2. Ball Corporation
3. Silgan Holdings Inc.
4. Ardagh Group
5. CAN-PACK S.A
6. Kian Joo Group
7. CPMC Holdings Limited
8. Heineken
9. Kraft Heinz Company
10. Suntory
11. Asahi Group
12. CHS Inc.
13. Coca-Cola European Partners
14. Bunge
15. Carlsberg.
16. Irwin Packaging Pty Ltd.
17. Independent Can
18. Huber Packaging Group
19. Toyo Seikan Group Holdings Ltd.
20. Sonoco Products

Table of Content: Food Can Market

Part 01: Executive Summary

Part 02: Scope of the Food Can Market Report

Part 03: Global Food Can Market Landscape

Part 04: Global Food Can Market Sizing

Part 05: Global Food Can Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

In 2022, North America dominated the global Food Can Market with a total of 118 billion units sold in the United States and Canada. Rising consumer awareness of environmental sustainability, coupled with high levels of packaged food and beverage consumption, drives this market. Additionally, domestic manufacturing benefits from increased R&D and technological advancements.

Asia-Pacific (APAC) accounts for 18% of the total Food Can market, with China leading the region in canning procurement and consumption. Busy lifestyles in APAC countries like Vietnam and Malaysia are driving growth in the processed and packaged food industry.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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