Filling Equipment Market Growing at a CAGR of 3.9% to Reach $23,499.4 Million by 2027

Growth in demand for fast-moving consumer goods (FMCG) and pharmaceutical products have led the manufacturing companies to increase demand for filling equipment

PORTLAND, OR, UNITED STATES, August 26, 2021 /EINPresswire.com/ — There is a growing demand for packaged food mainly because of the rising busy lifestyle. Further, the easy availability of packaged food is also boosting the sales of packaged food. Hence, the rise in packaged food market will drive the filling equipment market growth. Moreover, the fast moving consumer goods (FMCG) industry is witnessing rapid growth and forming an integral part of the economy.

The global filling equipment market size accounted for $17.8 billion in 2019 and is expected to reach $23.5 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027.

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Thus, rise in use of FMCG products and pharmaceutical products has led to increase in production capacity, which eventually increases the sales of new filling equipment and also increases the need of spare parts due to corrosion of the equipment. For instance, Unilever is opening a new plant in Dubai that will be producing beauty and personal care products. The company has planned to invest $250-$300 million for a 100,000 square meter plant. Thus, such expansions will help in the filling equipment market growth during the forecast period

Top 10 Leading Players

Accutek Packaging Equipment Companies, Inc.
Coesia S.p.A
GEA Group Aktiengesellschaft
JBT
Krones AG
Ronchi Mario S.p.A
Salzgitter AG (KHS Group)
Scholle IPN
Syntegon Technology GmbH
Tetra Laval International S.A.

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Key Market Segmentation

By Sales Type

New Machinery
Spare Parts

By Process Type

Manual
Semi-automatic
Automatic
Rotary feeding system
Straight line feeding system

By Product Type

Solid
Semi-solid
Liquid

By End-user Industry

Food
Beverage
Pharmaceutical
Personal Care
Chemical
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

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David Correa
Allied Analytics LLP
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Source: EIN Presswire