Currently, the liquid filling & sealing machine global market is worth US$1 billion and is expected to continue growing at a rate of 4%. The market is expected to be driven by the rising demand for water-based products in Asia Pacific, Latin America, Europe and the Middle East, and the increase in adoption of filling and sealing technology by the pharmaceutical industry.
What is the Growth of North America Market of Liquid Filling and Sealing Machine?
Increasing consumer demand for packaged products and rising income are projected to boost the demand for liquid filling machines in North America. Increasing demand for hygienic canned products is also expected to drive the growth of the liquid filling machines North America market. The food and beverage industry is estimated to account for the largest share of the liquid filling machine market. Moreover, the rapid industrialization and shift towards automation in the various industries is expected to augment the growth of the filling machines North America market.
The key packaging brands are expanding their product portfolio to cater to a diversified customer base. These brands are also modifying the packaging formats to meet the changing customer requirements.
How is Liquid Filling and Sealing Machine Asia Pacific Market Growing?
Amongst various regions, Asia Pacific is the leading market for liquid filling & sealing machines. This region is expected to witness lucrative growth over the forecast period. The growth is primarily attributed to rising health consciousness amongst the consumers, rising disposable incomes, and growing inclination towards packaged products.
Increasing demand for preservative products, hygienic canned products, and temperature-sensitive pharmaceutical products is driving the growth of the liquid filling machines Asia Pacific market. The rapid industrialization is also expected to augment the filling equipment market.
Asia Pacific is expected to account for a majority share in the global filling machines market. The market is also projected to grow at a fast pace in the forecast period. The increasing demand for packaged products in the region is mainly attributed to the youth preference for western lifestyle.
Europe Market of Liquid Filling and Sealing Machine
Increasing consumer inclination towards packaged products is expected to drive the demand for filling machines in Europe. These machines are used for packaging various liquids efficiently and effectively.
These machines are also used in the pharmaceutical, food and beverage industries. Their ability to fill fluids accurately at high speed will boost the market. Moreover, these machines do not have a high initial cost, high electricity consumption, and high maintenance costs. The demand for filling machines is also increasing due to the fast pace lifestyle of people.
Moreover, the rising health awareness will also drive the Europe market. These machines can be used to fill ampoules, liquid medicine bottles, and capsules. They also help in reducing waste.
Europe is the largest market for liquid filling machines. It has a market share of 26% of the global market. This region is expected to maintain its share in the global market through 2022 and 2028. During this period, the European market is expected to grow at a CAGR of 4.86%.
Liquid Filling and Sealing Machine Market in Latin America
During the forecast period, the Latin America liquid filling & sealing machine market is expected to experience a positive growth. This is mainly due to the increased R&D activities and expansion of existing product lines. The growth is also anticipated to be driven by the demand for personal care products and increasing health consciousness. The pharmaceutical industry continues to be a key segment.
The food and beverage industry also plays a key role in the demand for packaging machinery. The growing middle class in Latin America is driving the growth of food and beverage products. The increasing demand for single-portion food products and convenience products is also contributing to the market growth.
Beer packaging is the dominant category in the Latin America liquid filling & sealing market. The increasing demand for beer packaging is attributed to the increased sales of craft beers. Also, the demand for premium beers has helped the market grow.
Middle East & Africa of Liquid Filling and Sealing Machine
Increasing disposable incomes in the emerging economies has encouraged demand for packaged goods. This has fueled filling machine market demand. The Middle East & Africa market is estimated to grow at a rapid rate in the coming years. It is expected to reach USD 8.62 billion by 2025.
The filling machine market is dominated by the Asia-Pacific region. This region accounts for the highest share in the global market. It is projected to grow with the highest rate during the forecast period. The Middle East & Africa region is also anticipated to experience steady growth in the coming years.
The Bottom Line
Increased health consciousness among consumers is expected to drive liquid filling and sealing machine global market growth. In addition, strict government regulations are imposed on the pharmaceutical sector. Hence, manufacturers are focusing on developing new technologies to enhance their market position.
