Canned Food Packaging Market

Canned Food Packaging Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Canned Food Packaging Market grew at a CAGR of 4.1% between 2017-2021 and is estimated to be US$ 23,415.9Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.6% and is expected to reach a valuation of US$ 36,713.7Mn by 2032 end.

Food that has been processed or canned provides an excellent supply of nutrients, shields the food from the elements, and is hygienic. The most popular canned food is packaged in metal because it is simple to use, transport, and eat.

Because aluminum packaging is growing in popularity because it provides better security and defense against outside elements like heat and pollution, due to the region’s large consumption of canned food, North America is considered a very lucrative market for the packaging of tinned food.

Market Dynamic

GROWING AVAILABILITY OF CANNED GOODS IN ONLINE STORES TO PROMOTE GROWTH

In the foreseeable future, the canned food packaging market is anticipated to grow quickly. This is because more canned foods are available in internet shops and supermarket hypermarkets. The nutritional value, hygienic food preparation, and recyclable and reuse can qualities are other factors contributing to the rise in demand for canned food packaging worldwide.

The availability of ready-to-eat, ready-to-cook, ready-to-serve, and ready-to-heat food options, as well as an increase in the demand for packaged or processed food, are all predicted to drive the expansion of the global canned food packaging market.

AVAILABILITY OF LOW-COST ALTERNATIVES TO HINDER MARKET GROWTH

The market for canned food packaging includes a wide range of end uses. However, there are a lot of obstacles to market expansion. Other low-cost options, such as various packaging techniques, may hamper the development of the market for the packaging of canned foods. Manufacturing companies for canned food packaging are concentrating on creating inventive and imaginative items due to the complexity of rules and regulations.

Furthermore, the growth of the canned food packaging market in the upcoming year may be constrained by a lack of raw materials and a disturbed supply chain. The introduction of polyethylene terephthalate, high-density polyethylene materials, and the high price of metals could restrain market expansion.

PACKAGING INNOVATION IN THE FOOD INDUSTRY TO FAVOR GROWTH

Rising packaging technologies offer a chance for market expansion. The packaging is essential for maintaining food quality and ensuring food safety for the shelf life. Plastic packaging is excellent for developing creative product solutions. Plastic cling film is one of the many types of plastic packaging that is still used today. The market is shaped by the trend toward environmentally friendly packaging and cutting-edge advances in cling film packaging.

Market Segments Covered in Report

By Type of Food:

• Canned Fish and Seafood
• Canned Vegetables
• Canned Meat Products
• Canned Fruits
• Canned Ready Meals
• Milk and Sauces
• Beans and Legumes
• Other Canned Food Products

By Distributional Channel:

• Canned Food Packaging for Supermarkets and Hypermarkets
• Canned Food Packaging for Independent Retailers
• Canned Food Packaging for Convenience Stores
• Canned Food Packaging for Specialist Retailers
• Canned Food Packaging for Other Distribution Channels

By Raw Material:

• Aluminum Canned Food Packaging
• Steel Canned Food Packaging
• Tinplate Canned Food Packaging
• Glass Canned Food Packaging
• Plastic Canned Food Packaging

By Types of Cans:

• 3-piece Welded Food Packaging Cans
• 2-piece Food Packaging Cans
• D&I Food Packaging Cans
• DRD Food Packaging Cans
• Drawn Wall-Ironed Food Packaging Cans
• Single Drawn Food Packaging Cans
• Open Top Sanitary Food Packaging Cans

By Preservation Technique:

• Pressurized Food Packaging Cans
• Vacuum Food Packaging Cans

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which is the leading raw material segment in the global canned food packaging market?

The most popular material for creating food cans is probably aluminum. Aluminum cans make for affordable, dependable, and lightweight food packaging. They offer the greatest protection against oxygen reactions and are non-reactive, with most foodstuffs and acids.

Aluminum cans have also been used extensively for food packing for millennia due to their great stackability and recyclable nature. As a result, aluminum is anticipated to account for 30% of the market for canned food packaging, recording a CAGR of 4.5% during the assessment period.

Which is the highly preferred type of food global canned food packaging market?

Fish and seafood make up the majority of the market. These perishable commodities can be kept for a long time by canning fish and seafood. It is a cheap technique for keeping seafood goods fresh for up to 5 years. But as technology has developed, more and more fruits and vegetables are being canned.

Consumer knowledge of the nutritional advantages of fish and seafood, the convenience of consumption, and the long shelf life it provides, has led to a steady rise in the market for canned fish and seafood. The fitness-conscious populace, especially athletes, highly demands canned fish products (such as salmon).

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• Due to the high consumption of canned food in the area, North America held the largest market share (32.1%) for removed food packaging, and this trend is expected to last during the projection period. The region’s middle-class households’ rising disposable incomes encourage more convenient and healthful lifestyles, which is anticipated to drive the market for canned food packaging.
• The market for the packaging of canned foods worldwide is expanding at the quickest rate in Asia-Pacific, particularly for tinned meat, fish, and fruits. Countries like Japan, Korea, and China import a lot of crab meat in cans.

Competition Analysis

Major businesses are eager to expand operations and explore new areas in a highly competitive sector. These businesses are also involved in product creation to preserve a competitive edge.

The key developments in the Global Canned Food Packaging Market:

• In July 2020, to create a 100% recyclable thermoforming film for their meat and sausage products, Mondi collaborated with the Austrian meat producer Hütthaler. The film is a barrier to safeguarding the food and increasing shelf life. It is composed of a mono-material solution that can be recycled.
• In October 2019, a partnership between Constantia Flexibles and Sappi for the creation of paper-based packaging materials was announced. The business teamed up with Sappi, driving innovation for sustainable packaging, to boost collaboration across the value chain.

A list of some of the key suppliers present in the market are:

• Ball Corporation
• Del Monte Foods, Inc.
• Crown Holdings
• Amcor Limited
• Anchor Glass Container Corporation
• Siligan Containers
• Ardagh Group
• Greif Incorporated
• Toyo Seiken
• Huber Packaging

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.