Food Cans Market Sees Growth Rate Of About 7% As Per The Business Research Company Analysis

The food cans market is expected to grow to over $27 Bn this year with the rising penetration of organized retail among other industry drivers.

LONDON, April 20, 2022 /PRNewswire/ -- The food cans market consists of sales of food cans by entities (organizations, sole traders, and partnerships) that manufacture cans or containers for the distribution and/or storage of food and beverage items. The food is processed and sealed in airtight containers with tops that can be lifted and the contents can be consumed. These cans are used to store a variety of fruit, vegetables, dairy, fish, meat, ready meals, pet food, infant milk powder, beverages and other food products.

The global food cans market size is expected to grow from $25.91 billion in 2021 to $27.67 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The global food can market size is expected to grow to $34.86 billion in 2026 at a CAGR of 5.9%.

Request a free sample of the Food Cans Market Report

Food & Beverage Metal Cans Market Segmentation

The food cans market is segmented by product into 2-piece food cans and 3-piece food cans. The 2-piece food cans market was the largest segment of the food cans market segmented by product, accounting for 80.3% of the total in 2021. Going forward, the 3-piece food cans market is expected to be the fastest growing segment in the food cans market segmented by product, at a CAGR of 3.2% during 2021-2026.                         

The metal food cans market is also segmented by material into aluminum cans and steel/tin cans, by end use into meat, poultry and seafood, pet food, bakery and confectionary, sauces, jams and pickles, fruits and vegetables, beverages and others.

Food Cans Market Drivers

The increasing penetration of organized retail is expected to be a major driver of the food cans market. Increasing disposable incomes, changing consumer tastes and preferences, changing demographic profiles, and increasing investments are enhancing growth in the organized retail market. In addition, the growing internet penetration and more international retailers initiating operations in different countries and regions are also benefiting the organized retail sector, increasing reach of various canned food products to consumers across the world.

Key Players And Their Strategies In The Food Cans Industry

The food cans market is concentrated with a small number of large players dominating the market. The top ten competitors in the market made up to 36.03% of the total market in 2020. Crown Holdings, Inc was the largest competitor with 11.01% of the market, followed by Ball Corporation, Ardagh Group S.A., CAN-PACK S.A., Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd, CPMC Holdings Limited, Visy Industries, Tetra Laval International S.A., and Kian Joo Can Factory Berhad.

See more on the Food Cans Market Report

Check out similar market reports:

Food Encapsulation Global Market Report 2022 – By Technology (Micro Encapsulation, Nano Encapsulation, Hybrid Technology, Macro Encapsulation), By Shell Material (Polysaccharides, Proteins, Lipids, Emulsifiers), By Core Phase (Minerals, Organic Acids, Vitamins, Enzymes, Probiotics, Additives, Essential Oils, Prebiotics), By Application (Dietary Supplements, Functional Food Products, Bakery Products, Confectionery, Beverages, Dairy Products) – Market Size, Trends, And Global Forecast 2022-2026

Food Containers Global Market Report 2022 – By Product (Bottles and Jars, Cans, Cups and Tubs, Boxes), By Material (Plastic, Metal, Glass), By Application (Meat Products, Dairy Products, Bakery Products, Fruits and Vegetables) – Market Size, Trends, And Global Forecast 2022-2026

Aseptic Packaging Global Market Report 2022 – By Type (Cartons, Bags And Pouches, Bottles And Cans, Ampoules, Other Types), By Material (Plastic, Paper And Paperboard, Metal, Glass, Wood), By Application (Food, Beverage, Pharmaceutical, Other Applications) – Market Size, Trends, And Global Forecast 2022-2026

Frozen, Canned and Dried Food Global Market Report 2022 – By Type (Frozen Food, Canned And Ambient Food), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels), By User (Food Service Industry, Retail Users) – Market Size, Trends, And Global Forecast 2022-2026

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

Contact Information

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/

SOURCE The Business Research Company

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED