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Filling Machine Market Witness Significant Growth Of $8.9 Billion By 2025: Grand View Research, Inc.

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Filling Machine Market Witness Significant Growth Of $8.9 Billion By 2025: Grand View Research, Inc.

September 23
02:16 2019
Filling Machine Market Witness Significant Growth Of $8.9 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,Technological developments in packaging and filling machinery, changing consumer lifestyles, dietary shifts, and robotics & automation in filling machines are some of the factors projected to drive growth of the global filling machine market over the forecast period.

According to a report,“Filling Machine Market Size, Share & Trends Analysis Report by Product (Volumetric, Net Weight, Aseptic, Rotary), By Mode of Operation (Automatic, Semi-automatic), By Application, By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global filling machine market size is projected to reach USD 8.9 billion by 2025, accelerating at a CAGR of 4.2% over the forecast period, Technological developments in packaging and filling machinery, changing consumer lifestyles, dietary shifts, and robotics & automation in filling machines are some of the factors projected to drive growth of the global market over the forecast period.

Favorable government frameworks and policies for packaging machinery services are expected to present huge growth opportunities in the market. Government regulations control and safeguard industrial processes and provide a framework for hygiene and product standardization, which, in turn, is likely to enhance business growth over the forecast period. However, increasing cost of energy and power may hinder growth of the market.

The demand for filling machine in the beverage industry is projected to contribute heavily to the market growth. In addition, technological advancements are likely to boost sales in the overall market scenario. Industrialization, technological support, desired production output, robotics, and minimum human intervention are some of the factors attracting manufacturers to opt for technological support in operational processes.

In terms of product, volumetric filling machine was among the dominant segments in 2018 and is expected to grow at a CAGR of 4.5% over the forecast period. Volumetric filling machines are especially used in food and beverage industry to fill the specified and exact amount of pastes, liquids, and creams into products. These machines are efficient, simple to clean, and have low maintenance cost with high-performance ratio. Aseptic filling machine segment is expected to register prominent growth at a CAGR of 4.4% by 2025.

In terms of mode of operation, automatic filling machine is expected to be the dominant segment by 2025, in terms of revenue, and account for a market share of over 50%. It is expected to emerge as the fastest-growing segment, with a CAGR of 4.9% over the forecast period. Technological developments and the adoption of industry 4.0, green manufacturing practices, and eco-friendly packaging processes and products are among the factors that are likely to trigger the filling machine market growth over the forecast period.

In terms of application, the beverages segment is projected to be the dominant application segment and account for a value of USD 2.2 billion by 2025. Beverages including alcoholic, non-alcoholic drinks, carbonated drinks, juices, and wine, among other products, are witnessing high demand among the youth, which is leading to the propelled sales of packaged beverages. Moreover, their easy availability, attractive advertising, changing lifestyle of consumers, and growing adoption of western culture, in terms of food and clothing, among other such social factors are expected to upsurge the market growth in the coming years.In the U.S., the food and beverage industry is likely to witness favorable growth considering the presence of huge companies along with the presence of favorable government policies and industrial automation.

Key Takeaways from the report:

  • The U.S. market, in terms of revenue, is anticipated to progress at a rate of 7.4% over the forecast period

  • The U.K. market, in terms of revenue, accounted for USD 297.8 million in 2018 and is projected to witness significant growth over the forecast period

  • U.K automatic filling machine segment is expected to witness a CAGR of 2.0% over the forecast period

  • As of 2018, Make In India and other initiatives by the Indian government have been successful in offering new opportunities for industrial development and employment, which, in turn, is favoring the market growth of filling machine in the country

  • The filling machine market in India, in terms of revenue, is expected to reach USD 904.6 million by 2025 over the forecast period.

U.S. Filling Machine Market Size, By Product, 2014 - 2025 (USD Million)

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Global filling machine market share, by application, 2018 (%)

Regional Insights

Asia Pacific was the leading regional market in 2018 and the trend is likely to continue over the forecast period. Increasing demand for convenience food is expected to drive the filling machine market growth in this region. A rise in the middle-class population, high spending power, huge youth population preferring processed & packaged food, growing health awareness, and increased interest of foreign investors in Asia Pacific are altogether expected to favor the market growth in the region.

North America is projected to witness significant growth rate. Europe is one of the prominent contributors to the market growth. The presence of huge players including KHS GmbH and GEA Group is restructuring the market growth through strong R&D capabilities and product innovation.

Filling Machine Market Share Insights

The global market is highly fragmented in nature and includes few multinational players and numerous small-scale industry participants. Companies operating in the global market include Tetra Laval International S.A.; Barry-Wehmiller Companies, Inc.; Krones AG; Ronchi Mario S.p.A.; John Bean Technologies Corporation; GEA Group; KHS GmbH; Accutek Packaging Equipment Companies, Inc.; and Robert Bosch GmbH.

Strong R&D capabilities of key market players allow them to opt for industrial automation for a wide range of applications, which in turn, is projected to complement growth of the market. Significant presence of other companies also contributes to the market growth. Favorable growth of packaging equipment industry is likely to propel the demand for filling machine and, in turn, trigger the market growth.

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About Grand View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

 

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