According to machine type, the automatic segment is anticipated to continue to dominate the other volumetric filling equipment. In the years 2023 to 2033, it is predicted that the automatic segment will grow by 1.3 times its current market value.
The volumetric filling machines market will generate US$ 1.7 Bn in sales in 2022, according to the FMI estimate. The global market for volumetric filling machines is anticipated to reach US$ 2.4 Bn by 2033, growing at a CAGR of 3.1% over the forecast period due to the surge in demand from various end-use industries.
According to study by Future Market Insights, during the anticipated period, the global volumetric filling machines market is anticipated to reach US$ 1.8 billion in 2023 and will continue to grow at a CAGR of 3.1% to reach US$ 2.4 billion by the year 2033. The top 3 nations are anticipated to control about 25–30% of the market in 2023, which is expected to boost sales of volumetric filling machines.
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It is anticipated that the market for volumetric filling machines will expand favourably throughout the forecast period. According to a recent prediction by FMI, sales of volumetric filling machines will increase between 2023 and 2033, creating a US$ 689.8 Mn absolute incremental growth opportunity.
The significantly rising demand for automation machines in various end-use industries has increased the demand for volumetric filling machines. The volumetric filling machines market is anticipated to expand 1.4 times the current market value during the forecast period.
The global volumetric filling machines market witnessed a CAGR of 2.7% during the historic period with a market value of US$ 1.7 Bn in 2022.
The volumetric filling machines is a type of packaging machines that measures product from bulk according to predetermined volumes and fills into packaging containers. The volumetric filling machines are adherences to strict hygienic conditions without human intervention. Due to this, it is widely used in the food and beverages industry to maintain the hygiene and high-speed filling of products.
The beverages industry optimizes the use of volumetric filling machines by filling various products such as milk, dairy products, alcoholic & non-alcoholic beverages, etc. The manufacturers of food and beverage packaging often use the volumetric filling machines because they are more cost-effective and efficient than other packaging machines. Therefore, the market for volumetric filling machines is primarily driven by the food and beverage industries
The rising demand for packaged and processed food along with rising consumption of takeaway food, rapid automation in packaging industries, and increasing health consciousness among people are all expected to drive the demand for volumetric filling machines during the forecasted period.
Which Machine Type is expected to Hold a Major Portion of the Global Volumetric Filling Machines Market?
The automatic segment holds the major portion of the global volumetric filling market, based on machine type. The automatic volumetric filling machines is predicted to hold around 72% of the market share by the end of 2023.
Automatic volumetric filling machines has higher demand due to fast filling mechanism, it actually reduces the labour cost, packaging time, and measurement errors. Volumetric filling machines are not only liked for their capability to package large quantities of products quickly, but also for their versatility in creating attractive packaging, which saves space on the floor from heavy machinery and eliminates the need for material handling equipment. Thus, the automatic volumetric filling machines is projected to hold a major portion of the global volumetric filling machines market.
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Which End-Use offers Lucrative Growth Opportunities in the Global Volumetric Filling Machines Market?
As per FMI analysis, the food and beverages are expected to grow at a CAGR of 3.5% during the forecast period.
The rise in the demand for packaged and processed food and beverages products along with rising consumer awareness for food safety will offer lucrative growth opportunities in the global volumetric filling machines market. The beverage products such as juices, alcoholic and non-alcoholic, dairy products, ice creams, etc., manufacturers widely use volumetric filling machines to meet the demand of consumers. The demand for volumetric filling machines is expected to grow owing to the rapid expansion of the food services industry and the rising use of automatic machinery for packaging goods will bolster the growth of the market.
Country-wise insights
How the Trend for Take-Away Food and Beverages Products in US is Helping Volumetric Filling Machines Market to Expand?
The U.S. is expected to hold around 81% of the North American volumetric filling machines market by the end of the forecast period.
Developed countries such as the US, have lucrative growth opportunities for market expansion due to rising consumption of take-away food and beverages products such as alcoholic and non-alcoholic drinks. The rising urban population has influenced packaged food and beverages products. According to the American Beverage Association (ABA), the beverage industry plays an important role in the U.S. economy. This shows that the beverage industry is expanding which has direct impact on the volumetric filling machine market.
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Volumetric Filling Machines Market by Category
By Machine Type, the Volumetric Filling Machines Market is Segmented as:
- Automatic
- Semi-Automatic
- Manual
By Operating Speed, Volumetric Filling Machines Market is Segmented as:
- Less than 500 CPM
- 500-1000 CPM
- Above 1000 CPM
By End-Use, Volumetric Filling Machines Market is Segmented as:
- Food & Beverages
- Pharmaceuticals
- Chemical & Fertilizers
- Cosmetics & Personal Care
By Region, Volumetric Filling Machines Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Related Links –
https://tealfeed.com/hazmat-packaging-market-size-share-global-p6x7c
https://ext-6251924.livejournal.com/726.html
https://sparxsocial.com/story3220146/hazmat-packaging-market-size-industry-trends-report-for-2027
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