Europe Food Can Market

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

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

Europe Food Can Market Dynamics

Europe Food Can Market Driver

Lifestyle changes and Rising Consumer Disposable Income Driving Europe Food Can Market Growth

  • 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.

Europe Food Can Market Restraint

Rising Demand for Freshly Cooked Food to Hamper Market Growth

  • Rising demand for freshly cooked food in Europe is expected to act as a major restraint for the growth the market. Growing health consciousness in consumers for healthy food due to rising health concerns is expected to limit demand for canned food and in turn hamper europe food can market growth.
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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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