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According to the latest report by IMARC Group, the global filling equipment market to grow at a CAGR of around 5% during 2021-2026.
SHERIDAN, WYOMING, UNITED STATES, July 21, 2022 /EINPresswire.com/ -- According to the latest report by IMARC Group "Filling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", The global filling equipment market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
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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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
Breakup by End Use Industry:
Food and Beverages Pharmaceutical Personal Care Chemical Others
North America (United States, Canada) Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa
Competitive Landscape with Key Player:
Accutek Packaging Companies Coesia S.p.A GEA Group Aktiengesellschaft JBT Corporation KHS GmbH (Salzgitter AG) Krones AG Ronchi Mario S.p.A. Scholle IPN Syntegon Technology GmbH Tetra Laval International S.A.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
IMARC Group 30 N Gould St Ste R Sheridan, WY 82801 USA - Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Elena Anderson IMARC Services Private Limited +1 631-791-1145 email us here
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