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Filling Equipment Market Growth, Analysis & Forecast, 2020–2027 | Key Segments, Benefits and Opportunities
Filling Equipment Market
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The global filling equipment market size is expected to reach $23,499.4 million in 2027, from $17,820.5 million in 2019, growing at a CAGR of 3.9% from 2020 to 2027.
Growth in demand for fast moving consumer goods (FMCG) and pharmaceutical products have led the manufacturing companies to increase the speed of their lines. Hence, there is an increase in demand for the filling equipment, which enables rapid filling of the material while maintaining the accuracy of volume and weight in the containers such as box, bag, pouch, and bottle. Therefore growing need for increased production output is expected to drive the growth of the market.
However, the high cost of filling equipment is anticipated to impede the filling equipment market growth. The high cost is mainly due to atomization of the equipment using programmable logic controller (PLC), feedback systems, and use of software increases the cost. Further, some of the food and beverages require aseptic filling equipment that is expensive. However, growing focus of governments on development of small and medium enterprises is expected to provide the filling equipment market opportunity to grow in future.
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Scope of The Report
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
Competition Analysis
The filling equipment market analysis by profiles of the major players, such as 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 and Tetra Laval International S.A. are provided in this report.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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