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The filling equipment market share is expected to increase to USD 2.17 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.94%.
This filling equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers filling equipment market segmentation by end-user (food and beverage, pharmaceutical, chemicals and petrochemicals, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The filling equipment market report also offers information on several market vendors, including ACASI Machinery 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 Aktiengesellschaft, John Bean Technologies Corp., KRONES AG, Marchesini Group Spa, Rapak, Ronchi Mario SpA, Wenzhou Runli Machinery Co. Ltd, Shanghai Dahe Packing Machinery Co. Ltd., Shanghai Xingfei Packaging Machinery Co. Ltd., Syntegon Technology GmbH, The Adelphi Group of Companies, and Tetra Pak Group among others.
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The growth in petrochemical and chemical industry in leading countries of APAC is notably driving the filling equipment market growth, although factors such as the increased concerns over hygiene and safety of machinery parts may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the filling equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Filling Equipment Market Driver
One of the key factors driving growth in the filling equipment market is the growth in petrochemical and chemical industry in leading countries of APAC. The Indian petrochemical and chemical industry has been growing tremendously owing to the increased demand from the process, manufacturing, and agricultural industries. Petrochemical and chemical plants include methanol plants, ethylene plants, and fertilizer plants. The need for filling equipment in these plants is diverse and includes applications such as transferring fluids from one process to another in the chemical industry. China is a leading market for chemicals globally and is among the largest contributors to both the production and consumption of base chemicals. The country has planned to increase its production capacities of both conventional and unconventional chemicals. These factors are expected to fuel the growth of the petrochemical and chemical industry in the region. This is expected to increase the demand for filling equipment from regional manufacturers and, thereby, drive the growth of the regional filling equipment market.
Key Filling Equipment Market Trend
The increasing domestic shipments of packaging machinery in the US is a filling equipment market trend that is expected to have a positive impact in the coming years. The US is one of the largest markets for packaging machinery. Significant growth in this industry is mainly due to the increase in the demand from the food and beverage industry. The main reasons for the growing beverage market in the US are the rising population and urbanization and the emerging middle-class population. The pharmaceutical and beverage industry are key drivers of the packaging machinery market in the US, with the pharmaceutical sector predicted to grow the fastest among all sectors in 2022; it will be followed by the beverage industry. Factors such as changing consumer habits, new regulations, and economic development are fueling the growth in this sector. Therefore, these factors are expected to increase the demand for filling equipment from the beverage industry and pharmaceutical industry, which is expected to drive the growth of the market in focus.
Key Filling Equipment Market Challenge
The increased concerns over hygiene and safety of machinery parts will be a major challenge for the filling equipment market during the forecast period. Food regularly comes in contact with various surfaces throughout the packaging line. Therefore, manufacturers prefer packaging equipment that is designed to maintain strict hygiene standards. Not only does product packaging need to be airtight but the product also needs to be protected from being contaminated during the packaging process. The use of the right type of sanitary bottling machinery and equipment in production lines can help prevent the contamination of products. Vendors are encouraged to offer packaging machines that meet the existing requirements and are flexible enough to meet future requirements in terms of durability and cleanliness. They need to be careful while selecting components to build such machines. Due to competitive pressures and low margins, an increasing number of suppliers are finding it difficult to find cost-effective solutions while optimizing delivery times, which are critical to remain competitive in the regional filling equipment market.
This filling equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global filling equipment market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the filling equipment market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the filling equipment market encompasses successful business strategies deployed by the key vendors. The filling equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
aetnagroup.com - The company offers filling machines for beverage, food, detergents, lube and edible oil and tissue industries for flexible packaging.
aetnagroup.com - Under the unified segment, the company offers Robopac machinery, Robopac systems, Robopac packers, and others.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The filling equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the filling equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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44% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for filling equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increase in consumption in the beverage sector will facilitate the filling equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Private consumption expenditure in India in 2020 and the first half of 2021 declined by 6%, owing to the outbreak of COVID-19 in 2020. This decrease in consumption expenditure negatively impacted the growth of end-user industries and, in turn, affected the growth of the regional filling equipment market in 2020. However, new capital investments and strategic mergers and acquisitions are expected to positively influence the market growth during the forecast period. The implementation of large-scale COVID-19 vaccination drives led to a revival of operations in end-user industries, such as chemical and food and beverage, which is anticipated to boost market growth during the forecast period.
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The filling equipment market share growth by the food and beverages segment will be significant during the forecast period. The growing urbanization and health consciousness among individuals and rising disposable incomes of consumers have cumulatively contributed to an increase in the consumption of healthy and ready-to-eat food. These factors are anticipated to contribute to the rise in the sales of equipment such as filling equipment used in the food and beverage industry.
This report provides an accurate prediction of the contribution of all the segments to the growth of the filling equipment market size and actionable market insights on post COVID-19 impact on each segment.
Food and Beverage Filling Equipment market - The market share is expected to increase to USD 912.18 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.89%.
Filling Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.94% |
Market growth 2022-2026 |
$ 2.17 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.4 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 44% |
Key consumer countries |
US, China, Japan, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ACASI Machinery 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 Aktiengesellschaft, John Bean Technologies Corp., KRONES AG, Marchesini Group Spa, Rapak, Ronchi Mario SpA, Wenzhou Runli Machinery Co. Ltd, Shanghai Dahe Packing Machinery Co. Ltd., Shanghai Xingfei Packaging Machinery Co. Ltd., Syntegon Technology GmbH, The Adelphi Group of Companies, and Tetra Pak Group |
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 the 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. |
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