Europe FoodCan Market was valued at $10.17 billion in 2015 and is expected to continue with the growing streak due to soaring demand for packaged food. The need of superior packaging alternative can act as a driver this market over a given period. Frequent changes in the price of raw material can act as a barrier in industry growth.
The
canned fish products will be in demand because of lifestyle of the consumers in
European economics. It is forecasted that that demand for exotic fish and fish
products will eventually go up. Spain and Italy are two economies that have
high imports of large scale production of canned fish products.
In
Europe UK is important market for food can and it will increase at a
significant rate observing the consumer demand for packaged products. The
dependency of consumer on meat and powdered products packages will have a
positive impact on the industry growth.
This
market segment will benefit from demand for sustainable natural food and
organic food product for their pets. Higher nutrient preservation by such
packaging will act as driver for metal packaging for pet food.
The
technological advancement has to be considered for the production of new
products with superior product dispensing characteristics and increased
aesthetic appeal. Another important driver can be higher convenience level with
metal packaging.
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The
market in Europe is characterized by product innovations and production
technologies. In addition, the need for increase in the profit margins of can
manufacturers promotes investment in the advancement of production technology
to reduce raw material requirement and increase production efficiency.
Product Insights
Over
a period from 2016 to 2025, Aluminium food cans are expected to register growth
at CAGR of over 2% in comparison with Steel cans. Also they are light in weight
and has superior strength. In addition, ease of printing on the product coupled
with easier can design modifications is expected to emerge as the major growth
drivers.
In
European market Steel food cans has a significant market share due to its
properties like recyclability and excellent temper resistance. Increase in
packaging of single serve meals and edible products can act as driver for high
volume demands of Steel cans. However, it is expected to witness limited demand
because of Aluminium cans.
Application Insights
The
use of the product for packaging fruits is expected to account for over 25% of
the revenue in Europe driven by a high production volume of canned fruits in
Russia. The demand for the product by the consumers across the region is
expected to be driven by the use in salads and fruit puddings.
Consumption
of corned meat has lead to expansion in meat can industry in Europe. Major food
cans manufacturer such as Crown holding in france has expanded its business
that has lead to growth in segment in the region.
Period
from 2016-2025 will notice a growth at a rate of CAGR of over 1% by revenue for
ready meals and reason for it is natural likings of consumers from Germany and
Russia. Rising demand for fresh cooked food can be a restraint for its growth.
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Country Insights
Over
a given time period CAGR of over 3% by revenue is a expected market growth in
Turkey which makes it a key market for the product. . The demand is expected to
benefit from the rapidly changing economic conditions leading to an increase in
consumer changing power.
Germany
on the other hand accounted over 8% of volume share in Europe by consumption of
meat and fish products in the region. Change in consumer preference towards
adoption of fresh products has affected a growth by small margin in the region
Competitive Insights
The
industry exhibits the presence of a number of large players operating their
businesses through high production capacities and an extensive distribution
network. The manufacturers in the region lay high emphasis on the research
& development for the production of advanced cans to attract the consumers.
The
manufacturers provide empty cans to the food processing companies that fill the
product either through self-owned filling locations or through third party
filling companies. The advantages of a third party filling include the cost
reduction in the operations and setting up of the filling channels by the
processing companies.
This
report forecasts revenue and volume growth at country levels and provides an
analysis on the industry trends in each of the sub-segments from 2014 to
2025.
Market Segment:
Product
Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
• Aluminum
• Steel
Application
Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
• Meat
• Ready Meals
• Vegetables
• Fish
• Fruits
• Powder Products
• Pet Food
• Others
Regional
Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Netherlands
• Russia
• Turkey
• Rest of Europe
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