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Composite Cans Machine Market - Positive Outlook for Industry Opportunities & Trends

09-17-2018 10:18 AM CET | Associations & Organizations

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Composite Cans Machine Market - Positive Outlook for Industry

Growing inclination among the food, chemical & cosmetics industries to store or deliver its products in an enclosed sterilized container has led to drive the demand of cans packaging. Over the years, cylindrical shape containers such as composite cans which are made from several layers of paper & paperboards as well as aluminum sheets have grown as a cost effective packaging solution and also lays less environmental impact by substituting plastic pouches and plastic cans.

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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.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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