Filling Machines Market Poised For Significant Growth Accelerated By Increasing Demand For Aseptic Packaging
Filling Machines Market |
Filling
machines ensure quality control and efficient packaging across food, beverage,
and pharmaceutical industries. Efficient filling and accurate dosing is crucial
for products ranging from milk and juices to vaccines and syrups. Filling
machines streamline operations, minimize wastage, and guarantee product safety
through aseptic filling technologies.
The
global Filling Machines Market is estimated to be valued at US$ 7.97 Bn in 2023 and is expected to
exhibit a CAGR of 5.7% over the
forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for aseptic packaging from end-use industries is the
major factor accelerating the growth of the filling machines market. Aseptic
packaging helps extend the shelf life of products without refrigeration, thus
witnessing increasing preference across industries. Furthermore, filling
machines equipped with latest aseptic technologies preventing contamination are
witnessing higher installation rates. Leading players are actively investing in
advanced research to develop novel aseptic solutions driving the evolution of
aseptic packaging technologies. The lucrative growth prospects of aseptically
packaged products are estimated to usher new opportunities for filling machine
manufacturers over the forecast period.
Segment Analysis
The global filling machines market is dominated by the liquid filling
sub-segment. Liquid filling machines account for over 60% of the overall market
share as they find widespread application across various end-use industries
like food & beverage, pharmaceuticals, personal care, etc. for filling
different kinds of liquids in containers. This is because liquids continue to
be the most commonly packed products globally and liquid filling machines offer
high-speed, contamination-free, and accurate filling and packaging of liquids.
Key Takeaways:
The Global
Filling Machines Market Size is expected to witness high growth over
the coming years supported by increasing consumption of packaged food and
beverages along with rising demand for pharmaceutical products globally.
Regional analysis: Asia Pacific currently dominates the global filling machines
market with a share of over 35% owing to rapid industrialization, urbanization
and growing population in countries like China and India. The region is
anticipated to continue leading the market during the forecast period supported
by shifting of manufacturing facilities from developed regions and setting up
of new plants across Asia Pacific. Europe and North America are other major
markets for filling machines while markets in Latin America and Middle East
& Africa are expected to grow at a fast pace over the coming years.
Key players: Key players operating in the global filling machines market are
Saint-Gobain, AGC Inc., Guardian Industries Holdings, Nippon Sheet Glass Co.,
Ltd, and Fuyao Group. Saint-Gobain is one of the global leaders in automotive
and construction glass while AGC is a major manufacturer of flat, automotive
and display glass. These companies have a well-established global distribution
network.
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more insights on this topic:
https://www.marketwebjournal.com/filling-machines-market-size-market-share-analysis/
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