ALBANY, N.Y., Nov. 10, 2020
- Revenue in filling machines market surpassed US$1 billion in 2019, growth to be spurred by penetration of flexible and novel packaging by food and beverages brand
- Asia Pacific emerges as cynosure of attention among filling machines equipment manufacturers, industry players to capitalize on the synergy of collaborations, especially in China
ALBANY, N.Y., Nov. 10, 2020 /PRNewswire/ -- Filling machines can be considered as a type of versatile packaging equipment. For packaging companies their adoption among different end-use industries, particularly food and beverages industry, is a key advancement to the increasing trend of packaging automation.
The on-to-go packaging trend in the food and beverages industry and the demand for flexible packaging designs in diverse end-use industries have been shaping the evolution of the filling machines market.
Manufacturers, notably in Germany and Italy, who want to consolidate their presence to new, emerging geographical markets are entering into collaborations with end-use industries. Also, the demand for aseptic packaging by pharmaceutical and food industries will endow lucrative avenues to manufacturers in the filling machines market during the assessment period.
Analysts at TMR assert that suppliers in Asia Pacific have low bargaining power due to several of them operating in the region. Also, they observe that numerous manufacturers in the filling machines market are leaning on expanding their production capacity to meet the rise in demand for flexible packaging during the forecast period.
All the aforementioned factors and many more avenues lying untapped, the global filling machines market is projected to clock CAGR of over 4% during 2019–2027. In 2019, the estimated revenue was more than worth 1 Bn.
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Key Findings of Filling Machines Market Report
Explore 258 pages of top-notch research, incisive insights, and detailed country-level projections on Filling Machines Market (Machine Type: Form-Fill-Seal Machines [Vertical Form-Fill-Seal Machines, Horizontal Form-Fill-Seal Machines], Automatic Filling Machines; Packaging Type: Pouches [3-side Seal Pouches, 4-side Seal Pouches], Cups, Tubes, Blisters, Bottles; Operating Speed: 5k to 10k PPH, 10k to 15k PPH, and 15k to 20k PPH; Packaging Capacity: 0.25 ml to 4 ml, 5 ml to 10 ml, 11 ml to 20 ml, 21 ml to 25 ml; Product Form: Powder & Granules, Liquid; End-Use Industry: Food, Beverages, Chemicals & Fertilizers, Personal C. & Cosmetics, Homecare & Toiletries, Pharmaceuticals, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 https://www.transparencymarketresearch.com/filling-machines-market.html
Filling Machines Market: Key Driving Factors and Promising Avenues
Analyze global filling machines market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Filling Machines Market: Regional Landscape
Asia Pacific has been emerging with vast revenue potential. Several equipment manufacturers in the global filling machines market have expanded their presence by eyeing opportunities in the emerging economies of Asia Pacific. Especially players tapping opportunities in India and China are leaning on offering versatile and cost-effective machines.
Filling Machines Market: Competitive Dynamics
Most players are relentlessly aiming at offering high-speed packaging to meet the demand for automated packaging lines of end-use industries. One key strategic moves that will help many players gain stronghold in the Asia Pacific filling machines market is collaborations with end-use industries. China has emerged as hotbed of opportunities for suppliers and manufacturers.
Top players aim at leveraging the twin strategy of product differentiation and product portfolio expansion to prove their might in the filling machines market. Some prominent manufactures have also leveraged the strategy of acquisition to consolidate their positions in the global market.
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Some of the key players looking to strengthen their positions or shares in the market are
Filling Machines Market: Taxonomy
Automatic Filling Machines
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