Pune, April 15, 2021 (GLOBE NEWSWIRE) — The global canned food packaging market is thriving, mainly due to the growing numbers of working populaces worldwide. Rising consumer preference is a key growth driver for the market. With schedules increasingly becoming hectic, working populations are inclining gradually more towards convenience foods. Convenient packaging solutions and longer shelf-life benefits that canned packaging offers impact the growth of the market positively.
Besides, the availability of a wide range of produces throughout the year is a significant factor driving the consumer preference for canned food packaging. Shared responsibility is important in the drive towards a sustainable, circular economy. The increasing demand for aluminum and steel as plastic packaging alternatives and the options available for manufacturers on the journey towards sustainability escalate the market growth to furthered height, providing growth opportunities for market players.
According to Market Research Future (MRFR), the global canned food packaging market is projected to grow at a 4.01% CAGR during the forecast period (2020–2027). Rising global economy is a major driving force behind the market increase. Additionally, coronavirus-led lockdowns boost the market demands, influencing consumers purchasing patterns. People are increasingly stocking canned vegetables, fruits, beverages, and other food products to enjoy home-cooked food benefits.