Oct 3, 2017   SOURCE: BusinessWire

Filling Equipment Market to Witness Growth Owing to High Demand from the Food and Beverage Industry | Technavio

According to the latest market study released by Technavio, the global filling equipment market is expected to grow at a CAGR of more than 5% during the forecast period.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171003005971/en/

Technavio has published a new report on the global filling equipment market from 2017-2021. (Graphic ...

Technavio has published a new report on the global filling equipment market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global Filling Equipment Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

The steady growth of the manufacturing industry is expected to impact the demand for packaging, pharmaceutical, and chemical and petrochemical industries; and ultimately influence the growth of the filling equipment market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

The market research analysis categorizes the global filling equipment market into three major end-user segments. They are:

  • Food and beverage industry
  • Pharmaceutical industry
  • Chemical and petrochemical industry

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Global filling equipment market in food and beverage industry

The global food and beverage market witnessed a significant growth rate during 2010-2015 and is expected to maintain the same momentum during the forecast period. The global food and beverage market is dominated by the food industry, which accounted for a major share of the market in 2015 and is expected to continue its dominance during the forecast period.

Growing urbanization and health consciousness among individuals, and rising disposable incomes have cumulatively contributed to an increase in the consumption of healthy and ready-to-eat food. These factors will contribute to the rise in sales of equipment such as filling equipment used in the food and beverage industry. The most commonly used equipment in the packaging of goods is liquid filling equipment, paste filling equipment, powder filling equipment, and granular filling equipment.

Global filling equipment market in pharmaceutical industry

Proper packaging is an important aspect when it comes to pharmaceutical products. Considering the nature of medicines, it is mandatory to ensure that the packaging methods are faultless and leave no room for contamination. There are four different methods of filling processes used in the pharmaceutical industry, namely, vial filling, tube filling, powder filling, and syringe filling; each of these filling methods use different machines.

According to Gaurav Mohindru, a lead analyst at Technavio for engineering tools research, “The demand for pharmaceutical products has increased rapidly along with global population growth. The growth in the pharmaceutical industry and the increase in the demand for the prescription drugs will lead to the construction of new plants. This is expected to drive the demand for filling equipment.”

Global filling equipment market in chemical and petrochemical industry

Industries that produce and use chemicals have a significant impact on employment, trade, and global economic growth. However, chemicals can also have adverse effects on human health and the environment if they are handled improperly or carelessly. Therefore, there are a variety of global economic and regulatory forces govern chemical production, transport, import and export, use, and removal of chemicals. Therefore, the increasing demand for chemicals in different sectors is expected to drive the market for filling equipment.

“The increase in demand for petrochemicals from developing countries has led many oil and gas companies to focus on building refineries in the Middle East and APAC. These two regions will be the centers of refinery construction during the forecast period. With the increase in the number of petrochemical plants, the demand for filling equipment is expected to increase,” says Gaurav.

The top vendors highlighted by Technavio’s market research analysts in this report are:

  • Coesia
  • GEA Group
  • Krones
  • Scholle IPN

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.