Mar 24, 2021   SOURCE: BusinessWire

Outlook on the Liquid Filling Machines Global Market to 2026 - Featuring GEA Group, JBT and Tetra Laval International Among Others - ResearchAndMarkets.com

The "Liquid Filling Machines Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The liquid filling machines market is expected to grow at a CAGR of 4.57% during the forecast period.

Companies Mentioned

  • Bosch Packaging Technology
  • GEA Group AG
  • JBT Corporation
  • Filling Equipment Co Inc.
  • Krones Group AG
  • Tetra Laval International SA
  • Scholle Packaging
  • E-PAK Machinery Inc
  • Coesia Group SpA
  • KHS GmbH
  • Ronchi Mario SpA

Key Market Trends

Healthcare Industry Will Experience a Significant Growth in Forecast Period

  • The pharmaceutical industry is growing at a rapid rate with frequent new research and developments. Most of the pharmaceutical drug manufacturers are investing in developing drugs to broaden the variety of products in their portfolios, which is expected to fuel the market in the future.
  • For instance, in March 2019, Canad-based Cambrex Corporation announced that it would double the liquid packaging capacity and weekly output at its Mirabel, Quebec site in Canada, with the addition of a cGMP packaging line and a new filler on the existing packaging line. The company is a small molecule company providing drug substance, drug product, and analytical services across the entire drug lifecycle.
  • The ongoing research and development in medical science have generated the needs of advanced machinery for bulk drug production, processing, and packaging. Most of the major vendors in the market are advancing their offerings to seize the opportunity. For instance, in December 2019, AeroFlexx, partnered with Fameccanica, to diversify its industrial automated machinery. Fameccanica's expertise is in converting and liquid filling equipment, which is key to the AeroFlexx manufacturing process.

Asia-Pacific to Witness Fastest Growth

  • Rapidly growing population, rising income of the people is estimated to increase the demand for packaged products in the food and beverage industry, which will contribute to the growth of the liquid filling machines.
  • Moreover, the Government of India has been instrumental in the growth and development of the food processing industry, which accounts for 32% of the country's total food market. The Ministry of Food Processing Industries (MoFPI) is making all efforts to encourage investments in the business also it has approved proposals for joint ventures (JV), foreign collaborations, industrial licenses, and 100% export-oriented units.
  • The region is also experiencing high demand for skin care and particularly luxury products, as stated by L'Oreal. It is favored by the rising disposable income of consumers, the trend of online shopping, coupled with an increasing consumer base of people interested in personal hygiene and physical appearance. This is supported by highly populated countries, like India and China, and so most of the cosmetic brands are setting up their manufacturing units in the region and launching their products.
  • For instance, in 2019, Pixi, a London-based beauty brand, had entered the Indian cosmetic market. It is currently offering glow tonic range apart from its other product ranges that include skin treats, makeup, the body treats, kits, tools, and a special selection, which comprises of a vast makeup collection.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Consumers

4.2.3 Threat of New Entrants

4.2.4 Threat of Substitute Products

4.2.5 Intensity of Competitive Rivalry

4.3 Impact of COVID-19

5 MARKET DYNAMICS

5.1 Introduction to Market Dynamics

5.2 Market Drivers

5.2.1 Increased Consumption of Packaged Liquids

5.2.2 Growing Focus on Precision, Speed, and Versatility, in Liquid Filling

5.3 Market Restraints

5.3.1 High Initial Investment

5.3.2 Lack of Skilled Personnel

6 MARKET SEGMENTATION

6.1 By Liquid Type

6.1.1 Consumable Liquids

6.1.2 Liquid Drugs

6.1.3 Industrial Liquids

6.1.4 Liquid Chemicals

6.1.5 Other Liquids

6.2 By Equipment Type

6.2.1 Automatic

6.2.2 Semi-Automatic

6.3 By End-user Industry

6.3.1 Food and Beverage

6.3.2 Healthcare and Pharmaceutical

6.3.3 Cosmetics

6.3.4 Other End-user Industries

6.4 By Geography

6.4.1 North America

6.4.2 Europe

6.4.3 Asia-Pacific

6.4.4 Latin America

6.4.5 Middle East & Africa

7 COMPETITIVE LANDSCAPE

7.1 Vendor Market Share

7.2 Mergers & Acquisitions

7.3 Company Profiles

8 FUTURE OUTLOOK OF THE MARKET

9 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/yz9ad3