MEA Food Cans Market Size

MEA Food Cans Market Analysis

The MEA Food Cans Market size is estimated at USD 1.61 billion in 2024, and is expected to reach USD 1.78 billion by 2029, growing at a CAGR of 1.99% during the forecast period (2024-2029).

Food cans are widely preferred as they are corrosion-resistant and extend the shelf life of any package. Its advantages include stiffness, stability, and strong barrier qualities.

• Manufacturers of food cans in the region are anticipated to have access to less expensive raw materials, like crude oil, encouraging the production locally. The rising demand for food packaging is driving the metal can packaging in the region. Online orders for fresh fruits, vegetables, meats, poultry, and ready-to-eat meals from restaurants and cafes have increased in the past few years. Manufacturers observed that this tendency had moved the industry's attention to upgrading the current product portfolio and developing more environmentally friendly packaging.
• According to a survey conducted by Studio Polli, the UAE market could interest manufacturers and exporters of canned food. The UAE imports about 90% of its food and finished foods. Therefore, they represent an enchanting country for food companies in the sector, which have the advantage of being able to offer products that the local market recognizes and appreciates. The UAE is the first market for food companies in the entire Arab world. Italy ranks seventh among the country's suppliers and third among European partners.
• The region's double-digit growth is due to solid internet usage, a well-developed infrastructure, and supporting policies. Various trends also contributed, including the increasing popularity of digital payments, the growth of online grocery shopping, and expanding tech initiatives. Such factors drive the market growth for metal cans over the forecast period.
• Emirates Global Aluminium PJSC, one of the biggest metal producers, predicts metal prices to remain high. Driven by regional solid demand growth and increasing production costs, prices continue to rise. Such an increase in metal costs can leverage the market for alternate materials, such as plastic, in the studied market, which could pose a challenge for the food cans market in the region.
• In the region's packaging sector, the post-COVID-19 has brought hygiene and traceability to the forefront. As consumer perspective and demand have changed, single-use and individually-wrapped products were on the rise again in popularity, and regions lifted sanctions, at least for the short term. This accelerated the development and use of bio-plastics and other innovative raw materials.