Projected Expansion of Food Canning Industry to Achieve USD 31.2 Billion Valuation by 2034, Growing at a Compound Annual Growth Rate (CAGR) of 3.4%

Projected Expansion of Food Canning Industry to Achieve USD 31.2 Billion Valuation by 2034, Growing at a Compound Annual Growth Rate (CAGR) of 3.4%

In the ever-evolving world of packaging, the food cans market is seeing a surge in sustainable practices and innovations.

Ball Corporation, a leading player in the industry, is championing the infinitely recyclable nature of its food cans. The company has increased the use of its ReAl alloy, a material containing significantly more recycled content, in its products.

Meanwhile, the market is dominated by two-piece cans, accounting for a 67.3% share. These cans offer superior strength, dent resistance, and efficient manufacturing, making them a popular choice among producers. Additionally, they are lightweight and compatible with high-speed automated filling lines, further boosting their appeal.

The food cans market is projected to grow at a Compound Annual Growth Rate (CAGR) of 3.4% from 2025 to 2034, reaching a staggering USD 31.2 billion by 2034.

Fish and seafood lead the applications with a 24.6% share, with canning preserving nutrients, flavour, and freshness through high-heat sterilization. Steel, with a 56.8% share, is the dominant material used for packaging fruits, vegetables, soups, and pet food.

The market is seeing steady growth in regions like the Middle East & Africa and Latin America, supported by increasing packaged food adoption and improved supply chains.

In North America, which held a 45.9% share of the market in 2024, valued at USD 10.2 billion, Dell Monte Foods is committing to sustainable sourcing, aiming to make 100% of their plastic packaging reusable, recyclable, or compostable.

Europe trails North America in the global food cans market, driven by strict food safety standards and a focus on sustainable packaging. Ardagh Group has launched 'Infinite Loop' food cans in Europe, made with a minimum of recycled aluminum and designed to be infinitely recyclable.

Dole plc, known for its fresh produce, has the Dole Promise, which includes goals to eliminate processed sugar from all their products and move towards zero fossil-based packaging.

As the world urbanizes and consumer lifestyles evolve, the food cans market is likely to continue growing steadily. Companies investing in innovations for sustainable food can packaging include major food service providers like Compass Group, which focuses on reducing waste and emissions along the supply chain, indirectly supporting sustainable packaging efforts as part of holistic food waste strategies.

CAN-PACK S.A., a global player in the industry, has expanded its production footprint and focuses on value-added decorations and shapes for food cans, moving beyond standard cylinders to offer unique, shelf-differentiating designs for brand owners.

The Asia Pacific region, propelled by urbanization, rising incomes, and expanding retail networks, is a fast-growing market for the food cans market.

Innovations in materials, supply chains, and consumer preferences are reshaping the food cans market. Producers who adapt to these changes will be best positioned to benefit in the coming years.

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