Filling Equipment Market to Hit US$ 21.9 Billion, Globally, by 2027 at 3.4% CAGR
According to the latest report by IMARC Group "Filling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global filling equipment market size reached US$ 18.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.9 Billion by 2027, exhibiting a growth rate (CAGR) of 3.4% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Filling equipment refers to the machines utilized for filling solid, semi-solid, and liquid products into enclosed pouches, cans, jars and bags. Vacuum, net weight, volumetric, rotary, piston, aseptic, and spray fillers are some of the commonly used types of filling equipment. They are usually available in manual, semi-automatic and automatic variants. Compared to the traditionally used manual filling methods, they offer enhanced reliability, consistency, control, user-friendly operating system and long-term usage. As a result, filling equipment finds extensive application across various industries, such as pharmaceutical, cosmetic, chemical and food and beverage.
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Filling Equipment Market Trends and Drivers:
The global filling equipment market is primarily being driven by the increasing demand for pharmaceutical products and fast-moving consumer goods (FMCG). The equipment is widely used for rapid and accurate filling with minimal errors. Various technological advancements, such as the adoption of factory automation and robotics to standardize processes and maintain the safety of the product,are favoring the market growth. Moreover, rising consumer preference towards convenient and travel-friendly food and beverage packs is providing a thrust to the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Sales Type:
- New Machinery
- Spare Parts
Breakup by Process Type:
- Manual
- Semi-Automatic
- Automatic
Breakup by Product Type:
- Solid
- Semi-Solid
- Liquid
Breakup by End Use Industry:
- Food and Beverages
- Pharmaceutical
- Personal Care
- Chemical
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Accutek Packaging Companies
- Coesia S.p.A
- GEA Group Aktiengesellschaft
- JBT Corporation
- KHS GmbH (Salzgitter AG)
- Krones AG
- Ronchi Mario S.p.A.
- Scholle IPN
- Syntegon Technology GmbH
- Tetra Laval International S.A.
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