The Filling Equipment Market size is projected to reach US$ 11,421.6 million by 2031 from US$ 9,756.8 million in 2023. The market is expected to register a CAGR of 2.0% in 2023–2031. Substantial industrial development, rising consumer purchasing power parity, and growing adoption of automated technology are the factors that are expected to propel filling equipment market growth over the forecast period.
Filling Equipment Market Analysis
Required production results, advanced technological support, the least human intervention, and integration of automation and robotics are some of the key factors drawing manufacturers' attention to opt for filling equipment. Strict government regulations for beverage, food, and associated industries are pushing filling machine producers to select for standardization in order to assert the quality of the product and required hygiene. Furthermore, increasing concentration of consumers toward convenient processed and packaged products, population growth, increasing income, growing urbanization, and health awareness are projected to drive the demand for filling equipment over the forecast period.
Filling Equipment Market Overview
Filling equipment is the machines exploited for filling solid, semi-solid, powder, and liquid forms of products in holding containers such as boxes, bags, bottles, or pouches. The market is classified into process, product, end user, and geography. Based on process, the market is divided into manual, semi-automatic, and automatic. Based on product, the market is categorized into solid, semi-solid, liquid, and powder. The liquid is anticipated to be the fastest-growing segment over the forecast period. On the basis of end user, the market is segmented as pharmaceutical, food and beverage, cosmetic, and others. The increasing demand for filling equipment in the FMCG industry is one of the key driving factors for the market. However, High Installation and maintenance expenditures may impede the growth of the market in some applications.
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Filling Equipment Market: Strategic Insights
Market Size Value in US$ 8.87 Billion in 2019 Market Size Value by US$ 10.62 Billion by 2027 Growth rate CAGR of 2.4% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Filling Equipment Market: Strategic Insights
| Market Size Value in | US$ 8.87 Billion in 2019 |
| Market Size Value by | US$ 10.62 Billion by 2027 |
| Growth rate | CAGR of 2.4% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Filling Equipment Market Drivers and Opportunities
Increasing Demand for FMCG Products is Expected to be the Prime Driver for the Filling Equipment Market
The evolution of the fast-moving consumer goods (FMCG) industry in developed and developing nations, owing to the growing number of new players, is anticipated to propel the demand for filling the equipment market globally. The growing number of FMCG product manufacturers worldwide creates extensive demand for filling and packaging technologies, which, in turn, boosts the application of the filling equipment market. Filling and packaging have become a major part of the product branding. Manufacturers are investing highly in standard filling and packaging technologies to maintain hygiene to keep pace with government guidelines. The packaging of a product demonstrates a crucial role as it primarily draws consumer attention towards any product. Thus, the growing proliferation of product branding and marketing, along with the focus on process automation for operational time efficiency, are acting as major driving factors for the filling equipment market.
Growing Technological Advancement in the Filling and Packaging Solutions
Growing focus on process automation and rising technological advancement in the packaging and filling solutions are anticipated to offer high opportunities for the filling equipment in various industries such as food and beverages, pharmaceutical, FMCG, and Chemicals, among others. Increasing adoption of IoT, artificial intelligence, and data monitoring systems by product manufacturers to enhance operational efficiency and production time is also estimated to drive the filling equipment market growth over the forecast period.
Filling Equipment Market Report Segmentation Analysis
Key segments that contributed to the derivation of the filling equipment market analysis are process, products, and end user.
- Based on process, the market has been divided into manual, semi-automatic, and automatic. The semi-automatic segment held a larger market share in 2023.
- Based on products, the market has been divided into solid, semi-solid, liquid, and powder. The liquid segment held a larger market share in 2023.
- In terms of end user, the market has been segmented into food & beverage, pharmaceutical, cosmetic, and others. The food and beverages segment dominated the market in 2023.
Filling Equipment Market Share Analysis by Geography
The geographic scope of the Filling Equipment Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific dominated the filling equipment market in 2023. The Asia Pacific region includes China, Australia, India, Japan, and South Korea. High development and the rising proliferation of advanced technology, such as semi-automated or automated filling equipment in food & beverages, FMCG, and chemical manufacturing hubs, are anticipated to propel the growth of the market over the forecast period. The high presence of filling equipment manufacturers is also contributing to the growth of the filling equipment market in Asia Pacific. Increasing household income and rising preference for cosmetics and processed food items are supporting the development of the food and beverage, pharmaceuticals, and FMCG industries in Asia Pacific, which in turn is having a positive impact on the market in the region. As the filling equipment plays a crucial role in the product process of the products, the manufacturing companies are highly focusing on incorporating high-end filling equipment to maintain hygiene and operational efficiency. Thus, the rising focus on new product development and technological advancement is anticipated to propel the growth of the market in the Asia Pacific.
Filling Equipment Market Report Scope
Filling Equipment Market News and Recent Developments
The Filling Equipment Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for filling equipment market and strategies:
- On June 2021, ACMA launches, which is a part of COESIA S.p.A., introduced "Ecoshell," which is a sustainable paper-based packaging technology specifically fabricated for the confectionery industry. (Source: ACMA, Press Release/Company Website/Newsletter)
- On March 2024, GEA Group Aktiengesellschaft introduced a novel cloud-driven web application specifically for food processing and packaging products at the Anuga FoodTec trade show. (Source: GEA Group Aktiengesellschaft, Press Release/Company Website/Newsletter)
Filling Equipment Market Report Coverage and Deliverables
The “Filling Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Process , Product , and End-user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Benelux, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Malaysia, Mexico, Philippines, Russia and CIS Countries, Saudi Arabia, Singapore, South Africa, South Korea, Thailand, United Arab Emirates, United Kingdom, United States, Vietnam
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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