North America Food Cans Market Size (2024 - 2029)

The North America Food Cans Market is experiencing growth driven by the increasing demand for convenient packaged food products, which is influenced by changing lifestyles and the need for ready-to-eat meals. The market's expansion is supported by the widespread use of metal containers that preserve food and extend shelf life, making them popular among fast-food chains and restaurants. Additionally, the rising millennial population is contributing to the market's growth as they prefer canned foods for their convenience. However, the market faces challenges from bio-based plastics, which are gaining traction due to their eco-friendly properties and suitability for food packaging.

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Market Size of North America Food Cans Industry

North America Food Cans Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 9.10 Billion
Market Size (2029) USD 10.30 Billion
CAGR (2024 - 2029) 2.39 %
Market Concentration Low

Major Players

North America Food Cans Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

By Material Type
Aluminium Cans
Steel Cans
By Application
Ready Meals
Powder Products
Fish and Seafood
Fruits and Vegetables
Processed Food
Pet Food
Other Applications
By Country
United States
Canada
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North America Food Cans Market Size Summary

The North America food cans market is experiencing a steady growth trajectory, driven by the increasing consumer preference for convenience foods and ready-to-eat meals. This trend is largely attributed to the fast-paced lifestyles of individuals in the region, which has led to a higher demand for packaged food products that offer ease of use and longer shelf life. Metal containers, particularly steel and aluminum cans, play a crucial role in preserving food quality by preventing spoilage from external factors such as sunlight and air. The market is further bolstered by the rising acceptance of canned foods among the millennial population, who favor these products for their convenience and time-saving attributes. Additionally, the market is witnessing a shift towards sustainable packaging solutions, with a growing emphasis on recycling and eco-friendly materials, as consumers become more conscious of environmental impacts.

The competitive landscape of the North American food cans market is characterized by the presence of several key players who are actively engaging in collaborations, innovations, and strategic partnerships to enhance their market share. Companies like Crown Holdings, Ball Corporation, and Sonoco Products Company are at the forefront, driving advancements in packaging technology and sustainability initiatives. The market is also influenced by regulatory changes, such as tariffs on imported can-making metals, which could impact pricing and supply dynamics. Moreover, the industry's growth is supported by technological advancements and partnerships, such as those between United States Steel Corporation and Google Cloud, which aim to improve operational efficiencies. As the market evolves, the focus on customization, convenience, and sustainability is expected to shape the future of food cans in North America, aligning with changing consumer preferences and regulatory trends.

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North America Food Cans Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Impact of Ukraine-Russia Standoff on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Aluminium Cans

      2. 2.1.2 Steel Cans

    2. 2.2 By Application

      1. 2.2.1 Ready Meals

      2. 2.2.2 Powder Products

      3. 2.2.3 Fish and Seafood

      4. 2.2.4 Fruits and Vegetables

      5. 2.2.5 Processed Food

      6. 2.2.6 Pet Food

      7. 2.2.7 Other Applications

    3. 2.3 By Country

      1. 2.3.1 United States

      2. 2.3.2 Canada

North America Food Cans Market Size FAQs

The North America Food Cans Market size is expected to reach USD 9.10 billion in 2024 and grow at a CAGR of 2.39% to reach USD 10.30 billion by 2029.

In 2024, the North America Food Cans Market size is expected to reach USD 9.10 billion.

North America Food Cans Market Report Snapshots

North America Food Cans Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)