Global Filling Machine Market - 2022-2029

Global Filling Machine Market - 2022-2029

Market Overview

The global filling machine market valued USD xx million in 2021 and is forecast to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029)

Filling machine machines are used to fill several eatery and other personal care products in the food and beverage, as well as chemical and pharmaceutical sectors. The rising industrial development and purchasing power parity across the developing countries is anticipated to augment this market. For instance, according to the World Bank Organization, the South Asia region accounted for USD 7,084.5 and East Asia Pacific valued USD 19,329.8 of purchasing power parity in 2018. Moreover, stringent government rules across the food and beverage and other associated industries are convincing the filling equipment manufacturers to opt for standard machines and filling processes to maintain hygiene and quality of the product.

Market Dynamics:

Growing consumer driven product variation is expected to drive the market

The key manufacturers in the filling machines market are opting for innovative techniques to offer products according to the customers’ preferences. Customers across the world are changing their preferences to the easily available and small portion of products. Right from personal care products and cosmetics, to food and beverage products, customers prefer hygienic and quality products that are travel friendly with packaging in portion size. Many key packaging brands are diversifying their product portfolio by modifying the packaging formats, thus aiming to satisfy the demand of their diversified customer base. Growing health consciousness owing to the busy lifestyles is driving the demand for convenience and single portion food products, resulting in the adoption of advanced filling machine. Henceforth, the key market brands would tend towards offering small portion and hygienic packaged products to their customers, thus driving the market globally.

Moreover, emergence of automation and robotics in filling machine is one of the key trends in the market. Automated machinery increases the satisfaction for higher levels of safety, productivity, and functionality. They increase throughput by minimizing the required manual operation and enhance flexibility of the machinery, thereby offering easy packaging changes while operating the machine. Robotics is becoming a primary automated variant for processing and packaging applications. The usage of robotics has significantly increased over the last decade in the packaging industry, mainly for pick and place applications. According to the International Federation of Robotics (IFR), in the year 2019, the incorporation of robotics in the packaging sector showed 15% of annual growth. Implementation of robotics minimizes scrap and waste material by providing higher throughput rate, greater precision, and consistency, hence becoming a key market trend.

Market Segmentation:

Liquid filling segment held largest market revenue share in the year 2021

The liquid filling segment is anticipated to hold the highest market share owing to the large amount of liquid product manufacturing in industrial sectors such as beverages, chemicals, pharmaceutical drugs, cosmetic products, and many more. Beverages, milk, cosmetics, personal care products, liquid medicines, and chemicals are packed into several types of attractive packaging solutions that are anti-corrosive, offering safe and hygienic products. The solid filling segment is projected to exhibit progressive market growth due to large amount of production of food items. Increasing population rate across the world and changing lifestyles are raising the demand for convenience food products.

By application, food segment is expected to hold significant share in the market, owing to the rising consumption of convenience food products. Changing lifestyles and work culture across the globe have initiated the requirement of safe, hygienic, and healthy ready-to-eat meals, thus increasing the demand for packaged food products. The beverages segment is expected to show progressive growth as the need for packaged beverages and pasteurized milk is rising in the developed as well as in the developing countries due to an increase in the ratio of working people. Many people in the developed countries consume packaged distilled water with added minerals, thereby augmenting the demand for packaged beverages.

Geographical Penetration:

Asia Pacific is expected to dominate the global filling machine market in the year 2021

The rising consumption of packaged beverages in the Asian countries including China, Japan, South Korea, and many more is expected to attribute to this market growth in the coming years. Developing countries such as China and India have the highest ratio of population growth with the rising number of working population. This directly impacts the consumption rate of packaged food products and other personal care products across the region, thus exhibiting the highest growth rate. According to the United Nations Population Fund (UNFPA), Asia Pacific constitutes 60% of the total world’s population. Nearly 4.3 billion of people come from the world’s most populated countries, namely, China and India. Therefore, the consecutive demand for packaged products is expected to portray steady growth across the region.

Competitive Landscape:

The global filling machine market is fragmented. The key market players such as GEA Group, Syntegon Technology (Bosch Packaging Technology) and JBT Corporation are following standardization regulations led by the governments to offer customer driven product variations. These organizations are opting for small portion packaging of food products, beverages, cosmetics, and many more to cater to their global customer base by maintaining their market position. In August 2019, GEA Group launched its redesigned high-speed Twin Tube packaging machine at PACK EXPO in Las Vegas, 2019. The Smartpacker Twin Tube filling machine promotes flexible and automated packaging solutions. In May 2019, JBT Corporation launched the AsepFlex filler to offer travel-friendly and hygienic pouch packaging for sport drinks, infant nutrition products, and on-the-go breakfast healthy drinks.

COVID-19 Impact:

Negative impact on the global filling machine market

Owing to the health concerns related to COVID-19, the consumption rate of packaged products is decreasing, thus resulting in financial vulnerabilities and limited demand for these machines across various regions. Furthermore, the demand for tourism in Europe is expected to decline in the near future owing to the impacts of the COVID-19 pandemic. The economy of several European countries is maintained by their tourism activities which also increases the demand for convenience products to cater to the needs of the international tourists. Additionally, COVID-19 would result in the negative impact over the North American economy as well. As per the United States National Restaurant Association, it was projected that the restaurant industry’s sales in 2020 would hike up to USD 899 billion. Thus, it would lead to moderate market growth for the packaged products with average demand for these machines. According to the World Economic Forum, dairy farmers in the United States are facing issues and dumping the produced milk, leading to a downfall in the dairy packaging sector. It would affect the demand for filling machine in the coming years. On the other hand, there was increasing demand for pharmaceutical products such as sanitizers. Hence, the market was positively impacted for the pharmaceutical’s application. Companies such as Frain Industries, witness huge demand for packaging of sanitizers.

Why Purchase the Report?

Understand the current market scenario and viability of global filling machine over the forecast period

Visualize the composition of the global filling machine market in terms of type, application and mode of operation to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global filling machine market – Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global filling machine market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:

Packaging Equipment Manufacturers

Foodservice Industry

Pharmaceutical Companies

Personal Care Products Manufacturers

Education & Research Institutes

Research Professionals