Canned Food Packaging Market Size, Share, Opportunities, And Trends 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), And By Geography - Forecasts From 2023 To 2028

The canned food packaging market is expected to grow significantly over the forecast period.

This is because canned products are becoming more widely available in online retailers and supermarket hypermarkets. Moreover, the cans' recyclable and reusable qualities, nutritional value, and sanitary food procedures are all factors contributing to the global surge in demand for canned food packaging. The global canned food packaging market is predicted to rise due to an increase in demand for packaged or processed food, as well as the availability of numerous convenient meal alternatives such as ready-to-eat, ready-to-cook, ready-to-serve, and ready-to-heat. In addition, the ever-evolving lifestyle, rising disposable income, falling costs of packaged or canned food items, which make them more affordable for consumption, and the accessibility of canned food in a range of taste preferences and options have all contributed to the expansion of the worldwide canned food packaging market. New methods of packing canned food are being developed as a consequence of advancements in simulation and package design, which are expected to boost market demand during the projected period.

Introduction:

Canning is a method of storing and preserving food goods that involves inactivating degrading enzymes with heat and sealing the contents in an airtight container. It is a low-cost way of preserving food for 1-5 years, depending on the product. Canned foods are free of microbial contamination and may be used to store ready-made meals, which contributes to their widespread appeal. The fact that components such as metals and glass are recyclable is the most significant advantage of utilizing cans for food packaging. Furthermore, technical advances in the canning process are making it appropriate for keeping a diverse variety of food goods such as vegetables, fruits, and meat products. Canned food packaging is an inexpensive way to preserve perishable foods with little to no flavour alteration. As a result, the developing horticulture and seafood processing industries have a strong need for this packaging. Canned food is also convenient to consume and transport. Furthermore, simple access to and rising availability of canned items supports a growth environment for the canned food packaging industry during the projection period. Canned foods are becoming more popular owing to their nutritional value and sanitation. Furthermore, the canned food packaging market is driven by factors such as rapidly changing lifestyles, increased disposable income, inexpensive pricing of canned food items, and the availability of a diverse variety of options. Furthermore, the inclusion of technical advances in the packaging process has resulted in the development of new ways of packing canned food and is positively impacting the canned food packaging business.

Drivers:

• Canned food aids in increasing the shelf life, this is one of the major market proponents: Canned food packaging is extremely important in increasing the shelf life of food goods. Canning food packaging seals and preserves the nutritional value, flavour, and texture of the food for a prolonged period, decreasing food waste and assuring product safety.
• The rising health awareness among the population is fueling market growth: With increased knowledge about health and nutrition, people are looking for food products that are convenient without sacrificing quality. Canned food makers are reacting to this need by producing low-sodium, sugar-free, and preservative-free goods for health-conscious customers which is aiding in the market growth.
• Increasing disposable income of the general public is propelling growth: Consumer tastes have shifted as a result of rapid urbanization and increased disposable incomes. As more people move to cities and lead hectic lifestyles, the demand for packaged and easy food choices, such as tinned food, has skyrocketed.
• Recent technological advancements in packaging are helping the market grow: The advancement of innovative packaging materials and technologies has greatly aided the expansion of the canned food packaging business. Canned food items have become more convenient and appealing as a result of innovations such as easy-open lids, microwave-safe cans, and vacuum-sealed packaging.
• Busy lifestyle and evolving dietary choices is major market driver: Consumers' busy lifestyles and changing nutritional preferences have resulted in a growing desire for ready-to-eat meals. Canned foods are a practical alternative since they can be quickly kept, transported, and consumed without requiring substantial preparation.

Products offered by key companies:

• SLEEK, Ball Corporation:  Sleek beverages can have a clean, beautiful shape that draws attention to your drinks. Its shorter, slimmer build allows for lower contemporary serving sizes while maintaining a clean, premium appearance on the shelf. The Sleek can is available in 7.5-, 8-, and 12-oz. sizes and is compatible with most filling choices as well as a wide range of special effects.
• Slim, Ball Corporation: Slim cans are the most mini cans ever, available in 5.5 oz. and 8.4 oz. sizes. They're ideal for wines and hard drinks, and the elegant shape provides the ideal platform for a stylish marketing statement.
• Golden Sweet Whole Kernel Corn, Del Monte Foods, Inc: Plump entire kernels of crisp supersweet corn are selected and packaged at their height of freshness to ensure the richest, sweetest flavour. Del Monte® canned sweet corn has the delicious flavour of non-GMO corn.
• Blue Lake® Cut Green Beans, Del Monte Foods, Inc: Del Monte packages rich, sweet Blue Lake green beans fresh, within hours after harvesting, for superior flavor. Del Monte® canned green beans provide the flavour and nutrients you want in a deliciously simple package. Their canned green beans are made with only water and sea salt and are ready to be cooked as part of a dish or eaten on their own. They're an excellent addition to casseroles, side dishes, and other foods.

The prominent growth in the aluminium sector under the raw material segment

The aluminium material category is anticipated to expand significantly and grow at a healthy CAGR over the forecast period. This is because aluminium cans help to preserve food quality over time. Aluminium cans provide virtually complete protection from light, oxygen, moisture, and other pollutants. These cans cannot rust and are corrosion-resistant, giving them one of the longest shelf lives of any package. Furthermore, these cans have several advantages, such as stiffness, stability, and excellent barrier qualities. They are used to store commodities that have a longer shelf life and can be transported across greater distances. Aluminum has key features, such as being softer and lighter, which allows producers to save money on logistics. Aluminium cans are gaining popularity because of their stackable, lightweight, sturdy, hermetically sealed lid, resilience to transportation, hard handling, and simple recyclability, which allows manufacturers to package and carry more beverages with less material.

The Asia Pacific region is expected to hold a significant share of the canned food packaging market:

The Asia-Pacific area is projected to be the fastest-growing region over the forecast period in the canned food packaging market, especially for canned meat, fish/seafood, and fruits. Countries such as Japan, Korea, and China import a large amount of canned crab meat. Pasteurized crab meat, for example, is one of the most popular canned seafood items in Asia-Pacific countries, behind only canned fish such as tuna. Moreover, food producers in nations such as India have begun to offer ready-to-eat cans of the most popular local cuisines such as poha, upma, and so on. Many local vegetarian food items, such as sterilized pav bhaji, curried paratha, and dal, are now accessible via ready-to-eat cans approved by numerous local and international food safety boards and authorities. Asia Pacific, in general, and China in particular, will continue to be a profitable food cans industry, with a big millennial population choosing canned food goods over time-consuming recipes. Furthermore, China has the world's largest deposits of aluminium and plastic, ensuring a steady supply of raw materials. Consumption has expanded as a result of growing urbanization and the widespread embrace of Westernized culture.

Key developments:

Ball Corporation planned to extend its activities in South America in June 2022, landing in Peru with a new production factory in Chilca in response to rising worldwide demand for aluminium cans. The business is set to commence in 2023 and has a capacity of more than 1 billion beverage cans per year.

Segmentation:

• 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
• BY GEOGRAPHY
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain  
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others