Global Food Tins and Drink Cans Market Overview
Metal packaging plays an important role in the process of food preservation. The common term used to describe this process is called canning. Canned food has become an important part of the human diet in developed countries during the past century and is widely spreading in developing countries as well. It is of great value in those parts of the world where no or limited refrigeration exists for storing food. These factors have given rise to the Food Tins and Drink Cans industry to flourish more in developing and developed countries. Metal packaging has a dual function as a protection against any external interference on the foodstuff during heat treatment and storage and as an information pack. The basic necessity for such packages is air- tightness of the container. The food which is sterilized by the heat process is focused to be protected completely against any infection with microorganisms or any influence from the outside. Many of these contain a coating on the metal surface between the foodstuff and the metal.
Food cans and tins are packed under ambient pressure like beer and carbonated beverage. Soft drinks typically do not undergo any further treatment. Many food types are filled hot and are cooked in the can under a wide range of conditions. The sterilizing processes are controlled to assure bacterial safety and this helps in preservation of food for a longer period of time. Many metal packaging (typically cans, containers, caps and closures) are normally coated on either or both the sides. Many soft drinks are extremely acidic and are prone to corrosion of the can which is potentially a serious problem.
Since all carbonated beverages are packed under pressure, it is of prime concern that internal coatings provide complete protection to the can, without flaws. As food is often heat processed in the can, the coatings of both internal and external parts must withstand the conditions. Also, the internal coatings must be resistant to the contents of the can during processing and any by-products formed in the food during the heat processing.
Market Size & Forecast
Many manufacturers are concentrating towards new product application advances in Food Tins and Drink Cans. Moreover, the many advantageous properties of Food Tins and Drink Cans are being exploited for storing food for a longer period of time, storage without refrigeration, for availing seasonal foods throughout the year and more. Uses for Food Tins and Drink Cans in Food and beverage industry is being extensively experimented and thus all of these have to be standardized according to food grade authorized standards. Modernization of lifestyle of the consumers is anticipated to positively influence the overall market growth over the forecast period.
The rise in food consumption in Asia-Pacific region is segmented into countries such as Japan, India, China and Indonesia. The food consumption around these areas is growing the packaged food market including food tin and cans market during the forecast period. Thus, food tins and drink cans market is anticipated to record a CAGR of 4.1% over the forecast period. The Food Tins and Drink Cans market is expected to reach a value of USD 45.2 billion at the end of the forecast period.
On the basis of regional platform, global Food Tins and Drink Cans market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America is projected to be the fastest growing market during the forecast period. This growth is attributed by the high consumption rate of alcoholic beverages, vegetable & fruit juices, iced tea, sport drinks etc. The prime players operating in beverage industries are Pepsi and Coca-Cola, which drives the demand in the U.S. market.
Following North America there is Asia Pacific and Europe which are expected to dominate the overall market share value during the forecast period. The Asia Pacific region is projected to be the fastest-growing dairy food and beverage market. Moreover, China & India is estimated to showcase exponential growth in the food & beverage metal cans market.
Market Segmentation
Our-in depth analysis of the global Food Tins and Drink Cans market includes the following segments:
By Material Type:
- Aluminum
- Steel
- Tin
By Coating Type:
- Direct Food Contact
- Indirect Food Contact
By Packaging Of Different Foodstuffs:
- Beverages
- Wet Food
- Dry Food
By Covering Type:
- Closures
- Lids
By Application Type:
- Dairy Products
- Beverages
- Canned Food
- Ready Meals
- Fruits and Vegetables
- Others
By Distribution Channel:
- Online
- Offline
- Retail stores
- Supermarts
- Shopping Complexes
- Others
By Region
Global Food Tins and Drink Cans Market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers
Usefulness of tin and cans
Metals are one of the safest, environment-friendly, and economical forms of packaging because they hold the capacity to be recycled. Over the years, metal cans have undergone significant changes in terms of size, shape, weight, and coating to serve to the specific needs of consumers and food & beverage manufacturers and fulfill international food standards. Metal cans are mainly made of aluminum, steel, and various alloys of metals. The wide application of tins and cans for the preservation and packaging of growing processed food & beverages industry is projected to drive the market considerably across the globe.
Hygiene Factor
Hygiene factor in packaged food & beverage products are also relatable for the growth of the market. Food tins and drink cans offered in terms of shapes, sizes, and applications are all of food grade which is expected to drive the market growth. The recyclable property of metal cans, along with the convenience factor drives the market for food tins and drink cans market further.
Restraint
Environmental Pollution
However, growing environmental concern among consumers due to aluminum, iron extraction, and other metals could restrain the market growth. But this will not overshadow the positive factors of storing foodstuffs in metal containers and its widespread usage.
Top Featured Companies Dominating The Market
- CPMC Holdings Limited
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Crown Holdings, Inc.
- Ball Corporation
- Silgan Holdings Inc.
- Ardagh Group
- Kian Joo Group
- Alcoa Inc.
- Can-Pack
- Toyo Seikan Kaisha Ltd.
- Sonoco Products Co
- Other Prominent Players
