North America Canned Food Packaging Market Size (2024 - 2029)

North America Canned Food Packaging Market Analysis

The North American Canned Food Packaging Market is expected to grow at a CAGR of 5.1% during the forecast period (2022-2027). In this region, canned food has become a part of many people's diets. The ever-changing lifestyles and consumers' preferences toward convenience foods have shown an upward trend in recent years. In addition, North America is the largest user and producer of metal can packaging. Metal containers play an essential role in preserving food without microbiological spoilage.

• Most food cans are made of steel, while beverage cans are made of aluminum. Sometimes, chromium and nickel can be used in place of steel, but the amounts would be minuscule to nil. Advancements in packaging technology, which aid in offering metal cans with improved functional and storage features, have also been a major factor triggering the growth in the North American canned food packaging market.
• Some of the major driving factors, like focus on high-quality products, changing lifestyles, and rising consumer spending power across America contribute to the market studied growth. Since packaging always plays a vital role in increasing the sales of products, recyclable and reusable properties of metal-based can make canned food cheaper. Moreover, the growing demand for packaged or processed food and the availability of various convenient food options such as ready-to-eat, ready-to-cook, ready-to-serve, and ready-to-heat is adding fuel to market growth.
• Moreover, canned food has many benefits, such as it requires less preparation time and is considered convenient to use, which has led to its popularity among working professionals. More than 160 million people are employed in North America, and due to the busy lifestyles of working people, canned food is expected even to gain more importance in the future. Also, the region's demand for sealed and tamper-proof steel container food is high, as they protect food from harmful bacteria. The process of canning helps preserve the quality of food products and prevent food spoilage, subsequently increasing their shelf life.
• However some of the major restraining factors can affect the region's canned food packaging market, such as the availability of alternative packaging solutions, the high cost of metals, the introduction of PET, and high-density polyethylene materials. In addition, metal cans cannot be used in the microwave to reheat food which is expected to limit the demand for canned food to a certain extent.
• An analysis of common canned foods by the non-profit Consumers Union found measurable levels of BPA in a wide range of items, including some bearing a "BPA Free" label. In a study, BPA had already been identified as an obesogen. These factors can hinder the growth of the studied market.
• The COVID-19 pandemic precipitated a substantial increase in demand for the Canned Fruit and Vegetable Processing industry in 2020. Social distancing and restaurant closures have created a catalyst for online canned food shopping and what food consumers prioritize. But, packaging manufacturers face supply chain disruption and low availability of raw materials like steel, aluminum, etc. As per United States Geological Survey, steel production in 2020 fell by 18%, from 87.8 to 72 million metric tons.

North America Canned Food Packaging Industry Segmentation

Canned food packaging plays a crucial role in preserving food against contamination and maintaining its hygiene value. Increasing consumption of pre-packaged foods is expected to drive the market's growth.

North America Canned Food Packaging Market is segmented by material (metal, steel, aluminum), product type (ready meals, meat, sea food), and country.