Food Cans Market: Steel Cans Dubbed ‘Safest’; Europe Slated to Log ~US$2.5 billion Incremental Dollar Opportunity

Published on : Sep 26, 2019

Albany, New York, September 26, 2019: Fruits and vegetables which are grown to be canned are harvested from the field and canned in the facility in less than 5 hours, thereby preserving the integrity of the nutrients when they are at their peak at harvest time. There are several studies which reveal specific nutrients that are more bioavailable when consumed in canned form vis-à-vis fresh, including lycopene found in tomatoes and vitamin C found in peaches.

These insights are according to the intelligence report, titled, “Food Cans Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027,” which has been of late added to Market Research Hub’s (MRH) overarching repository.

Steel cans are dubbed ‘safest’ when it comes to food packaging as it is tamper resistant, strong and feature an airtight seal to safeguard against foodborne illness and contamination. Moreover, attributes such as cost-effective and durable have instilled confidence among stakeholders. Assessing a host of factors, market for food cans is set to expand at a CAGR of ~4% through 2027.

Amid global furor over the use of plastics, plastic cans will continue its dominance as manufacturers look to up their revenue and shift from BPA to BPS.

With a projected ~US$ 2.4 billion incremental dollar opportunity by 2027-end, Asia Pacific is set to hold ~18% global food cans market. Along with China and India, South East Asian countries, namely Malaysia and Vietnam are expected to provide lucrative opportunity to the players in food cans market. Meanwhile, although being a mature market, Europe is slated to account for ~US$ 2.5 billion incremental dollar opportunity during the forecast period. On the other hand, North America will potentially grow 1.4 times its current value through 2027 as traction towards canned food has soared in the recent past.

Food Cans Market: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the food cans market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the food cans market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on food cans.

An insightful and deep-dive assessment of the competitive assessment of the food cans market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the food cans market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Food Cans Market: Research Methodology

Primary sources and secondary sources propel intelligence report on food cans market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on food cans market further acknowledges secondary sources-namely-Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.

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