Europe Food Can Market Penetration & Growth Prospect Mapping Till 2025 “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.� 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.
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