Transparency Market Research delivers key insights on the filling machines market in its published report. In terms of revenue, the global filling machines market is estimated to expand at a CAGR of over 4% during the forecast period of 2019–2027, owing to numerous factors, about which, TMR offers thorough insights and forecasts in the filling machines market report.
Filling machines are packaging machines that measure a product and fill the same in specified packaging products, such as flexible packaging pouches, cans, bottles, etc. The packaging machine industry in the Asia Pacific region is expected to witness enormous growth opportunities in the coming years, due to the substantial increase in packaging consumption in the region.
Filling machine manufacturers located in Germany, Italy, and the U.S. could focus on exporting their machinery to developing countries such as China and India. However, it has been observed that, the demand for filling machines in China is largely fulfilled by domestic manufacturers, due to their low-cost offerings and services.
Moreover, some filling machine companies believe that, machine manufacturers present in developed countries such as Germany and Italy offer better and advanced technology products with superior quality as compared to Chinese products. Moreover, the sharp growth in organized retail in India and ASEAN countries has led to an increase in processed food consumption, as well as single-use beauty products, which has had a positive impact on the demand for filling machines in developing countries.
In the report, TMR proposes that, automatic filling machines are expected to outpace form-fill-seal machines in the market. Key players in the filling machine market are focusing on offering smart maintenance services along with the high optimization of packaging processes in their product lines, as such, escalating the growth of the automatic filling machines market.
Considering the filling machine markets in developing countries, small packages such as sachets and pouches are more affordable than large packaging formats. Filling machines are successfully used for packaging in many industries, as they greatly reduce the packaging time as compared to separate machines for each function, such as machines/tools for package forming, filling the finished product, and finally sealing the package. All these factors are contributing to driving the growth of the filling machines market in the near future.
This post was originally published on Crypto Journal