North America Food & Beverage Filling & Capping Machines Market Size, Share, & Trends Analysis Report By Equipment (Filling, Capping), By Type, By End-Use And Segment Forecasts, 2022 - 2030
North America Food & Beverage Filling & Capping Machines Market Growth & Trends
The North American food & beverage filling & capping machines market size is expected to reach USD 2.62 billion by 2030 according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 5.3% from 2022 to 2030. Development of new technologies in the packaging and filling machines market, changing consumer lifestyles, in filling & capping equipment are some of the factors that are projected to drive the growth of the market.
The food & beverages industry has emerged as a high-growth industry, notably in the food processing segment in North America over the past few years owing to its significant potential for value addition. The increasing inclination of consumers toward adopting healthy food habits is expected to fuel the demand for food & beverages, thereby driving the demand for this product.
The growing proportion of young consumers with high spending ability, preferences for healthy beverages, dairy-free beverages, hybrid beverages, sugar-free beverages, etc., are expected to fuel the demand, thereby leading to the growth of the market for food & beverage filling and capping machines during the forecast period.
Food & beverage filling and capping machines help to achieve waste elimination and minimize overfilling of beverages during packaging while improving profitability. In addition, these machines are also highly efficient and user-friendly. This, in turn, is anticipated to fuel the demand for these types of machinery during the forecast period.
The changing lifestyle of the masses, coupled with a growing middle-class population and its increasing disposable income, surging consumption of packaged food & beverages in households are anticipated to drive the demand for food & beverages during the forecast period, thereby fueling the growth over the forecast period.
North America Food & Beverage Filling & Capping Machines Market Report Highlights
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook