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The filling equipment market size is forecast to increase by USD 1.97 billion, at a CAGR of 4.5% between 2023 and 2028. The petrochemical and chemical industries have experienced significant growth in leading Asian Pacific countries, driven by increasing demand for plastics and other synthetic materials. This trend is further fueled by the rise of the global packaging machinery industry, which relies heavily on these raw materials for production. Moreover, the brewing industry's expansion, particularly in China and India, presents a substantial market opportunity for petrochemicals and chemicals. The brewing industry's growth is attributed to the rising middle class population and changing consumer preferences towards beer and other alcoholic beverages. These factors collectively contribute to the robust growth trajectory of the petrochemical and chemical industries in APAC. The market report provides market size, historical data, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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The market is witnessing significant growth driven by packaged foods and beverages, cosmetics and personal care products, and the demand for eco friendly solutions in e commerce and online retail. Manufacturers are embracing automation and robotics technology to enhance efficiency in filling various containers such as box, bag, pouch, and bottle, catering to large scale filling needs with high speed capabilities. This sector plays a crucial role in the production of fast moving consumer goods, ensuring precise and rapid filling processes to meet consumer demands effectively. The market is evolving with advancements in programmable logic controller (PLC) technology, benefiting small and medium enterprises seeking efficient operations. Various types of filler machines, including rotary fillers, are enhancing production capabilities by enabling precise filling processes. These machines integrate PLC systems to automate and control filling operations, catering to diverse industry needs for accuracy and productivity in packaging solutions.
Growth in petrochemical and chemical industry in leading countries of APAC is notably driving the market growth. The Indian petrochemical and chemical industry have experienced significant growth due to the increasing demand from sectors such as process, manufacturing, and agriculture. Key applications of petrochemicals and chemicals include the production of beverages and pharmaceuticals. In these plants, filling equipment plays a crucial role, facilitating the transfer of fluids between processes. China, despite economic downturns, high debt levels, and overcapacity in chemical production, remains a dominant player in the global petrochemical market.
Further, as a leading chemical producer and consumer, China contributes substantially to the production and consumption of base chemicals. In summary, the demand for filling equipment is diverse and robust in the petrochemical and chemical industry, with China being a significant market due to its prominent role in the global chemical sector. Thus, such factors are driving the growth of the market during the forecast period.
Increasing domestic shipments of packaging machinery in US is the key trend in the market. The US market for packaging machinery experiences substantial growth, primarily driven by the burgeoning demands from the food and beverage sector. Approximately half of the market expansion is anticipated to originate from this industry segment in the US. Factors fueling the growth of the beverage industry in the US include the expanding population, urbanization, and the emergence of a growing middle class.
However, packaging machinery's growth is predominantly attributed to the rising requirements for labeling, decorating and coding, and case handling machinery. Both the pharmaceutical and beverage industries serve as critical growth engines for the packaging machinery market in the US. The pharmaceutical sector is projected to witness the fastest expansion among all sectors in 2022, with the beverage industry following closely. Thus, such trends will shape the growth of the market during the forecast period.
Increased concerns over hygiene and safety of machinery parts is the major challenge that affects the growth of the market. In the realms of manufacturing industries, packaging equipment plays a crucial role in preserving the quality and extending the shelf life of beverages and pharmaceutical products. The significance of this equipment is underscored by the need to maintain stringent hygiene standards throughout the packaging process. Features such as easy cleaning and sanitary processing are essential for beverage packaging equipment, ensuring that residual liquids do not lead to microbial growth and leftover cleaning fluids do not contaminate products.
Moreover, for pharmaceutical packaging, maintaining airtight seals and preventing contamination during the process is paramount. Consequently, equipment designed to adhere to these requirements is highly sought after by manufacturers. It is imperative that these machines possess an auto-drain function to eliminate residual liquids and ensure the utmost purity of the final product. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecast report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The food and beverage segment is estimated to witness significant growth during the forecast period. The market is driven by the need for efficiency and cost savings in manufacturing processes, particularly in industries such as pharmaceuticals, personal care, tobacco, chemical, and food. Skilled labor costs and the importance of maintaining and servicing equipment to ensure accuracy and consistency are significant factors influencing market growth. Eco-friendly solutions and sustainability are also key considerations, leading to the increasing adoption of eco-friendly filling machines for various modes of operation, including liquid filling for holding containers like boxes, bags, and pouches, as well as solid filling for bottles and jars.
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The food and beverage segment accounted for USD 2.49 billion in 2018. Innovation in automation, such as rotary fillers, aseptic fillers, volumetric fillers, net weight fillers, and atomization, is a major trend in the market. Operating procedures and feedback systems are essential for ensuring the precise measurement and filling of pharmaceutical products, while spare parts and nozzles are crucial for maintaining the longevity of the machinery. New machinery and automatic filling systems offer high-speed, accurate filling capabilities, reducing labor costs and increasing production efficiency. Manufacturing companies are constantly seeking to optimize their operations, making the Filling Equipment market a dynamic and evolving industry.
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Europe is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Filling Equipment Market is driven by the need for efficiency and cost savings in manufacturing processes, particularly in industries such as pharmaceuticals, personal care, tobacco, chemical, and food. Skilled labor costs and the requirement for precise measurement in these industries have led to the increased adoption of advanced filling equipment. Eco-friendly modes of operation and sustainability are also key considerations, with an emphasis on innovation in automation and the use of technologies such as robotic filling machines, atomization, and feedback systems.
Further, large-scale filling operations require high-speed, accurate equipment for handling liquids, holding containers in various forms, including boxes, bags, pouches, bottles, and other packaging types. Pharmaceutical companies prioritize aseptic fillers, volumetric fillers, net weight fillers, and operating procedures that ensure the highest levels of product purity and safety. New machinery, spare parts, and maintenance and servicing are essential components of the Filling Equipment Market. Manufacturing companies seek equipment that minimizes downtime and reduces labor costs through semi-automatic or automatic filling systems. Solid products, such as powders and granules, also require specialized filling equipment, often utilizing nozzles and other advanced technologies to ensure accurate measurement and consistent product quality.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The market is witnessing significant growth due to the increasing demand for efficient production processes in various industries such as pharmaceuticals, personal care, tobacco, chemical, food, and beverages. The primary focus of filling equipment manufacturers is to provide accurate measurement, high-speed operation, and eco-friendly solutions to reduce labor costs and maintenance and servicing requirements. Innovation in automation is a key trend in the Filling Equipment market, with the increasing adoption of robotic filling machines, atomization, and feedback systems. These advanced technologies ensure precise filling, reduce human error, and increase production speed. Further, eco-friendliness is another crucial factor driving the market's growth. Filling equipment manufacturers are developing sustainable solutions using holding containers such as boxes, bags, and pouches instead of traditional bottles and cans.
Moreover, the use of net weight fillers, volumetric fillers, and aseptic fillers is becoming increasingly popular in the pharmaceutical industries. The market for Filling Equipment is segmented based on mode of operation, type of holding containers, and type of machinery. Manual, semi-automatic, and automatic machinery are used based on the scale and complexity of the manufacturing process. Solid and liquid products are filled using various types of nozzles, and the market for large-scale filling is growing rapidly due to the increasing demand for mass production. Operating procedures and spare parts are essential aspects of filling equipment maintenance and servicing. Manufacturing companies prioritize these factors to ensure continuous production and minimize downtime. Overall, the Filling Equipment market is expected to grow significantly in the coming years, driven by the increasing demand for efficient, accurate, and eco-friendly solutions.
Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 1.97 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
Europe at 41% |
Key countries |
China, US, Germany, Italy, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ACASI Machinery Inc., Adelphi Holdings Ltd. Inc., Aetnagroup S.p.A, Barry Wehmiller Group Inc., Coesia SpA, E PAK Machinery Inc., Feige FILLING GmbH, Filamatic, FILLING EQUIPMENT Co. Inc., GEA Group AG, John Bean Technologies Corp., Krones AG, Marchesini Group Spa, Rapak, Ronchi Mario SpA, Shanghai Dahe Packing Machinery Co. Ltd., Shanghai Xingfei Packaging Machinery Co. Ltd., Syntegon Technology GmbH, Tetra Pak Group, and Wenzhou Runli Machinery Co. Ltd |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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