Filling Machinery Market Forecast and CAGR
According to latest research by Fact.MR, filling machinerymarket is set to witness high growth during 2021-2031. Demand for filling machineryis anticipated to be rising, as of surging demand for packed food products, skin care and cosmetics and others. With the applications in wide variety of industries such as pharmaceutical industry, food & beverage industry, these machines are likely to gain traction over the forecast period. In addition the increasing emphasis of governments on the advancement of small and medium-sized businesses is projected to create potential growth opportunities for the filling equipment industry.
What are Demand Driving factors for Filling Machinery?
The increased demand for food and beverage industries and pharmaceutical products has prompted manufacturers to ramp up their production chains. As a result, there is a rise in demand for filling equipment that allows for fast filling of material while retaining volume and weight consistency in containers such as package, pack, pouch, and bottle.
Customers all over the world are shifting their tastes to goods that are readily accessible and come in limited quantities. Customers demand hygienic and high-quality goods that are transported, from personal care and cosmetics to food and beverages. This factor attribute to the untouched filling and packaging, which drives market for the filling machines.
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What are possible setbacks for Filling Machinery?
The high cost of filling equipment is expected to obstruct the development of the filling equipment industry. The high expense is mostly due to the nucleation of the devices using programmable logic controllers (PLC), input mechanisms, and the use of the software. Furthermore, some pharmaceuticals operate in a caustic atmosphere and need filling equipment that can sustain the corrosive nature, which makes this machinery more expensive.
Over the past few months, the industrial industry has undergone highs and lows due to a variety of factors including a trade dispute between the United States and China, nation-state protectionist policies, and the withdrawal of a few countries from inter-state trade deals. This has had an impact on the growth of the packaged food and beverage sector's import and export market. As a result, filling machinery continues to be a primary concern.
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Regional Filling Machinery Market Outlook
The United States is one of the prominent region for filling machineryin historical period. The US filling machinery market has grown significantly over the last few years, owing to the country's developed economy and position as a pioneer in the pharmaceutical industry. Demand is expected to remain strong for the near future as a range of end-use markets gradually recover from Covid pandemic.
However, the Asia Pacific region is expected to replace the North American region's market dominance over the forecast period. The filling machine market in this area is projected to expand due to rising demand for convenience foods along with an increasing population.
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How COVID-19 does impacted the Filling machinery market?
The COVID-19 has wrecked the global and regional economies, which impacted almost all industries and nations. The filling machines have experienced quite a less downfall with the uncertainties like halted manufacturing and processing of machines. Even though facing huge impact at the COVID-scenario, these unfavorable situations are likely to be temporary and will be damped over a certain period of time.
Although the filling machines have major downfall over the second quarter of year 2020, as of COVID lockdown, the demand immediately spiked at the third and fourth quarter. The growth of pharmaceutical industries over the pandemic time has propelled the demand for filling machines has escalated as of application of filling medicine, for instance demand for COVID vaccine is very high and production is less. This situation caused a demand and supply gap which made filling machines to escalate in growth. In addition growth in packed food industries like snacks, quick food and others has increased the demand.
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Who are the Key Manufacturers and Suppliers of Filling Machinery?
Some of the leading manufacturers and suppliers of filling machinery include
- Accutek Packaging Equipment Companies Inc.
- GEA Group
- Ronchi Mario
- Salzgitter AG (KHS Group)
- Tetra Laval International
- Barry-Wehmiller Companies Inc.
- Robert Bosch
- Syntegon Technology
Filling Machinery production is a fragmented industry with various competitors in Asia Pacific and North America. Existing industry leaders are attempting to expand their market share through creativity and the provision of multifunction equipment. The leading filling machine manufacturers are using innovative tactics to market products that are customized to the needs of their customers.
Filling Machinery Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Segmentation Analysis of Filling Machinery Market:
The global filling machinerymarket is bifurcated based on its operation type, applications, filling material, filling mechanism, filling quantity and geographic regions.
Based on Operation Type:
Based on Applications:
- Food products
- Personal Care
Based on Filling Material:
- Solid Filling
- Liquid Filling
- Powder Filling
Based on filling mechanism:
- Piston Filling
- Vacuum Filling
- Pump Filling
- Auger Filling
- Corrosive Filling
Based on Filling Quantity:
- Net Weight Filling
- Level Filling
- Tablet Counter
- Timed Filling
Based on geographic regions, Silicon Turners market is segmented as follows:
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Oceania
- Australia and New Zealand (ANZ)
- Rest of South Asia & Oceania
- Middle East and Africa
- GCC Countries
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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