A detailed study on Canning Machine market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Canning Machine market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Canning Machine in the coming 10-years.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Canning Machine
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Canning Machine market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Canning Machine Market Takeaways and Projections
- The U.S. is expected to lead the North America Canning Machine market, projecting the fastest growth in the region between 2022-2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Canning Machine market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Canning Machine market. Some of the major players who are identified across the globe are Cask Brewing Systems Inc., Wild Goose Canning Systems, Dixie Canner Co., Palmer-Tech Services, Inc., Enterprise Tondelli, Vigo Ltd, HOR YANG Machinery and Alpha Brewing Operations.
Canning Machine Market: Market Segmentation
Canning packaging can be segmented on the basis of systems, production capacity, end use industries, and region.
On the basis of systems, canning machine market can be segmented into manual systems, semi- automated systems, automated systems. On the basis of production capacity canning machine market can be segmented into less than 50 CPM, 50-100 CPM, 100-200 CPM, 200-500 CPM, above 500 CPM.
On the basis of end use industries canning machine market can be segmented into food and beverages, pharmaceutical, petrochemical, agriculture, etc.
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