Filling equipment market Size, Share, Growth Analysis, By Product(Aseptic, Rotary, Net Weight, Volumetric and Others), By Operation(Automatic, and Semi-automatic), By Application(Beverages, Food, Chemicals, Personal Care), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2188 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 93 | Figures: 68

Filling equipment market News

In December 2022, Sovda introduced its latest product, the Precision Fill Mini Coffee Bagging Machine. This machine enables users to fill four to ten bags per minute, depending on their preference, using the foot pedal that comes with it. The machine is also equipped with a touchscreen control panel that allows users to program it for the semi-automatic filling of multiple bags.

In November 2022, Krones, a renowned provider of packaging and filling solutions, acquired a majority stake of 80.5% in R+D Custom Automation LLC, a Wisconsin-based company that specializes in producing tools and equipment for container creation and filling in the pharmaceutical industry. R+D have over 40 years of experience as a full-service system integrator and manufacturer of specialized equipment for the life science sector.

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Filling Equipment Market size was valued at USD 8.88 billion in 2021 and is poised to grow from USD 9.16 billion in 2022 to USD 12.63 billion by 2030, growing at a CAGR of 4.1 % in the forecast period (2023-2030).

The competitive landscape of the filling equipment market. The competitive landscape drives manufacturers to opt for new filling machines and invest in product line development to expand their presence and achieve success in the industry. For instance, in April 2022, KHS introduced a modular PET filler platform. This innovative platform enables users to easily modify, adapt, and expand their filing requirements as needed, providing them with greater flexibility and efficiency in their operations. The development of such advanced filling solutions reflects the industry's constant drive for innovation and improvement to meet the evolving needs of customers and stay competitive in the market. 'Barry- Wehmiller Companies, Inc.', 'Ronchi Mario S.P.A.', 'KHS Group', 'Accutek Packaging Equipment Companies, Inc.', 'Gea Group Ag', 'Tetra Laval International S.A.', 'Krones Ag', 'JBT Corporation', 'Coesia S.P.A.', 'Robert Bosch GmbH', 'COMPASS INTERNATIONAL CORP. LTD.', 'Canadian Armour Ltd.'

The leading manufacturers in the filling machines market are embracing innovative approaches to cater to customer preferences. Customers worldwide are shifting towards easily available and small portion products. Whether it's personal care items, cosmetics, or food and beverages, there is a preference for hygienic and high-quality products that come in travel-friendly packaging and portion sizes. In response to this changing demand, many prominent packaging brands are diversifying their product portfolios by adjusting packaging formats to meet the needs of their diverse customer base.

Technological Advancements: Manufacturers are continuously investing in research and development to introduce advanced filling equipment with improved efficiency, accuracy, and automation capabilities. Integration of technologies like IoT, artificial intelligence, and robotics is becoming increasingly prevalent in filling machines.

As of 2022, Asia Pacific dominated the filling machines market with a revenue share of over 35.0%. The region's growth is fueled by technological innovations, industry 4.0 initiatives, green manufacturing practices, and other factors driving the expansion of the packaging industry. The rising middle-class population, increased purchasing power, a large number of young consumers preferring processed and packaged foods, growing health consciousness, and growing foreign investor interest in the region contributes to the industry's growth.

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Filling equipment market Size, Share, Growth Analysis, By Product(Aseptic, Rotary, Net Weight, Volumetric and Others), By Operation(Automatic, and Semi-automatic), By Application(Beverages, Food, Chemicals, Personal Care), By Region - Industry Forecast 2024-2031

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