IMARC Group, a leading market research company, has recently released a report titled “Filling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global filling equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Filling Equipment Industry?
According to the report, The global filling equipment market size reached US$ 18.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
What is Filling Equipment?
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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What are the growth prospects and trends in the filling equipment industry?
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.
What is included in market 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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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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