Canned Food Packaging Market Outlook (2023 to 2033)

The canned food packaging market is anticipated to flourish at an average CAGR of 4.8% between 2023 and 2033. The market is expected to hold a market share of USD 46.70 billion by 2033, while the market is likely to reach a value of USD 29.22 billion in 2023.

Attributes Details
Canned Food Packaging Market CAGR (2023 to 2033) 4.8%
Canned Food Packaging Market Size (2023) USD 29.22 billion
Canned Food Packaging Market Size (2033) USD 46.70 billion

Canned or processed food is an excellent source of nutrients, it preserves the food from external elements, and it is sanitary. Applications of metal packaging in the food industry are rising because because it is easy to use, transport, and consume.

Aluminum packaging is becoming more popular because it offers greater security and protection against external factors such as heat and pollution. North America is regarded as a highly profitable market for canned food packaging, owing to the region's high consumption of canned food.

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Canned Food Packaging Demand Analysis (2018 to 2022) vs. Market Outlook (2023 to 2033)

The global demand for canned food packaging is projected to increase at a CAGR of 4.8% during the forecast period, reaching a total of USD 46.70 billion by 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 3.3%.

The rise in demand for ready-made canned foods and off-seasonal food products are the key factors driving the growth of the global canned food packaging market.

Canning food products are cost-effective for preserving perishable goods with minimal flavor change. As a result, the growing horticulture and seafood processing industries are fuelling the growth of the canned food packaging industry.

Canning foods are in high demand due to changing consumer preferences for food products as people's living standards rise. Because hermetically sealed cans protect against all types of microbial contamination, people widely accept canned foods. Furthermore, as the world moves toward sustainability, the recyclable nature of metal and glass cans strengthens its market position.

The high cost of manufacturing materials such as metal and the availability of cheaper alternatives is the key threat to the growth of the global canned food packaging market. Furthermore, canning is a time-consuming process that necessitates numerous steps and equipment. Moreover, canning cannot maintain product freshness, and concerns about the presence of BPA in canned products are leading to consumer dissatisfaction with canned products.

Which are Some Prominent Drivers of Canned Food Packaging Market?

Growing Availability of Canned Goods in Online Stores to Promote Growth

The canned food packaging industry is poised to increase rapidly in the near future. This is due to the growing availability of canned goods in online stores and supermarket hypermarkets. Furthermore, the recyclable and reusable properties of the cans, nutritional value, and hygienic food process are all reasons for the global increase in demand for canned food packaging.

Due to an increase in the demand for packaged or processed food, as well as the availability of various convenient food options such as ready-to-eat, ready-to-cook, ready-to-serve, and ready-to-heat, all of these factors are expected to propel the growth of the global canned food packaging market.

Furthermore, the constantly changing lifestyle, increase in disposable income, decreasing prices of packaged or canned food items making them affordable for use, and easy availability of canned food with a variety of taste preferences and choices have all influenced the growth of the global canned food packaging market.

Innovations in packaging design and simulation technology are resulting in new techniques for packing canned food, which is likely to increase market demand over the forecasting years

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What are the Challenges Faced by the Canned Food Packaging Market?

Availability of low-cost alternatives to Hinder Market Growth

Despite the fact that the canned food packaging market has numerous end-uses, there are multiple barriers to market growth. Other low-cost alternatives, such as other packaging solutions, may impede the growth of the canned food packaging market.

With increasingly complex rules and regulations, canned food packaging manufacturers focus on developing creative and innovative products.

Furthermore, a lack of raw materials and a disrupted supply chain may limit the growth of the canned food packaging market in the coming year. The high cost of metals and the introduction of polyethylene terephthalate and high-density polyethylene materials may limit market growth.

Country-wise Insights

What is the North America Canned Food Packaging in Market Outlook?

High Consumption of Canned Food Creating Opportunities for Canned Food Packaging manufacturers

North America was the leading market for canned food packaging, and this trend is projected to continue during the forecast period due to the region's high consumption of canned food. The increase in disposable incomes of the region's middle-class households leads to more convenient and healthier lifestyles, which is predicted to boost the canned food packaging market.

