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Increasing Organized Retail Penetration Fuels Growth In The Food Cans Market: Pivotal Factor Influencing Food Cans Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Food Cans Market Size Growth Forecast: What to Expect by 2025?
The size of the food cans market has seen a slight rise in the past few years. The market, which was valued at $64.51 billion in 2024, is projected to reach $65.16 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 1.0%. Factors contributing to this growth over the historical period include a surge in demand for organic foods, initiatives for food security, lower interest rates, and a rise in pet ownership among Generation Z and Generation Y adults.
How Will the Food Cans Market Size Evolve and Grow by 2029?
Over the coming years, a consistent rise in the size of the food cans market is anticipated. It's projected to reach $73.66 billion by 2029, with a compound annual growth rate (CAGR) of 3.1%. This expected growth can be attributed to factors such as an expanding millennial population, ongoing advancements in technology, heightened awareness about the nutritional advantages of canned food, and an increase in the spread of organized retail. Key trends predicted for this period include the use of environmentally friendly aluminum cans, focusing on BPA-free cans due to health concerns related to BPA products, investing in advanced high-pressure pasteurization machinery, and putting resources into novel products to offer superior and improved options.
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What Drivers Are Propelling the Growth of Food Cans Market Forward?
The escalating presence of organized retail is predicted to significantly drive the food cans market. Aspects such as growing disposable income, evolving consumer preferences, demographic shifts, and heightening investments contribute to the expansion of the organized retail market. Additionally, the burgeoning internet usage and the advent of more international retailers in various countries and regions are positively impacting the organized retail sector, thus expanding the accessibility of an array of canned food products to consumers globally. For example, as per digitalcommerce360, a US-based retail and B2B ecommerce research and media, in 2023, the U.S. ecommerce accounted for 22.0% of the total retail sales, marking a slight increase from 21.2% in 2022. The total retail sales escalated to around $5.088 trillion in 2023, rising from approximately $4.904 trillion in 2022 (3.8%). The growing presence of organized retail is thus propelling the food cans market.
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What Are the Key Trends Driving Food Cans Market Growth?
The food cans industry is evolving with an increasing focus on recyclable aluminum cans. To consolidate their market position, companies in this sector are leaning more towards the use of these cans. Case in point, the Japan-based brewing and distilling company, Suntory Holdings Limited, introduced a 100% recycled aluminum can in September 2022. This new product contributes to reducing the environmental pollution and greenhouse gas emissions. The unique structural requirements of this inventive design help to maintain the quality of the wine from filling to transit and even during storage.
What Are the Key Segments in the Food Cans Market?
The food cans market covered in this report is segmented -
1) By Material: Aluminum Cans, Steel Or 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
Subsegments:
1) By Aluminum Cans: Standard Aluminum Food Cans, Easy-Open Aluminum Cans
2) By Steel Or Tin Cans: Tin-Plated Steel Cans, Enameled Steel Cans
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Who Are the Key Players Shaping the Food Cans Market's Competitive Landscape?
Major companies operating in the food cans market include 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, Jn Pack Ltd, Metal Container Corporation, Mauser Packaging Solutions, Greif South Africa (Pty) Ltd, Metcan Manufacturing Cc, Nampak Products Ltd, Mondi Plc, Sonoco Products Company, Allstate Can Corporation, Kian Joo Can Factory Berhad, Independent Can Company, Colep Portugal S.A., Jamestrong Packaging, Avon Crowncaps & Containers (Nig.) Plc, TinPak (Pvt) Ltd, Ton Yi Industrial.
What Geographic Markets Are Powering Growth in the Food Cans Market?
North America was the largest region in the food cans market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food cans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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