Latest Research Report on Europe
Food Can Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Europe Food
Can prepare a case for investments in different regions based on a practical
view of their regulatory outline, manufacturing dynamics, and availability of
skills and resources in that region.
Europe Food Can Market
Report by Material, Application, and Geography – Global Forecast to 2024 is a
professional and in-depth research report on the world’s major regional Europe
Food Can Market conditions, focusing on the main regions (North America, Europe
and Asia-Pacific) and the main countries (United States, Germany, united
Kingdom, Japan, South Korea and China).
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Report Now @ https://www.millioninsights.com/industry-reports/europe-food-can-market/request-sample
Industry Insights
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.
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.
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.
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.
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.
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