Europe Food Cans Market Size

Europe Food Cans Market Analysis

The Europe Food Cans Market size is estimated at USD 7.60 billion in 2024, and is expected to reach USD 8.96 billion by 2029, growing at a CAGR of 3.20% during the forecast period (2024-2029).

Metal cans play a vital role in preserving food without microbiological spoilage. Cans provide practically complete moisture protection. The cans do not rust and are corrosion-resistant, and they have the extended shelf life of any package. Its advantages include stiffness, stability, and strong barrier qualities.

• The market is mainly driven by increased demand for packaged and processed foods, expansion of convenient food options, rising demand for milk-based products, rising urbanization, and cans' capacity to be recycled and reused. Increased availability of alternative packaging options and strict government rules regarding safe packaging are significant barriers for the canned food packaging business.
• Many consumers of canned foods choose the products because of the convenience offered and lower cost. Canned foods are convenient and require less energy and cooking time. Most canned foods take 40% less time to prepare than regular meals.
• According to Metal Packaging Europe, Infinite recyclability is the critical factor in defining sustainable food packaging. The European Association for the metal packaging industry evaluated consumer perceptions of canned food and metal packaging in Belgium, Denmark, France, Germany, Italy, the Netherlands, Poland, Spain, and the UK. The survey showed the significance of ensuring consumers and brands fully understand the benefits of food cans to make informed packaging choices that suit their lifestyles and contribute to a more sustainable way of living.
• The industry is also facing challenges with the increase in raw material prices. The cost of aluminum and other materials used in packaging reached new, record levels in the first quarter of 2022, maintaining the strong upward surge in prices, according to Flexible Packaging Europe (FPE). Costs of aluminum have exacerbated deficits in the metal used in the power, construction, and packaging industries.
• With the spread of COVID-19 worldwide, businesses have suffered significantly. The studied market has been negatively impacted due to the pandemic. The COVID-19 pandemic had a mixed impact on the market studied. Some of the effects of the lockdown include supply chain disruptions, lack of availability of raw materials used in the manufacturing process, labor shortages, and fluctuating prices, which led to shipping problems and inflation in the production of the final products. Also, the war between Russia and Ukraine has resulted in economic sanctions against several countries, high commodity prices, supply chain disruptions, and impacts on many markets worldwide, and caused trade disruptions in the industry.