GLOBAL – The automatic filling machine market is anticipated to flourish at an average CAGR of 4.8% between 2023 and 2033, reports Future Market Insights (FMI).
The market is expected to hold a market share of US$8.88 billion by 2033, while the market is likely to reach a value of US$ 5.56 billion in 2023.
These machines are gaining high traction in the market as automatic filling machines are equipment used for filling solid, semi-solid, and liquid products in holding containers such as pouches, bags, bottles, and boxes.
According to FMI, the packaging industry is identified to witness skyrocketing growth over the past couple of years.
Amidst this expansion, the introduction of versatile packaging, like the automatic filling machines, replacing the semi-automatic filling machines by manufacturers, is capturing the attention of consumers looking for next-gen machinery.
Therefore, it is anticipated that the automatic filling machine market is likely to have substantial growth over the forecast period.
It is expected that the market for automatic filling machines is likely to have considerable demand in the upcoming years due to several fueling factors.
FMI also pours some light on the deterring factors identified during the analysis and provides in-depth insights into the automatic filling machines market.
Major Drivers
Growth in the demand for fast-moving consumer goods and pharmaceutical products has led manufacturers to increase the speed of their lines. Hence, there is an increasing need for filling machines that enable rapid filling of the material while maintaining the accuracy of volume and weight in the containers.
The report has also identified that aseptic packaging continues to pick pace due to rising consumer awareness for healthy and sterile products, which is steering the manufacturers to put efforts towards aseptic filling machines.
The demand for convenient packaging of food has spawned miniaturized packing across the globe, and production line automation enables packaging solution providers to leverage ingenuity and efficiency. Therefore, achievable consistency is boosting the automatic filling machine market growth.
Key Restraints:
High Cost
It is expected that the high cost associated with automatic filling machines is likely to impede market growth. The atomization of equipment using programmable logic controllers, the use of software, and feedback systems raise the cost.
Expensive Aseptic Filling
Some of the food and beverages require aseptic filling machines that are more expensive than the other automatic filling machines available in the market.
North America Market Dynamics for Automatic Filling Machines Market
It is projected that the North American region is going to hold the highest share of the automatic filling machine market and is likely to dominate the global forum in the upcoming years.
Currently, North America is accountable for 25% of the total market share of automatic filling machines. The United States itself held a market share of 20.7% in 2022.
Owing to the rise of the pharmaceutical industry in this region, automatic filling machines are highly gaining momentum due to their use in filling liquid medicine bottles, vials, capsules, and ampules.
The region has been following the process of atomization in the past few years, which has led to benefits from the reduced timeline in assembly and higher growth of the market players in North America.
Meanwhile, Europe is anticipated to follow the North American market and have significant growth during the forecast period. Germany held a market share of 4.9% in 2022.
The region’s considerable share is accredited to the growing use of automatic filling machines in different industry enterprises that are reducing the use of semi-automated machines owing to ease up the process and lowering down labor costs.
Additionally, favorable government policies are boosting market growth in the European regions.
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