Europe Food Can Market

Europe Food Can Market Size, Share, Growth Analysis, By Product(Aluminum, Steel), By Application(Meat, vegetable) - Industry Forecast 2024-2031


Report ID: SQMIR15G2091 | Region: Regional | Published Date: February, 2024
Pages: 260 | Tables: 66 | Figures: 75

Europe Food Can Market Insights

Europe Food Can Market size was valued at USD 16.42 billion in 2019 and is poised to grow from USD 17.11 billion in 2023 to USD 28.08 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).

Rising demand for exotic fish and fish products due to changing lifestyle of consumers in Europe is expected to drive growth of Europe food can market. Increasing consumer dependency on packaged items such as meat and powdered products is expected to have a positive impact on the market growth over the projected period. The europe food can market is expected to benefit from the rising demand for organic, sustainable natural food products for pets in Europe.

Higher nutrient preservation has boosted demand for canned food in Europe. Growing emphasis on the production of new products with superior product dispensing characteristics is also boosting demand for food cans in Europe. Moreover, manufacturers are investing heavily for advancement in production technology to reduce raw material requirement and increase productivity.

Europe Food Can Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Europe Food Can Market size was valued at USD 16.42 billion in 2019 and is poised to grow from USD 17.11 billion in 2023 to USD 28.08 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).

Europe Food Can Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Ardagh Group', 'Crown Holdings, Inc.', 'Ball Corporation', 'CPMC Holdings Limited', 'Silgan Holdings Inc.', 'Toyo Seikan Group Holdings, Ltd.', 'Kian Joo Can Factory Berhad', 'CAN-PACK S.A.', 'Tata Steel Europe', 'Colep Portugal S.A.', 'Huber Packaging Group GmbH', 'Massilly Group', 'Nampak Ltd.', 'NCI Packaging', 'Rasselstein GmbH', 'Sonoco Products Company', 'Tetra Laval International S.A.', 'Visy Industries Holdings Pty Ltd.', 'Weidenhammer Packaging Group', 'William Say & Co. Ltd.'

The local market is expected to grow due to changing lifestyle and increasing disposal income of customers. Factors such as advancements in packaging technology combined with convenience factors related to canned food in terms of design and application are also expected to boost market growth.

Companies manufacture cans with unique design and attractive printing to drive attention of customer towards product which drives market growth.

Turkey is expected to dominate the europe food can market due to the growing F&B industry. Demand is expected to benefit from rapidly changing economic conditions, which will lead to an increase in consumer purchasing power.

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Europe Food Can Market

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