Market Research Future published a research report on “Global Canned Food Packaging Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
One of the most common methods for preserving foods today is to enclose them in a sterile container. ‘Cans’ refers to the specific container, which is made up of glass, plastic, or some other material as well as a metal. The basic principle behind canning is that a food is sterilized usually by heating and then placed within an air-tight container. This type of packaging can retard product deterioration, retain the beneficial effects of processing, extend shelf-life, and maintain or increase the quality and safety of food. In doing so, packaging provides protection from major classes of external influences, which are chemical, biological, and physical and plays an important role in the global food market. However, availability of alternative packaging solutions, high cost of metal cans, introduction, and high density of polyethylene terephthalate are major restraining factors of the global canned food packaging market
The global canned food packaging market is segmented on the basis of material (metal, steel, aluminum, others), type of food product (readymade meals, meat, seafood) and by geography (North America, Europe, Asia-Pacific, RoW). MRFR analysts observed that the Asia Pacific market, especially in China, is the fastest-growing segment, even though the market is led by North America and Europe, currently. Rising household income, increasing urbanization, and growing demand for the milk-based products such as cheese and ice-cream are also driving the global market. Canned food packaging market is expected to grow at a CAGR of more than 4.01%.
The global market for global Canned Food packaging market is expected to grow at ~4.01% CAGR.
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Metal cans are popularly used for 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. Changing customer preference is a problem faced by the food manufacturers as it is unpredictable and thus constant innovation has to be made to attract them. The increasing use of metal cans for the personal care products as they protect the contents from leakage and extend the life of the products as compared to plastic cans, increasing demand for the metal cans drives the canned food packaging market. While offering the advantages of a long shelf-life and low prices, canned packaging suffers from a poor consumer perception of its healthiness and taste quality. Assuming that cans are available, they are usually considerably more expensive than other types of packaging materials. Moreover, the impact of packaging waste on the environment can be minimized by prudently selecting materials by following the guidelines, and reviewing expectations of packaging in terms of environmental impact.
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We recognized some of the key players in the global canned food packaging market are Amcor Ltd. (Australia), Ardagh Group (Luxembourg), CPMC Holdings Ltd. (China), Crown Holdings (U.S.), Grief Incorporated (U.S.), Silgan Holdings Inc. (U.S.), Rexam Plc. (U.K.), Toyo Seikan Kaisha Ltd. (Japan), Ball Corporation (U.S.), and Huber Packaging (Germany).
This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global Canned Food Packaging market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
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Scope of the report
This study provides an overview of the global Canned Food Packaging market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Canned Food Packaging market by its material, type of food product and region.
By Material
- Steel
- Aluminum
- Others
Type of Food Product
- Readymade Meals
- Meat
- Sea Food
By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
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