Filling Equipment Market worth USD 23,499.4 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Filling Equipment Market by Sales Type (New machinery and Spare parts), by Process Type (Manual, Semi-automatic, Automatic, Rotary feeding system and Straight-line feeding system), by Product Type (Solid, Semi-solid and Liquid), by End-User (Food, Beverage, Pharmaceutical, Personal care and Others (chemical, tobacco, and tissue)), by Region – Global Share and Forecast to 2027". The global market size of the filling equipment market is expected to grow from USD 17,963.0 million in 2020 to USD 23,499.4 million by 2027, at a CAGR of 3.9% during the forecast period. Automatic machines have the exact operating system, which is controlled by advanced software or programmable logic controller. To reduce manual errors and achieve accuracy, the manufacturers of FMCG, pharmaceutical, and other industries prefer using automatic filling machines in their production facilities. Automation of the production facility gives accuracy, consistency, and reliability to the devices for filling processes. Error-free filling in terms of weight, volume, and level saves the time required for quality check of the container or the product. For instance, Flexicon FMB210L fully-automatic vial filling and screw capping machine manufactured by Watson-Marlow Fluid Technology Group have boosted the product's output by 300% at a leading pharmaceutical company. The new device has been set to produce the product at a rate of 2400 vials an hour. Thus, providing maximum output in minimum time to the manufacturers.

Global Filling Equipment Market Segmentation

The overall filling equipment market has been segmented into sales, process, product, end-user, and regions.

By Sales Type Outlook (Revenue, USD Million, 2017-2027)

• New machinery
• Spare parts

By Product Type Outlook (Revenue, USD Million, 2017-2027)

• Solid
• Semi-solid
• Liquid

By Process Type Outlook (Revenue, USD Million, 2017-2027)

• Manual
• Semi-automatic
• Automatic
  • Rotary feeding system
  • Straight-line feeding system

By End-User Outlook (Revenue, USD Million, 2017-2027)

• Food
• Beverage
• Pharmaceutical
• Personal care
• Others (chemical, tobacco, and tissue)

By Region Outlook (Revenue, USD Million, 2017-2027)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

The liquid segment, by product type, is estimated to hold the largest market share during the forecast period

The worldwide filling equipment market is segmented into solid, semi-solid, and liquid-based on product type. The liquid segment accounted for the largest market revenue share of 39.8% in 2020.  An increase in consumption of FMCG and pharmaceutical products has led to a rise in the production of these products. For instance, in Danone North America, in February 2019 expanded its food manufacturing capacity for non-dairy products at its facility in DuBois, Pennsylvania, the U.S., increasing the need for filling equipment in the market. Also, some filling equipment manufacturers have strengthened their market presence by opening sales and service outlets to provide fast and efficient services to their customers of filling equipment in the market. For instance, Toyo Jidoki America, in January 2017, opened a new office in California, which will offer expanded services to their clients on the West Coast.

Don't miss out on business opportunities in Filling Equipment Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.

The Asia Pacific, by region, holds the largest market share during the forecast period

Based on the regions, the global filling equipment market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the largest market share of 36.1% during the forecast period. Four main countries, namely, China, India, Japan, South Korea, and the Rest of Asia-Pacific, are analyzed in Asia-Pacific. Asia-Pacific holds the first position in the global filling equipment market. China accounted for a major share of this market in 2020, and India is expected to experience rapid growth during the forecast period.

China holds the major share of filling equipment market. However, other developing countries such as India, Indonesia, and others have been recognized as one of the fastest-growing markets, owing to the rapid consumption growth of FMCG products. Some of the key players operating in the Asia-Pacific market include Rich Packaging, Feige Asia, and others have their headquarters in Asia. Many major players have their manufacturing units in Asia. For instance, Coesia has its production facilities and R&D centers for filling equipment in India, China, Bangkok, Malaysia, and Singapore, offering its products and service to the customers. Thus, the presence of these major players in the Asia-Pacific market will make it easy to penetrate the market and fulfill various customer needs, therefore giving a boost to the filling equipment market during the forecast period.

Major players in the market of filling equipment are Accutek Packaging Equipment Companies, Inc., JBT, Krones AG, Coesia S.p.A, GEA Group Aktiengesellschaft, Salzgitter AG (KHS Group), Ronchi Mario S.p.A, Scholle IPN, Syntegon Technology GmbH and Tetra Laval International S.A.

Browse complete report: https://www.marketstatsville.com/filling-equipment-market

 About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

Contact Us:

Market Statsville Group

416, East Standsberry Street, Perkins, Oklahoma 74059, USA

USA: +1-580-205-2707 | +91 702 496 8807

Email: sales@marketstatsville.com

Web: www.marketstatsville.com