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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.
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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.
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