Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 22.16 Billion | USD 310.73 Billion | 34.1% | 2023 |
The global filling equipment market size was worth around USD 22.16 billion in 2023 and is predicted to grow to around USD 310.73 billion by 2032 with a compound annual growth rate (CAGR) of roughly 34.1% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Filling Equipment market on a global and regional level.
Equipment used to fill a variety of products such as tablets, liquids, chunky products, pastes, granules, powders, and others are known as filling equipment. They are primarily used to reduce manual and human errors. Filling equipment can be easily connected through Ethernet network to PLCs and then to computers. They offer some advantages such as high-speed connectivity and elimination of vibration. Technological advancements have opened up a new avenue for filling equipment. They are used in the series of production processes. These filling equipment are semi-automatic and manual. Semi-automatic filling equipment is partially automated and is not capable for feeding and triggering. On the other hand, manual filling equipment is robust and simple and do not depend on pneumatic and electric equipment.
Some of the major factors responsible for the growth of the global filling equipment market are changing consumer lifestyles, development of new filling technology, and automation & robotics in filling equipment. Moreover, favorable government policies are implemented for filling equipment services, which are creating new growth opportunities in the global market. Companies focus on improving productivity by adopting new innovations, effective research & development activities and advanced technologies; this will contribute to the largest market share in the coming years. Moreover, new strategies adopted by the companies such as enhance growth opportunities and improve product portfolio to enhance company revenue may fuel the global market growth. They also provide higher efficiency, flexibility, and precision. Conversely, increasing the cost of power & energy, high maintenance costs, and technical defects may hinder the global filling equipment market growth to some extent.
Based on the product,the global filling equipment market is divided as a liquid, solid, and semi-solid.
On the basis of type, the global market is classified as net weight, rotary, aseptic, and volumetric.
Based on processes, the global market is fragmented as automatic processes, manual, and semi-automatic.
On the basis of the industry, the global filling equipment market is categorized as cosmetics, food, pharmaceutical, and beverage.
Report Attributes | Report Details |
---|---|
Report Name | Filling Equipment Market |
Market Size in 2023 | USD 22.16 Billion |
Market Forecast in 2032 | USD 310.73 Billion |
Growth Rate | CAGR of 34.1% |
Number of Pages | 200 |
Key Companies Covered | JBT Corporation, Accutek Packaging Equipment Companies Inc., Krones Group, Tetra Laval and Bosch Packaging Technology. Other players influencing the global market include Scholle Packaging, GEA Group AG, Ronchi Mario S.P.A., Coesia Group, and KHS GMBH |
Segments Covered | By product, By type, By processes, By industry and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific contributed for the largest market share across the world. It has opened up lucrative growth opportunities due to exponential growth in the urbanization. Exponential growth in this region coupled with a rise in disposal income may influence the global filling equipment market in a positive way. Moreover, increasing affluence of the middle-class people and growing opportunities in the consumerism are expected to boost the global market in the near future. Various strategies accepted by the enterprises such as mergers & acquisitions, partnerships, joint ventures, expansions, and others in Europe in order to expand market are contributing to the growth of the global market.
Major players in the global filling equipment market are:
By Product
By Type
By Processes
By Industry
Global Filling Equipment Market: Regional Segment Analysis
What Report Provides
FrequentlyAsked Questions
Equipment used to fill a variety of products such as tablets, liquids, chunky products, pastes, granules, powders, and others are known as filling equipment.
According to study, the Filling Equipment Market size was worth around USD 22.16 billion in 2023 and is predicted to grow to around USD 310.73 billion by 2032.
The CAGR value of Filling Equipment Market is expected to be around 34.1% during 2024-2032.
Asia Pacific has been leading the Filling Equipment Market and is anticipated to continue on the dominant position in the years to come.
The Filling Equipment Market is led by players like JBT Corporation, Accutek Packaging Equipment Companies Inc., Krones Group, Tetra Laval and Bosch Packaging Technology, Scholle Packaging, GEA Group AG, Ronchi Mario S.P.A., Coesia Group, and KHS GMBH.
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