Canned Food Packaging Market Volume Analysis

Market Segmentation, Regional Outlook, Drivers and Trends and Key Players

The market for the canned food packaging is driven by the recyclable and reusable properties of the cans, nutritional value and hygienic food process. Due to growth in the busy schedules and hectic lifestyle, increase in the demand for the packaged or processed food, and availability of various convenient food option such as ready to eat, ready to cook, ready to serve and ready to heat, all are the factors that are expected to propel the growth of global canned food packaging market.

Increasing urbanization, rising household income and growing demand for the milk-based products such as cheese, and ice-cream are expected to increase the demand of canned food packaging during the forecast period. Moreover, the macroeconomic factors favoring the global canned food packaging market consist of changing lifestyle, growth in the disposable income, decreasing prices of the packaged or canned food items  making them affordable for the use, and also easy availability of canned food with various taste preferences and choices are projected to gain traction in the forecast period 2027-2027.

Food is an integral part of the life, and thus the behavioral aspect of the consumers towards food changes drastically. Food is a preferred item depending on the various external aspects such as color, taste, presentation and hygiene. Thus packaging plays the vital role to fulfill the needs of the customers. To attract the customers various packaging companies innovate and design different types of packaging.

Metal cans are one of the types of food packaging which facilitate the distribution and storage of the food. Canned food or processed food is a good source of nutrients and protect the food from external conditions and provide hygienic canned food. The most traditional form of the canned food is metal packaging. It is popularly used the type of packaging as it is convenient to use, easy to transport and safe to consume. The canned food thus is available in various sizes, shapes, and styles.

However, major restraining factors affecting the global canned food packaging market are an availability of alternative packaging solutions, the high cost of metals, an introduction of polyethylene terephthalate and high-density polyethylene materials. The presence of chemical named BPA used to avoid reaction of food with the inner surface of the metal is subject to concern about the health of the users. Moreover, lack of microwavable capability and cost effectiveness of alternative materials affects the growth of canned food packaging market. Changing customer preference is a dynamic problem faced by the processed food manufacturers as it is unpredictable and thus constant innovation has to be made to attract them.

Regionally, the global canned food packaging market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and the Middle East and Africa. North America and Europe owing to high consumption of canned food and presence of a large number of food industries dominate the market at the global level. Asia Pacific due to growing number of interested investors investing in the development of industries and increase in production and consumption capacity in these regions are expected to gain traction in the forecast period.

The prominent players in the canned food packaging market are Ball Corporation, Del Monte Foods, Inc., Crown Holdings, Amcor Limited, Anchor Glass Container Corporation, and Siligan containers.

Canned Food Packaging Segmentation By Type Of Food – Canned fish and seafood, Canned vegetables, Canned meat products, Canned fruits, Canned ready meals, Milk and sauces, Beans and legumes, Others; By Distribution Channel – Supermarkets and hypermarkets, Independent retailers, Convenience stores, Specialist retailers, Others; By Raw Material – Aluminum packaging, Steel packaging, Tinplate packaging, Glass, Plastic; By Type Of Can – 3-piece welded food cans, 2-piece food cans

By the type of food, the canned food packaging market is expected to be driven by the canned fish and meat segment due to increasing consumption of fish and meat products in recent years. The canned ready meals are also gaining traction due to urbanizations, changing taste preferences of the customers, and popularity in the working women. By the raw materials used for the cans, the aluminum metal gains traction due to a provision of safety and protection from the external factors such as heat, pollution. Based on different types of cans, there are three types of cans used for the food packaging. The 3-piece, 2-piece cans and open top sanitary cans. Based on the preservation techniques used to preserve the food in the cans, the global canned food packaging market is segmented into pressurized and vacuum cans to increase the shelf life of the food and to maintain its color and taste.

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Ankush

Ankush Nikam is a seasoned digital marketing professional, having worked for numerous online firms in his distinguished career. He believes in continuous learning, considering that the digital marketing sector’s rapidly evolving nature. Ankush is an avid music listener and loves to travel.