Million Insights
Market Research Released A New Research Report On Global Europe Food Can Market
- Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share
Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The
Market, Comprehensively Analyzing Their Core Competencies, And Drawing A
Competitive Landscape For The Market.
USA: November 4, 2019-
Europe Food Can 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.
To Get Sample Report
visit @ https://www.millioninsights.com/industry-reports/europe-food-can-market/request-sample
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.
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.
To Browse Complete
Report visit @ https://www.millioninsights.com/industry-reports/europe-food-can-market
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
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