The food cans market provides convenient and protective packaging solutions for various food products such as seafood, meat, fruits & vegetables, pet food, confectionery, and others. Food cans help extend product shelf life by blocking light, oxygen, and moisture. They are made from sustainable materials like steel or aluminum. The growing demand for convenient and easy-to-consumer packaged food is driving the adoption of canned products across many regions.

Global food cans market is estimated to be valued at US$ 25.4 Billion in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024-2031.


Key Takeaways

Key players operating in the food cans market include Ardagh Group, Ball Corporation, CAN-PACK S.A., Crown Holdings, and Silgan Holdings, Sonoco Products Company. These players are focusing on enhancing production capacity and capabilities to meet the rising demand.



The demand for canned food is growing significantly owing to changing lifestyles, busy schedules, and need for convenient packaged food options. Canned products offer advantages like long shelf life without refrigeration which makes them ideal for outdoor activities and picnic purposes. The Middle East and Asia Pacific regions especially are witnessing high consumption of canned food over the recent years.



Canned food companies are investing heavily in research and development of innovative packaging solutions. Popular technologies include bi-component cans for enhanced barrier protection and UV-cured scratch-resistant varnish coatings on can exteriors. Some manufacturers are also adopting metal detection equipment for enhanced food safety and quality assurance during production.



Market Trends



Sustainable Packaging - Major brands are focusing on use of sustainable steel and aluminum for cans that are 100% recyclable. They aim to increase recycled content usage to reduce environmental impact.



Premiumization of Products - With growing health-consciousness, companies are launching canned products with better ingredients and less preservatives. Increased demand for specialty and premium canned seafood and meat will drive market revenues.



Growing E-commerce Sales - More people are buying groceries online resulting in higher adoption of convenient packaged foods through e-commerce platforms. Canned products are well-suited for online grocery distribution channels.



Market Opportunities



Rising global canned pet food market - Pet humanization trend to lead to high demand for premium wet and dry canned pet foods especially in developed markets.



Canned cocktails and ready-to-drink beverages - Innovations in alcoholic canned drinks will gather popularity in developed regions driving additional growth avenues.



Impact of COVID-19 on Food Cans Market Growth



The outbreak of COVID-19 significantly impacted the growth of food cans market globally. During initial phases of pandemic in 2020, supply chain disruptions were witnessed due to nationwide lockdowns imposed by various countries. This affected the availability of raw materials for can manufacturers. Moreover, restrictions on logistics and transportation led to reduced exports of canned food products from major producing nations. However, with rising health concerns and growing preference for shelf-stable packaged food, the demand for canned foods saw substantial surge as consumers started stockpiling essential products. This provided impetus to the sales of food cans market during the pandemic.



Gradually, as lockdowns eased in 2021, the manufacturers resumed operations with enhanced safety protocols. The supply chain disruptions also smoothened out as cross-border trades normalized. However, increased raw material costs affected the profit margins of can manufacturers in the post-COVID scenario. Further, widespread inflation has led consumers to opt for cheaper food alternatives, thereby moderately impacting the demand growth. To tackle these challenges, companies in food cans market are focusing on developing lightweight and cost-effective can designs. They are also expanding their production capacities in high demand regions through strategic collaborations.



Geographical Concentration of Food Cans Market

In terms of value, North America holds the major share of over 30% in the global food cans market, followed by Europe. This is attributed to robust demand for canned food from household consumers as well as food processing and foodservice industry in countries like United States and Canada. Asia Pacific is emerging as the fastest growing regional market due to increasing consumption of packaged food amid rising disposable incomes in developing nations such as India and China. Latin America and Middle East & Africa also contribute significantly to the global sales of food cans, driven by growing preference for convenient food formats.



Fastest Growing Region in Food Cans Market

Asia Pacific region is poised to experience highest CAGR in the food cans market during the forecast period from 2024 to 2031. This is attributed to rapid urbanization, rising health awareness, increasing working women population and expanding organized retail sector in the region. Further, rising foreign direct investments in food processing industry has augmented the demand for canned food products. Countries like India, Indonesia, Vietnam and Philippines offer immense growth opportunities due to strengthening economic conditions, improving living standards and surging trend of nuclear families. Changing lifestyles and hectic schedules have led to higher demand for shelf-stable packaged food options in Asia Pacific.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

*Note:

1. Source: Coherent Market Insights, Public sources, Desk research

2. We have leveraged AI tools to mine information and compile it