Food Can Market is expected to grow with a CAGR 5.8% from 2022 to 2028
As stated in our extensive report; providing insights on segments (Material, Application and Region), key driving factors, and restraints; the Global Food Can Market accounted for USD 27.9 Billion in the year 2021.
Canning of food products is a preservation method, which includes sealing and sterilizing food products in airtight containers. Various canned food products offered in the market include seafood, meat, fruits, vegetables, meats, sweets & desserts, soups & sauces, beans, lentils, and pasta. The canning process retains many essential nutrients; hence, canned food products have been one of the preferred choices for the preserved food products in the market.
Owing to a hectic lifestyle, purchaser inclination in the direction of the intake of comfort meals merchandise has accelerated withinside the current past. Due to the retention of the excessive quantity of nutrients, color, and flavor, canned meals have emerged as one of the maximum favored selections of preserved meals amongst consumers. The meals and beverage enterprise is a few of the great customers of meal cans for packaging because of their ease of disposal, recycling advantages, and accelerated shelf life. Stringent guidelines via way of means of numerous bodies, along with FDA, CPSC, and ISO, had been instrumental in using product innovation and class for the meals cans marketplace.
With the current outbreak of COVID-19, the packaging producers are dealing with delivery chain disruption at the side of reducing production on the web website online in lots of components of the world. For ensuring smooth go with the flow of the transport chain, Global Food Safety Initiative (GFSI) certification packages are supplying six-month certificate extensions through manner of manner of wearing out a far-off audit and risk assessment about COVID-19 such that the enterprise organization can approve a trendy supplier location without an on-internet internet site on line inspection to meet the demand.
“Key Factors Likely to Drive Growth of Food Can Market”
The primary driver of the market is the increasing millennial population around the world. And the factors responsible for these drivers are rising consumer awareness of hygienic food products and increasing demand from consumers for ready-to-cook and ready-to-eat products due to the rise in the working population and the less time spent on cooking positively impacted the market growth.
With the growth of e-commerce, aluminum metal cans are drastically utilized in merchandise as they withhold the property, at the side of extremely good inertness and resistance to any type of breakage.
Some of the key players in the Global Food Can Market include Crown Holdings, Wells Can Company, Kian Joo Group, Silgan Holdings Inc., CAN-PACK SA, Aaron Packaging Inc., Toyo Seikan Group Holdings Ltd, Visy Industries, Jamestrong Packaging and others.
Browse the full Report - Food Can Market Size, Share & Trends Analysis Report by Material (Aluminum Cans, Steel/Tin Cans), by Application (Ready Meals, Powder Products, Fish and Seafood, Fruits and Vegetables), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)