European food cans market to be worth $28.08bn by 2030
SkyQuest projects that the Europe food can market will attain a value of $28.08 billion by 2030, with a CAGR of 4.4% over the forecast period (2023-2030).
The demand for canned meat has experienced prominent growth in recent years, primarily driven by consumers’ increasing reliance on processed food with extended shelf life.
Canned meat products offer convenience and longevity, making them a popular choice among consumers in the Europe food can market.
According to SkyQuest, the production of food cans has witnessed significant growth in the Europe food can market owing to technological advancements and innovative production techniques.
Manufacturers have invested substantially in research and development (R&D) activities, leading to the market’s progress. These investments aim to improve the overall efficiency, quality, and sustainability of food can production.
Canning is a preservation technique that involves heating food to deactivate degrading enzymes and sealing it in an airtight container. This method provides an inexpensive way to extend the shelf life of various food products in the Europe food can market.
Canned foods are known for their ability to remain free of microbial contamination, ensuring food safety. Additionally, canned foods offer the convenience of keeping meals ready to eat warm, making them a popular choice for consumers.
Aluminium Food Cans Segment is Expected to Dominate the Market Due to its Lightweight Nature
Aluminium food cans segment is projected to dominate the Europe food can market, exhibiting a highest CAGR of 2% in the coming years.
Aluminium is preferred for manufacturing food cans due to its lightweight nature and superior strength. These properties make aluminium cans easy to handle, transport, and store while preserving and protecting food products.
The markets in Turkey are poised to dominate the Europe food can market, primarily driven by the country’s thriving food and beverage (F&B) industry.
The growing F&B sector in Turkey has created a significant demand for food cans, boosting the market’s growth prospects.
In addition, the country’s rapidly changing economic conditions, including increasing consumer purchasing power, are expected to fuel the demand for food cans further.
Steel Food Cans Segment is Expected to Grow the Market Due to the Increasing Consumer Demand for Eco-Friendly Packaging Solutions
Steel food cans segment is anticipated to witness growth in the Europe food can market due to several favourable properties associated with steel cans. Steel cans are highly recyclable, making them an environmentally sustainable choice for packaging.
The recyclability factor aligns with the increasing consumer demand for eco-friendly packaging solutions.
Regional markets in the United Kingdom hold a prominent position in the Europe food can market and are expected to experience rapid growth in the coming years. The increasing consumer demand for packaged goods is a crucial driver for this growth.
Consumers in the UK rely heavily on food cans for various products, particularly meat and powdered goods.
A comprehensive analysis of the major players in the Europe food can market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market.
Furthermore, the report scrutinises the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.