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Worldwide Filling Machines Market to 2027 - Impact of COVID-19
DUBLIN, July 2, 2020 /PRNewswire/ -- The "filling machines - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global filling machines market accounted for $5.66 billion in 2019 and is expected to reach $9.65 billion by 2027 growing at a CAGR of 6.9% during the forecast period. Growth in urbanized population and rising demand of individuals toward packaged and processed products are the major factors driving market growth. However, limited production capacity and its high cost are restraining market growth.
The Filling Machines are utilized to fill the receptacle, for example, glass containers, cans, bottles, bags, with a fixed measure of the products such as food, beauty care products, medication, and others. They are utilized for the packaging of liquids and powders with great precision and strict hygienic conditions. It is generally utilized in the food and beverage and packaging industries.
Based on application, the food and beverage industry segment is likely to have a huge demand due to rising tendency of youth toward western way of life, enormous customer base of youth in developing countries of the region. Manufacturers opt for automation and technological advancements in the process to maintain demand-supply balance. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to increasing demand for convenience food, rise in the middle-class population, high spending power, huge youth population preferring processed & packaged food, growing health awareness, and increased interest of foreign investors in the region.
Some of the key players profiled in the Filling Machines Market include Accutek Packaging Equipment Companies Inc, Barry-Wehmiller Companies, GEA Group, John Bean Technologies Corporation, KHS GmbH, Krones AG, Robert Bosch GmbH, Ronchi Mario S.p.A and Tetra Laval International S.A.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019, 2020, 2024 and 2027