The Filling Machines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Filling Machines Global Market Report 2024, The filling machines market size has grown strongly in recent years. It will grow from $7.87 billion in 2023 to $8.33 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growth in food and beverage processing industries, increased demand for packaged consumer goods, automation and efficiency in manufacturing processes, stringent regulations on packaging and labeling standards, expansion of pharmaceutical and personal care industries.
The filling machines market size is expected to see strong growth in the next few years. It will grow to $10.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to market growth in emerging economies and developing regions, customization and flexibility in filling equipment design, demand for eco-friendly and sustainable packaging solutions, expansion of e-commerce and direct-to-consumer channels, research and development in next-generation filling technologies. Major trends in the forecast period include integration of iot and industry 4.0 technologies in filling systems, hygienic and clean-in-place (cip) design, flexible packaging solutions, aseptic filling for sensitive products, remote monitoring and troubleshooting, weight-based filling for accuracy and precision.
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.
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The filling machines market covered in this report is segmented –
1) By Type: Rotary Fillers, Volumetric Fillers, Aseptic Fillers, Net Weight Fillers, Other Types
2) By Process: Manual, Semi-Automatic, Automatic
3) By Application: Food And Beverage, Pharmaceutical, Cosmetic, Other Applications
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 filling machines market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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