Canned Food Packaging Market Size
Canned Food Packaging Market was valued around USD 31 billion in 2023 and is anticipated to register a CAGR of over 5.2% between 2024 and 2032. Canned food packaging offers a range of benefits, including extended shelf life, preservation of nutritional value, and ease of transportation and storage.
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The market has seen innovations in packaging materials and designs to enhance product appeal and functionality. Sustainable packaging solutions, such as eco-friendly materials and reduced environmental impact, have gained prominence as consumers become more environmentally conscious. The industry has also embraced advancements in technology, incorporating features like easy-open lids, tamper-evident seals, and interactive QR codes for improved consumer engagement. Global trends in health and wellness, coupled with changing lifestyles, have fueled the demand for diverse canned food options, leading to a surge in product variety and packaging differentiation.
Canned Food Packaging Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2023 |
| Canned Food Packaging Market Size in 2023 |
USD 31 billion |
| Forecast Period |
2023 - 2032 |
| Forecast Period 2023 - 2032 CAGR |
5.2% |
| 2032 Value Projection |
USD 49 billion |
| Historical Data for |
2018 – 2023 |
| No. of Pages |
300 |
| Tables, Charts & Figures |
188 |
| Segments covered |
Product type, Packaging material, Can size |
| Growth Drivers |
- Increasing demand for convenient and ready-to-eat food products
- Expanding variety of canned food products and flavors
- Technological advancements in packaging materials and designs
|
| Pitfalls & Challenges |
- Competition from alternative packaging formats, such as pouches and Tetra Paks
- Fluctuations in raw material prices affecting production costs
|
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One significant challenge facing the canned food packaging market is the formidable competition from alternative packaging formats, particularly pouches and Tetra Paks. These alternatives have gained popularity among consumers seeking convenience, lightweight options, and eco-friendly packaging. Pouches offer flexibility and portability, making them particularly attractive for on-the-go consumption. Tetra Paks, on the other hand, are known for their lightweight yet durable nature, providing a balance between environmental considerations and product protection. The competition intensifies as these alternatives often boast innovative features such as easy resealing, pouring spouts, and enhanced visual appeal.
Canned Food Packaging Market Trends
In the world of canned food, there's a lot of buzz happening! Here's the scoopHealthy and Organic ChoicesPeople want their canned goods to be healthy, so companies are making more organic and nutritious options. Green Packaging Eco-friendly consumers are driving the demand for sustainable packaging. Companies are listening and coming up with ways to make their packaging less harmful to the environment. Informative LabelsPeople want to know what's in their food and where it comes from. Companies are responding by putting more info on their labels about where the ingredients come from, how the food was made, and what's in it. Health-Focused Packaging To win over health-conscious consumers, companies are putting nutritional info front and center on their packaging, showing off those vitamins and minerals. Smart Tech The industry is getting tech-savvy! Some companies are using QR codes and sensors on their packaging. These let you scan the food and get info about its freshness and how to store it. Not only is this cool for consumers, but it also helps the companies keep track of their products better.
Canned Food Packaging Market Analysis
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Based on product type, the market is divided into canned fruits, canned vegetables, canned meat and poultry, canned seafood, canned ready meals and other. Canned fruits held the dominant market share of USD 9.42 billion in 2023. Canned fruits, boasting a wide variety of options, hold a significant portion of the market share, driven by consumer demand for convenient and long-lasting fruit products. Canned vegetables follow closely, aligning with the growing trend of health-conscious consumers seeking ready-to-use and nutritious vegetable options.
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Based on material, the market is categorized into metal, plastic, glass and paper & paperboard. Metal packaging accounted for over 50% market share in 2023 and is projected to grow through 2032. Metal packaging, including both tin and aluminum, remains a dominant force, constituting a substantial portion of the market. The durability, longevity, and excellent preservation properties of metal make it a preferred choice for many canned food products, ensuring the integrity and safety of the contents.
The canned food packaging industry exhibits a segmentation based on can sizes, with small, medium, and large cans each playing a distinct role in the overall market share. Small cans, often ranging from 3 to 8 ounces, cater to the demand for single-serving portions and snack-sized products. This segment has witnessed a notable increase in market share due to the rising preference for on-the-go and portion-controlled consumption. The compact nature of small cans also aligns with changing lifestyles, where convenience is paramount.
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In 2023, North America was the king of the canned food packaging game, bringing in over $12.2 billion in sales. Why? North Americans are always rushing around and need quick and easy ways to feed themselves. So, canned foods have become their saving grace. Plus, veggies and fruits in cans are all the rage right now, as people want healthy options that they can grab and go. But here's the kickerfolks in North America are all about being green. They want their food packaging to be eco-friendly, so companies are using more materials that can be recycled or even break down naturally. It's a win-win for everyone!
Canned Food Packaging Market Share
The canned food packaging industry exhibits a moderate degree of concentration, with several key players vying for market share. While some companies dominate specific segments, the overall landscape is characterized by a diverse array of competitors. Key competitors such as Amcor Plc, Ardagh Group, Ball Corporation, Crown Holdings, and Sonoco dominate the landscape, contributing to a more consolidated market. These major players employ various competitive approaches, including strategic pricing, robust distribution networks, and innovative product offerings, creating a competitive edge.
Amcor Plc and Ball Corporation, in particular, have initiated significant efforts to expand their operations globally. Amcor Plc has been focusing on sustainable packaging solutions, aligning with the growing consumer demand for eco-friendly options. Ball Corporation, on the other hand, has been extending its reach into South America, with plans for a new manufacturing plant in Peru to meet the increasing demand for aluminum cans.
Canned Food Packaging Market Companies
Major players operating in the canned food packaging industry include
- AJ Packaging Limited
- Amcor Plc
- Ardagh Group
- Ball Corporation
- Colep Packaging
- Crown Holdings
- Del Monte Foods, Inc.
- Envaplaster
- Eviosys
- MC Packaging
- MyChau
- Siligan Containers
- Sonoco
Canned Food Packaging Industry News
- In June 2023, Eviosys, a leading global packaging provider, unveiled 'Ecopeel,' an innovative metal food can packaging solution that incorporates a peelable foil seal. This foil is directly affixed to the can's body, replacing the traditional ring-pull opening mechanism. Anticipated to reduce the overall carbon footprint per can by up to 20%, the peelable seal of the Ecopeel solution offers both ease of opening and a 45-degree sealing surface, requiring less force for can access.
- During June 2022, there were expectations that Ball Corporation would extend its presence in South America by establishing a new manufacturing plant in Chilca, Peru. This strategic move was prompted by the increasing worldwide demand for aluminum cans. The anticipated commencement of operations is set for 2023, with the facility projected to boast a production capacity exceeding 1 billion beverage cans annually.
- Huber Packaging has recently unveiled a comprehensive line of metal cans known as "Canister." Crafted from tinplate, this extensive range is designed to accommodate an array of chemicals, including wood preservatives and thinner, as well as consumables like edible oils and various food items.
The canned food packaging market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Thousand Units) from 2018 to 2032, for the following segments
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Market, By Product Type
- Canned Fruits
- Canned Vegetables
- Canned Meat and Poultry
- Canned Seafood
- Canned Ready Meals
- Other
Market, By Packaging Material
- Metal
- Plastic
- Glass
- Paper & paperboard
Market, By Can Size
- Small cans
- Medium cans
- Large cans
The above information is provided for the following regions and countries
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Indonesia
- Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
