Filling Machines Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Albany, NY -- (SBWIRE) -- 10/10/2017 -- Innovations in packaging are playing a vital role in improving the efficiency and marketability of the products. Packaging machines are machines extensively used by manufacturers for efficient packaging of the products. The use of filling machines enable the manufacturers to fill the desired quantity of the product into the packaging with at high speed. Advancements in technology have completely automated the filling machines process by reducing the setup time and increasing the accuracy and precision of the machines. Filling Machines require very less time for filling of liquid, semi-solid or solid products in a small quantity or large quantity repeatedly. Food and beverage, pharmaceutical and cosmetics industry are the primary end user for filling machines. To gain the competitive advantage on each other and to cover larger consumer base packaging manufacturers are investing in filling machines market.
Filling Machines Market: Market Dynamics
World packaging market today accounts for about US$ 834 Bn Mn is expected to grow at a CAGR of over 4% over the forecast period. The advancement in technology has increased the penetration of packaging in many sectors, especially in consumer retail. Packaging manufacturers are using packaging machines to automate their process while achieving more efficiency and covering larger consumer base with minimum expenditure of resources. Increasing demand for food and beverage and consumer packaging market is the key reason for boosting the demand in Filling Machines market. The rise in disposable income and increased consumer preference for products in small quantity has increased the number of packaging units while creating the demand for Filling Machines market.
Increasing penetration of modern retail outlets is also increasing the consumption of packaged goods and generating demand for Filling Machines market. However, high initial investment for setting up machines may repel small manufacturers while hampering the demand for Filling Machines market. Apart from initial investment maintenance cost and large footprint of the machine may act as a hurdle for growth in Filling Machines market. On the backdrop of ability to increase the efficiency for packaging the demand for Filling Machines is expected to grow over the forecast period.
Being the world manufacturing hub APEJ is expected to lead the Filling Machines market over the forecast period. North America is expected to follow APEJ region regarding demand for Filling Machines market due to huge per capita consumption of goods. Western Europe and Latin America are expected to grow moderately over the forecast period. Demand for Filling Machines market in MEA region is expected to be sluggish. However, Japan is expected to contribute significant share for Filling Machines market due to highest per capita packaging expenditure.
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Filling Machines Market - Key Players:
Some major players of the Filling Machines market are APACKS, Ronchi Mario S.p.A., OPTIMA packaging group GmbH, Packaging Center Inc., MG America, All-Fill Inc., Pack Leader USA, LLC., Unitech Engineering Company, E-PAK Machinery, Inc., Robert Bosch GmbH (Germany), Krones AG (Germany), Ronchi Mario S.p.A, Zhangjiagang Sheenstar Technology Co., Ltd., Changzhou Huituo Technology Co., Ltd., Shanghai Develop Machinery Co., Limited and Xinxiang Youna Machinery Co., Ltd.