Zion Market Research, the market research group announced the analysis report titled "Filling Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 07/14/2017 -- Global Filling Equipment Market: Overview
Equipment used to fill a variety of products such as tablets, liquids, chunky products, pastes, granules, powders, and others are known as filling equipment. They are primarily used to reduce manual and human errors. Filling equipment can be easily connected through Ethernet network to PLCs and then to computers. They offer some advantages such as high-speed connectivity and elimination of vibration. Technological advancements have opened up a new avenue for filling equipment. They are used in the series of production processes. These filling equipment are semi-automatic and manual. Semi-automatic filling equipment is partially automated and is not capable for feeding and triggering. On the other hand, manual filling equipment is robust and simple and do not depend on pneumatic and electric equipment.
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Global Filling Equipment Market: Growth Factors
Some of the major factors responsible for the growth of the global filling equipment market are changing consumer lifestyles, development of new filling technology, and automation & robotics in filling equipment. Moreover, favorable government policies are implemented for filling equipment services, which are creating new growth opportunities in the global market. Companies focus on improving productivity by adopting new innovations, effective research & development activities and advanced technologies; this will contribute to the largest market share in the coming years. Moreover, new strategies adopted by the companies such as enhance growth opportunities and improve product portfolio to enhance company revenue may fuel the global market growth. They also provide higher efficiency, flexibility, and precision. Conversely, increasing the cost of power & energy, high maintenance costs, and technical defects may hinder the global filling equipment market growth to some extent.
Global Filling Equipment Market: Segmentation
The global filling equipment market is divided based on the product as a liquid, solid, and semi-solid. On the basis of type, the global market is classified as net weight, rotary, aseptic, and volumetric. Further, the global market is fragmented based on processes as automatic processes, manual, and semi-automatic. Furthermore, the global filling equipment market is categorized on the basis of the industry as cosmetics, food, pharmaceutical, and beverage.
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Global Filling Equipment Market: Regional Analysis
Asia Pacific contributed for the largest market share across the world. It has opened up lucrative growth opportunities due to exponential growth in the urbanization. Exponential growth in this region coupled with a rise in disposal income may influence the global filling equipment market in a positive way. Moreover, increasing affluence of the middle-class people and growing opportunities in the consumerism are expected to boost the global market in the near future. Various strategies accepted by the enterprises such as mergers & acquisitions, partnerships, joint ventures, expansions, and others in Europe in order to expand market are contributing to the growth of the global market.
Global Filling Equipment Market: Competitive Players
Major players in the global filling equipment market are JBT Corporation, Accutek Packaging Equipment Companies Inc., Krones Group, Tetra Laval and Bosch Packaging Technology. Other players influencing the global market include Scholle Packaging, GEA Group AG, Ronchi Mario S.P.A., Coesia Group, and KHS GMBH.
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