Global Food Cans Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Food Cans Market Report by The Business Research Company covers food cans market drivers and restraints, food cans market size, major players, and the impact of COVID-19 on the food cans market.
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.
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. Increased disposable incomes, shifting consumer preferences and tastes, shifting demographic profiles, and increased expenditures are all contributing to the organized retail sector’s growth. Vendors rely on the organized retail sector to distribute and sell their products, and large organized retailers carry vast volumes of canned foods and beverages in their stores.
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Some food cans market trends include recyclable aluminum cans. The companies operating in the food cans sector are increasingly focusing on recyclable aluminum cans to strengthen their position.
Global food cans market segments include:
1) By Material: Aluminum Cans, Steel/Tin Cans
2) By Product: 2-Piece Cans, 3-Piece Cans
3) By End Use: Meat, Poultry And Seafood, Pet Food, Bakery And Confectionery, Sauces, Jams And Pickles, Fruits And Vegetables, Tea And Coffee, Others
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Food Cans Global Market Report 2021: COVID-19 Growth and Change is one of a series of new reports from The Business Research Company that provides food cans market overviews, analyzes and forecasts market size, share, food cans market players, food cans market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The food cans identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Food Cans Global Market Report 2021: COVID-19 Growth and Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Crown Holding Inc., Ardagh Group, Kian Joo Group, Silgan Holdings Inc., Can-Pack S.A., Envases del Plata, CPMC Holding Limited, Wells Can Company, Toyo Seikan Group Holdings Ltd, Aaron Packaging Inc., Jamestrong Packaging, Kingcan Holdings Limited, HUBER Packaging Group GmbH, Tetra Laval International S.A., and Independent Can Company
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Food Cans Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Food Cans Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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