 |
UK food can market revenue, by application,
2014 - 2025 (USD Million)
The Europe food can market size is expected to reach USD 12.56
billion by 2025, according to a new report by Grand View Research, Inc.
Increasing demand for processed eatable products by the consumers in the region
is expected to drive the industry growth.
The buyers in the market are major food processing
companies such as Westmill Foods and Nestlé 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.
Full Research Report On Europe food can market Analysis:
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
View
More Reports Of This Category By Grand View Research At:
https://www.grandviewresearch.com/industry/food-safety-and-processing
Grand View Research has segmented the Europe food can
market on the basis of product, application, and country:
Europe
Food Can Market Product Outlook (Volume, Million Units; Revenue, USD
Million, 2014 - 2025)
·
Aluminum
·
Steel
Europe
Food Can Market Application Outlook (Volume, Million Units; Revenue, USD
Million, 2014 - 2025)
·
Meat
·
Ready Meals
·
Vegetables
·
Fish
·
Fruits
·
Powder Products
·
Pet Food
·
Others
Europe
Food Can Market Regional Outlook (Volume, Million Units; Revenue, USD Million,
2014 - 2025)
·
Germany
·
UK
·
France
·
Italy
·
Spain
·
Netherlands
·
Russia
·
Turkey
·
Rest of Europe
Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/europe-food-can-market-analysis
https://www.grandviewresearch.com/press-release/europe-food-can-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For
more information: https://www.grandviewresearch.com/
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