The global filling equipment market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Sheridan, United States - August 12, 2021 /MarketersMedia/ —
According to the latest report by IMARC Group "Filling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", The global filling equipment market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
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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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
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 market growth. Moreover, rising consumer preference towards convenient and travel-friendly food and beverage packs is providing a thrust to the market growth.
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 AG (G1A.DE)
JBT Corporation (NYSE: JBT)
KHS GmbH (Salzgitter AG)
KRONES AG O.N. (KRN.DE)
Ronchi Mario S.p.A.
Scholle IPN
Syntegon Technology GmbH
Tetra Laval International S.A.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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