Food Cans Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Food Cans Market is segmented By Material (Steel, Aluminum, Tinplate, Plastics, Glass), By Can Type (Two-piece, Three-piece, Composite Cans), By Closu....
Food Cans Market Size
Market Size in USD
CAGR4.5%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 4.5% |
| Market Concentration | Low |
| Major Players | Ardagh Group, Ball Corporation, CAN-PACK S.A., Crown Holdings, Silgan Holdings, Sonoco Products Company |
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Food Cans Market Analysis
The Global Food Cans Market is estimated to be valued at USD 25.4 Bn in 2024 and is expected to reach USD 32.9 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Canned food products such as canned fruits and vegetables, fish, beans, soups and sauces have seen steady demand globally. The rising preference for convenient packaging formats aligned with increased disposable incomes is expected to drive the demand for canned foods over the next decade.
The food cans market is expected to witness positive trends over the forecast period. There is a rising demand for sustainable and recyclable packaging solutions among manufacturers and consumers. The canned packaging helps increase the shelf-life of foods without the need for preservatives and is fully recyclable. Cans also provide an excellent barrier against oxygen, moisture, light and other contaminants thereby retaining the quality and nutrients of food for long durations. This makes canned products ideal for global distribution and retail stores.