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Canned Food Packaging Market Share

Report ID: GMI7932
Published Date: Jan 2024
Report Format: PDF

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Canned Food Packaging Market Share

The canned food packaging industry exhibits a moderate degree of concentration, with several key players vying for market share. While some companies dominate specific segments, the overall landscape is characterized by a diverse array of competitors. Key competitors such as Amcor Plc, Ardagh Group, Ball Corporation, Crown Holdings, and Sonoco dominate the landscape, contributing to a more consolidated market. These major players employ various competitive approaches, including strategic pricing, robust distribution networks, and innovative product offerings, creating a competitive edge.

Amcor Plc and Ball Corporation, in particular, have initiated significant efforts to expand their operations globally. Amcor Plc has been focusing on sustainable packaging solutions, aligning with the growing consumer demand for eco-friendly options. Ball Corporation, on the other hand, has been extending its reach into South America, with plans for a new manufacturing plant in Peru to meet the increasing demand for aluminum cans.

Canned Food Packaging Market Companies

Major players operating in the canned food packaging industry include:

AJ Packaging Limited
Amcor Plc
Ardagh Group
Ball Corporation
Colep Packaging
Crown Holdings
Del Monte Foods, Inc.
Envaplaster
Eviosys
MC Packaging
MyChau
Siligan Containers
Sonoco

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for canned food packaging was valued around USD 31 billion in 2023 and is anticipated to register a CAGR of over 5.2% between 2024 and 2032, owing to the extended shelf life, preservation of nutritional value, and ease of transportation & storage.

Metal packaging segment accounted for over 50% market share in 2023 and is projected to grow through 2032, driven by the durability, longevity, and excellent preservation properties.

North America industry for canned food packaging generated a revenue of over USD 12.2 billion in 2023 and will record notable growth through 2032, attributed to the busy lifestyles of consumers seeking convenient and time-saving meal solutions.

AJ Packaging Limited, Sonoco, Amcor Plc, Siligan Containers, Ardagh Group, MyChau, Ball Corporation, MC Packaging, Colep Packaging, Eviosys, Crown Holdings, Envaplaster and Del Monte Foods, Inc.