Press release
Filters Market Outlook 2024: Exclusive Report By The Business Research Company
Filters Market
The Business Research Company offers in-depth market insights through Filters 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 filters market size has grown strongly in recent years. It will grow from $78.14 billion in 2023 to $84.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increased environmental regulations and air quality standards, growth in industrialization and urbanization worldwide, rise in awareness of air and water pollution control, expansion of automotive and transportation industries, demand for clean and safe drinking water.
The filters market size is expected to see strong growth in the next few years. It will grow to $112.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to focus on indoor air quality (iaq) in commercial and residential spaces, expansion of food and beverage processing industries, adoption of advanced filtration in semiconductor manufacturing, research and development in next-generation filter technologies, customization of filters for specialized industrial applications. Major trends in the forecast period include nanofiber technology for enhanced filtration, smart and iot-enabled filtration systems, high-efficiency particulate air (hepa) and ultra-low penetration air (ulpa) filtration, modular and customizable filtration solutions, activated carbon and charcoal filters for odor and voc removal.
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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 filters market include 3M Company, Airex Filter Corporation, Koch Filter, Freudenberg Filtration Technologies SE & Co. KG, Donaldson Company Inc., AAF Flanders, Ahlstrom-Munksjö, Camfil AB, Parker Hannifin Corporation, Cummins Filtration Inc., Eaton Corporation plc, Filtration Group Corporation, General Electric Company, GVS Group, Hollingsworth & Vose Company, Lenntech B.V., Lydall Inc., Mann+Hummel Group, Mott Corporation, Pentair plc, Porvair Filtration Group, Sefar AG, Shelco Filters, Siemens AG, SPX Flow Inc., Swift Filters Inc., The Hilliard Corporation, The Lee Company, The Strainrite Companies, United Air Specialists Inc., W. L. Gore & Associates Inc.
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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. Filters Market Characteristics
3. Filters Market Trends And Strategies
4. Filters Market - Macro Economic Scenario
5. Filters Market Size And Growth
…..
27. Filters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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More Releases for Filter
Filter Aid Diatomaceous Earth For Gravity Filter
Technology data sheet
TYPE
Color
Grade
Permeability
Density
Screening%
PH
MIN darcy
TARGET darcy
MAX darcy
TARGET g/cm3
MAX g/cm3
+150mesh
MIN
TARGET
MAX
ZBS100
pink/white
Dissolve calcination
1.3
1.5
1.8
0.37
0.4
0
NA
4
8-11
ZBS150
pink/white
Dissolve calcination
1.5
1.9
2.3
0.35
0.4
0
NA
4
8-11
ZBS200
pink/white
Dissolve calcination
2.3
2.6
3
0.35
0.4
0
NA
4
8-11
ZBS300
white
Dissolve calcination
3
3.5
4
0.35
0.37
0
2
6
8-11
ZBS400
white
Dissolve calcination
4
4.5
5
0.35
0.37
2
4
10
8-11
ZBS500
white
Dissolve calcination
4.8
5.3
6
0.35
0.37
4
8
15
8-11
ZBS600
white
Dissolve calcination
6
7
8
0.35
0.37
6
10
20
8-11
ZBS800
white
Dissolve calcination
7
8
9
0.35
0.37
10
15
25
8-11
ZBS1000
white
Dissolve calcination
8
10
12
0.35
0.38
12
21
30
8-11
13
19
25
0.35
0.38
9
19
30
8-11
ZBS1200
white
Dissolve calcination
12
17
30
0.35
0.38
NA
NA
NA
8-11
Product Advantages
- complete range of permeability - complete certification: ISO, Halal, Kosher - suitable for all walks of life - Higher efficiency filtration - National Patent products
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