The global metal food cans market, valued at USD 26.5 billion in 2024, is projected to reach USD 38.4 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.8%. This growth is driven by stricter food safety regulations, increasing consumer preference for convenience, and advancements in canning technologies that enhance shelf life and reduce food waste.
Convenience Driving Market Growth
The busy lifestyles of modern consumers have fueled demand for canned food, making it a staple in countries like India and Brazil. With the global proliferation of online delivery platforms, canned foods have gained even wider acceptance due to their:
- Ease of use and storage.
- Time-saving benefits: Canned foods require minimal preparation and can serve as semi-processed raw materials.
Urban millennials, in particular, are embracing canned food as a quick, reliable, and nutritious option, optimizing their cooking routines without compromising quality.
Innovations in Metal Food Cans
Despite competition from flexible pouches, cartons, and other packaging formats, manufacturers of metal food cans are employing innovations to maintain their market position:
- Enhanced Barrier Coatings: Superior coatings provide better protection against contamination, ensuring the freshness and nutritional integrity of packaged foods.
- Convenience Features: Easy-open ends and innovative designs improve user experience.
- Product Differentiation: Unique shapes and decorative finishes enhance visual appeal, boosting product attractiveness on shelves.
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.
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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