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Composite Cans Machine Market - Positive Outlook for Industry Opportunities & Trends
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Composite cans are considered to provide barrier properties against moisture, odor and light which further enhances the self-life of the packaged product. Hence, this has encouraged the packaging equipment manufacturers to move into composite cans machine market as the composite cans are easy to open, carry and reseal after use. Among the geographies, Asia Pacific region is likely to dominate the global packaging machinery market with almost 40% of market share and further expected to expand with the highest CAGR over the forecast period.
One of the major contributing factors for this, is growth in demand of cans packaging in various applications such as food, pharmaceutical & healthcare, consumer goods, among others, especially in emerging economies, due to shift in consumer preferences towards convenience and aesthetic Packaging. With more number of new regional / global players entering in the market coupled with strategy of production capacity expansion by existing market players is likely to drive composite cans machines market.
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Some key players that currently operate in composite cans machine market across the globe are Grabher INDOSA Maschinenbau AG., MODU System America LLC., Gebrüder Leonhardt GmbH & Co. KG Blema Kircheis., Cask Brewing Systems Inc., Shin-I Machinery Works Co., Ltd., Wild Goose Canning Systems, HOR YANG Machinery., Dixie Canner Co., Alpha Brewing Operations., Sodaltech Edge Protector Making Machinery, Lottey Engineering Works, and many more.
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