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Canned Food Packaging Market 2017: Market Growth, Emerging Opportunities and Trends

(Food-Beverage-News.Com, April 16, 2018 ) Packaging plays an important role in fulfilling the needs of the customers. To attract the customers and to preserve food, various packaging companies came up with different innovations. Metal cans are one of the most used types of food packaging which facilitate the distribution and storage of the food. Canned food or processed food is a good source of nutrients and protect the food from external conditions and provide hygienic food.

Metal packaging is a popularly used packaging type as it is convenient to use, easy to transport and safe to consume. The canned food thus is available in various sizes, shapes, and styles. Changing customer preference is a problem faced by the food manufacturers as it is unpredictable and thus constant innovation has to be made to attract them. While offering the advantages of a long shelf-life and low prices, canned food suffers from a poor consumer perception of its healthiness and taste quality.

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Recyclable and reusable properties of the cans, cheaper price of canned food, nutritional value and hygienic food process, demand for the packaged or processed food, and availability of various convenient food option such as ready to eat, ready to cook, ready to serve and ready to heat are the factors driving the Global canned food packaging market. Rising household income, increasing urbanization and growing demand for the milk-based products such as cheese and ice-cream are also driving the global market. However, availability of alternative packaging solutions, the high cost of metals, an introduction and high density of polyethylene terephthalate are major restraining factors affecting the global canned food packaging market.

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The Global Canned Food Packaging Market is segmented on the basis of Type of can, Material, Application and Distribution channel. Depending on types of can, the market is segmented into 3-piece welded food cans, 2-piece food cans and open top sanitary can. By raw material, the market is segmented into Aluminium packaging, Steel packaging, Tinplate packaging, Glass and Plastic. On the basis of application, the metal cans market is segmented into food & beverage applications. Beverage segment is growing at a highest rate in the canned food packaging market. Based on the beverages, the market is sub segmented into Alcoholic, CSD, Sports & Energy Drinks and based on the food type, the market is sub segmented into Fruits & Vegetables, Convenience Food, Pet Food, Meat & Seafood. Fruits & vegetables is most widely used sub-application of canned food packaging market. On the basis of the Distribution Channel, the market is segmented into Supermarkets and hypermarkets, Independent retailers, Convenience stores and Specialist retailers.

Regionally, the global canned food packaging market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America followed by the Europe owing to high consumption of canned food and presence of a large number of food industries dominate the market at the global level. Asia Pacific is growing at the fastest rate due to growing number of interested investors investing in the development of industries and increase in production and consumption capacity in these regions are expected to gain traction in the forecast period.

Key players dominating the canned food packaging market are Crown Holdings, Inc., Ball Corporation, Silgan Holdings Inc., Del Monte Foods, Inc., Can-Pack S.A., Ardagh Group, Amcor Limited and Anchor Glass Container Corporation.

Scope of the Report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.

Market Data Forecast.

Abhishek Shukla


Source: EmailWire.Com
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