Global Filling Machine Market Overview
The global filling machine market was valued at approximately USD 6.7 billion in the year 2018. The market is expected to witness a growth at a CAGR of 4.2% till 2025. The global filling machine industry is one of the leading contributors in packing equipment industry. The industrial applications of liquid filling machines are boosting the market growth and it is expected to continue in the coming years.
Some of the important factors like industrial development, adoption of automated technology and purchasing power parity are estimated to increase market growth by 2025. Technological evolution, increasing production demand and minimum human intervention are some of the aspects attracting the manufacturers to get technical support for operational processes.
MARKET SEGMENTATION OF GLOBAL FILLING MACHINE MARKET
The global filling machine market is segmented based on products, mode of operation, application and region. Based on the product, the market is segmented into Aseptic, Rotary, Net Weight, Volumetric, and Others. Based on the mode of operation, it is divided into automatic and semi-automatic. Based on the application, the market is classified into pharmaceutical, food, beverages, chemicals, personal care and others. Based on the region, the market is segmented into North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa.
GLOBAL FILLING MACHINE MARKET – PRODUCTS INSIGHTS
In regards to the market share, the Volumetric filling machine segment is estimated to see continuous growth because of its unique applications and features in various industries like pharmaceutical and beverage. The Volumetric machines are used for filling the exact amount of liquids, pastes or creams into containers. These machines are very efficient and easy to clean. Moreover, they have low maintenance and high-performance ratio. They are suitable for both small and large scale productions.
GLOBAL FILLING MACHINE MARKET – MODE OF OPERATION INSIGHTS
As far as the market growth is concerned, the automatic filling machine segment is expected to see good growth by the year 2025. The growth of the food and beverages industry worldwide is one of the major reasons for that. Continuously increasing demand for packaged food and beverages, huge customer base of young population on developing regions like Asia Pacific and the adaptation of the western lifestyle by youth are some of the important factors that will increase the demand of auger filling machines.
GLOBAL FILLING MACHINE MARKET – APPLICATION INSIGHTS
The increasing demand for food, beverages and pharmaceutical applications is expected to drive the growth of the global filling machine market. Beverages, food and pharmaceutical applications led the application segment with major market share.
Rapidly growing population in the Asia Pacific is estimated to increase the demand for products in the food and beverage industry. As a result, it will contribute to the growth of the filling machine market in the region. In addition, critical and temperature-sensitive pharmaceutical products like vaccines and drugs require protection, which is one of the major reasons for the increasing demand of powder filling machines in the pharmaceutical industry.
GLOBAL FILLING MACHINE MARKET – REGIONAL INSIGHTS
In the year 2018, Asia Pacific was the leading regional market and the trend is expected to be the same till 2025. Constantly increasing demand of the convenience food is expected to remain the driving force behind the growth of the filling machine market in Asia Pacific. Apart from that high young population preferring packaged food, increase in the middle-class population, high spending power and increasing interest of investors in Asia Pacific region are expected to contribute to the growth of the filling machine market in the region.