The global metal food cans market is anticipated to witness robust growth, with a projected Compound Annual Growth Rate (CAGR) of 4.2%, reaching a valuation of US$ 34.5 billion by 2032, according to research conducted by Future Market Insights. The market is set to enjoy a valuation of US$ 22.9 billion in 2022, with significant contributions from top countries.
Elimination of Secondary Packaging Drives Sales:
Metal food cans are increasingly favored in the food industry due to their ability to eliminate the need for secondary packaging solutions. Unlike fragile containers, metal food cans can be transported and stored without additional packaging, offering robust protection against leakage, breakage, light, oxidation, and contamination. This not only enhances product safety but also aligns with sustainability goals by reducing packaging waste generated by secondary packaging solutions.
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Adoption of Smart Packaging Spurs Growth:
Manufacturers in the metal food cans market are embracing smart packaging solutions to enhance customer satisfaction and provide valuable product information. Innovations like Crownsecure, a code scanning system developed by leading player Crown Holdings, offer unique QR codes on cans, allowing consumers to access detailed product information and quality assurance. This trend towards smart packaging creates new growth opportunities by enhancing consumer engagement and brand transparency.
Germany and China Drive Market Expansion:
Germany is expected to contribute significantly to the European metal food cans market, holding around 22% market share by the end of 2022. Increased imports of canned foods in Germany, coupled with rising consumption of canned fruits and vegetables, are driving demand for metal food cans in the country.
China presents a substantial growth opportunity for the metal food cans market, with projections indicating a market value increase of 1.6 times during 2022-2032. The availability of raw materials such as aluminum and steel, supported by China’s dominance in aluminum production, is fueling market expansion in the region.
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Metal Food Cans Market- Regional Outlook
Geographically, the metal food cans market can be segmented into North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The growth of the global metal food cans market is expected to witness a steady CAGR over the forecast period of 2016-2024. North America is expected to witness a slow growth of metal food cans market as North Americans are inclined towards convenience.
, the region has potential for growth in terms of the pet food market. Moreover, the emerging economies such as China and India is expected to heavily contribute to the growth of global metal food cans market. Therefore, the Asia-Pacific region is expected to gain highest market value share in the global metal food cans market.
Metal Food Cans Market- Major Players
Some of the major players identified across the globe in the metal food cans market are Silgan Containers LLC, Crown Holdings, Inc., BALL CORPORATION, Allstate Can Corporation, Visy Industries, Jamestrong Packaging, Avon Crowncaps & Containers (Nig.) Plc, Perennial Packaging Group Pty Ltd, Kian Joo Can Factory Bhd, and TinPak (Pvt) Ltd.
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (EU5 Countries, Nordic countries, BENELUX, Poland, Russia, Rest of Europe)
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- MEA (GCC Countries, S. Africa, N. Africa)
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