Future Market Insights’ research reveals that in the anticipated timeframe, the worldwide metal food cans market is poised to achieve a market worth of US$ 22.9 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.2%, ultimately reaching US$ 34.5 billion by 2032.
A positive growth trajectory is forecasted for the metal food cans market during the projected period, with FMI’s latest estimate suggesting an uptick in sales from 2022 to 2032. The market is poised to generate an absolute incremental growth opportunity of US$ 12.6 billion, according to the latest forecast by FMI.
In Germany, it is anticipated that by the end of 2022, the country will hold approximately 22% of the European metal food cans market. The surge in imported canned foods is a significant driver behind the growing demand for metal food cans in Germany. According to the Centre for the Promotion of Imports from Developing Countries (CBI) under the Ministry of Foreign Affairs, European trade contributes to about 75% of the overall canned fruits and vegetable imports. In 2019, Germany imported canned fruits and vegetables worth around US$ 2.4 million. The rising consumption of canned food in Germany is expected to bolster the sales of metal food cans in the country.
China presents a substantial growth opportunity for the metal food cans market, with a projected growth 1.6 times the current market value from 2022 to 2032. The availability of raw materials, particularly aluminum and steel, is gaining momentum among metal food can manufacturers in China. According to data from the International Aluminium Institute (IAI), China accounted for approximately 58% of the total global aluminum production in 2021. This surge in production is poised to create a significant growth avenue for the metal food cans market in China.
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Benefits of Metal Food Cans
Metal Food Cans Market, Positive Sentiment: Enriching the Culinary Experience
- Long Shelf Life: Metal food cans excel at preserving the freshness of their contents. The airtight seal prevents exposure to external elements, extending the shelf life of food items.
- Protection from Contaminants: These cans act as robust barriers, safeguarding food from contaminants, bacteria, and moisture, ensuring that consumers enjoy safe and healthy products.
- Heat Resistance: Metal cans can withstand high temperatures, making them suitable for both hot and cold foods. This versatility adds to their appeal, accommodating a wide range of culinary creations.
- Sustainability: The Metal Food Cans Market aligns with eco-consciousness. Metal cans are highly recyclable, contributing to the reduction of waste and promoting a circular economy.
- Convenience: Metal cans are easy to store, stack, and transport. Their lightweight design and durable structure simplify distribution, benefiting both manufacturers and consumers.
The Major Key Players Are:
- Silgan Containers LLC
- Crown Holdings, Inc.
- BALL CORPORATION
- Toyo Seikan Co. Ltd.
- Sonoco Products Company
- Ardagh Group S.A.
- CPMC Holding Limited
- Allstate Can Corporation
- Visy Industries
- Jamestrong Packaging
- Avon Crowncaps & Containers (Nig.) Plc
- Kian Joo Can Factory Bhd
- TinPak (Pvt) Ltd
- Ton yi industrial
Innovations in Metal Food Cans
Metal Food Cans Market, Number in Title: 5 Innovations Revolutionizing the Industry
- Advanced Coatings: Cutting-edge interior coatings prevent interactions between the metal and the food, ensuring taste integrity and enhancing safety.
- Easy-Open Features: Innovations like pull-tabs and peel-off lids eliminate the need for can openers, enhancing user convenience.
- Enhanced Designs: Metal cans now sport intricate designs, labels, and branding, making them more visually appealing and marketable.
- Microwavable Options: Some metal cans are now designed for microwave use, allowing for quick and convenient meal preparation.
- Smart Packaging: Integration of QR codes and RFID technology enables consumers to access product information, recipes, and nutritional details.
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Metal Food Cans Market by Category
By Material
- Steel Food Cans
- Tin Food Cans
- Aluminum Food Cans
By Product Type
- 2-Piece Can
- 3-Piece Can
By Capacity
- Up to 5oz
- 6oz – 10oz
- 11oz – 15oz
- Above 15oz
By Application
- Meat, Poultry & Seafood
- Pet Food
- Bakery & Confectionary
- Sauces, Jams & Pickles
- Fruits & Vegetables
- Tea & Coffee
- Others (Oils, etc.)
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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