Filters Global Market Size, Share, Trends Analysis, By Product Type, By Application, By End User, By Regional Outlook and Segment Forecast 2024-2033 | 3M Company, Airex Filter Corp., Koch Filter, Camfil AB, DENSO Corp.

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Overview and Scope
A filling machine refers to a sort of packaging machine that measures a product from bulk as per a predetermined value, such as the level in a container, mass, or volume. The machine then loads the goods into a box, bag, or another packaging container after obtaining the measurement.

Sizing and Forecast
The filters market size has grown strongly in recent years. It will grow from $78.14 billion in 2023 to $84.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increased environmental regulations and air quality standards, growth in industrialization and urbanization worldwide, rise in awareness of air and water pollution control, expansion of automotive and transportation industries, demand for clean and safe drinking water.

The filters market size is expected to see strong growth in the next few years. It will grow to $112.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to focus on indoor air quality (iaq) in commercial and residential spaces, expansion of food and beverage processing industries, adoption of advanced filtration in semiconductor manufacturing, research and development in next-generation filter technologies, customization of filters for specialized industrial applications. Major trends in the forecast period include nanofiber technology for enhanced filtration, smart and iot-enabled filtration systems, high-efficiency particulate air (hepa) and ultra-low penetration air (ulpa) filtration, modular and customizable filtration solutions, activated carbon and charcoal filters for odor and voc removal.

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Segmentation & Regional Insights
The filters market covered in this report is segmented –
1) By Product: Fluid Filters, ICE Filters, Air Filters
2) By Distribution Channel: Offline Stores, Online Stores
3) By Application: Motor Vehicles, Consumer Goods, Utilities, Industrial And Manufacturing, Other Applications

Asia-Pacific was the largest region in the filling machines market in 2023. The regions covered in the filters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the filters market include 3M Company, Airex Filter Corporation, Koch Filter, Freudenberg Filtration Technologies SE & Co. KG, Donaldson Company Inc., AAF Flanders, Ahlstrom-Munksjö, Camfil AB, Parker Hannifin Corporation, Cummins Filtration Inc., Eaton Corporation plc, Filtration Group Corporation, General Electric Company, GVS Group, Hollingsworth & Vose Company, Lenntech B.V., Lydall Inc., Mann+Hummel Group, Mott Corporation, Pentair plc, Porvair Filtration Group, Sefar AG, Shelco Filters, Siemens AG, SPX Flow Inc., Swift Filters Inc., The Hilliard Corporation, The Lee Company, The Strainrite Companies, United Air Specialists Inc., W. L. Gore & Associates Inc.

The filters market report table of contents includes:
1. Executive Summary