Bottling Machinery Market Forecast and CAGR
According to latest research by Fact.MR, bottling machinery market is set to witness steady growth during 2021-2031. Demand for bottling machinery will witness steady recovery in short-term, with optimistic growth outlook in the long-run.
Mountingdemand in safety for food & beverages, medicine and cosmetics products bottling machinery are likely to gain growth momentum. Moreover, government emphasis on leveraging regional micro, small and medium enterprises will provide further optimistic push.
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What is Driving Demand for Bottling Machinery?
Bottle filling machines are experiencing surging demand in various industries such as pharmaceuticals, food & beverages and personal & health care. Reasonsbeing, the capacity expansion and extended product offerings in order to meet the exploding consumers demand.End use industryhas significantly emphasized on swift and efficient bottling machinery. This in turn is providing abundant opportunities to the machine manufacturers.
Food & beverages industry is amongst the fastest growing. Consumers across the globe are tilting towards easily available and ready to consume bottled foods. Globally there has been increase in consumers need for hygienic and safe food & beverage products. Preservative food which can stand for long duration usage has also gained popularity over decades. These factors are contributing towards growing bottled products, thus magnifying bottling machinery market.
In addition the manufacturers have kept innovating and incorporating new technologies in their machines to enhance efficiency and productivity. For instance, KanPark,a US based company developed a system for aseptic bottling. The sterile bottles gives longer shelf life to both low and high acid drinks, thus prevents it from getting contaminated.
Geographical Outlook of Global Bottling Machinery Market
Bottle machinerymarket covers six key regions, North America, Latin America, Europe, East Asia, South East Asia & Oceania and MEA. Among them, North America is anticipated to be prominent region owing to early technology adoption rate and its strong position in pharmaceutical industry. Their Rising consumption of pure fruit juice and alcoholic drinks is likely to cater the European market. Similarly, presence of large number of beverage manufacturing companies in Latin America, the region is expected substantial growth over forecasted period.
Countries like Japan, China & India have largest and fastest growing pharmaceutical industry. Similarly, growing consumption of bottled beverage products like milk and soft drinks is anticipated to propel the bottling machinery market in Asia Pacific region.
On other hand, rising travel and tourism industry in Middle East along with growing industrial development in Africa will result in creating numerous market opportunities for bottling machines in these region.
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COVID-19 Impact Outlook for Bottling Machinery Market
Globally, Covid-19 pandemic lockdown restrictions resulted in non-movement of man and materials. Across the globe manufacturing units were shut down and industries saw dip in their production and revenue.
During pandemic the pharmaceutical industries saw surge in demand for the medicines which kept fueling the bottling machinery market demand. Though, initially the bottling machinery experienced downfall butsoon there was spike in bottled food demand under essential items which provided further momentum. After 3rd quarter of 2020, nations across globe were lifting lockdowns, thus the bottling machinery market started coming on track with enhanced demand due to raised concern towards hygiene food products.
Segmental Analysis for Bottling Machinery Market
Bottle machinery market has been downpour with various type of products under various segments such as inline bottling machine, rotary bottling machine, piston filling, vacuum filling, manually operated machine, automatic machine, semi-automatic machine etc. these machines serve varied operations.
Plastic bottle type filling machine is anticipated to be growing exponentially over the assessment period owing to its advantage of being economical and shatter proof. Hot filling and aseptic filling bottles ensures hygiene and safe bottling of beverages. Moreover, modern inline and rotary bottling machines are adding pace and efficiency to the operations.
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Who are the Key Manufacturers and Suppliers of Bottling Machinery?
Some of the leading manufacturers and suppliers of Bottling Machinery include
- Tetra Laval
- Salzgitter AG
- GEA Group Aktiengesellschaft
- Krones AG
- Coesia S.p.A
- Synerlink
- Barry-Wehmiller Companies
- Biner Ellison
- IC Filling Systems.
- US bottlers machinery Co.
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