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Food Cans Global Market 2023 - Industry Analysis, Future Trends, Segmentation And Key Players
Food Cans Market
The Business Research Company's Food Cans Global Market Report 2023 identifies increase in the penetration of organized retail as the major driver for the Food Cans market's growth in the forecast period. Increased disposable incomes, shifting consumer preferences and tastes, shifting demographic profiles, and increased expenditures are all contributing to the organized retail sector's growth. Vendors rely on the organized retail sector to distribute and sell their products, and large organized retailers carry vast volumes of canned foods and beverages in their stores.
The global food cans market size will grow from $28.07 billion in 2022 to $30.33 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the food cans is expected to grow to $40.76 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the Food Cans market are Crown Holding Inc., Ardagh Group, Kian Joo Group, Silgan Holdings Inc., Can-Pack S.A., Envases del Plata, CPMC Holding Limited.
A key trend in the Food Cans market includes recyclable aluminum cans. For instance, in September 2022, Suntory Holdings Limited, a Japan-based brewing and distilling company, launched a 100% recycled aluminum can. This product helps reduce greenhouse gas emissions and environmental pollution. The body of this innovative design has unique requirements to preserve the wine's quality throughout filling, transit, and storage.
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https://www.thebusinessresearchcompany.com/report/food-cans-global-market-report
The Food Cans market is segmented -
• By Material: Aluminum Cans, Steel/Tin Cans
• By Product: 2-Piece Cans, 3-Piece Cans
• By End Use: Meat, Poultry And Seafood, Pet Food, Bakery And Confectionery, Sauces, Jams And Pickles, Fruits And Vegetables, Tea And Coffee, Other End-Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Food Cans market.
The Business Research Company's "Global Food Cans Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Food Cans Market Include:
1. Food Cans Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……………………………
20. Food Cans Market Competitive Landscape And Company Profiles
21. Key Mergers And Acquisitions In The Food Cans Market
22. Food Cans Market Opportunities And Strategies
23. Food Cans Market, Conclusions And Recommendations
24. Appendix
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