iCrowd Newswire
18 May 2022, 01:02 GMT+10
According to a recent report published by Allied Market Research, titled, "Filling Equipment Market by Sales Type, Process Type, Product Type and End-user Type: Opportunity Analysis and Industry Forecast, 2020–2027," the global filling equipment market size accounted for $17.8 billion in 2019 and is expected to reach $23.5 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027. In 2019, Asia-Pacific dominated the global market, in terms of revenue, accounting about 35.6% share of the global filling equipment industry, followed by Europe, North America and LAMEA.
global filling equipment market in 2019, in terms of revenue. The demand for the new machinery segment is expected to increase with the expansion of food & beverage and pharmaceutical production facilities. Moreover, on the basis of process type, the automatic segment dominated the market and is expected to remain dominant during the forecast period as the use of automatic filling machinery in manufacturing facilities is economical, efficient and reliable
Download PDF Sample Report : https://www.alliedmarketresearch.com/request-sample/1014
There is growing demand for packaged food mainly because of the rising busy lifestyle. Further, easy availability of packaged food is also boosting the sales of packaged food. Hence, the rise in packaged food market will drive the filling equipment market growth. Moreover, the fast moving consumer goods (FMCG) industry is witnessing rapid growth and forming an integral part of the economy. For example, FMCG is among the top 5 largest sectors in the Indian economy. Further, many major players such as Krones AG, Salzgitter AG (KHS Group) and others, have planned to invest millions of dollars in the expansion projects that are to be carried out during the forecast period to diversify the product portfolio and offer better service to the customers.
Thus, rise in use of FMCG products and pharmaceutical products has led to increase in production capacity, which eventually increases the sales of new filling equipment and also increases the need of spare parts due to corrosion of the equipment. For instance, Unilever is opening a new plant in Dubai that will be producing beauty and personal care products. The company has planned to invest $250-$300 million for a 100,000 square meter plant. Thus, such expansions will help in the filling equipment market growth during the forecast period
Get detailed COVID-19 impact analysis : https://www.alliedmarketresearch.com/request-for-customization/1014
In terms of sales type, the new machinery segment secured the highest share of over 73.1% in the global filling equipment market in 2019 and is expected to grow at a CAGR of over 4.0% during the forecast period. In terms of process type, the automatic filler segment is expected to contribute the highest filling equipment market share in the coming years, as rise in the production of consumable products is estimated to fuel its growth. The pharmaceutical segment is expected to grow at the highest CAGR during the forecast period.
Region wise, the filling equipment market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/1014
Key Market Segments
By Sales Type
By Process Type
By Product Type
By End-user Industry
Key Findings Of The Study
Full Report With TOC : https://www.alliedmarketresearch.com/filling-equipment-market
Contact us:
David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975
Tags: Filling Equipment market manufactures, packaging Filling Equipment, filling equipment, Filling Equipment market
See Campaign: https://www.alliedmarketresearch.com/filling-equipment-market
David Correa
Tags:PR-Wirein, Financial Content, iCN Internal Distribution, Research Newswire, EnglishGet a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationWashington [US], July 6 (ANI): 'Night Sky,' a science fiction show on Amazon Prime Video that starred Sissy Spacek and ...
Korat, Thailand - For three years, Lek secretly cultivated her cannabis plants in rural northeastern Thailand, still afraid of arrest ...
Curious Kids is a series for children of all ages. If you have a question you'd like an expert to ...
New Delhi [India], July 5 (ANI): China wants instability in Myanmar, and wishes to remain a major controlling player in ...
Washington [US], July 4 (ANI): A new research from the Oxford Flight Group using computer simulations and Hollywood-style motion capture ...
Amman - Workers at Jordan's Red Sea port of Aqaba began a work stoppage Sunday to protest poor safety precautions ...
New Delhi [India], July 7 (ANI): Television news anchor Rohit Ranjan who has been facing multiple FIRs filed against him ...
Those seeking to ?judge? Russia might face the ?wrath? of God, the country's ex-president has cautionedRussia's former president, Dmitry Medvedev, ...
Larry the Cat's Twitter account calls on British PM to step down amid mounting pressureA long-time 'employee' at 10 Downing ...
Thiruvananthapuram (Kerala) [India], July 7 (ANI): Congress leader Shashi Tharoor on Thursday clarified that everything he tweets is his 'personal ...
Bengaluru (Karnataka) [India], July 7 (ANI/Hunk Golden and Media): In a fast-growing market that has demonstrated an appetite for homegrown ...
washington - Russian influence peddlers appear to have narrowed their focus as they continue attempts to sow disunity and undermine ...