Filling Equipment Market (Type - Rotary Fillers, Volumetric Fillers, Aseptic Fillers, Net Weight Fillers, and Others; Process Type - Manual, Semi-automatic, and Automatic; Product Type - Solid, Semi-solid, and Liquid; Application - Food and Beverage, Pharmaceutical, Cosmetic, and Other Industrial Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

A recent report published by Infinium Global Research on filling equipment market provides an in-depth analysis of segments and sub-segments in the global as well as regional filling equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional filling equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global filling equipment market. According to the report, the global filling equipment market is projected to grow at a CAGR of 4.7% over the forecast period of 2020-2026.

Market Insight

Fillers equipments is an essential part of the packaging. They are mainly used in the food & beverage as well as the pharmaceutical industry. They are also used in wide range of applications such as cosmetics and other industrial applications such as filling of chemicals, petrochemicals, and fuels. According to the type of product, filling equipments offer creative packaging. Filling equipment is convenient for large scale filling of the containers at high speed and with accurate measurement. These are used to fill either a bottle or a pouch, depending on the product requirement. The recent COVID-19 outbreak and the containment measures introduced by governments across the world have affected the manufacturing sector to a large extent. However, the packaging sector around the world has witnessed more significant benefits as compared to other industries that are affected by COVID-19 pandemic. As the manufacturing of essential products such as food and medicines were not halted, the demand from these industries continued to remain stable.

Besides that, the pandemic has also caused an upsurge in the demand for certain medicines and decontamination chemicals. This, in turn, has caused companies to ramp up production, resulting in increased demand for packaging materials and equipments. All these factors show that the demand for filling equipment from chemical, pharmaceutical, and f&b industry is less likely to be affected by the COVID-19 crisis. On the other hand, the demand for these equipments from packaging sectors involved in products other than daily essentials and medicines will be low for the short term as these units were shut down and are in the loss as these product requirement has almost become zero.

Moreover, over the medium and short term, rapid growth in demand for FMCG and pharmaceutical products will propel the need for effective production is augmenting the demand for filling equipment market. Changing consumer lifestyle, rising demand for creative packaging and the growing need for packaging in various sizes are some factors that propel the demand for filling equipment market growth. However, the high cost of filling equipment hampers the filling equipment market. In addition, the growing adoption of automation and robotics in the field of filling and packaging equipment will offer immense opportunity in the near future. Furthermore, technological innovation in the packaging along with stringent regulation of food service industry to maintain food safety and standards will anticipate the market growth in the forecast period. 

Geographically, Asia Pacific held the largest share in Commercial food warming and holding equipments market in 2019. China is a key revenue generator in Asia Pacific filling equipment industry. Factors such as the presence of a large number of food and beverage and pharmaceutical industries, stringency in government norms, and high rate of adoption of energy efficient product will increase demand for filling equipment market in this region. Further, North America is projected to witness rapid growth in the forecast period owing to increasing purchasing power of consumer and the rapid growth of manufacturing industries.

Segment Covered

The report on the global filling equipment market covers segments such as type, process type, product type, and application. On the basis of type, the sub-markets include rotary fillers, volumetric fillers, aseptic fillers, net weight fillers, and others. On the basis of process type, the sub-markets include manual, semi-automatic, and automatic. On the basis of product type, the sub-markets include solid, semi-solid, and liquid. On the basis of application, the sub-markets include food and beverage, pharmaceutical, cosmetic, and other industrial applications.

Companies Profiled:

The report provides profiles of the companies in the market such as Krones AG, Robert Bosch GmbH, Coesia S.p.A., Scholle IPN, GEA Group, Tetra Laval Group, Accutek Packaging Equipment Companies, Bevcorp LLC, Coster Tecnologie Speciali S.p.A., and Eaton Corporation.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of filling equipment market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.