The aluminum food cans segment by the material is projected to hold the major portion of the global metal food cans market due to its benefits such as easy recyclability and availability. The target segment is projected to account for 60% of the global metal food cans market by the end of 2024.
NEWARK, DE / ACCESSWIRE / November 25, 2024 / The global metal food cans market, valued at USD 26.5 billion in 2024, is projected to grow at a robust CAGR of 3.8% over the next decade, reaching USD 38.4 billion by 2034. Rising consumer demand for convenient, eco-friendly, and nutrient-rich packaged foods, alongside advancements in smart packaging and the expansion of online grocery platforms, are driving this remarkable growth.
The Metal Food Cans Market is driven by several demand and growth drivers that are reshaping the industry. One of the primary factors fueling the demand for metal food cans is the increased consumption of convenience foods. As lifestyles become busier, consumers are increasingly opting for ready-to-eat meals and products with extended shelf life, which metal cans provide. Canned foods are ideal for preserving the nutritional value, taste, and safety of products like vegetables, fruits, meats, and soups, making them a preferred choice for consumers looking for convenience and long-lasting food options.
Another key growth driver is the rising disposable income in emerging markets. As income levels rise, particularly in regions like Asia-Pacific and Latin America, consumers are spending more on processed and packaged food products. The growing urban population in these regions is also leading to an increase in demand for packaged food, boosting the metal food cans market.
The increasing focus on sustainability is another major factor contributing to market growth. Consumers are becoming more environmentally conscious and are demanding packaging solutions that are both durable and recyclable. Metal food cans, primarily made from aluminum or steel, are highly recyclable, making them an attractive option for environmentally-aware consumers. Many companies are also adopting more sustainable practices, such as reducing the carbon footprint of the manufacturing process and using eco-friendly coatings for cans.
Moreover, technological innovations in canning processes have led to lighter, more efficient, and eco-friendly packaging solutions. Advances such as the development of thinner, more durable cans and improved sealing technologies have improved product shelf life while reducing material usage, benefiting both manufacturers and consumers.
Finally, the growth of the e-commerce sector is also driving demand, as consumers increasingly purchase food products online, where metal cans provide both convenience and durability during shipping and handling. These factors collectively contribute to the strong demand and growth potential of the metal food cans market.
How does the Need for Eliminating Secondary Packaging in the Food Industry Augment the Sales of Metal Food Cans?
Use of food cans aid in eliminating the need for secondary packaging solutions, as metal food cans are robust and can be used for transit & storage on their own. Unlike fragile jars or containers, metal food cans can be transported without secondary packaging formats without leaking or breaking. Furthermore, metal food cans offer a superior barrier against light, oxidation as well as contamination which pouches & bags often fail to provide. Metal food cans provide 100% protection against water and light. Moreover, consumers tend to perceive canned food as tamper-proof and hence prefer them over other packaging formats. Most of the secondary packaging solutions are disposed of in landfills or water bodies once they arrive at the final destination, the end user. Manufacturers and consumers are equally worried about lowering their proportion of the waste generated in light of the escalating demonstrations against packaging waste damaging the environment. The sturdy nature of metal food cans makes it unnecessary to add secondary packaging to the product. This adds up to the sustainability factor that metal food cans provide. Also, metal food cans can be recycled multiple times without losing strength or quality.
How is the Adoption of Smart Packaging by the Metal Food Cans Manufacturers Create a Growth Opportunity for the Market?
Metal food cans manufacturers are adopting the trend of smart packaging to gain customer satisfaction. The development of innovative packaging solutions has brought new trends to the metal food cans market. The leading player in the metal food cans market named Crown Holdings has come up with Crownsecure. This is a code scanning system that is printed on the cans. All the cans will have a unique identity with a QUICK RESPONSE (QR) code. These help the food brand to let their consumer be informed with each and every small piece of information about the product and the brand. Consumers can also check quality through this unique code system. Thus, the adoption of smart packaging by metal food cans manufacturers creates a growth opportunity for the metal food cans market.
Key Takeaways on the Metal Food Cans Market
Market Valuation: The metal food cans market is projected to reach USD 26.5 billion in 2024 and grow to USD 38.4 billion by 2034.
Growth Rate: The market is expected to expand at a steady CAGR of 3.8% over the forecast period.
Dominant Material: Steel leads the market, accounting for a significant 67.2% share in material usage.
Leading Brands: Prominent players include Crown Holdings, Ardagh Group, Amcor Plc, Silgan Metal Packaging, and Massilly Holding S.A.S.
Market Potential: The industry's growth is driven by increasing demand for durable, sustainable, and convenient packaging solutions.
Consumer Lifestyles and Changing Diet Preferences
The busy and active lifestyles of urban consumers have significantly boosted the demand for canned foods, which offer convenience and long shelf life. This trend is particularly strong in countries such as India and Brazil, where canned foods are becoming an integral part of the daily diet. With the ability to minimize food waste and preserve nutrient-rich contents, metal food cans are emerging as a top choice among urban millennials seeking ready-to-eat or semi-processed food options.
Smart Packaging Revolution
Innovations in smart packaging are reshaping the metal food cans market. Manufacturers like Crown Holdings have introduced technologies such as the Crownsecure encodable can printing system, integrating QR codes to enhance consumer engagement. These codes allow customers to verify product quality, learn about the product's journey, and gain access to brand information. The adoption of such smart packaging solutions creates a new level of trust and convenience for consumers while offering brands an opportunity to stand out.
