UK canned food packaging revenue to reach $1.76bn by 2033
The United Kingdom canned food packaging business revenue is estimated to total $1,309.8 million in 2023 and $1,764.5 million by 2033, according to a new report.
Canned food packaging demand in the United Kingdom is predicted to surge at a CAGR of 3.0% during the assessment period.
Several factors are expected to drive sales of canned food packaging solutions in the United Kingdom. These include the rising demand for ready-to-eat food products and the growing need for sustainable packaging, including metal cans.
Growing demand for convenient and time-saving food options, pushed by busy lifestyles, is providing impetus for the growth of the canned food packaging business.
Canned food packaging helps provide quick and easy meal options for individuals and families with hectic schedules.
Food cans are gaining popularity due to their low cost per serving and extensive availability in retail stores. Consumers’ changing preferences for healthy, organic, nutritious, and balanced food contribute to the demand for the canned food packaging business.
Canned food can be stored for up to five years and has a longer shelf life. It is a popular option in the food industry. To ensure that it can be consumed when needed, customers are empowered to keep it in stock for longer periods without worrying about food quality.
In the predicted time frame, it is anticipated that rising consumer preference for metal food cans will increase demand for packaging made expressly for canning foods. Canned food packaging removes the need for secondary packaging due to its robustness and structural integrity, reducing the packaging waste that goes into landfills.
The rising usage of metal cans as an eco-friendly alternative across diverse industries is set to boost the target business. Metal cans serve as a sustainable material, which contributes to the appeal of canned food packaging.
Canned food uses less energy when compared to fresh and frozen food. Fruits and vegetables being canned are gathered and processed immediately, reducing the environmental effect. Metal cans remove the need for secondary packaging due to their robustness and structural integrity, which in turn reduces the packaging waste that goes into landfills.
Key Takeaways from the Report
- The United Kingdom canned food packaging business is expected to grow at a 3.0% CAGR by 2033.
- By 2033, sales of canned food packaging solutions are set to total $1,764.5 million.
- Based on product, the 2-piece can is projected to hold a value share of 74% in 2023.
- By end use, the fruits and vegetable segment is expected to surge at a CAGR of 2.9% by 2033.
- Based on material, the paperboard segment is projected to grow at a CAGR of 5.1% through 2033.
“Canned food packaging business growth is subjected to the rising demand for quick and hassle-free packaging solutions driven by busy consumer lifestyles. Canned food packaging offers longer shelf life resulting in less food waste,” says Ismail Sutaria, Principal Consultant at Future Market Insights.