Press release
Growth In The Cosmetic And Personal Care Segment Will Augment The Global Filling Equipment Market In The Forecast Period Of 2022-2027
Filling Equipment Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
Historical Market Size (2020): USD 18.5 Billion
Forecast CAGR (2022-2027): 4.0%
Growth in the end user industry is significantly driving the filling equipment industry all across the globe. Global companies are continuously increasing their footprints in the untapped market which is creating opportunity in the emerging economies.
Growth in the demand of alcoholic as well as non-alcoholic beverages is among the major factor contributing to the market growth. Moreover, updation in the equipment to increase the efficiency and accuracy is also driving high-end filling equipment market.
In addition, the development of innovative liquid filling equipment that can enable the packaging of varying products to boost the cost-effectiveness of products is expected to fuel the industry growth.
Industry Definition
Filling equipment are machines that are used to fill bottles, pouches, and containers for the final packaging of products. They offer enhanced precision, speed and accuracy, to boost the production of products.
These equipment finds application in various industry including alcoholic and non-alcoholic beverages, syrups, vaccines, creams, shampoo, among others.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/filling-equipment-market
By Sales type, the market is segmented into:
New Machinery
Spare Parts
By Process type, the market can be segmented into:
Manual
Semi-Automatic
Automatic
Based on Product type, the market is segmented into:
Solid
Semi-solid
Liquid
On the basis of end user, the market is divided into:
Food and Beverage
Pharmaceutical
Personal care
Chemical
Others
The regional markets for the Global Filling Equipment Market can be separated into:
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Italy
Others
Asia Pacific
China
Japan
India
ASEAN
Australia
Other
Latin America
Brazil
Argentina
Mexico
Other
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others
Market Trends
Food and beverages, and personal care are among the top performing segments for the market however, a decline in growth is witnessed in 2020 due to COVID-19 pandemic in these segments.
The decline is set-off by the new investment in pharmaceutical manufacturing specially in the vaccine industry. After the COVID-19 pandemic, a significant growth in personal care and cosmetics products is witnessed globally.
The increasing demand for personalised cosmetics and personal care products owing to growing skin-consciousness is surging the adoption of filling equipment to streamline workflows, hence driving the industry growth.
Key Market Players
The major players in the market include Accutek Packaging Equipment Companies, Inc., JBT Corporation, Krones AG, Ronchi Mario S.p.A, Salzgitter AG, Tetra Laval Corporation, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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