North America Filling Equipment Market

North America Filling Equipment Market Growth and Forecast (2023 - 2028):

The North America Filling Equipment Market was worth USD 2.87 billion in 2022 and estimated to be growing at a CAGR of 6.98%, to reach USD 4.02 billion by 2028. 

Market Overview:

Filling equipment is an equipment used for filling variety of products such as liquids, pastes, powders, tablets, chunky products, granules, and others. Filling equipment are extensively used in cosmetic, pharmaceuticals, food and beverages industry. The efficiency of the companies is determined by the precision and accuracy of packaging lines.

Filling equipment are extensively used in industries such as food, beverage, pharmaceutical, cosmetic and other industrial applications such as filling of chemical, fuels and petrochemicals. Technological advancements present new avenues for filling equipment. The reduction in human efforts and manual errors are prime benefits of filling equipment. The ability to connect through Ethernet network to PLCs and computers incorporated in recent machines. Moreover, elimination of vibration, and high-speed connectivity are few features of filling equipment.

Drivers and Restraints:

Some of the major drivers for the North America Filling Equipment are Development of new filling technology, automation & robotics and changing consumer lifestyles. With changing life style, the demand for small size food and beverages packs which are easy to carry and handle is increasing. This is ultimately resulting into the improved demand for advanced filling equipment in manufacturing industries. However, there are restraints such as high filling equipment cost and increasing costs of energy and power.

North America Filling Equipment Market Segmentation Analysis:

The market for Filling Equipment is categorised by Industry, Type, Process and Product. On the basis of Industry, the filling market is segmented into Food, Beverage, Pharmaceutical and Cosmetics. On the basis of Type, the market is segmented into Rotary, Volumetric, Aseptic and Net Weight. On the basis of Process, the market is segmented to Manual, Semi-Automatic and Automatic. On the basis of Product, the market is segmented to Solid, Semi-Solid and Liquid.

Region Analysis:

Geographically the North America Filling Equipment Market is segmented into US, Canada, Mexico and Rest of North America. As of 2016, North America leads the global Filling Equipment market, accounting for more than 36% of the entire market share. The increased government funding focused on enhancing the packaging facility is the prime growth driver for the market in this region. The North America market is growing at a CAGR of 6.98%.

Key Players in the Market:

Major Key Players in the North America Filling Equipment Market are

• Krones AG
• Accutek Packaging Equipment Companies Inc
• Robert Bosch GmbH
• Bosch Packaging Technology
• Coesia S.P.A
• Tetra Laval Group
• GEA Group AG
• KHS GMBH
• JBT Corporation
• Ronchi Mario S.P.A
• Scholle Packaging