Food Cans Market Scope and Size by 2031
The Food Cans Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by material (aluminum and steel). The report further presents analysis based on application (pet food, snacks, fish and seafood, fruits and vegetables, ready-to-eat meals and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Food Cans Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Food Cans Market Segmentation
Material- Aluminum and Steel
- Pet Food
- Snacks
- Fish and Seafood
- Fruits and Vegetables
- Ready-to-Eat Meals and Others
Strategic Insights
Food Cans Market Growth Drivers- Rising Demand for Convenience and Canned Food: In the past few years, the demand for convenience food has increased. Ready to eat foods in cans have long life span, as a result they are the best solution for people with a busy life. The changing structures of families, such as the increasing number of single person households and their craving for fast food, has triggered the food cans market.
- Availability of Diverse Food Items in Canned Options: Because of the trend of easy to cook meals for busy people, canned food producers are extending their ranges of canned food and those include meal kit and gourmet. A health conscious population is creating an appetite for healthy natural food. The demand for canned foods has also been transformed to include organic, low-salt and no-preservative types which attract the health-conscious segment.
- Manufacturers Launching Biodegradable and Recyclable Cans for Food Packaging: The trends in the food cans market are sustained by the growing concern for the environment. Consumers are more aware of their environmental responsibility and therefore more favorable towards packaging that is recyclable and biodegradable. Aluminum and steel cans are considered to be recycled easily which gives them a competitive edge over other packaging types. Companies are going green by embracing waste containment strategies, incorporating post-consumer contents in their products to attract consumers.
- Introduction of Smart Packaing: Technology-enhanced food cans are improving the industry. Smart packaging which incorporates smart codes and sensors that show how fresh the product is or the nutritional value of the contents is on the rise. This technology is beneficial to the customers as it offers engaging and interactive features while also enabling the manufacturers to monitor the stock levels and the order sizes and hence control waste food appealing to the customers and the supermarkets.
- Inclination Towards High Pressure Processing and Retort Packaging: New preservation technologies like high pressure processing and retort packaging have made it possible to produce canned food that is both flavorful and nutritious without adding chemical preservatives. Innovations such as these address the plug of minimally processed food, which is a current trend, as well as help companies position their brands in the marketplace.
- Increasing Use of Automation and Robotics in Food Canning: There has been an increase in the level of use of automation and robotics in food canning technologies with the aim of enhancing the efficiency of operations and reducing the cost of production. Whereas automation improves the efficiency of the canning operations, quality of the canning operations is maintained, and the volume of the production can be adjusted to meet changes in market demand. This is especially important for businesses or manufacturers that wish to expand their production in response to increasing market demand without sacrificing quality and safety standards.
- Introduction of Gourmet Meals and Plant-Based Entrees in Canned Options: Manufacturers have room for improvement, especially with regard to adding plant based products as well as gourmet meals to their current lists of goods. As consumers begin to appreciate the many tastes and dietary habits available, food manufacturers which can provide interesting, unique and appealing varieties of canned food are able to enter new markets and build on their brand loyalty.
- Strategic Agreements with Leading Foodservice and Retail Chains: Food can manufacturers can also forge strategic alliances with other system members such as retail food chains, food service operators and technology providers. Partnering with wellness products, health-conscious businesses or even local farmers can broaden the scope of the firm's offerings and even provide a way of reaching out to consumers. This helps the brand increase the consumer base, and also helps in the cost of marketing and research and development activities.
