Liquid Filling Machinery Market Forecast and CAGR
According to latest research by Fact.MR, liquid filling machinery market is set to witness steady growth during 2021-2031. Demand for Liquid Filling machinery will witness steady recovery in short-term, with optimistic growth outlook in the long-run.
Mounting demand in safety for food & beverages, medicine and cosmetics products, liquid filling machinery are likely to gain traction over forecast period. Moreover, government emphasis on leveraging regional micro, small and medium enterprises is likely to project potential growth opportunities in the liquid filling machine.
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What is Driving Demand for Liquid Filling Machinery?
The liquid filling machinery market is climbing heights as the end use industries such as pharmaceuticals, food & beverages, paint & oil and personal & health care are experiencing surge in demand. As a result the manufacturers have ramped up their production capacity through capacity expansion. Liquid filling machinery ability to fill liquid swiftly and efficiently into the containers without much wastage is promoting its faster adoption rate.
These packaging machines can constantly fill thousands of various types of containers with different types of liquids consuming less time and labor. These machines has aided various businesses in improving their production line which has given boost to their overall sales. Globally, there has been increase in consumers need for hygienic and safe food & beverage canned products such as soup, sauces, cooking oil, alcoholic beverages and water. Preservative beverages which can stand for long duration usage has also gained popularity over decades. These factors are greatly contributing towards magnifying growth of liquid filling machinery.
In addition these machines has been proved as a great advantage to pharmaceuticals and health care industries. Liquid filling machines provide exemplary homogeneity mixtures for low dose products. The liquid fill process offers safer environment and contamination free efficient filling. The factor attribute to the untouched filling, drives the market for liquid filling machines.
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Geographical Outlook of Global Liquid Filling Machinery Market
Liquid filling 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 its early technology development and adoption rate.Moreover, its strong position in pharmaceutical and chemical industry will provide further momentum.
Their rising consumption of pure fruit juice and alcoholic drinks is likely to cater the European market. Manufacturers in the region are opting for automated machines to meet the booming demand. Similarly, presence of large number of beverage manufacturing companies in Latin America along with surging demand for energy and bottled juice products, the region is expected to have bolstered demand.
Asia Pacific is expected to grow with highest rate and is likely to surpass North America. The region features highest demand for personal care products. This is particularly favored by increasing disposable income. Furthermore,as consumers are becoming more health conscious, the demand for bottled energy drink and fruit juices are increasing. This trend is fueling automatic liquid filling machine sales.
On other hand, rising travel and tourism industry of Middle East is raising demand in beverages industry. At the same, Africa is going through major industrial development, these positive outlooks in the regions are likely to surge the market growth over assessment period.
COVID-19 Impact Outlook for Liquid Filling Machinery Market
Globally, Covid-19 pandemic lockdown restrictions resulted in non-movement of man and materials. Halted manufacturing units across globe resulted in overall production and revenue shrinkage.
During pandemic the pharmaceutical industries saw surge in demand for the medicines which kept fueling the liquid filling machinery market demand. Though, initially the Liquid Filling machinery experienced downfall but soon there was spike in canned food demand under essential items which provided further momentum. After 3rd quarter of 2020, nations across globe were lifting lockdowns, thus the liquid filling machinery market started coming on track with enhanced demand due to raised concern towards health care.
Segmental Analysis for Liquid Filling Machinery Market
Liquid filling machinery market is flooded with various type of products under various segments such as inline liquid filling machine, rotary liquid filling machine, piston filling, vacuum filling, manually operated machine, automatic machine, semi-automatic machine etc. these machines fill various containers such as bottles, cartons, cans, cups etc.
Plastic bottle type filling machine is anticipated to be growing northwards over the assessment period owing to its application over various end use industries. Hot filling and aseptic filling machines ensures hygiene and safe liquid filling of beverages. Moreover, machines segmented by filling quantity ensures right amount of liquid fill, preventing economical loss through spillage.
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Who are the Key Manufacturers and Suppliers of Liquid Filling Machinery?
Some of the leading manufacturers and suppliers of Liquid Filling Machinery include
- Wenzhou Zungwan Tube Filling & Sealer Machine Co., Ltd
- KHS GMBH Group
- Salzgitter AG
- GEA Group Aktiengesellschaft
- Krones AG
- Coesia S.p.A
- Barry-Wehmiller Companies
- Biner Ellison
- IC Filling Systems
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