Global Filling Equipment Market 2017-2021
About Filling Equipment
Filling equipment is widely used in the packaging of various products, particularly food and beverages. Based on the product, filling equipment is used to fill either a pouch or a bottle. Filling machines find applications in the manufacturing industry to promote quality and efficiency of the manufacturing processes. Filling equipment is used to fill plastic bags, cartons, and bottles with the precise amount of product as per the weight/volume.
Technavio’s analysts forecast the global filling equipment market to grow at a CAGR of 5.32% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global filling equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Press Release
Technavio Announces the Publication of its Research Report – Global Filling Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global filling equipment market: Coesia, GEA Group, Krones, and Scholle IPN.
Other Prominent Vendors in the market are: Acasi, Accutek Packaging Equipment Companies, ALL-FILL, Bevcorp, Breitner, Busch Machinery, Coster Tecnologie Speciali, Cozzoli Machine Company, DS Smith, Eaton, E-PAK Machinery, Federal Mfg, FEIGE FILLING, Filamatic, FILLING EQUIPMENT, FRAMAX, IC Filling Systems, Inline Filling Systems, JBT, KHS, m+f KEG-Technik, MB Malek Brautech, Mondi, OPTIMA packaging group, PakMarkas, Robert Bosch, Ronchi Mario, Schur Star Systems, Sidel Group, Tetra Laval International, Universal Filling, and Visser Horti Systems.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing domestic shipments of packaging machinery in US. The US is one of the largest markets for shipments of packaging machinery, the value of which is expected to increase to approximately $8 billion by 2020. The high growth in this sector is mainly due to the increase in the demand from the food and beverage sector.”
According to the report, one driver in the market is rise in global packaging machinery market. The global packaging machinery market was valued at $40.93 billion in 2016 and is expected to reach $56.37 billion by 2021, growing at a CAGR of 6.61%. The global packaging machinery market has witnessed increased adoption due to factors like the growing applications of packaging machinery in a wide range of industries such as food and beverage, cosmetics, healthcare, and other consumer goods as well as a range of industrial sectors where packaging has become essential, owing to its increasing use in sync with the global economy.
Further, the report states that one challenge in the market is increased concerns over hygiene and safety of machinery parts. Packaging extends the shelf life and preserves the quality of products. Equipment used for beverage packaging should have features such as easy cleaning and sanitary processing. Food regularly comes in contact with various surfaces throughout the packaging line. Therefore, manufacturers prefer packaging equipment that is designed to maintain the strict hygiene standards. It is mandatory for equipment to have an auto-drain option, as residual liquids can lead to microbial growth while leftover cleaning fluids can contaminate products.
Companies Mentioned
Coesia, GEA Group, Krones, and Scholle IPN, Acasi, Accutek Packaging Equipment Companies, ALL-FILL, Bevcorp, Breitner, Busch Machinery, Coster Tecnologie Speciali, Cozzoli Machine Company, DS Smith, Eaton, E-PAK Machinery, Federal Mfg, FEIGE FILLING, Filamatic, FILLING EQUIPMENT, FRAMAX, IC Filling Systems, Inline Filling Systems, JBT, KHS, m+f KEG-Technik, MB Malek Brautech, Mondi, OPTIMA packaging group, PakMarkas, Robert Bosch, Ronchi Mario, Schur Star Systems, Sidel Group, Tetra Laval International, Universal Filling, and Visser Horti Systems.
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