APAC Food Cans Market Size (2024 - 2029)

APAC Food Cans Market Analysis

The APAC Food Cans Market size is estimated at USD 6.39 billion in 2024, and is expected to reach USD 7.70 billion by 2028, growing at a CAGR of 3.70% during the forecast period (2024-2028).

Metal cans play a vital role in preserving food without microbiological spoilage. The cans are corrosion-resistant and have the extended shelf life of any package. Its advantages include stiffness, stability, and strong barrier qualities.

• One of the primary drivers of the market is an upsurge in demographic population, increased consumption of canned food to account for the busy and modern lifestyles, increasing demand for easily accessible and transportable food, the increased necessity to expand the shelf life of food, and an increasing number of pet owners demanding canned pet food.
• According to the International Monetary Fund, solid growth in emerging markets in Asia is anticipated to continue. According to the IMF, annual Gross Domestic Product (GDP) growth of 4.6% for emerging and developing Asia in 2022 will be increasing to 5% in 2023. By investing in research and development, boosting entrepreneurship, and strengthening digitalization, Asian countries can foster sustainable, long-term growth. Such growth in the economies would further leverage the canned food market as more individuals will be working and prefer ready meals.
• Consumer trends, such as a choice for small-size and multi-pack packaging formats, support the volume growth of aluminum cans, especially for the ready-to-eat food segment. Hence, most of the companies across the emerging regions offer mini-cans, which usually contain smaller volumes of products at less cost than traditional canned products. 
• For instance, food innovations in canned seafood in Southeast Asia are witnessing growth. As a seafood provider, Thai Union announced it would launch a plant-based canned tuna per the rising consumer demand.
• The presence of alternatives like plastic packaged food, which is cost-effective but has a lesser shelf life, restricts the market's growth. Despite not being durable, plastics are still gaining demand over glass and metals in terms of energy consumption, reliability, and sustainability. Also, the material is flexible and can be molded into any shape as required.

APAC Food Cans Industry Segmentation

Asia-Pacific food cans are among the best packaging options for the mobile lifestyle. Additionally, the affordability and recyclability of cans, the rising popularity of canned food, and the launch of new food products contribute to the market growth under study.

The Asia-Pacific food cans market is segmented by material type (aluminum cans and steel cans), by application (ready meals, powder products, fish and seafood, fruits and vegetables, processed food, pet food, and other applications), by country (China, India, Japan, South Korea, and Rest of Asia-Pacific). The market sizes and forecasts are provided in terms of value USD for all the above segments.