Food Cans Global Market Report 2024

The food cans market size has grown steadily in recent years. It will grow from $63.56 billion in 2023 to $65.45 billion in 2024 at a compound annual growth rate (CAGR) of 3.0%. The expansion observed in the historical period can be attributed to an increased demand for organic foods, initiatives focused on food security, low-interest rates, and a rise in pet ownership among Generation Z and Millennials (Generation Y) adults.

The food cans market size is expected to see steady growth in the next few years. It will grow to $73.85 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The anticipated growth in the forecast period can be attributed to the increasing millennial population, ongoing developments in technology, a growing awareness of the nutritional benefits of canned food, and a rising penetration of organized retail. Key trends expected in the forecast period encompass the use of aluminum cans to promote environmental protection, a focus on BPA-free cans to eliminate risks associated with BPA products, investments in high-pressure pasteurization equipment, and a commitment to investing in innovative products to enhance overall quality and offerings.

The food cans market is anticipated to witness significant growth, propelled by the increasing penetration of organized retail. Factors such as rising disposable incomes, evolving consumer preferences, changing demographics, and increased investments contribute to the growth of organized retail. Additionally, the expanding reach of international retailers, driven by growing internet penetration, is enhancing the accessibility of various canned food products globally. Notably, in December 2021, India's e-commerce turnover reached $50 billion, making it the eighth-largest global e-commerce market, with projections to reach $350 billion by 2030. This surge in organized retail activities is a key driver for the food cans market.

The awareness regarding the nutritional benefits of canned foods, especially fresh or frozen fish and seafood, is driving the growth of the food cans market. Canned seafood is preferred for its preserved nutrients, extended shelf life, and convenience when fresh alternatives are not readily available. Canning processes maintain the nutritional value of minerals, fat-soluble vitamins, protein, fat, and carbohydrates. To meet the rising demand for canned foods, manufacturers are focusing on designing lightweight and optimized food cans. For instance, 98% of Americans reportedly keep canned foods in their kitchens, and the efficient packaging of canned peaches significantly reduces spoilage compared to fresh peaches, saving resources while preserving nutritional value.

Recyclable aluminum cans are reshaping the food cans market, with companies emphasizing their use to enhance sustainability. In September 2022, Suntory Holdings Limited introduced a 100% recycled aluminum can, contributing to reduced greenhouse gas emissions and environmental pollution. This innovative design has specific requirements to maintain the quality of the packaged product. The adoption of recyclable materials aligns with environmental consciousness in the food cans market.

The food cans market is witnessing increased investments driven by rapid technological advancements. Companies are heavily investing in product innovation to offer safe and reliable products to consumers. For example, American Canning, a US-based aluminum cans and packaging supplies company, expanded its operations in 2022 by establishing an environmentally-conscious aluminum can manufacturing plant and a second shrink-sleeve line. This investment is aimed at incorporating eco-friendly practices into the manufacturing process.

In April 2022, Ball Corporation, a US-based aluminum can manufacturer, collaborated with Recycle Aerosol LLC, a US-based aluminum aerosol container manufacturing company focused on recycling waste materials. This partnership aims to increase the recycling of aluminum aerosol cans, establishing an energy- and carbon-efficient closed-loop process where discarded aerosol cans are recycled into new ones, promoting sustainability in the food cans market.

Major companies operating in the food cans market report are Crown Holdings, Inc., 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., Essa Company, Irwin & Souza, Amor Limited, Carnevale Group, Italcomex Export Italian Food, Cantine Brusa Spa, Rieber Foods Polska Sa, Pietro Coricelli Spa, Agrigenus Coop. Agricola, Milko Hurtowe Centrum Nabialu, Zaklady Miesne Nowak Sp. Z O., Dripol Sp. Z O.O, Sulimar Sp. Z O.O, Petropat Sp Z Oo, Jn Pack Ltd., Sps Handel, Galabeks Ltd., Auguricom Serviz, Del Monte Foods, Metal Container Corporation, Mauser Packaging Solutions, White Solder Ltda, Sapin, Mn Gulf Group Fze, Greif South Africa (Pty) Ltd., Metcan Manufacturing Cc, Nampak Products Ltd., Peninsula Drums (Pty) Ltd.

North America was the largest region in the food cans market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food cans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the food cans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary materials used for food cans are aluminum and steel. Aluminum cans are made from aluminum alloys, prized for their strength and lightweight properties. Food cans are commonly available in 2-piece or 3-piece configurations. These cans are widely used in diverse sectors including meat, poultry, and seafood, pet food, bakery and confectionery, sauces, jams and pickles, fruits and vegetables, and tea and coffee, among other applications.

The food cans market research report is one of a series of new reports that provides food cans market statistics, including food cans industry global market size, regional shares, competitors with a food cans market share, detailed food cans market segments, market trends and opportunities, and any further data you may need to thrive in the food cans industry. This food cans market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The food can market consists of sales of chromium-coated steel, tin cans, and paper cans. Glass cans and plastic cans. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.