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Global Bottling Line Machinery Market Growth Prospects, Future Industry Landscape 2033
Bottling Line Machinery Global Market Report 2024
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According to The Business Research Company's, The bottling line machinery market size has grown steadily in recent years. It will grow from $4.73 billion in 2023 to $4.89 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to global growth in beverage consumption, diversity in beverage offerings, shift to lightweight packaging, demand for flexible production lines, market competition and efficiency, evolving consumer preferences.
The bottling line machinery market size is expected to see steady growth in the next few years. It will grow to $5.76 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to increasing demand for functional beverages, focus on digitalization and data analytics, shift to pet bottles and sustainable materials, emergence of ready-to-drink (rtd) beverages, government support and incentives. Major trends in the forecast period include flexible and modular machinery design, energy-efficient solutions, high-speed production lines, smart sensors and predictive maintenance, quality control and inspection systems, digital twin technology.
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Market Drivers and Trends:
The increase in industrial automation is expected to propel the growth of bottling line machinery market going forward. Industrial automation refers to the use of technology, control systems, and machinery to operate and manage various industrial processes and tasks with minimal human intervention. Automation offers several advantages to the bottling industry, including improved efficiency, higher quality control, cost savings, flexibility, data-driven decision-making, regulatory compliance, reduced labor dependency, enhanced safety, and a competitive edge. Bottling line machinery can handle higher volumes, ensure consistent product quality, reduce operational costs, and adapt to changing market demands. For instance, in March 2023, according to the 2023 Connected Retail Experience Study, a research study conducted by Incisiv, a New-York based next-gen industry Insights firm, in collaboration with Verizon Business, a US-based insights firm, retailers, anticipate a significant increase in automation and expect up to 70% of routine tasks will be partially or fully automated by 2025. They expect to leverage the labor and productivity benefits by re-deploying associates to customer-facing high-value tasks (18% of retailers) and supporting business operations (26% of retailers). Moreover, the use of Ai to improve operations is projected to increase 9x by 2025. Therefore, the increase in industrial automation is driving the growth of the bottling line machinery market.
Technology advancements are a key trend gaining popularity in the bottling line machinery market. Automatic bottle filling technology leads the beverage industry. The beverage and soft drink industries are the most common users of automatic bottle filling machines. These machines use a conveyor belt to fill bottles, which is a cost-effective and quick method. PLCs are commonly used in automatic bottle filling equipment. In November 2021, SIG, a US-based innovation and technology leader in aseptic carton packaging, launched SIG NEO. SIG NEO is the world's fastest filling machine for family-size carton packs. SIG NEO will assist SIG's clients in the food and beverage industry in maximizing output and lowering expenses. Through longer production cycles, quicker cleaning times, and improved technical efficiency, it lowers the total cost of ownership.
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Major Key Players of the Market:
Krones AG, SACMI Group, Coesia SpA, GEA Group AG, Bosch Packaging Technology, KHS Group, OPTIMA packaging group GmbH, ProMach Inc., Syntegon Technology GmbH, Hiemens Bottling Machines, Sidel Group, AVE Technologies Srl, IC Filling Systems Srl, Comac Group Srl, A.B.E. Beverage Equipment Ltd., Meheen Manufacturing Inc., CFT SpA, Arol Group SpA, Sipa SpA, Barry-Wehmiller Companies Inc., Aesus Packaging Systems Inc., E-PAK Machinery Inc., Inline Filling Systems LLC, Norland International Inc., Oden Machinery Inc., Pneumatic Scale Angelus, Ska Fabricating Inc., Bepex International, Buhler Group, Erema Group, Festo SE & Co. KG
Bottling Line Machinery Market 2024 Key Insights:
• The bottling line machinery market size is expected to see steady growth in the next few years. It will grow to $5.76 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.
• Elevated Demand For Health Beverages Fuels Bottling Line Machinery Market Growth
• Technological Advancements Driving Innovation In Bottling Line Machinery Market
• Asia-Pacific was the largest region in the bottling line machinery market in 2023
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