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Global Filling Equipment Market to Grow at a CAGR of 4% During 2021-2026, Aided by the Thriving Pharmaceuticals Industry

According to a new report by EMR titled, ‘Global Filling Equipment Market Report and Forecast 2021-2026’, the global market for filling equipment attained a value of about USD 18.5 billion in 2020. The industry is further expected to grow at a CAGR of 4% in the forecast period of 2021-2026 to reach a value of approximately USD 23.5 billion by 2026.

The global market for filling equipment is being aided by the robust growth of the pharmaceuticals industry. As the industry requires precision and accuracy, filling equipment is deployed in the packaging of medicines to prevent the risk of side effects in patients. Moreover, the utilisation of filling equipment ensures the sterility and consistency of products packaged, therefore bolstering the market growth. The cost-effectivity and enhanced productivity offered by filling equipment make it ideal for use in the packaging of drugs, which is propelling the market growth. In addition, the introduction of various stringent regulations to ensure the safety of drugs is surging the focus of drug manufacturers on optimal quality standards of pharmaceutical products. This, in turn, is increasing the demand for filling equipment to surge product quality, which is providing further impetus to the market growth.

JBT Corporation (NYSE: JBT), one of the leading companies in the market, launched its JBT AsepFlex Linear Pouch Filler in May 2019. The filler includes innovative features to minimise problems of linear packaging of pouches, such as low capacity and high rejection rate. The filler enhances operational capacity and improves the capacity to be efficiently deployed in the packaging of food and beverage products. It has the capacity to fill about 550 packs per minute, providing an efficiency rate of 95% while following the guidelines of the Food and Drug Association (FDA) of the United States. Moreover, the product also offers flexibility and can be utilised to fill various products ranging from infant nutrition to nutraceutical products. The development of such products is increasing the demand for filling equipment, hence fuelling the market growth.

Market Analysis by Sale Type, Process Type, Product Type, End User, and Region:

  • The market, on the basis of sale type, can be divided into new machinery and spare parts.
  • Based on process type, the industry can be divided into manual, semi-automatic, and automatic.
  • On the basis of product type, the market is classified into solid, semi-solid, and liquid.
  • The end users of filling equipment include food and beverage, pharmaceutical, personal care, and chemical, among others.
  • The regional markets for filling equipment include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for filling equipment in the personal care and cosmetics industry to enhance the quality and speed of packaging is aiding the market growth.
  • The market is being aided by the growing deployment of multifunctional filling equipment in the packaging of versatile and advanced cosmetics and personal care products.
  • The increasing demand for beverages is increasing the deployment of filling equipment to boost productivity in the beverages industry, which is fuelling the market growth.
  • The development of advanced and innovative liquid filling equipment to enhance the reliability and durability of products while increasing the cost-effectiveness is providing impetus to the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for filling equipment for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the sale types, process types, product types, end users, and major regions of filling equipment.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global filling equipment market are Accutek Packaging Equipment Companies, Inc., JBT Corporation, Krones AG, Ronchi Mario S.p.A, Salzgitter AG, and Tetra Laval Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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