NEWARK, DEL, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global industrial filling machine market is anticipated to reach a valuation of US$ 12.2 billion in 2023, driven by rising demand from the food & beverage industry. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.0% between 2023 and 2033 and reaching a total valuation of approximately US$ 18.1 billion by 2033.
One of the key factors expected to fuel the growth of the industrial filling machine market is the rising demand for packaged consumer goods. The demand for packaged products such as food and beverages, pharmaceuticals, cosmetics, and chemicals is witnessing significant growth, with the global population rising and changing consumer preferences. Industrial filling machines are vital in efficiently and reliably filling various containers, bottles, pouches, and tubes, meeting the increasing demand for packaged goods.
Automation is another factor driving the growth of the industrial filling machine market. Manufacturers across industries are increasingly adopting automation solutions to enhance their production processes. Industrial filling machines offer automation capabilities that enable seamless integration into existing production lines, allowing faster and more accurate filling operations. Automation improves productivity and enhances product quality and consistency by reducing manual labor and human errors.
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The growing emphasis on sustainability is also contributing to the growth of the industrial filling machine market. Manufacturers are increasingly adopting eco-friendly practices and materials to reduce their environmental footprint. Industrial filling machines are being designed with features supporting sustainable packaging, such as handling recyclable materials and minimizing material wastage. The machines help manufacturers align with their sustainability goals and meet regulatory requirements by incorporating energy-efficient components and optimizing resource utilization.
Key Takeaways from the Market Study
- The global industrial filling machine market was valued at US$ 11.8 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.4%.
- Germany is expected to hold a dominant CAGR of 3.9% during the forecast period.
- By machine output, the above 1000 fills/hr segment is expected to constitute a CAGR of 3.9% in 2033.
- Based on End-Use Industry, the food & beverage segment is expected to dominate the market with a CAGR of 3.8% in 2033.
- From 2023 to 2033, the industrial filling machine market is expected to flourish at a CAGR of 4.0%.
- By 2033, the market value of industrial filling machines is expected to reach US$ 18.1 billion.
Stringent regulatory requirements across the globe are a major factor expected to propel the growth of the industrial filling machine market shortly, remarks an FMI analyst.
“Industrial Filling Machines in streamlining production processes across various industries. These machines have emerged as indispensable tools, facilitating precision and efficiency in filling a wide range of products, and are poised to witness substantial growth as industries continue to prioritize automation and quality control." opines an FMI analyst, Ismail Sutaria.
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Competitive Landscape
Prominent players in the industrial filling machine market are
- Nichrome Packaging Solutions,
- Romaco Group,
- PAXIOM,
- Allfill Inc.,
- NALBACH ENGINEERING COMPANY,
- Syntegon Technology GmbH,
- JBT Corporation,
- GEA Group Aktiengesellschaft, Coesia S.p.A,
- Ronchi Mario S.p.A.,
- Barry-Wehmiller,
- IPK Packaging,
- SS Automation & Packaging Machines,
- UV Fill Pack Engineers,
- Adinath International,
- E-PAK Machinery,
- Tokyo Automatic Machinery,
- Bossar Packaging,
- Fres-co System USA, Inc, and
- Pakona Engineers Pvt Ltd.,
- among others.
Recent Developments
- In 2021, Tetra Pak launched the Tetra Pak® E3/Speed Hyper, a new filling machine that enables ultra-high-speed production of beverages while reducing energy consumption. The machine combines speed, precision, and sustainability, catering to the growing demand for efficient filling solutions.
- In 2020, CFT Group developed the new Giro Fillstar FX rotary filling machine, designed for high-speed filling of a wide range of liquid products. The machine incorporates advanced technology for improved hygiene, precision, and operational efficiency.
- In the same year, Krones AG launched the EvoLite, a compact and modular filling system suitable for small and medium-sized breweries. The machine offers efficient filling, reduced footprint, and ease of operation, addressing the specific needs of craft breweries.
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Key Segmentations-
By Machine Output:
- Upto 100 Fills/Hr
- 101 to 500 Fills/Hr
- 501 to 1000 Fills/Hr
- Above 1000 Fills/Hr
By Automation:
- Manual Industrial Filling Machine
- Semi-automatic Industrial Filling Machine
- Automatic Industrial Filling Machine
By End Use Industry:
- Agriculture
- Food & Beverages
- Building & Construction
- Chemicals
- Personal Care & Cosmetic
- Pharmaceutical
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
More Valuable Insights Available
The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power. Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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