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Canned Food Packaging Market Size

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

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Canned Food Packaging Market Size

Canned Food Packaging Market was valued around USD 31 billion in 2023 and is anticipated to register a CAGR of over 5.2% between 2024 and 2032. Canned food packaging offers a range of benefits, including extended shelf life, preservation of nutritional value, and ease of transportation and storage.

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The market has seen innovations in packaging materials and designs to enhance product appeal and functionality. Sustainable packaging solutions, such as eco-friendly materials and reduced environmental impact, have gained prominence as consumers become more environmentally conscious. The industry has also embraced advancements in technology, incorporating features like easy-open lids, tamper-evident seals, and interactive QR codes for improved consumer engagement. Global trends in health and wellness, coupled with changing lifestyles, have fueled the demand for diverse canned food options, leading to a surge in product variety and packaging differentiation.

Canned Food Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Canned Food Packaging Market Size in 2023:	USD 31 billion
Forecast Period:	2023 - 2032
Forecast Period 2023 - 2032 CAGR:	5.2%
2032 Value Projection:	USD 49 billion
Historical Data for:	2018 – 2023
No. of Pages:	300
Tables, Charts & Figures:	188
Segments covered:	Product type, Packaging material, Can size
Growth Drivers:	Increasing demand for convenient and ready-to-eat food products Expanding variety of canned food products and flavors Technological advancements in packaging materials and designs
Pitfalls & Challenges:	Competition from alternative packaging formats, such as pouches and Tetra Paks Fluctuations in raw material prices affecting production costs

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One significant challenge facing the canned food packaging market is the formidable competition from alternative packaging formats, particularly pouches and Tetra Paks. These alternatives have gained popularity among consumers seeking convenience, lightweight options, and eco-friendly packaging. Pouches offer flexibility and portability, making them particularly attractive for on-the-go consumption. Tetra Paks, on the other hand, are known for their lightweight yet durable nature, providing a balance between environmental considerations and product protection. The competition intensifies as these alternatives often boast innovative features such as easy resealing, pouring spouts, and enhanced visual appeal.

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.