Market Trends of Food Cans Industry
This section covers the major market trends shaping the Food Cans Market according to our research experts:
Aluminium Cans to have Significant Market Share
- According to The Aluminium Association, an average aluminum can contain 70% recycled metal, making it, by far, the most recycled beverage container. Aluminum cans deliver 100% protection against oxygen, light, moisture, and other contaminants. They are resistant to corrosion and provide one of the longest shelf lives of any type of packaging. The lightweight and easily stackability of these cans provide storage and shipping efficiencies and limits overall transportation carbon emissions through logistics and supply chains, thus driving its adoption in packaging.
- Also, in January 2020, Bee’ah, the Middle East’s sustainability pioneer, signed MoUs with Unilever Gulf to tackle plastic pollution in the region. In July 2019, Nampak offered aluminum cans to replace its plastic beverages. By using aluminum cans as a substitute for plastic bottles, Nampak makes use of South Africa’s high metal recycling rates. The country currently recycles around 76% of all metal packaging products.
- China is the largest producer of primary aluminum, followed by GCC countries, which is supporting the production of aluminum cans for food packaging. According to the World Aluminum, from 2018 to 2019, around 128,033 thousand metric ton of aluminum were produced worldwide.
- Also, the demand for FMCG products, like dairy, fruits, and vegetables, due to increasing urbanization, is driving the demand for aluminum cans for packaging since they block moisture and protect food from contaminating.
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North America to Have Significant Share
- The North American region includes the United States and Canada. The region is expected to have a significant market share in the food cans market.
- Food processing is one of the major manufacturing sectors in the United States, which is driving the demand for food cans in the region. According to the United States Department of Agriculture, 16% of the value of shipments from all manufacturing plants in the United States comes from food processing plants.
- Packaging also significantly increases a product’s shelf life, which helps reduce food waste, a significant environmental and economic problem. For example, an estimated 42% of fresh peaches are lost at the consumer stage in the US, primarily due to spoilage. For canned peaches, only 9% of the product spoils, saving significant resources while providing the same nutritional value.
- Product innovation in the region is also driving the demand for food cans market. For instance, during the last five years, Ball Corp. saved more than 210 metric ton of steel annually or equivalent to the steel used in 250 cars by reducing the weight of an end, used with millions of two-piece food cans in North America by 15%.
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