The Europe food can market size is expected to reach
USD 12.56 billion by 2025. Increasing demand for processed eatable products by
the consumers in the region is expected to drive the industry growth.
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The buyers in the market are major food processing
companies such as Westmill Foods and Nestle S.A., which lay high emphasis on
can quality and order high product volumes. In addition, the aforementioned
companies are also involved in extensive can design customization in accordance
with the product being packaged.
The industry for the product in the region is
expected to exhibit limited growth on account of increasing market maturity.
The economies in the region exhibit a high penetration of the metal packaging
in the processing industry, leading to a limited market growth. In addition, high
demand for plastic and paper-based packaging for food products is expected to
limit the growth.
The industry growth is restrained by the price
volatility of raw materials such as steel and aluminum sheets. The demand for
the product is expected to witness limited growth on account of severe
regulations enacted by the European Commission such as banning the use of BPA
in the cans that come in direct contact with eatable products.
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Further
key findings from the report suggest:
- Aluminum food can segment is expected to grow at a CAGR of over 2% by revenue, from 2016 to 2025 on account of superior properties offered by the products such as strength and better barrier protection
- Pet food is expected to emerge as the fastest growing application segment with a CAGR of over 2% by volume, from 2016 to 2025 driven by rising concerns of the pet owners towards the health and hygiene of the pets
- The demand for the product for packaging fish is estimated to account for over 17% of the market in Europe in 2015 due to consumption of ready to eat fish products for superior taste and additional nutrition
- The industry in the UK was estimated at over 12% of the European market due to high dependency of the consumers on packaged food products. In addition, initiatives undertaken by food processors in the economy for introduction of new products is expected to drive demand
- Key manufacturers in the industry are involved in extensive product customizations and operate high production capacities to serve the needs of major consumers Mergers & acquisitions serve as major growth strategies for the manufacturers
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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