Australia Food Cans Market Size (2024 - 2029)

Australia Food Cans Market Analysis

The Australia Food Cans Market size is estimated at USD 389.90 million in 2024, and is expected to reach USD 454 million by 2029, growing at a CAGR of 3.09% during the forecast period (2024-2029).

An increased focus on convenience and easy consumption has backed Australia's canned food market. Being readily available year-round makes canned food very convenient for Australian consumers. The innovations in packaging techniques to improve products' shelf life and retail infrastructure might also have pushed the top line.

• According to the Australian Government Report, Australians waste about 7.6 million tons of food in the food supply chain every year, which is 312 kg of food waste per person and about USD 2,500 worth of food waste per household each year. As canned food can ensure a longer shelf-life of the product, this might be a preferred choice for food packaging to reduce food waste in Australia.
• The Canned Food Information Service Inc. (CFIS) promoted Australian food packaged in steel cans. It focused on generating more purchases by ensuring that Australian canned food remains a common ingredient in meals rather than an occasional or standby food. These actions also influenced canning companies to become more responsible for their choice of future packaging direction to create a climate of greater confidence in the future of metal food.
• Growing environmental concerns worldwide have increased awareness about the type of packaging materials utilized. High energy consumption of packaging manufacturing is one of the factors pushing recycling. 
• Diminished natural reserves, global warming, and the impact of plastics on the environment are the key trends influencing consumer demand. Recycling aluminum can significantly reduce operating costs. For example, using recycled aluminum to produce new aluminum can result in 95% energy savings.
• However, the packaging of metal cans faces much competition from other packaging solutions as alternatives such as plastic, paper, or glass packaging solutions are available widely. Plastic packaging continues to be the main competitor of metal packaging. The food and beverage industry, which is the primary user of metal cans, started adopting recyclable plastic packaging solutions. Plastic cans are transparent, which helps brands to show their food's quality. Moreover, incremental enhancements in plastic packaging are posing a threat to the market.

Australia Food Cans Industry Segmentation

The study on Australian food cans tracks the market in terms of market value (USD) for the demand for food cans offered by various vendors operating in the market. The market has been tracked from the consumption aspect, which packaging companies integrate with clients for revenue. This report analyzes the factors, such as the drivers and challenges in the market studied, based on the prevalent base scenarios, key themes, and application-related demand cycles.

The report comprehensively analyzes the market segmented by different material types and can types. The estimates for the Australian food can market include all the costs associated with the metal can manufacturing, starting from the raw material procurement till it reaches the end user. It includes the cost of material used, the cost of other associated products such as inks and adhesives, closures, and the cost of related services like finishing, printing, labeling and marking, packing, and transporting. The estimates exclude the cost of the content that is or is to be packed inside the food can. Market numbers have been arrived at using both bottom-up and top-down approaches for segmentation, and volume has also been taken into consideration.

The Australian food cans market is segmented by material type (steel/tin, aluminum), by can type (2-piece, 3-piece), and by application (fish and seafood, fruits and vegetables, processed food, pet food - including dog food, and other applications). The report offers market forecasts and size in value (USD) for all the above segments.