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11
Nov-2019
Understand the changing dynamics in the Global Filling Equipment Market
The Global Filling Equipment Market was worth USD 7.54 billion in 2019 and estimated to be growing at a CAGR of 6.5%, to reach USD 10.33 billion by 2024.
Filling Equipment Market Introduction:
Filling equipment is used to fill a variety of products such as liquids, pastes, powders, tablets, thick products, granules and others. The reduction of human effort and manual errors are the main advantages of filling equipment. There is a possibility to connect via the Ethernet network to programmable controllers and computers integrated into modern machines. In addition, vibration elimination and high-speed connectivity are some of the features of the filling equipment. Technological advances offer new ways to this equipment.
Equipment used to fill a variety of products such as tablets, liquids, thick products, pastes, granules, powders and the like is known as filling equipment. They are mainly used to reduce manual and human errors. The filling equipment can be easily connected via an Ethernet network to a PLC and then to computers. They offer some benefits, such as high-speed connectivity and vibration elimination. These filling devices are semi-automatic and manual. Semi-automatic filling equipment is partially automated and cannot feed or fire. On the other hand, standard filling equipment is robust and straightforward and does not depend on pneumatic and electrical equipment.
Growth factors:
Among the main factors responsible for the growth of the global filling equipment market are the changing lifestyles of consumers, the development of new filling technologies, the automation and robotics of filling equipment. In addition, favorable government policies are implemented for the provision of equipment services, which create new opportunities for growth in the global marketplace. Businesses focus on improving productivity by adopting innovations, active research and development, and cutting-edge technologies. This will help to increase market share in the coming years. Besides, new strategies adopted by companies, such as improving growth opportunities and improving the product portfolio to increase their revenues, can stimulate growth in the global market. They also offer higher efficiency, flexibility and precision. On the contrary, rising energy costs, high maintenance costs and technical defects can make it difficult for the global filling equipment market.
Key trends:
- Convenient packaging solutions are emerging as one of the millennium's preferred packaging options because of the current food trend that is consistent with the accelerated shelf life of this consumer base. The demand for convenient food packaging has generated miniaturized containers around the world, with small packages growing in popularity.
- The automation of packaging should redefine the future of the packaging sector. Production line automation allows packaging solution providers to take advantage of efficiency and ingenuity because they can be assured of high production levels. Also, achievable coherence is likely to focus more attention on automatic packaging machines. With the moderate price of filling machines, the adoption of automatic variants has become an essential strategy for increasing the productivity of packaging companies.
- The demand for efficiency and consumer hygiene focuses on the manufacturer's efforts on aseptic filling machines. The need for aseptic packaging continues to grow, particularly in the food and pharmaceutical sectors, as consumers are becoming more aware of healthy and sterile products. Compliance with food safety standards remains a critical factor in the popularity of the aseptic filling machine market.
- Beverage consumption has increased significantly in recent years. Soft drinks and healthy drinks gained significant traction, increasing bottle filling activities in all packaging lines. Also, while contemporary fast-food consumers are opting for easy-to-distribute beverage packaging, manufacturers are now focusing on the development of efficient bottle filling machines.
- Single-use packaging is becoming popular among consumers, as a result of how much food packaging is gaining strength. The demand for single-use containers is also supported by the growing inclination of consumers for pre-packaged snacks and foods, which reinforces the need for filling machines.
- The diversity of products in the food sector has created a demand for flexibility for filling applications. This includes changing tools, changing prescriptions and optimal cleaning applications between two different filling requirements, creating a new dynamic for new filling machines.
- The packaging machinery industry has cited the integration of new cutting-edge systems that provide constant, fast and accurate filling, improving the overall efficiency of the packaging workshop. Thanks to the high-speed filling machines, the requirements for high-speed packaging.
Regional Analysis:
The Asia-Pacific was the largest regional market in 2018, and this trend is expected to continue during the forecast period. The growing demand for prepared foods is likely to lead to growth in the filling machine market in this region. It is also expected that an increase in the middle-class population, high purchasing power, a large youth population that prefers processed and packaged foods, greater health awareness and higher interest of foreign investors in the region will augment the Asia Pacific market.
North America should experience a significant growth rate. Europe is one of the main contributors to market growth. The presence of the main actors, including KHS GmbH and the GEA Group, restructures market growth through active product research and development and innovation capabilities.
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