The new report by Expert Market Research titled, ‘Global Filling Equipment Market Growth, Share, Size, Trends, Analysis, 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.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 18.5 Billion
- Forecast CAGR (2023-2028): 4%
- Forecast Market Size (2026): USD 23.5 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.
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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.
Filling Equipment Industry Definition and Major Segments
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:
Based on Product type, the market is segmented into:
On the basis of end user, the market is divided into:
- Food and Beverage
- Personal care
The regional markets for the Global Filling Equipment Market can be separated into:
- North America
- United States of America
- United Kingdom
- Asia Pacific
- Latin America
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
Filling Equipment 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.
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