Filling Equipment Market is Expected to Reach $23,499.4 Million by 2027

According to a recent report published by Allied Market Research, titled, “Filling Equipment Market by Sales Type, Process Type, Product Type and End-user Type: Opportunity Analysis and Industry Forecast, 2020–2027,” the global filling equipment market size accounted for $17.8 billion in 2019 and is expected to reach $23.5 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027. In 2019, Asia-Pacific dominated the global market, in terms of revenue, accounting about 35.6% share of the global filling equipment industry, followed by Europe, North America and LAMEA.

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There is growing demand for packaged food mainly because of the rising busy lifestyle. Further, easy availability of packaged food is also boosting the sales of packaged food. Hence, the rise in packaged food market will drive the filling equipment market growth. Moreover, the fast moving consumer goods (FMCG) industry is witnessing rapid growth and forming an integral part of the economy. For example, FMCG is among the top 5 largest sectors in the Indian economy.

Further, many major players such as Krones AG, Salzgitter AG (KHS Group) and others, have planned to invest millions of dollars in the expansion projects that are to be carried out during the forecast period to diversify the product portfolio and offer better service to the customers.

Thus, rise in use of FMCG products and pharmaceutical products has led to increase in production capacity, which eventually increases the sales of new filling equipment and also increases the need of spare parts due to corrosion of the equipment. For instance, Unilever is opening a new plant in Dubai that will be producing beauty and personal care products. The company has planned to invest $250-$300 million for a 100,000 square meter plant. Thus, such expansions will help in the filling equipment market growth during the forecast period

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Key Market Segments

By Sales Type

New Machinery
Spare Parts

By Process Type

Manual
Semi-automatic
Automatic
Rotary feeding system
Straight line feeding system

By Product Type

Solid
Semi-solid
Liquid

By End-user Industry

Food
Beverage
Pharmaceutical
Personal Care
Chemical
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

Key Players

Accutek Packaging Equipment Companies, Inc.
Coesia S.p.A
GEA Group Aktiengesellschaft
JBT
Krones AG
Ronchi Mario S.p.A
Salzgitter AG (KHS Group)
Scholle IPN
Syntegon Technology GmbH
Tetra Laval International S.A.

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