The global canned food packaging market is set to experience significant growth, projected to expand at an average compound annual growth rate (CAGR) of 4.8% between 2023 and 2033. The market, valued at USD 29.22 billion in 2023, is anticipated to reach USD 46.70 billion by 2033. This growth is driven by increasing consumer demand for convenient, nutritious, and long-lasting food options.
Canned and processed foods are recognized for their ability to retain nutrients, protect food from external contaminants, and offer enhanced shelf life, making them a reliable choice for consumers. Metal packaging, particularly aluminum, is becoming increasingly favored in the food industry due to its durability, security, and ability to safeguard contents against external elements like heat, moisture, and pollution.
North America has consistently maintained its position as the leading market for canned food packaging, and this trend is expected to persist throughout the forecast period. The region’s enduring prominence in the canned food packaging market can be attributed to its substantial consumption of canned food products. As middle-class households in North America experience an increase in disposable incomes, there is a noticeable shift toward more convenient and health-conscious lifestyles. This socioeconomic change is anticipated to further bolster the canned food packaging market.
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The rapid growth of the food industry in North America is set to cement the region’s status as the next dominant player in this sector. With a strong emphasis on convenience, quality, and innovation, North America is likely to exhibit high adoption rates for canned food packaging in the coming years. As of 2022, the region had already garnered a significant market share of 29%, underscoring its pivotal role in shaping the future of the canned food packaging industry.
- The restoration of the food and beverages sector and the higher online shopping scenarios are expected to flourish the market growth. Furthermore, a wide range of applications, including pharmaceutical and packaged ready-to-eat processed food items, are pushing companies to launch these products.
- Advanced metal packaging for beverages (alcoholic and non-alcoholic) consumes a large chunk of the market. Higher promotional activities, interesting designs, and different trends also influence the end user companies to update their canned packaging frequently.
- Alternative materials such as different grades of plastic and other biodegradable materials are getting popular among the brands as they support their idea of sustainable packaging. Alongside this, new distribution channels such as hypermarkets, online delivery, and independent retailers also showcase different types of packaging styles.
- New can-making machines with higher production and limited error in design are enriching the supply chain, producing durable cans of different sizes and designs. The restoration of the travel and tourism sector has also pushed people to carry ready-to-eat meals, positively affecting the market.
Key Points
- The United States market leads the North American canned food packaging market in market share. The United States held a healthy market share in 2022. The factors attributed to the growth are the rising popularity of canned beverages among youngsters, the launch of organic and natural consumables packed in cans, and the rising tourism industry. The North American region held a market share of 29% in 2022.
- The German canned food packaging market held a healthy market share in 2022. The market growth is caused by the higher tourist footfall, authentic and local German food products transforming their packaging style, and several social events like music concerts. The European region held a market share of 36% in 2022.
- The Indian market thrives at a steady CAGR between 2023 and 2033. The growth is attributed to the higher consumption of packaged items and increasing sales of international food items with canned packaging. The Asia Pacific region held a market share of 25% in 2022.
- Based on the type of food, the canned seafood and fish segment leads the market.
- Based on material type, the aluminum segment leads the market with the leading market share.
Competitive Landscape
The key suppliers focus on better design, size, materials, and packaging. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Key Players
- Ball Corporation
- Del Monte Foods, Inc.
- Crown Holdings
- Amcor Limited
- Anchor Glass Container Corporation
- Siligan Containers
- Ardagh Group
- Greif Incorporated
- Toyo Seiken
- Huber Packaging
Recent Market Developments
- Amcor Limited has introduced three types of material for its canned packaging offerings: AmFiber (Paper Based), AmFoil (Aluminum Based), and Plastic Based.
- Sign Containers has introduced its sustainable program for can manufacturing with metal recyclers. The brand offers 100% recyclable cans with efficient operations.
Some Prominent Drivers of Canned Food Packaging Market
- Consumer Convenience : Canned food offers consumers a convenient and long-lasting option for various products. Busy lifestyles and the need for easy meal preparation make canned foods a popular choice, thus driving the demand for suitable packaging.
- Food Safety and Shelf Life : Canning is an effective method for preserving food, ensuring its safety and extending its shelf life. Consumers and manufacturers alike value the reliable protection against spoilage and contamination offered by canned food packaging.
- Globalization and Urbanization : As more people move to urban areas and the world becomes increasingly interconnected, the demand for convenient, easily transportable, and non-perishable foods has risen. Canned food packaging meets these needs effectively.
- Sustainability : Eco-friendly packaging options are gaining traction. Many manufacturers are now using sustainable materials and practices in their canned food packaging, appealing to environmentally conscious consumers.
- Innovation in Packaging : Ongoing innovations in packaging technology, such as easy-open lids, microwaveable cans, and resealable options, enhance the appeal of canned foods and drive market growth.
- Health and Nutrition : Canned food manufacturers are responding to consumer demand for healthier options by offering products with reduced sodium, preservatives, and BPA-free packaging.
- Emergency Preparedness : Canned foods are considered essential for emergency preparedness kits, further boosting their demand, especially during times of uncertainty.
- Economic Factors : The affordability of canned foods, in comparison to fresh or frozen alternatives, is a key driver, especially in regions with lower income levels.
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Key Segments Covered
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 Distribution Channel:
- Supermarkets and Hypermarkets
- Independent Retailers
- Convenience Stores
- Specialist Retailers
- Other Distribution Channels
By Raw Material:
- Aluminium
- Steel
- Tinplate
- Glass
- Plastic
By Types of Can:
- 3-piece Welded
- 2-piece
- D&I
- DRD
- Drawn Wall-Ironed
- Single Drawn
- Open Top Sanitary
By Preservation Technique:
- Pressurized Food Packaging Cans
- Vacuum Food Packaging Cans
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