According to Vision Research Reports latest market report on the filling machines market for the historical period of 2015-2019 and forecast period of 2020-2027, the increased demand for food, beverages, and consumer packaging is estimated to drive the market.
Globally, revenue generated by the filling machines market is estimated to be over 1 billion in 2019, and is expected to expand at a CAGR of over 4% in terms of value throughout the forecast period. The filling machines market size is exopected to reach around US$ 1.5 bn by 2027.
Filling machines are packaging machines that measure a product and fill the same in specified packaging products, such as flexible packaging pouches, cans, bottles, etc. The automatic filling machines are expected to outpace form-fill-seal machines in the market. Key players in the filling machine market are focusing on offering smart maintenance services along with the high optimization of packaging processes in their product lines, as such, escalating the growth of the automatic filling machines market. Considering the filling machine markets in developing countries, small packages such as sachets and pouches are more affordable than large packaging formats. Filling machines are successfully used for packaging in many industries, as they greatly reduce the packaging time as compared to separate machines for each function, such as machines/tools for package forming, filling the finished product, and finally sealing the package. All these factors are contributing to driving the growth of the filling machines market in the near future.
The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
Filling Machine Manufacturers Capitalizing on Key Industry Trends
Competitor Winning Strategies to Remain on a Growth Course
With major opportunities in the Asia Pacific region, filling machine manufacturers are expanding their businesses in key countries in Asia Pacific. China is a hub of opportunities for filling machine manufacturers. With the major presence of small-scale enterprises in Asia Pacific, the demand for cost-effective packaging machines remains high. Manufacturers present in Italy and Germany offer high-quality and technologically enhanced packaging machines, making the machines offered by Chinese and Indian manufacturers an economical choice for end users. Filling machine providers such as SIG are considering collaborations with end users in Asia Pacific, extending their supply landscape. European companies are planning to expand their presence in China through acquisitions and joint ventures with local companies.
The continually growing demand for aseptic packaging across both, the pharmaceutical and food and beverage sectors, has garnered manufacturers’ attention. Besides, expanding consumer reach by means of product differentiation and targeted product designing is further gaining grounds. With greater emphasis given to aseptic packaging by consumers looking for greater hygiene, filling machines market players are maintaining focus on aseptic packaging, aiming to extend consumer reach.
Research and development activities are oriented towards providing versatile machines and increased efficiencies. The development or procurement of improved filling machines, with an objective to boost the overall productivity of packaging lines and achieve faster and greater capacity with filling machines, is cited as a long-term strategy for providers.
Filling machine manufacturers have concentrated their efforts towards portfolio expansion and product differentiation. As the filling machines market involves the participation of various manufacturers, emphasis on offering consumers improved products remains essential. Along with this, the transforming packaging landscape and trends shaping the packaging industry remain the focal point of manufacturers.
Filling Machines Market: Competitive Landscape
Two of the most vital strategies adopted by filling machines market players include the acquisition strategy and new product developments, focused at catering to the demand from profit-churning end-use sectors, including the food and pharmaceutical sectors. Among the distinct applications of filling machines, their rising significance in beverage filling applications remains a pivotal aspect for the filling machines market. Apart from these primary strategies, filling machines market players are expected to focus on key supply partnerships, and on bringing vital improvements in filling machines to meet increased productivity requirements. The preference for automatic filling machines has stirred new innovations in the filling machines market. High productivity and enhanced quality of process remain vital factors that need to be addressed by filling machines market players.
Demand for Single-use Packages to Fuel Filling Machines Market Growth
High Import Duties and Expensive Machinery Hindering Market Growth
Smart Manufacturing through Automation of Existing Packaging Systems
China Represents High Potential for Sales of Filling Machines
Filling Machines Market: Competition Landscape
Filling Machines Market: Key Developments
In the global filling machines market report, we have discussed individual strategies, followed by company profiles of the manufacturers in the filling machines market. The ‘Competitive Landscape’ section is included in the filling machines market report to provide report audiences with a dashboard view and a company market share analysis of top manufacturers operating in the global filling machines market.
Mode of Operation Outlook
Central & South America
The Middle East and Africa
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