The new report by Expert Market Research titled, ‘Global Filling Equipment Market Report and Forecast 2023-2028, gives an in-depth analysis of the filling equipment, assessing the market based on its segments like sales type, process type, product type, end user, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 20.01 billion
- Forecast CAGR (2023-2028): 4%
- Forecast Market Size (2028): USD 25.42 billion
Growth in the end user industry is significantly driving the filling equipment industry all across the globe. Global companies are continuously increasing their footprints in the untapped market which is creating opportunity in the emerging economies. Growth in the demand of alcoholic as well as non-alcoholic beverages is among the major factor contributing to the market growth. Moreover, updation in the equipment to increase the efficiency and accuracy is also driving high-end filling equipment market. In addition, the development of innovative liquid filling equipment that can enable the packaging of varying products to boost the cost-effectiveness of products is expected to fuel the industry growth.
Industry Definition
Filling equipment are machines that are used to fill bottles, pouches, and containers for the final packaging of products. They offer enhanced precision, speed and accuracy, to boost the production of products. These equipment finds application in various industry including alcoholic and non-alcoholic beverages, syrups, vaccines, creams, shampoo, among others.
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By Sales type, the market is segmented into:
- New Machinery
- Spare Parts
By Process type, the market can be segmented into:
- Manual
- Semi-Automatic
- Automatic
Based on Product type, the market is segmented into:
- Solid
- Semi-solid
- Liquid
On the basis of end user, the market is divided into:
- Food and Beverage
- Pharmaceutical
- Personal care
- Chemical
- Others
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The regional markets for the Global Filling Equipment Market can be separated into:
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Other
- Latin America
- Brazil
- Argentina
- Mexico
- Other
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Market Trends
Food and beverages, and personal care are among the top performing segments for the market however, a decline in growth is witnessed in 2020 due to COVID-19 pandemic in these segments. The decline is set-off by the new investment in pharmaceutical manufacturing specially in the vaccine industry. After the COVID-19 pandemic, a significant growth in personal care and cosmetics products is witnessed globally. The increasing demand for personalised cosmetics and personal care products owing to growing skin-consciousness is surging the adoption of filling equipment to streamline workflows, hence driving the industry growth.
Key Market Players
The major players in the market include Accutek Packaging Equipment Companies, Inc., JBT Corporation, Krones AG, Ronchi Mario S.p.A, Salzgitter AG, Tetra Laval Corporation, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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