The market for automatic filling machines is anticipated to reach a value of US$ 6,619.1 million in 2022 and grow at a moderate CAGR of 4.6% over the same period. By 2032, the market is anticipated to increase to a value of US$10,378.0 million. According to Future Market Insights’ analysis, the historical CAGR was 2.6%.
The market is seeing substantial growth in the use of automatic filling machines, which are devices used to fill holding containers including pouches, bags, bottles, and boxes with solid, semi-solid, and liquid product forms.
It has been discovered that the packaging sector has grown rapidly during the last few years. In the middle of this expansion, producers are switching out semi-automatic filling equipment for more adaptable packaging, which is attracting the interest of clients searching for cutting-edge equipment. The market for automatic filling machines is therefore predicted to expand rapidly over the following years.
Biggies Revolutionizing the Automatic Filling Machine Market
The market for filling machines has seen new innovations as a result of the preference for automatic filling equipment. The filling machines market players still have important issues that need to be addressed, including high productivity and improved process quality. They are engaging in mergers and acquisitions and putting strategies into place to support this product’s market growth.
Strategy 1: Global Expansion Strategy
The manufacturers are expanding their operations in the major Asian markets, which are a hub of commercial chances for those working in the filling machines industry. Germany offers cutting-edge technology and excellent packaging options. In order to increase their supply base, filling machine companies like SIG are considering collaborating with clients in the Asia Pacific.
Strategy 2: Development and Procurement of Enhanced Automatic Filling Machines
The efforts of filling machine manufacturers have been concentrated on portfolio expansion and product differentiation. Since there are many manufacturers competing for clients in the filling machine market, it is still crucial to concentrate on giving them better products. Manufacturers also keep an eye on the trends influencing the packaging industry as well as the changing packaging landscape.
Some of the recent developments are:
In December 2017, GEA launched an aseptic filling machine called Fillstar CX EVO. This multi-functioning system provides the beverage industry a capacity to easily change between different types of products, from aseptic beverages to carbonated and vice-versa.
Bosch Packaging Technology’s filling and closing machine AFG 5000 recently received an internationally-renowned ‘Red Dot Award’ from the Design Zentrum Nordrhein-Westfalen in the product design category on the basis of criterions such as formal quality, degree of innovation, ergonomics and durability, and functionality.
Sacmi Filling S.p.A. unveiled the new Sacmi high-speed filling line, which played a critical role in the company’s stand at China Brew and Beverage, a popular international brew & beverage processing technology fair in Asia (Shanghai New International Expo Centre, October 23 to 26, 2018). The new filling machines range offers high productivity, outstanding process quality, and flexibility, and has been configured for an output rate of up to 72,000 bottles/hour.
Post time: Sep-17-2022