- Investments in Sustainable and Eco-Friendly Packaging: Brands that put their funds into sustainability and approaches such as eco-friendly packaging may create a competitive edge in the market. This is inclusive of looking for alternative can linings that are either bio-degradable or compostable, as well as developing a sustainable model.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Food Cans Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Food Cans Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Food Cans Market is estimated to witness a CAGR of 4% from 2023 to 2031
Consumer shift towards convenience food is driving the market growth
Crown Holding Inc; Silgan Holding Inc; Mondi Group Plc; Sonoco Product Company; Ardagh Group S.A are some of the key players operating in the food cans market
Based on material, ready-to-eat meals segment is expected to witness the fastest growth during the forecast period
Based on geography, Europe held the significant share of the food cans market due to increasing demand for convenience food and major presence of food processing industry
Advancement in preservation techniques is expected to be the key market trends
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Food Cans Market - By Material
1.3.2 Food Cans Market - By End Use
1.3.3 Food Cans Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOOD CANS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FOOD CANS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FOOD CANS MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOD CANS - GLOBAL MARKET OVERVIEW
6.2. FOOD CANS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. FOOD CANS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. METAL
7.3.1. Overview
7.3.2. Metal Market Forecast and Analysis
7.4. TINPLATE
7.4.1. Overview
7.4.2. Tinplate Market Forecast and Analysis
7.5. PAPERBOARD
7.5.1. Overview
7.5.2. Paperboard Market Forecast and Analysis
7.6. PLASTIC
7.6.1. Overview
7.6.2. Plastic Market Forecast and Analysis
8. FOOD CANS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. MEAT
8.3.1. Overview
8.3.2. Meat Market Forecast and Analysis
8.4. POULTRY AND SEAFOOD
8.4.1. Overview
8.4.2. Poultry and Seafood Market Forecast and Analysis
8.5. PET FOOD
8.5.1. Overview
8.5.2. Pet Food Market Forecast and Analysis
8.6. BAKERY AND CONFECTIONARY
8.6.1. Overview
8.6.2. Bakery and Confectionary Market Forecast and Analysis
8.7. SAUCES
8.7.1. Overview
8.7.2. Sauces Market Forecast and Analysis
8.8. JAMS AND PICKLES
8.8.1. Overview
8.8.2. Jams and Pickles Market Forecast and Analysis
8.9. FRUITS AND VEGETABLES
8.9.1. Overview
8.9.2. Fruits and Vegetables Market Forecast and Analysis
8.10. TEA AND COFFEE
8.10.1. Overview
8.10.2. Tea and Coffee Market Forecast and Analysis
8.11. OTHERS
8.11.1. Overview
8.11.2. Others Market Forecast and Analysis
9. FOOD CANS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Food Cans Market Overview
9.1.2 North America Food Cans Market Forecasts and Analysis
9.1.3 North America Food Cans Market Forecasts and Analysis - By Material
9.1.4 North America Food Cans Market Forecasts and Analysis - By End Use
9.1.5 North America Food Cans Market Forecasts and Analysis - By Countries
9.1.5.1 United States Food Cans Market
9.1.5.1.1 United States Food Cans Market by Material
9.1.5.1.2 United States Food Cans Market by End Use
9.1.5.2 Canada Food Cans Market
9.1.5.2.1 Canada Food Cans Market by Material
9.1.5.2.2 Canada Food Cans Market by End Use
9.1.5.3 Mexico Food Cans Market
9.1.5.3.1 Mexico Food Cans Market by Material
9.1.5.3.2 Mexico Food Cans Market by End Use
9.2. EUROPE
9.2.1 Europe Food Cans Market Overview
9.2.2 Europe Food Cans Market Forecasts and Analysis
9.2.3 Europe Food Cans Market Forecasts and Analysis - By Material
9.2.4 Europe Food Cans Market Forecasts and Analysis - By End Use
9.2.5 Europe Food Cans Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Food Cans Market
9.2.5.1.1 Germany Food Cans Market by Material
9.2.5.1.2 Germany Food Cans Market by End Use
9.2.5.2 France Food Cans Market
9.2.5.2.1 France Food Cans Market by Material
9.2.5.2.2 France Food Cans Market by End Use
9.2.5.3 Italy Food Cans Market
9.2.5.3.1 Italy Food Cans Market by Material
9.2.5.3.2 Italy Food Cans Market by End Use
9.2.5.4 United Kingdom Food Cans Market