With the rapid development of the food industry, North America is expected to be the next dominant region, with high adoption rates for canned food packaging during the forecast period. As of 2022, the region accumulated a market share of 29%.

Why is Asia Pacific Showcasing Lucrative Growth in the Canned Food Packaging Market?

Asia Pacific is the Region with the Fastest Growth

The Asia-Pacific region is the fast-growing region in the global canned food packaging market, particularly canned meat, fish/seafood, and fruits. Canned crab meat is heavily imported by countries such as Japan, Korea, and China.

Pasteurized crab meat, for example, is one of the most popular canned seafood products in Asia-Pacific, following canned fish such as tuna. Furthermore, food manufacturers in countries such as India have begun to produce the most popular local foods, such as poha, upma, and so on, in ready-to-eat cans.

Many local vegetarian food products, including sterilized pav bhaji, curried parata, and dal, are now available in ready-to-eat cans that have been certified by many local and international food safety boards, including the Food Safety and Standards Authority of India (FSSAI), Brand Reputation through Compliance (BRC), and The Agricultural and Processed Food Products Export Development Authority (APEDA).

Asia Pacific held a 25% canned food packaging market share in 2022.

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Categorical Analysis

Category By Food Type
Leading Segment Fish and Seafood
Market Share (2022) NA
Category By Raw Material Type
Leading Segment Aluminum
Market Share (2022) 30%

Which is the Highly Preferred Type of Food Global Canned Food Packaging Market?

Increasing Demand for Canned Fish and Seafood

The majority of the market is dominated by fish and seafood. Canning fish and seafood is an excellent way to preserve these perishable foods. It is a low-cost method of preserving sea products that can last up to 5 years. However, with the advancement of technology, the canning of fruits and vegetables has increased significantly.

The demand for canned fish and seafood has steadily increased as a result of consumer awareness of the nutritional benefits of fish and seafood, as well as the convenience of consumption and the long shelf life it possesses. Canned fish products (such as canned salmon) are in high demand among the fitness-conscious demographic, particularly athletes.

Canned seafood, such as salmon, is high in iron, high-quality protein, omega-3 fatty acids, and vitamin B-12, making it popular among the aforementioned demographic. The prospect of greater growth in seafood e-commerce is also driving its expansion.

Popularity of online grocery is rising as it provides convenience and improves the purchasing experience significantly. Thus, by type of food, canned fish and seafood are expected to hold a key market share for the canned food packaging market in the sales indicator period 2023 to 2033.

Which is the Leading Raw Material Segment in the Global Canned Food Packaging Market?

Aluminum to Have Highest Demand in the Sector

Aluminum is perhaps the most commonly used material for making food cans. Aluminum cans are a low-cost, lightweight, and durable metal for food packaging. Furthermore, they are non-reactive to most food products and acids and provide maximum protection against oxygen reactions.

Furthermore, for centuries, aluminum cans have been widely used for food packaging due to their high stackability and recyclability. Thus, aluminum held a 30% market share for the canned food packaging market by raw material in 2022, registering a CAGR of 4.5% over the assessment period.

Start-ups for Canned Food Packaging Market

Some start-up companies in the canned food packaging market include Around, LaFabrica Craft, Tinplate Company of India Limited (TCIL), Ajanta Bottle Pvt. Ltd., PAXLANDER, HATA Bevtech, and Cirqle.

  • Cirqle announced its partnership with Plastic Change in April 2021. The organization assisted in the design of meal-kit boxes to make them as sustainable as possible. With a vision of a more reused future everywhere.

Competitive Landscape

Ball Corporation, Del Monte Foods, Inc., Crown Holdings, Amcor Limited, Anchor Glass Container Corporation, and Siligan Containers are key players in the global canned food packaging market.

Because of several leading participants, the market is extremely competitive. While global players such as Ball Corporation, Del Monte Foods, Inc., and Crown Holdings control a sizable market share, several regional players are active in key growth regions, particularly Asia Pacific.

