Press release
Global Filling Machines Market Comprehensive Study: Forecasted Market Size And Growth Rate
Filling Machines Market
The Business Research Company offers in-depth market insights through Filling Machines Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The filling machines market size has grown strongly in recent years. It will grow from $7.87 billion in 2023 to $8.33 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growth in food and beverage processing industries, increased demand for packaged consumer goods, automation and efficiency in manufacturing processes, stringent regulations on packaging and labeling standards, expansion of pharmaceutical and personal care industries.
The filling machines market size is expected to see strong growth in the next few years. It will grow to $10.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to market growth in emerging economies and developing regions, customization and flexibility in filling equipment design, demand for eco-friendly and sustainable packaging solutions, expansion of e-commerce and direct-to-consumer channels, research and development in next-generation filling technologies. Major trends in the forecast period include integration of iot and industry 4.0 technologies in filling systems, hygienic and clean-in-place (cip) design, flexible packaging solutions, aseptic filling for sensitive products, remote monitoring and troubleshooting, weight-based filling for accuracy and precision.
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Market Segmentation:
The main types of filling machines are rotary fillers, volumetric fillers, aseptic fillers, net weight fillers, and others. Rotary filler machines move containers along different circular stations, with each one performing a specific function such as filling, sealing, and capping. The different processes include manual, semi-automatic, and automatic and are used in sectors including the food and beverage industry, pharmaceuticals, cosmetics, and others.
Major Driver - Surging Demand For Fast Food And Packaged Food Sparks Growth In The Filling Machines Market
Rising demand for fast food and packaged food is expected to propel the growth of the filling machines market in the coming years. Fast-food and packaged food is a type of food that save time in food acquisition, preparation, and ready-to-eat food from grocery stores. Filling machines are used to fill the product into bags, pouches, or containers such as bin or bottle. For instance, according to Press Information Bureau, a nodal agency of the Government of India, India exported more than $ 2.14 billion worth of final food products in 2020-21. The export of products under ready-to-eat (RTE), ready-to-cook (RTC) and ready-to-serve (RTS) categories rose by more than 23% to $ 1011 million in April to October (2021-22) compared to $ 823 million reported in April to October (2020-21). Therefore, the rise in demand for fast food and packaged food is driving the growth of the hot food processing equipment market.
Competitive Landscape:
Major companies operating in the filling machines market include Van der Leegte Groep B.V., Vencomatic Group, Ziggity Systems Inc., AP Poultry Equipments, Texha Production Associate LLC, HAMEX-GROUP, Valco Companies, Jansen Poultry Equipment, Big Dutchman International, Hartmann Lebensmitteltechnik Anlagenbau, SKOV A/S
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Top Trend - Sig Group Unleashes Technological Innovation With Sig Neo, The World's Fastest Filling Machine
Technological advancement is a key trend gaining popularity in the filling machines market. Many companies operating in the filling machines market are looking for the new products with advanced technologies to strengthen their position in the market. For instance, in November 2021, SIG Group, a Switzerland-based product packaging company launched SIG NEO, a major innovation in filling technology. SIG NEO is the world's fastest filling machine for family size carton packs with a speed of up to 18,000 packs per hour. It also has a 25% lower carbon footprint per filled pack compared with SIG's current generation filling machines for family-size packs, due to reduced consumption of water and other utilities and low waste rates.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Filling Machines Market Characteristics
3. Filling Machines Market Trends And Strategies
4. Filling Machines Market - Macro Economic Scenario
5. Filling Machines Market Size And Growth
…..
27. Filling Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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