The Role of E-Commerce in Market Expansion
The food e-commerce boom is driving the demand for shelf-stable, canned food products. Major brands are leveraging this opportunity:
Heinz has launched a new line of canned soups tailored for online grocery shoppers.
Nestlé is expanding its range of canned ready-to-eat meals across platforms like Amazon Fresh and Walmart Grocery.
Bumble Bee Foods is targeting health-conscious consumers with canned seafood products designed for quick and easy meal preparation.
"The metal food cans market is evolving with innovations in smart packaging, sustainability, and convenience. As urbanization and e-commerce drive demand, companies investing in recyclable materials and advanced designs will gain a competitive edge. Challenges like raw material volatility will require adaptive strategies." Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Craft Beverages and Artisanal Foods Open New Avenues
The growing popularity of craft beverages and artisanal foods has spurred manufacturers to develop specialized metal cans tailored to these markets. Custom designs, enhanced barrier coatings, and innovative shapes are helping brands achieve differentiation while maintaining the premium appeal.
Growth Opportunities in the Metal Food Cans Market:
Rising demand for ready-to-eat and convenience foods: Increased consumer preference for convenient, long-shelf-life food products drives demand for metal food cans.
Expansion in emerging markets: Growing middle-class populations and urbanization in regions like Asia-Pacific and Latin America offer significant market growth potential.
Advancements in canning technologies: Innovations like lightweight cans and eco-friendly coatings improve product appeal and sustainability, driving market growth.
Increased focus on sustainable packaging: Growing environmental concerns push the adoption of recyclable and eco-friendly metal food cans.
Product diversification: Increasing use of metal cans for packaging a wide range of products beyond traditional foods, such as pet food, health supplements, and beverages.
Industry Trends:
Shift towards eco-friendly materials: A growing trend toward recyclable and sustainable packaging materials is shaping the future of the market.
Premiumization of canned products: Brands are focusing on premium offerings like organic or gourmet canned foods to cater to health-conscious consumers.
Smart packaging innovations: Incorporation of digital labels and smart cans with QR codes to enhance consumer interaction and product traceability.
Adoption of lightweight cans: To reduce shipping costs and environmental impact, manufacturers are developing thinner, lighter metal cans.
Growth in e-commerce food sales: With more consumers shopping online, demand for well-packaged, shelf-stable food items in cans is increasing.
Country-wise insights for the Metal Food Cans Market:
Country |
CAGR (2024 to 2034) |
Key Trends & Insights |
|---|---|---|
India |
4.1% |
India's manufacturing sector is growing with technological upgrades. Companies like Hindalco and Tata Steel focus on sustainability and high-quality cans. The rise in health consciousness, hygiene concerns, and e-commerce growth are key drivers. Government initiatives like "Make in India" are supporting local production. |
Thailand |
4% |
Thailand's strategic location in Southeast Asia fosters growth in food can exports. The market is driven by increasing demand for convenience foods and beverages, with local manufacturers adopting advanced canning technologies and sustainable practices to meet global food safety standards. |
Japan |
3.9% |
Japan's food packaging industry emphasizes automation and efficiency. Growing demand for ready-to-eat meals and convenience foods is a significant driver. Companies focus on innovation and green packaging, with the Tokyo 2020 Olympics boosting sustainability initiatives. |
China |
3.8% |
China's metal food can market is expanding due to increased consumer demand for packaged and processed foods. The growth is also supported by strong local manufacturing capabilities and technological advancements, alongside a growing preference for sustainable packaging. |
South Korea |
3.7% |
South Korea is seeing robust growth in the metal food cans sector, driven by high-tech packaging solutions and the growing popularity of ready-to-eat and convenience foods. Additionally, sustainability and eco-friendly initiatives are gaining traction in the packaging industry. |
United States |
3.3% |
Leading companies like Ball Corporation and Crown Holdings drive innovation and sustainability. There is strong demand for metal cans in the food & beverage industry, particularly for products like soups, fruits, vegetables, and beverages. The U.S. also plays a major role in global exports. |
Leading Metal Food Cans Brands
Crown Holdings, Inc.
Ardagh Group
Amcor Plc
Silgan Metal Packaging
Massilly Holding S.A.S
Colep Packaging
HUBER Packaging Group
Tinmasters
Sonoco Products Company
Trivium Packaging.
Jean Anid & Fils S.A.L.
MIVISA ENVASES, S.A.U.
SARTEN AMBALAJ SAN. VE TIC. A.S.
Nussbaum Matzingen AG
Hoffmann Neopac AG
Toyo Seikan Group Holdings, Ltd.
Metal Packaging Europe
CANPACK.
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Key Segments of Market Report
By Material Type:
The metal food cans market includes aluminum and steel materials. Steel is further classified into stainless steel, carbon steel or mild steel, and tinplate.
By Product:
The segment is divided into 2 and 3-piece cans.
By Capacity:
The market is classified into less than 200 gm, 201-500 gm, 501-1000gm, and above 1000 gm.
By End Use:
The category includes fruits and vegetables, tomatoes, seafood, dairy, pet food, infant formula, and other (ready-to-eat, sauces, etc.) end uses.
By Region:
Information about the leading countries of North America, Latin America, Western Europe, South Asia and Pacific, East Asia, and the Middle East and Africa is given.
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
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About Future Market Insights (FMI)
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