According to the latest report by IMARC Group "Filling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global filling equipment market size reached US$ 18.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
Filling equipment refers to the machines utilized for filling solid, semi-solid, and liquid products into enclosed pouches, cans, jars and bags. Vacuum, net weight, volumetric, rotary, piston, aseptic, and spray fillers are some of the commonly used types of filling equipment. They are usually available in manual, semi-automatic and automatic variants. Compared to the traditionally used manual filling methods, they offer enhanced reliability, consistency, control, user-friendly operating system and long-term usage. As a result, filling equipment finds extensive application across various industries, such as pharmaceutical, cosmetic, chemical and food and beverage.
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Market Trends:
The global filling equipment market is primarily being driven by the increasing demand for pharmaceutical products and fast-moving consumer goods (FMCG). The equipment is widely used for rapid and accurate filling with minimal errors. Various technological advancements, such as the adoption of factory automation and robotics to standardize processes and maintain the safety of the product,are favoring the market growth. Moreover, rising consumer preference towards convenient and travel-friendly food and beverage packs is providing a thrust to the market growth.
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