Press release
Food Cans Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Food Cans Market
The Business Research Company offers in-depth market insights through Food Cans Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The food cans market size has grown steadily in recent years. It will grow from $63.56 billion in 2023 to $65.45 billion in 2024 at a compound annual growth rate (CAGR) of 3.0%. The growth in the historic period can be attributed to the increased demand for organic foods, food security initiatives, low-interest rates and increased pet ownership by gen z and gen y adults..
The food cans market size is expected to see steady growth in the next few years. It will grow to $73.85 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to increasing millennial population, continued technology development, growing awareness about nutritional benefits of canned food and rising penetration of organized retail. Major trends in the forecast period include using aluminum cans to protect the environment, focusing on bpa free cans as they eliminate risks associated with bpa products, investing in high pressure pasteurization equipment and invest in innovative products to provide better and enhanced products..
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Market Segmentation:
The food cans market covered in this report is segmented -
1) By Material: Aluminum Cans, Steel/Tin Cans
2) By Product: 2-Piece Cans, 3-Piece Cans
3) 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
Major Driver - Increasing Organized Retail Penetration Fuels Growth In The Food Cans Market
The increasing penetration of organized retail is expected to be a major driver of the food cans market. Increasing disposable incomes, changing consumer tastes and preferences, changing demographic profiles, and increasing investments are enhancing growth in the organized retail market. In addition, the growing internet penetration and more international retailers initiating operations in different countries and regions are also benefiting the organized retail sector, increasing the reach of various canned food products to consumers across the world. Additionally, in December 2021, according to the Indian Brand Equity Foundation, e-commerce turnover in India reached $50 billion in 2020 and evolved as the eighth-largest market for e-commerce across the globe, and it is predicted to reach $350 billion by 2030. The rising penetration of organized retail drives the market for food cans.
Competitive Landscape:
Major companies operating in the food cans market report are Crown Holdings, Inc, Ball Corporation, Ardagh Group S.A, Can-Pack S.A, Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd, CPMC Holdings Limited, Visy Industries, Tetra Laval International S.A., Essa Company, Irwin & Souza, Amor Limited, Carnevale Group, Italcomex Export Italian Food, Cantine Brusa Spa, Rieber Foods Polska Sa, Pietro Coricelli Spa, Agrigenus Coop. Agricola, Milko Hurtowe Centrum Nabialu, Zaklady Miesne Nowak Sp. Z O., Dripol Sp. Z O.O, Sulimar Sp. Z O.O, Petropat Sp Z Oo, Jn Pack Ltd, Sps Handel, Galabeks Ltd, Auguricom Serviz, Del Monte Foods, Metal Container Corporation, Mauser Packaging Solutions, White Solder Ltda, Sapin, Mn Gulf Group Fze, Greif South Africa (Pty) Ltd, Metcan Manufacturing Cc, Nampak Products Ltd, Peninsula Drums (Pty) Ltd
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Top Trend - Recyclable Aluminum Cans Take Center Stage In Shaping The Food Cans Market
Recyclable aluminum cans are shaping the food cans market. The companies operating in the food cans sector are increasingly focusing on recyclable aluminum cans to strengthen their position. 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food Cans Market Characteristics
3. Food Cans Market Trends And Strategies
4. Food Cans Market - Macro Economic Scenario
5. Food Cans Market Size And Growth
…..
27. Food Cans Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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