USD 1.67 billion
Report ID:
SQMIR20I2262 |
Region:
Regional |
Published Date: March, 2024
Pages:
202
|Tables:
89
|Figures:
76
North America Food & Beverage Filling & Capping Machines Market size was valued at around USD 1.67 billion in 2021 and is poised to grow from USD 1.76 billion in 2022 to USD 2.62 billion by 2030, at a CAGR of 5.3% over the forecast period (2022–2030).
An increase in disposable income and a rise in the number of young people in North America with high buying power are predicted to be the two main factors driving the food and beverage industry. Over the length of the anticipated time, this is anticipated to lead to an increase in demand for filling and capping machines.
The growth of food and beverage filling and capping machines used in the food and beverage industry in the U.S. is largely due to the rising demand for processed foods and beverages, rising immigration, technological advancement in packaging equipment, a supportive political environment, good infrastructure, and high-tech machinery.
The processing and packaging industries are benefiting from changing food preferences brought on by the increasing urban populace. The demand for food and beverage filling and capping machines is also anticipated to increase during the forecast period as a result of the increasing population and rising food demand.
In addition to the rising demand for nutrition-focused products like shakes, bars, powder, and others as well as the rising awareness of healthy drinks, the United States' rising consumption of alcoholic and non-alcoholic beverages is anticipated to fuel the beverage industry. The market for food & beverage filling & capping machines is expected to benefit from the expanding end-use application market for beverages.
North America Food & Beverage Filling & Capping Machines Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.67 billion
Largest Segment
Automatic
Fastest Growth
Automatic
Growth Rate
5.3% CAGR
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North America Food & Beverage Filling & Capping Machines Market is segmented based on equipment, type, end-use and region. Based on equipment the North America Food & Beverage Filling & Capping Machines Market is segmented into filling (aseptic, rotary, net weight, volumetric), capping. Based on type the North America Food & Beverage Filling & Capping Machines Market is segmented into automatic, semi-automatic and manual. Based on end-use the market is segmented into beverages, (alcoholic beverages, dairy & dairy alternatives, water, juices & soft drinks) and food. Based on region the North America Food & Beverage Filling & Capping Machines Market is segmented into northeast, midwest, west, and southwest.
North America Food & Beverage Filling & Capping Machines Market Analysis by Equipment
The industry's 5.5% CAGR was primarily driven by filling tools. Because of its straightforward setup and ability to clean up after itself, the filling machine is perfect for producing in large amounts. The output of processing processes and filling accuracy are both increased by automatic filling equipment.
The goods are protected from contamination by pathogens and other elements thanks to aseptic filling technology. Due to its flexibility and reduced waste and product loss compared to a manual procedure, aseptic filling is becoming more and more in demand. Applications for aseptic filling equipment include filling milk, juice, and other foods and liquids.
North America Food & Beverage Filling & Capping Machines Market Analysis by Type
In 2021, the automatic segment generated 48.7% of the total income. Due to its higher production rates, dependability & consistency, adaptability, reduced operator interaction, and simple controls, the automatic segment is expected to dominate the market.
The user can set a timer and alter how long it takes to fill the jugs using automatic filling equipment. Additionally, this equipment ensures that each cap is sanitary and that the product is free of contamination. Additionally, it releases the user from tedious work. During the forecast period, the aforementioned factors are anticipated to drive market demand.
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In 2021, the U.S. made for 70.1% of global revenue. The area has a supportive political environment, good infrastructure, and high-tech equipment, all of which are expected to spur the growth of the packaging sector and, in turn, increase demand in the food and beverage sector. Due to the presence of numerous players, opportunities made possible by government policies, and industrial automation, the food and beverage business is thriving in the U.S. Food preferences have changed as a result of the expanding urban populace, favoring the processing and packaging sector. During the forecast period, this is anticipated to have a favorable effect on this sector.
The country of Canada has an aging population and aging infrastructure, which may encourage business owners to update their food processing machinery with the help of new and cutting-edge technology. In turn, it is predicted that in the upcoming years, demand for these goods in Canada will rise.
Both the food and beverage and the food manufacturing industries are developed in Mexico. During the forecast period, it is anticipated that the sales of these products will increase due to the increasing population and rising food demand.
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North America Food & Beverage Filling & Capping Machines Market Drivers
Rise of Packed Food to Bolster Market Growth
North America Food & Beverage Filling & Capping Machines Market Restraints
High Machine Cost to Hinder Market Growth
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To increase market penetration and meet the changing technological demands from various end-use applications, such as beverages (alcoholic beverages, dairy products, dairy alternatives, water, juices, and soft drinks), and food, the manufacturers employ a variety of strategies, such as acquisitions, mergers, joint ventures, new product developments, and geographic expansions.
In order to streamline their automated and semi-automated production process in response to the COVID-19 outbreak, makers of food and beverage filling and capping machines have strengthened their online marketplaces. For instance, GEA introduced a digital service portal in January 2022 for users of its filling line. The data analysis application will streamline ordering and planning while enhancing uptime and productivity.
North America Food & Beverage Filling & Capping Machines Market Top Player’s Company Profiles
North America Food & Beverage Filling & Capping Machines Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the North America Food & Beverage Filling & Capping Machines market is an increase in disposable income and a rise in the number of young people in North America with high buying power are predicted to be the two main factors driving the food and beverage industry. Over the length of the anticipated time, this is anticipated to lead to an increase in demand for filling and capping machines. The high cost of filling and capping machines is a major restraint for the market growth. Small and medium-sized enterprises find it difficult to invest in such machines, thereby limiting the growth of the market. Customers are increasingly looking for customized solutions that meet their specific needs. Filling and capping machine manufacturers are responding to this trend by offering a wide range of customizable options.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 1.67 billion |
Market size value in 2030 | USD 2.62 billion |
Growth Rate | 5.3% |
Base year | 2023 |
Forecast period | 2022–2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the North America Food & Beverage Filling & Capping Machines Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the North America Food & Beverage Filling & Capping Machines Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the North America Food & Beverage Filling & Capping Machines Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Report ID: SQMIR20I2262
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