North America Food Cans Market Size

North America Food Cans Market Analysis

The North America Food Cans Market size is estimated at USD 9.10 billion in 2024, and is expected to reach USD 10.30 billion by 2029, growing at a CAGR of 2.39% during the forecast period (2024-2029).

In this region, canned food has become a part of many individuals' diets. The ever-changing lifestyles and consumers' choices toward convenience foods have shown a rising trend in the past few years. North America is an extensive user and producer of food cans. Metal containers play a vital role in preserving food without microbiological spoilage.

• The market is mainly driven by the increasing consumption of various packaged food products that are convenient to use or consume. Due to the accelerated pace of life and the increase in the workforce, the consumption of ready meals has increased. This directly drives the growth of the market.
• Food cans preserve the food and prolong shelf life, preventing spoilage due to external factors such as sunlight and air. Many fast-food chains and restaurants widely use canned food products due to their cooking convenience. They also remain free from contamination and spoilage for a longer period. Also, the rise of the millennial population and its wide acceptance has led them to opt for canned foods as they are easier to cook and save preparation time.
• Moreover, in August 2023, the government of the United States announced new tariffs on can-making metal imported from China, Germany, and Canada. This move, food companies state, could lead to higher prices for some canned foods. Chinese products would be subject to the highest tariffs of the three countries, a levy of 122.52% of their import value.
• The industry is also facing challenges with bio-based plastics, as they are widely utilized across various applications, including food packaging, owing to higher availability of resources, enhanced thermal resistance, higher flexibility and toughness, and other similar properties. The region's biodegradable plastics market is anticipated to rise, particularly during the forecast period, due to the growing demand for bio-based packaging in the food sector. Bio bags and bio-based plastics have higher tensile strength, are eco-friendly, and are convenient compared to conventional plastics.
• The COVID-19 pandemic caused a favorable impact on the consumption of canned foods in the region, as people turned to home cooking and retail purchases. Retail is one of the primary points of sale for canned food, for which the demand rose during the initial phases of COVID-19 and the lockdown period. The sales of canned food products increased during the pandemic due to their long shelf life, which attracted customers subjected to home quarantines, owing to regulatory measures restricting ease of movement by the nation's government.