Future Market Insights
Food is an integral part of the life, and thus the behavioral aspect of the consumers towards food changes drastically. Food is a preferred item depending on the various external aspects such as color, taste, presentation and hygiene. Thus packaging plays the vital role to fulfill the needs of the customers. To attract the customers various packaging companies innovate and design different types of packaging. Metal cans are one of the types of food packaging which facilitate the distribution and storage of the food. Canned food or processed food is a good source of nutrients and protect the food from external conditions and provide hygienic canned food. The most traditional form of the canned food is metal packaging. It is popularly used the type of packaging as it is convenient to use, easy to transport and safe to consume. The canned food thus is available in various sizes, shapes, and styles.
Global canned food packaging: market dynamics
The market for the canned food packaging is driven by the recyclable and reusable properties of the cans, nutritional value and hygienic food process. Due to growth in the busy schedules and hectic lifestyle, increase in the demand for the packaged or processed food, and availability of various convenient food option such as ready to eat, ready to cook, ready to serve and ready to heat, all are the factors that are expected to propel the growth of global canned food packaging market. Increasing urbanization, rising household income and growing demand for the milk-based products such as cheese, and ice-cream are expected to increase the demand of canned food packaging during the forecast period. Moreover, the macroeconomic factors favoring the global canned food packaging market consist of changing lifestyle, growth in the disposable income, decreasing prices of the packaged or canned food items making them affordable for the use, and also easy availability of canned food with various taste preferences and choices are projected to gain traction in the forecast period 2017-2027.
However, major restraining factors affecting the global canned food packaging market are an availability of alternative packaging solutions, the high cost of metals, an introduction of polyethylene terephthalate and high-density polyethylene materials. The presence of chemical named BPA used to avoid reaction of food with the inner surface of the metal is subject to concern about the health of the users. Moreover, lack of microwavable capability and cost effectiveness of alternative materials affects the growth of canned food packaging market. Changing customer preference is a dynamic problem faced by the processed food manufacturers as it is unpredictable and thus constant innovation has to be made to attract them.
Global canned food packaging: segmentation
By Type of food, the canned food packaging market is segmented into:
Canned fish and seafood
Canned meat products
Canned ready meals
Milk and sauces
Beans and legumes
By Distribution Channel, the global canned food packaging market is segmented into
Supermarkets and hypermarkets
By raw material, the global canned food packaging market is segmented into:
By types of can, the global canned food packaging market is segmented into
3-piece welded food cans
2-piece food cans
DRD cans (drawn- redrawn)
Drawn wall-ironed (DWI)
Open top sanitary can
By Preservation technique, the global canned food packaging market is segmented into:
Global canned food packaging: segment overview
By the type of food, the canned food packaging market is expected to be driven by the canned fish and meat segment due to increasing consumption of fish and meat products in recent years. The canned ready meals are also gaining traction due to urbanizations, changing taste preferences of the customers, and popularity in the working women. By the raw materials used for the cans, the aluminum metal gains traction due to a provision of safety and protection from the external factors such as heat, pollution. Based on different types of cans, there are three types of cans used for the food packaging. The 3-piece, 2-piece cans and open top sanitary cans. Based on the preservation techniques used to preserve the food in the cans, the global canned food packaging market is segmented into pressurized and vacuum cans to increase the shelf life of the food and to maintain its color and taste.
Global canned food packaging: Regional overview
Regionally, the global canned food packaging market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and the Middle East and Africa. North America and Europe owing to high consumption of canned food and presence of a large number of food industries dominate the market at the global level. Asia Pacific due to growing number of interested investors investing in the development of industries and increase in production and consumption capacity in these regions are expected to gain traction in the forecast period.
Global canned food packaging: market players
The prominent players in the canned food packaging market are Ball Corporation, Del Monte Foods, Inc., Crown Holdings, Amcor Limited, Anchor Glass Container Corporation, and Siligan containers.
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