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New report shares details about the filling equipment market growth

New report shares details about the filling equipment market growth

Filling equipment is an equipment used for filling variety of products such as liquids, pastes, powders, tablets, chunky products, granules, and others. The reduction in human efforts and manual errors are prime benefits of filling equipment.

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The Global Filling Equipment Market was worth USD 6.65 billion in 2016 and estimated to be growing at a CAGR of 6.5%, to reach USD 9.11 billion by 2021.  

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Packaging of a product plays an important role in preventing the product from environmental destruction, increasing its life time period and attracting the customers.

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Filling of the product in the package is also essential part of the packaging industry. This technology has evolved with the growing demand for creative packaging and depending on the types of various products.

By the filling Equipment, the decrease in human efforts and manual errors are main benefits of filling equipment. The ability to connect through Ethernet network to PLCs and computers incorporated in recent machines.

Moreover, elimination of vibration, and high-speed connectivity are the features of filling equipment. Technological advancements present new avenues for filling equipment.

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The drivers for the Filling equipment market are changing consumer lifestyles, development of new filling technology, favourable government policies and automation & robotics in filling equipment. Major Companies in the market are focusing on improving output by adopting new inventions, effective research & development activities and advanced technologies which will contribute to the highest market share in the forecast period.

Also new strategies adopted by the companies such as increase growth opportunities and improve product portfolio to enhance company revenue may fuel the global market growth. They also provide higher efficiency, flexibility, and precision.

However, increasing the cost of power & energy, high maintenance costs, and technical defects are restraining the global filling equipment market growth to some extent.

The global filling equipment market is divided on the basis of Industry as Food, Beverage, Pharmaceutical and Cosmetics. On the basis of type, the global market is classified as Rotary, aseptic, volumetric and net weight.

Further, the global market is fragmented based on processes as  manual, semi-automatic and automatic processes,. Furthermore, the global filling equipment market is categorized on the basis of the product as a solid, semi-solid and liquid.

On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa.

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Globally, North America market has the largest market share and Asia-pacific market is expected to grow at the highest growth rate in the forecast period. This is due to the increasing demand packaging equipment and new filling technology development and increasing manufacturing activity in emerging markets such as India and China.

Various strategies are adopted by the companies such as partnerships, mergers & acquisitions, joint ventures and expansions in Europe in order to expand market are contributing to the growth of the global market.

Some of the Companies dominating this market over the globe are Krones AG, Accutek Packaging Equipment Companies Inc, Robert Bosch GmbH, Bosch Packaging Technology, Coesia S.P.A., Tetra Laval Group, GEA Group AG, KHS GMBH, JBT Corporation, Ronchi Mario S.P.A. and Scholle Packaging.

Filling Equipment Market Segmentation:                             

Industry                       

  • Introduction           
  • Food          
  • Beverage  
  • Pharmaceutical      
  • Cosmetics
  • Y-o-Y Growth Analysis, By Industry
  • Market Attractiveness Analysis, By Industry
  • Market Share Analysis, By Industry

Type                             

  • Introduction           
  • Rotary       
  • Volumetric              
  • Aspetic      
  • Net Weight             
  • Y-o-Y Growth Analysis, By Type       
  • Market Attractiveness Analysis, By Type       
  • Market Share Analysis, By Type       

Process                       

  • Introduction           
  • Manual     
  • Semi-Automatic     
  • Automatic
  • Y-o-Y Growth Analysis, By Process  
  • Market Attractiveness Analysis, By Process
  • Market Share Analysis, By Process 

Product                       

  • Introduction           
  • Solid          
  • Semi-solid
  • Liquid        
  • Y-o-Y Growth Analysis, By Product  
  • Market Attractiveness Analysis, By Product
  • Market Share Analysis, By Disease Product 

The scope of the report:      

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

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