Global Filling Equipment Market - 2022-2029

Global Filling Equipment Market - 2022-2029

Market Overview

The global filling equipment market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Filling equipment is an automated system designed for filling solids or liquids into packaging. The system consists of an automatic dispenser programmed to fill a precise quantity into the packaging. Filling equipment is mainly used in the food and beverage, pharmaceuticals and cosmetics industries

Filling machines can be automatic, semi-automatic, or manual, along with various configurations for different applications. Types include vial fillers, powder fillers, solid particle fillers and ampoule filling machines. An emerging trend in filling equipment technology is a portable design, which enhances performance by enabling the changing of various process parameters as required for different applications.

Market Dynamics

The demand for filling equipment is mainly driven by the rising demand for processed food products. It is the most important driver for the market. The high cost and maintenance of filling equipment are key factors in limiting the growth of this market.

Rising demand for processed food products

In the previous two decades, the world has seen substantial economic growth. The vast bulk of that growth occurs in emerging economies such as those in the Asia-Pacific area. Millions of people have been lifted out of poverty due to economic expansion, which has resulted in significant changes in socioeconomic indicators. With increased disposable income, a sizable global urban middle class has arisen. The globalization and adoption of the modern lifestyle have led to increasing demand for processed foods.

Food processing companies have responded to this demand by drastically increasing production. As a result of this demand, food processing industries have ramped up production significantly. The industry has increased its usage of automation technologies to increase production. Automated robotic systems can function at high speeds while maintaining high precision and accuracy, resulting in less downtime and maintenance. It also saves money on labor because a single robot can accomplish the work of multiple employees. The use of automation increases output while reducing production time. As industries grow and increase production in response to rising global demand, the use of automation has expanded.

Filling equipment is being adopted by a wide range of food processing industries. Filling equipment is used in the food and beverage industry to bottle soft drinks, milk and other beverages and processed preparations such as pickles, jams, sauces and syrups. Processed food is measured and packaged in precise quantities using filling equipment. Therefore, the rising demand for processed food is a key driver for the growth of the global filling equipment market.

High cost and maintenance of filling equipment

Filling equipment is used in various industries because of its dependability, speed, precision and accuracy. Filling equipment has resulted in a significant improvement in productivity and output and reduced production costs. However, there are several disadvantages to using filling equipment.

Filling equipment is sophisticated and, as a result, expensive. The average cost of a simple portable filling equipment robot with a simple action is US$ 10,000 to US$ 15,000. High-end complicated filling equipment is expensive, costing hundreds of thousands of dollars. Large firms can absorb the expenditures; however, small and medium-sized businesses cannot implement filling equipment due to their high cost.

Multiple components and intricate electronic circuitry and millions of lines of programmed computer code go into modern filling equipment. Maintenance takes time and results in downtime and a reduction in output. Routine maintenance operations also necessitate a highly skilled operator, which adds to the expense. The obstacles obstruct the widespread use of filling equipment, posing a significant challenge to the market's expansion.

COVID-19 impact analysis

The global filling equipment market experienced different impacts due to the COVID-19 pandemic. Demand from food manufacturing companies saw declines since they postponed or canceled capital expenditure due to the pandemic's economic uncertainty. However, demand remains more or less constant since many industries manufacture essential consumer goods such as processed foods, beverages and household toiletry.

Filling equipment requires various components that various subcontractors supply in a global and diversified supply chain. The knock-on effects of the pandemic on the global supply chain, such as an acute shortage of semiconductors, are hampering the production of filling equipment. Therefore, some companies prefer low-tech and low-cost manual filling equipment as a stop-gap measure until filling equipment production improves. Global production is expected to recover to pre-pandemic levels by the end of 2021.

The short-term impact of the COVID-19 pandemic has been severe for the filling equipment market. The pandemic will have a negligible impact on the long-term growth of the global filling equipment market since demand is forecasted to improve as production levels of end-use industries approaches pre-pandemic levels. As world economies continue to grow and prosper, the demand for processed food will keep rising, ensuring rising forecasts for the global filling equipment market.

Segment Analysis

The global filling equipment market is segmented into type, application and region. The filling equipment market is further segmented into electronics, automotive, chemicals, healthcare and pharmaceuticals, industry and manufacturing, food and beverages, construction and others.

Food and beverage are leading in this segmentation since filling equipment has one of the largest applications within this industry sector. Modern filling equipment's high speed, precision, and accuracy make them attractive to major food and beverage companies engaged in mass production. Production can be increased substantially with a great reduction in cost.

Geographical Analysis

Asia-Pacific is leading in the global filling equipment market. The region accounts for the largest market share, primarily due to major industrializing and emerging markets concentrated in the region. The Asia-Pacific region is home to some of the world's fastest-growing economies.

A lot of the global economic growth of the last two decades has come from the region. India and China are also the largest countries globally concerning population. The large, young, dynamic and growing population in this region will increase the demand for various consumer goods. The Asia-Pacific region is expected to retain the largest share in the global filling equipment market in the coming years.

Competitive Landscape

The global filling equipment market is competitive due to the wide variety of filling equipment that caters to different end-use applications. Some of the players contributing to the growth in the segment are Accutek Packaging Companies, Syntegon Technology GmbH, Coesia S.p.A., GEA Group AG, JBT Corporation, KHS Gruppe, Krones AG, Ronchi Mario S.p.A., Scholle IPN and Tetra Laval. The major players adopt several growth strategies such as new product launches, joint ventures and collaborations, contributing to the global growth in the industry.

Accutek Packaging Companies

Overview: Accutek Packaging Companies is a privately-held engineering company that designs and manufactures packaging machinery and equipment. The company's main product portfolio includes filling machines, capping machines, labeling machines, conveyors and complete packaging systems. The company also designs customized packaging solutions according to the client's requirements. Accutek Packaging Companies was founded in 1989 and is headquartered in Scott St. Vista, California, U.S.

Product Portfolio

Mini Pinch is a filling system primarily designed for aqueous solutions and light oils. The system consists of a six-head volumetric filler that can fill up to six ounces of fluid every second. It is a semi-automatic system and can fill up to 2500 bottles every hour.

Key Developments

In 2021, Accutek Packaging Companies announced the expansion of their business with a move to a new 150,00 sq ft facility in Vista, California. It will allow the company to expand capacity to better cater to the rising demand for filling equipment in the North American region.

Why Purchase the Report?

Visualize the composition of the filling equipment market segmentation by the type, process, product, application and region, highlighting the critical commercial assets and players.

Identify commercial opportunities in the filling equipment market by analyzing trends and co-development deals.

Excel data sheet with thousands of global filling equipment market-level 4/5 segmentation data points.

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Product mapping in excel for the critical product of all major market players

The global filling equipment market report would provide access to an approx.: 65 market data tables, 70 figures and 240 pages.

Target Audience 2022

Filling equipment manufacturers

Food and beverage industries

Medical and pharmaceutical industries

Automotive component manufacturers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals