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The food cans market size has steadily grown, increasing from <$63.56 billion in 2023 to <$65.45 billion in 2024, with a compound annual growth rate (CAGR) of 3.0%. The historic period’s growth is attributed to increased demand for organic foods, food security initiatives, low-interest rates, and increased pet ownership among Gen Z and Gen Y adults. Looking ahead, the food cans market is expected to see steady growth, reaching <$73.85 billion in 2028 at a CAGR of 3.1%. This growth in the forecast period is driven by the increasing millennial population, continued technology development, growing awareness about the nutritional benefits of canned food, and rising penetration of organized retail. Major trends include the use of aluminum cans to protect the environment, a focus on BPA-free cans, investment in high-pressure pasteurization equipment, and innovative product development.

The rise in organized retail is expected to significantly drive the food cans market. Factors such as increased disposable incomes, evolving consumer preferences, and substantial investments are fueling the growth of organized retail. Additionally, the expansion of internet access and the entry of international retailers into new regions enhance the global reach of canned food products. Data from December 2021 by the Indian Brand Equity Foundation indicates that India’s e-commerce turnover reached $50 billion in 2020, with projections of $350 billion by 2030. The growth of organized retail will influence the food cans market, with market sizes in 2023, 2024, and 2028 being key indicators of its development.

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What Are The Key Trends That Influence Food Cans Market Share Analysis?

Recyclable aluminum cans are increasingly influencing the food cans market, with companies emphasizing these cans to strengthen their market presence. For instance, in September 2022, Suntory Holdings Limited, a Japanese brewing and distilling company, launched a 100% recycled aluminum can. This innovation aims to reduce greenhouse gas emissions and environmental pollution while ensuring that the design preserves wine quality throughout filling, transit, and storage.

Which Market Players Are Driving Growth In The Food Cans Market?

Major companies operating in the market are Sisecam Group, AGC Inc., Fuyao Glass Industry Group Co. Ltd., Vitro S.A.B. de C.V., Compagnie de Saint-Gobain S.A., Cardinal Glass Industries Inc., Nippon Sheet Glass Co. Ltd, CSG Holding Co. Ltd., China Glass Holding Ltd., Central Glass Co. Ltd., Cevital Group, Euroglas, Guardian Industries, ÅžiÅŸecam Group, Sangalli Vetro Manfredonia SpA, Etex, Xella Group, Radman’s Building Services, Knauf Gips KG, Dry Construction Limited, Pietta glass, Simeko, Salavatsteklo, GC America, Guardian Glass LLC, Xinyi Auto Glass, Dillmeier Glass Company, Trulite Glass & Aluminum Solutions, NSG Group, Corning Incorporated, Schott AG, Arabian Processing Glass, Laval, Al-Saeed Glass & Panel, Emirates Glass, Arabian United Float Glass Company, PPG Industries Inc, Phoenicia Flat Glass Industries Ltd, Koch Industries Inc, Kaveh Glass Group, Ghazvin Glass Co.

How Is The Global Food Cans Market Segmented?

The food cans market covered in this report is segmented –

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, Other End-Uses

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The Food Cans Global Market Report 2024 provides an overview of the food cansmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The food cans market forecast analyzes food cans market size, food cans market share, leading competitor and their market positions.

The Table Of Content For The Food Cans Market Include

1. Food Cans Market Executive Summary
2. Food Cans Market Segments
3. Food Cans Market Size And Template Market Growth Rate
4.  Key Food Cans Market Trends
5. Major Food Cans Market Drivers
……
25. Key Mergers And Acquisitions In The Food Cans Market
26. Top Food Cans Companies
27. Food Cans Market Opportunities And Strategies
28. Food Cans Market, Conclusions And Recommendations
29. Appendix

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