Latin America Canned Food Packaging Market

Latin America Canned Food Packaging Market Size (2024 to 2032)

Latin America Canned Food Packaging Market Size was worth USD 2.46 billion in 2024 and estimated to be growing at a CAGR of 5.15%, to reach USD 3.67 billion by 2032.

Packaging plays an important role in fulfilling the needs of the customers. To attract the customers and to preserve food, various packaging companies came up with different innovations. Metal cans are one of the most used types of food packaging which facilitate the distribution and storage of the food. Canned food or processed food is a good source of nutrients and protect the food from external conditions and provide hygienic food.

Metal packaging is a popularly used packaging type as it is convenient to use, easy to transport and safe to consume. The canned food thus is available in various sizes, shapes, and styles. Changing customer preference is a problem faced by the food manufacturers as it is unpredictable and thus constant innovation has to be made to attract them. While offering the advantages of a long shelf-life and low prices, canned food suffers from a poor consumer perception of its healthiness and taste quality.

Market Drivers 

Recyclable and reusable properties of the cans, cheaper price of canned food, nutritional value and hygienic food process, demand for the packaged or processed food, and availability of various convenient food option such as ready to eat, ready to cook, ready to serve and ready to heat are the factors driving the Latin America canned food packaging market. Rising household income, increasing urbanization and growing demand for the milk-based products such as cheese and ice-cream are also driving the market.

Market Restraints

However, availability of alternative packaging solutions, the high cost of metals, an introduction and high density of polyethylene terephthalate are major restraining factors affecting the Latin America canned food packaging market.

Segmental Analysis

Latin America Canned Food Packaging Market By Type of can

• 3-piece welded food cans
• 2-piece food cans
• Open top sanitary can

Latin America Canned Food Packaging Market By Material

• Aluminium packaging
• Steel packaging
• Tinplate packaging
• Glass
• Plastic

Latin America Canned Food Packaging Market By Application

•  Food 
  • Fruits & Vegetables
  • Convenience Food
  • Pet Food
  • Meat & Seafood

Fruits & vegetables is most widely used sub-application of canned food packaging market.

• Beverage
  • Alcoholic
  • CSD
  • Sports & Energy Drinks

Beverage segment is growing at a highest rate in the canned food packaging market.

Latin America Canned Food Packaging Market By Distribution channel

•  Supermarkets and hypermarkets
• Independent retailers
• Convenience stores
• Specialist retailers

Latin America Canned Food Packaging Market By Region 

• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America

The huge rise in spending in the Food & Beverage division has increased the demand for Canned food packaging.

Key Players in the Market

Major Key Players in the Latin America Canned Food Packaging Market are Crown Holdings, Inc, Ball Corporation, Silgan Holdings Inc, Del Monte Foods, Inc, Can-Pack S.A, Ardagh Group, Amcor Limited, and Anchor Glass Container Corporation