Automatic Filling Machine Market expanding at a CAGR of 4.6% by the year 2032

The market for automatic filling machines is anticipated to reach a value of US$ 6,619.1 million in 2022 and grow at a moderate CAGR of 4.6% over the same period. By 2032, the market is anticipated to increase to a value of US$10,378.0 million. According to Future Market Insights' analysis, the historical CAGR was 2.6%.

Automatic filling machines, which are tools used to fill holding containers like pouches, bags, bottles, and boxes with solid, semi-solid, and liquid product forms, are gaining significant traction on the market.

Over the past few years, it has been determined that the packaging industry has experienced explosive growth. In the midst of this growth, manufacturers are replacing semi-automatic filling machines with more versatile packaging that is catching the attention of customers looking for cutting-edge machinery. As a result, it is anticipated that the market for automatic filling machines will grow significantly over the upcoming years.

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Competitive Landscape

Biggies Revolutionizing the Automatic Filling Machine Market

The market for filling machines has seen new innovations as a result of the preference for automatic filling equipment. The filling machines market players still have important issues that need to be addressed, including high productivity and improved process quality. They are engaging in mergers and acquisitions and putting strategies into place to support this product's market growth.

Strategy 1: Global Expansion Strategy

The major Asian economies, which are a hub of business opportunities for those involved in the filling machines market, are where the manufacturers are growing their operations. Germany offers both technological advancement and top-notch packaging solutions. Filling machine suppliers like SIG are thinking about working with customers in the Asia Pacific to expand their supply base.

Strategy 2: Development and Procurement of Enhanced Automatic Filling Machines

Manufacturers of filling machines have focused their efforts on product differentiation and portfolio expansion. Since numerous manufacturers compete in the filling machine market, it is still important to focus on providing customers with better products. Additionally, manufacturers continue to focus on the shifting packaging landscape and the trends reshaping the packaging sector.

Recent Developments

Some of the recent developments are:

In December 2017, GEA launched an aseptic filling machine called Fillstar CX EVO. This multi-functioning system provides the beverage industry a capacity to easily change between different types of products, from aseptic beverages to carbonated and vice-versa.
Bosch Packaging Technology's filling and closing machine AFG 5000 recently received an internationally-renowned 'Red Dot Award' from the Design Zentrum Nordrhein-Westfalen in the product design category on the basis of criterions such as formal quality, degree of innovation, ergonomics and durability, and functionality.
Sacmi Filling S.p.A. unveiled the new Sacmi high-speed filling line, which played a critical role in the company's stand at China Brew and Beverage, a popular international brew & beverage processing technology fair in Asia (Shanghai New International Expo Centre, October 23 to 26, 2018). The new filling machines range offers high productivity, outstanding process quality, and flexibility, and has been configured for an output rate of up to 72,000 bottles/hour.

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Key companies proliferating in the market are

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.

Key Segments In The Automatic Filling Machine Market

By Sales Type:

New Machinery
Spare Parts

By Product Type:

Solid
Semi-solid
Liquid

By End-user Industry:

Food
Beverage
Pharmaceutical
Personal Care
Chemical
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.