North America Food Cans Market Size (2024 - 2029)

North America Food Cans Market Analysis

The North America Food Cans Market size is estimated at USD 9.10 billion in 2024, and is expected to reach USD 10.30 billion by 2029, growing at a CAGR of 2.39% during the forecast period (2024-2029).

In this region, canned food has become a part of many individuals' diets. The ever-changing lifestyles and consumers' choices toward convenience foods have shown a rising trend in the past few years. North America is an extensive user and producer of food cans. Metal containers play a vital role in preserving food without microbiological spoilage.

• The market is mainly driven by the increasing consumption of various packaged food products that are convenient to use or consume. Due to the accelerated pace of life and the increase in the workforce, the consumption of ready meals has increased. This directly drives the growth of the market.
• Food cans preserve the food and prolong shelf life, preventing spoilage due to external factors such as sunlight and air. Many fast-food chains and restaurants widely use canned food products due to their cooking convenience. 
• They also remain free from contamination and spoilage for a longer period. Also, the rise of the millennial population and its wide acceptance has led them to opt for canned foods as they are easier to cook and save preparation time.
• Moreover, in August 2023, the government of the United States announced new tariffs on can-making metal imported from China, Germany, and Canada. This move, food companies state, could lead to higher prices for some canned foods. Chinese products would be subject to the highest tariffs of the three countries, a levy of 122.52% of their import value.
• The industry is also facing challenges with bio-based plastics, as they are widely utilized across various applications, including food packaging, owing to higher availability of resources, enhanced thermal resistance, higher flexibility and toughness, and other similar properties. The region's biodegradable plastics market is anticipated to rise, particularly during the forecast period, due to the growing demand for bio-based packaging in the food sector. Bio bags and bio-based plastics have higher tensile strength, are eco-friendly, and are convenient compared to conventional plastics.

North America Food Cans Industry Segmentation

Food cans are one of the popular packaging options for the mobile lifestyle. These can be carried or transported easily to outdoor sporting events, festivals, and more, whereas glass is typically forbidden because of its breakability. 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 North America 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 (United States and Canada). The market sizes and forecasts are provided in terms of value USD for all the above segments.