Market Size of Liquid Filling Machines Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.57 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Liquid Filling Machines Market Analysis
The liquid filling machines market is expected to grow at a CAGR of 4.57% during the forecast period. Rapid technological advancements and penetration of automated machinery in various industries to minimum human intervention and stringent government regulations for the safety of the production lines are driving the growth of the liquid filling machines market.
- Changing lifestyle, convenience of consumption and increased health awareness are driving the demand for packaged and processed food which in turn is compelling the growth of the liquid filling machines. These are employed to ensure safe, efficient, cost-effective, packaging of liquids, like syrup, oil, wine, ketchup, beer, water, etc. For instance, the total retail and foodservice sales in the United States during FY2018 stood at USD 6.02 trillion and rose by USD 0.25 trillion, as compared to the previous year, according to the US Census Bureau.
- Moreover, according to the USDA Foreign, Agricultural Service studies 2019, the expected sales growth of packaged food in Canada between 2017 and 2022 may be driven by sweet biscuits, snack bars, and fruit snacks with 19.8% growth followed by spreads, edible oil, dairy with 15.8%, 13.8%, and 12.3% respectively. Additionally, according to the same study, the import of packaged food in 2018 was CAD 24.8 billion.
- Furthermore, the rising consumer awareness regarding personal grooming is driving the demand for cosmetic products which in turn is driving the market studied. The face serums and oils have witnessed demand over the past five years, as they offer hydration, moisturization, anti-aging, blemish clearing benefits, and skin repair, among others. These premium products have been witnessing demand among the aging population.
- The filling of cosmetic products such as perfumes, cremes, gels, mascara, and lip gloss requires precision, accuracy, and zero wastage and thus are dependent on modern liquid filling machines with stoppering or sealing features. Therefore, these are in great demand among the cosmetic manufacturers for its versatile features.
- However, high initial investments, and training the company personnel to operate these machines, are few drawbacks, which act as restraints during the forecasted period.
