Filling equipment market

Filling Equipment Market Size, Share, Growth Analysis, By Equipment Type (Aseptic Fillers, Rotary Fillers), By Mode of Operation (Automatic, Semi-automatic), By Application (Cosmetic, Chemical), By Packaging Type (Pouches, Cups), By Region - Industry Forecast 2024-2031


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

Filling equipment market Insights

Global Filling Equipment Market size was valued at USD 9.16 billion in 2022 and is poised to grow from USD 9.54 billion in 2023 to USD 13.15 billion by 2031, growing at a CAGR of 4.1% during the forecast period (2024-2031). 

The filling machines market holds significant importance within the packaging equipment industry, driven by various factors, including consumer preference for processed and packaged goods, rising income levels, population growth, urbanization, and increasing awareness about healthy lifestyles. However, the outbreak of the Covid-19 pandemic in 2020 had a profound global economic impact, leading to challenges for filling machine manufacturers, resulting in production and sales slowdowns due to lockdowns and suspensions.

In North America, particularly the U.S., the filling machines market is substantial, benefiting from a large market share. The U.S. food and beverage sectors are advantageous due to numerous market participants, government support, and widespread adoption of industrial automation. Technological support, such as robotics, efficient production output, technical assistance, and reduced human involvement, are key factors encouraging companies to adopt advanced technologies for their operations. To ensure compliance with strict government regulations governing the beverage, food, and related industries, machine manufacturers must prioritize standardization for maintaining appropriate levels of sanitation and product quality.

US Filling equipment market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Filling Equipment Market size was valued at USD 9.16 billion in 2022 and is poised to grow from USD 9.54 billion in 2023 to USD 13.15 billion by 2031, growing at a CAGR of 4.1% during the forecast period (2024-2031). 

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 global 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. 'Tetra Pak International SA (Tetra Laval Group) ', 'JBT Corporation ', 'Krones AG ', 'Barry-Wehmiller Companies Inc. ', 'Ronchi Mario SPA ', 'Coesia Group ', 'Sidel Group (Tetra Laval Group) ', 'GEA Group ', 'Syntegon Technology ', 'KHS ', 'Serac Group ', 'ProMach Inc. ', 'IMA Group ', 'Filling Equipment Co. Inc. ', 'Accutek Packaging Equipment Companies, Inc. ', 'Adelphi Group ', 'APACKS ', 'All-Fill Inc. ', 'Viking Masek Global Packaging Technologies ', 'Liquid Packaging Solutions, Inc. '

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

Report ID: SQMIG20I2188

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