For Instance:

  • In June 2022, Ball Corporation was expected to expand its operations in South America, landing in Peru with a new manufacturing plant in Chilca in response to the growing global demand for aluminum cans. The operation may begin in 2023 and have a capacity of more than 1 billion beverage cans per year.
  • In September 2021, Amcor Rigid Packaging (ARP) created a more responsible bottle for one of the country's most popular ingredients - cooking oil. It is the country's first cooking oil bottle made entirely of recycled materials.
  • Huber Packaging has introduced a long range of metal cans named Canister. The range is made of tinplate and carries a variety of chemicals such as wood preservatives, thinner, and even edible oils, and other food items.

Key Players

  • Ball Corporation
  • Del Monte Foods, Inc.
  • Crown Holdings
  • Amcor Limited
  • Anchor Glass Container Corporation
  • Siligan Containers
  • Ardagh Group
  • Greif Incorporated
  • Toyo Seiken
  • Huber Packaging

Key Segments Covered

By Type of Food:

  • Canned Fish and Seafood
  • Canned Vegetables
  • Canned Meat Products
  • Canned Fruits
  • Canned Ready Meals
  • Milk and Sauces
  • Beans and Legumes
  • Other Canned Food Products

By Distribution Channel:

  • Supermarkets and Hypermarkets
  • Independent Retailers
  • Convenience Stores
  • Specialist Retailers
  • Other Distribution Channels

By Raw Material:

  • Aluminium
  • Steel
  • Tinplate
  • Glass
  • Plastic

By Types of Can:

  • 3-piece Welded
  • 2-piece
  • D&I
  • DRD
  • Drawn Wall-Ironed
  • Single Drawn
  • Open Top Sanitary

By Preservation Technique:

  • Pressurized Food Packaging Cans
  • Vacuum Food Packaging Cans

Key Regions Covered:

  • North America
    • United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • Middle East and Africa (MEA)

Frequently Asked Questions

What was the Global Market size reported by FMI for 2022?

The market held a value of USD 27.88 billion in 2022.

What is the Canned Food Packaging Market estimated to reach in 2023?

The market holds a value of USD 29.22 billion in 2023.

What is the Market Valuation expected for 2033?

The market is anticipated to hold a share of USD 46.70 billion by 2033.

What is the projected CAGR for the Market from 2023 to 2033?

The market is expected to have a CAGR of 4.8% by 2033.

What Segments Lead the Market by Material Type?

The aluminum segment leads the market, as it held a market share of 30% in 2022.

Table of Content
	1. Executive Summary
	2. Market Overview
	3. Market Background
	4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
	5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type of Food
		5.1. Canned Fish and Seafood
		5.2. Canned Vegetables
		5.3. Canned Meat Products
		5.4. Canned Fruits
		5.5. Canned Ready Meals
		5.6. Milk and Sauces
		5.7. Beans and Legumes
		5.8. Other Canned Food Products
	6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
		6.1. Supermarkets and Hypermarkets
		6.2. Independent Retailers
		6.3. Convenience Stores
		6.4. Specialist Retailers
		6.5. Other Distribution Channels
	7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Raw Material
		7.1. Aluminium
		7.2. Steel
		7.3. Tinplate
		7.4. Glass
		7.5. Plastic
	8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Types of Can
		8.1. 3-piece Welded
		8.2. 2-piece Food
		8.3. D&I Food
		8.4. DRD Food
		8.5. Drawn Wall-Ironed
		8.6. Single Drawn
		8.7. Open Top Sanitary
	9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Preservation Technique
		9.1. Pressurized
		9.2. Vacuum
	10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
		10.1. North America
		10.2. Latin America
		10.3. Western Europe
		10.4. Eastern Europe
		10.5. South Asia and Pacific
		10.6. East Asia
		10.7. Middle East and Africa
	11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	18. Key Countries Market Analysis
	19. Market Structure Analysis
	20. Competition Analysis
		20.1. Ball Corporation
		20.2. Del Monte Foods, Inc.
		20.3. Crown Holdings
		20.4. Amcor Limited
		20.5. Anchor Glass Container Corporation
		20.6. Siligan Containers
		20.7. Ardagh Group
		20.8. Greif Incorporated
		20.9. Toyo Seiken
		20.10. Huber Packaging
	21. Assumptions & Acronyms Used
	22. Research Methodology
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