Global Food Cans Market, By Material (Aluminum Cans, Steel/Tin Cans), Application (Ready Meals, Powder Products, Fish and Seafood, Fruits and Vegetables, Processed Food, Pet Food, Other Applications), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Food Cans Market
The food cans market is expected to witness market growth at a rate of approximately 6.5% in the forecast period of 2021 to 2028, and will reach the value of USD 18,204.95 million by 2028. Data Bridge Market Research report on food cans market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization globally is escalating the growth of food cans market.
Food cans refer to the type of cans that serve the storage purposes for dry food products, such as beans, pet food, frozen food, fruits and vegetables, among others. These cans are leakage, tamper-proof and also, maintain the nutritional value of the product. These food cans are used by consumers, especially for dry and granular food products.
The rise in demand for organic foods across the globe acts as one of the major factors driving the growth of food cans market. The increase in use of food cans for packaging due to its ease of disposal, recycling advantages, and increased shelf life, and surge in convenience factors spurring innovations in can manufacturing accelerate the market growth. The increase in food security initiatives of various governments promoting the food and beverage industry, and rise in awareness among consumers regarding non-carcinogenic packaging further influence the market. Additionally, rapid urbanization, rise inclination of food manufacturers towards sustainable packaging products, expansion of food and sector and surge in health consciousness positively affect the food cans market in the forecast period of 2021-2028.
- On the other hand, fluctuation in the prices of raw materials and inclination towards alternative packaging options are expected to obstruct the market growth. The concern regarding pollution and high usage of plastic for packaging due to lower cost are projected to challenge the food cans market in the forecast period of 2021-2028.
This food cans market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on food cans market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Cans Market Scope and Market Size
The food cans market is segmented on the basis of material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the food cans market is segmented into aluminum cans and steel/tin cans.
- On the basis of application, the food cans market is segmented into ready meals, powder products, fish and seafood, fruits and vegetables, processed food, pet food and other applications.
Food Cans Market Country Level Analysis
The food cans market is analyzed and market size, volume information is provided by country, material and application as referenced above.
The countries covered in the global food cans market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the food cans market due to the growing consumer awareness toward environmental sustainability within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the increase in demand from high-quality metal packaging in the region.
The country section of the food cans market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Cans Market Share Analysis
The food cans market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food cans market.
The major players covered in the food cans market report are BALL CORPORATION, Tecnocap S.p.A., CPMC Holdings Limited, Amcor plc, Shengxing Group, Toyo Seikan Co., Ltd., Crown, Exal Corporation, Silgan Containers, SKS Bottle & Packaging, Inc., Vetropack, Ardagh Group S.A.,Kian Joo Can Factory Berhad, COFCO,HUBER Packaging Group GmbH,CCL Container, universal can Corporation, Independent Can Company, Visy, LAGEEN FOOD PACKAGING, P. Wilkinson Containers Ltd., BWAY Corporation, Gerresheimer AG, Kaira Can Company Limited., Berlin Packaging, and Silgan Containers, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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