9.2.5.4.1 United Kingdom Food Cans Market by Material
9.2.5.4.2 United Kingdom Food Cans Market by End Use
9.2.5.5 Russia Food Cans Market
9.2.5.5.1 Russia Food Cans Market by Material
9.2.5.5.2 Russia Food Cans Market by End Use
9.2.5.6 Rest of Europe Food Cans Market
9.2.5.6.1 Rest of Europe Food Cans Market by Material
9.2.5.6.2 Rest of Europe Food Cans Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Food Cans Market Overview
9.3.2 Asia-Pacific Food Cans Market Forecasts and Analysis
9.3.3 Asia-Pacific Food Cans Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Food Cans Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Food Cans Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Food Cans Market
9.3.5.1.1 Australia Food Cans Market by Material
9.3.5.1.2 Australia Food Cans Market by End Use
9.3.5.2 China Food Cans Market
9.3.5.2.1 China Food Cans Market by Material
9.3.5.2.2 China Food Cans Market by End Use
9.3.5.3 India Food Cans Market
9.3.5.3.1 India Food Cans Market by Material
9.3.5.3.2 India Food Cans Market by End Use
9.3.5.4 Japan Food Cans Market
9.3.5.4.1 Japan Food Cans Market by Material
9.3.5.4.2 Japan Food Cans Market by End Use
9.3.5.5 South Korea Food Cans Market
9.3.5.5.1 South Korea Food Cans Market by Material
9.3.5.5.2 South Korea Food Cans Market by End Use
9.3.5.6 Rest of Asia-Pacific Food Cans Market
9.3.5.6.1 Rest of Asia-Pacific Food Cans Market by Material
9.3.5.6.2 Rest of Asia-Pacific Food Cans Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Food Cans Market Overview
9.4.2 Middle East and Africa Food Cans Market Forecasts and Analysis
9.4.3 Middle East and Africa Food Cans Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Food Cans Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Food Cans Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Food Cans Market
9.4.5.1.1 South Africa Food Cans Market by Material
9.4.5.1.2 South Africa Food Cans Market by End Use
9.4.5.2 Saudi Arabia Food Cans Market
9.4.5.2.1 Saudi Arabia Food Cans Market by Material
9.4.5.2.2 Saudi Arabia Food Cans Market by End Use
9.4.5.3 U.A.E Food Cans Market
9.4.5.3.1 U.A.E Food Cans Market by Material
9.4.5.3.2 U.A.E Food Cans Market by End Use
9.4.5.4 Rest of Middle East and Africa Food Cans Market
9.4.5.4.1 Rest of Middle East and Africa Food Cans Market by Material
9.4.5.4.2 Rest of Middle East and Africa Food Cans Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Food Cans Market Overview
9.5.2 South and Central America Food Cans Market Forecasts and Analysis
9.5.3 South and Central America Food Cans Market Forecasts and Analysis - By Material
9.5.4 South and Central America Food Cans Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Food Cans Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Food Cans Market
9.5.5.1.1 Brazil Food Cans Market by Material
9.5.5.1.2 Brazil Food Cans Market by End Use
9.5.5.2 Argentina Food Cans Market
9.5.5.2.1 Argentina Food Cans Market by Material
9.5.5.2.2 Argentina Food Cans Market by End Use
9.5.5.3 Rest of South and Central America Food Cans Market
9.5.5.3.1 Rest of South and Central America Food Cans Market by Material
9.5.5.3.2 Rest of South and Central America Food Cans Market by End Use
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FOOD CANS MARKET, KEY COMPANY PROFILES
11.1. CROWN HOLDING INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SILGAN HOLDING INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BALL CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. TOYO SEIKAN CO. LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SMURFIT KAPPA GROUP PLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MONDI GROUP PLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SONOCO PRODUCT COMPANY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ARDAGH GROUP S.A
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CPMC HOLDING LIMITED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. KINGCAN HOLDING LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Crown Holding Inc.
2. Silgan Holding Inc.
3. Ball Corporation
4. Toyo Seikan Co. Ltd
5. Smurfit Kappa Group Plc
6. Mondi Group Plc
7. Sonoco Product Company
8. Ardagh Group S.A
9. CPMC Holding Limited
10. Kingcan Holding Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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