According to Future Market Insights research, during the projected period, the global Auger Filler market is set to enjoy a valuation of US$ 1,723.2 Million in 2023, and register a robust CAGR of 5.4% from 2023 to 2033. The top 3 nations are anticipated to control around 28.7% of the market by the end of 2023, as a result of growing demand across several end-use industries including food, pharmaceutical, and metal industries.
Attributes | Details |
---|---|
Market Size 2023 | US$ 1,723.2 Million |
Market Size 2033 | US$ 2,915.7 Million |
Value CAGR (2023 to 2033) | 5.4% |
Collective Value Share: Top 3 Countries (2022E) | 28.7% |
Around 16%-20% of the global market for powder filling machines, to be valued at US$ 1,634.9 Million in 2022 is made up of auger fillers. Global auger filling machines are widely used to fill sachets, pillow bags, bottles, and cans with powdered or powdered mixed granule products including flour, tea powder, chemical powder, milk powder, curry powder, red chili powder, rice powder, etc.
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The global Auger Filler market has registered a CAGR of 3.1% during the historic period with a market value of US$ 1,634.9 Million in 2022. The market for auger fillers is expected to grow at a CAGR of 5.4% between 2023 and 2033.
The COVID pandemic has highlighted the need to improve healthcare delivery and drug accessibility across numerous regions. Many national and international healthcare organizations are making investments in crucial medical treatments and services. The demand for medications is being driven by consumers' rising health consciousness. The demand for food packaging equipment, such as auger fillers in the industries, is anticipated to increase as the number of medications consumed rises, thereby creating an absolute dollar opportunity of about US$ 1,192.5 Million between 2023 to 2033. FMI analyses that auger filler sales will augment from 2023 to 2033 with a robust CAGR of about 5.4% during the projected period and reach a valuation of about US$ 2,915.7 Million by 2033.
In several emerging countries, a dramatic increase in healthcare access was the prominent driver in boosting the sales of medicines and is expected to uptake the market for healthcare products such as auger filling machines in emerging countries.
Global dairy imports are anticipated to have reached 10Mt, driven by rising demand from China, India, and European nations, according to the FAO Agriculture Outlook. The amount of processed dairy products like milk powder consumed per person varies considerably by area. Because of increased affluence, population expansion, urbanization, and dietary changes, there is an increase in demand for processed dairy products in developing nations. Growing demand for industrial goods like auger filler machines is anticipated in high-demand regions due to the rising consumption of processed dairy products and the growth of food manufacturing facilities.
The most notable industries that demand a high level of cleanliness and hygienic conditions are the food and pharmaceutical sectors. This component was further produced by the new covid pandemic, and as a result, the market is anticipated to increase significantly over the coming years. Additionally, it is anticipated that the market would grow during the forecast period due to strict norms and regulations set by regulatory bodies for a clean and safe environment for packing.
Automatic auger fillers enhance the operator convenience of the machines owing to their compact design and PLC-based controls. Along with its rugged construction and easy operability, it aids in faster and quick dispensing of powdered products in the packaging material. These advantages are expected to further boost the demand for automated auger fillers owing to the machines’ enhanced productivity and efficiency.
Automatic auger filler is expected to gain market traction and grow at a robust CAGR of 5.9% during the projected period.
East Asia is expected to hold a prominent share of the auger filler market owing to heavy dependence on the Chinese market for medicines and other well-known drugs. Developing countries such as India have also increased their investment in pharmaceutical production activities which is expected to create lucrative opportunities for auger filler manufacturers during the forecast period. The market for auger filler in South Asia Pacific is expected to grow at a robust CAGR of about 6.1% from 2023 to 2033.
Due to the expansion of the chemical industry, Europe is predicted to rise steadily, leading to significant demand for auger filler. The need for packing equipment, particularly auger-filling machines, is predicted to increase dramatically as a result of the large increase in the consumption of specialized chemicals and powdered chemical products.
By building new factories, the major players in the Auger Filler market are concentrating on increasing their capabilities and resources to keep up with the rising demand for Auger Fillers. The major players are also implementing joint venture and collaboration strategies to expand their visibility and assets.
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Attribute | Details |
---|---|
Growth Rate | CAGR of 5.4 % from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD Million, Volume (Units), and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | By Type of Automation, By Systems, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The United Kingdom, France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASIAN, ANZ, GCC Countries, Turkey, South Africa, Northern Africa |
Key Companies Profiled | PER-FIL Industries; Spee-Dee Packaging Machinery, Inc.; Accutek Packaging Companies; OPTIMA packaging group GmbH; Shree Bhagwati Machtech (India) Pvt. Ltd.; Prodo-Pak Corporation; Sensograph Packaging Technology Private Limited; All-Fill International Ltd; Shanghai Dahe Packing Machinery Co.; Synergy Technics; Shanghai Hongde Packing Machinery Co, Ltd.; Auger Enterprise Co., Ltd.; Tokyo Automatic Machinery Works, Ltd. |
Customization & Pricing | Available upon Request |
In 2023, the value of the global Auger Filler market reached over US$ 1,723.2 million.
During the forecast period, the global Auger Filler market is estimated to expand at a CAGR of 5.4% from 2023 to 2033.
The global Auger Filler market is projected to reach US$ 2,915.7 million by the end of 2032.
Demand across end-use industries such as chemical, pharmaceutical, and food industry to create significant demand for auger fillers in several geographic regions.
The key players operating in the Auger Filler market are PER-FIL Industries, Spee-Dee Packaging Machinery, Inc., and Accutek Packaging Companies.
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