Global Food Cans Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

15 Sep, 2021

The food cans market consists of sales of food cans by entities (organizations, sole traders, and partnerships) that manufacture containers for the distribution or storage of food and beverage items. The food is processed and sealed in airtight containers with tops that can be lifted and replaced. These cans are used to store a variety of fruit, vegetables, dairy, fish, meat, ready meals, pet food, infant milk powder, and other food products.

Global Food Cans Market Size And Drivers:

The global food cans market is expected to grow from $24.41 billion in 2020 to $25.91 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%. The growth in the food cans market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The food cans market is expected to reach $32.69 billion in 2025 at a CAGR of 6%. The increase in the penetration of organized retail is expected to be a major driver of the food cans market over the coming years.

Request For A Sample For The Global Food Cans Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5310&type=smp

Trends In The Global Food Cans Market

Recyclable aluminum cans are shaping the food cans market. The companies operating in the food cans sector are increasingly focusing on recyclable aluminum cans to strengthen their position. For instance, in July 2019, Ardagh Group, a Luxembourg-based producer of glass and metal products launched a new slimline 187 ml, which are specifically designed to present and protect wine and wine-based drinks. The can is airtight, lightproof, and shatterproof and is composed of 100% recyclable aluminum. Both the can end and the body of this innovative design has unique requirements to preserve the wine's quality throughout filling, transit, and storage.

Global Food Cans Market Segments:
The global food cans market is further segmented –
By Material: Aluminum Cans, Steel/Tin Cans
By Product: 2-Piece Cans, 3-Piece Cans
By End Use: Meat, Poultry And Seafood, Pet Food, Bakery And Confectionery, Sauces, Jams And Pickles, Fruits And Vegetables, Tea And Coffee, Others
By Geography: The global food cans market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American food cans market accounts for the largest share in the global food cans market.

Read More On The Report For The Global Food Cans Market At:

https://www.thebusinessresearchcompany.com/report/food-cans

Food Cans Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides food cans market overviews, analyzes and forecasts market size and growth for the global food cans market, food cans market share, food cans market players, food cans market segments and geographies, food cans market’s leading competitors’ revenues, profiles and market shares. The food cans market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.