As per the research conducted by Future Market Insights research, the global volumetric filling machines market is expected to account for US$ 1.8 billion in 2023 and will further expand at a CAGR of 3.1% to get a valuation of US$ 2.4 Billion by the year 2033. The sales of the volumetric filling machines are anticipated to bolster with the top 3 countries projected to hold approximately 25 to 30% of the market in 2023.
Based on the machine type, the automatic segment is projected to remain the leading among the other machines used for volumetric filling. The automatic feature is estimated to expand 1.3 times the current market value from 2023 to 33.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 1.8 Billion |
| Market Size 2033 | US$ 2.4 Billion |
| Value CAGR (2023 to 2033) | 3.1% |
| Collective Value Share: Top 3 Countries (2022E) | 25 to 30% |
According to the FMI analysis, the volumetric filling machines market revenue totaled US$ 1.7 Billion in 2022. With the propelling demand from the various end-use industries, the global volumetric filling machines market is projected to reach US$ 2.4 Billion by 2033, accelerating at a CAGR of 3.1% during the forecast period.
The volumetric filling machines market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that volumetric filling machine sales will rise from 2023 to 2033 and is projected to create an absolute incremental growth opportunity of US$ 689.8 Million.
The significantly rising demand for automation machines in various end-use industries has increased the demand for volumetric filling machines. The volumetric filling machines market is anticipated to expand 1.4 times the current market value during the forecast period.
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The global volumetric filling machines market witnessed a CAGR of 2.7% during the historical period with a market value of US$ 1.7 Billion in 2022.
A volumetric filling machine is a packaging machine that measures products from bulk according to predetermined volumes and fills them into packaging containers. The volumetric filling machines are adherences to strict hygienic conditions without human intervention. Due to this, it is widely used in the food and beverages industry to maintain the hygiene and high-speed filling of products. The beverages industry optimizes the use of volumetric filling machines by filling various products such as milk, dairy products, alcoholic & non-alcoholic beverages, etc. Food and beverage packaging manufacturers often use volumetric filling machines because they are more cost-effective and efficient than other packaging machines. Therefore, the market for volumetric filling machines is primarily driven by the food and beverage industries
The rising demand for packaged and processed food along with rising consumption of takeaway food, rapid automation in packaging industries, and increasing health consciousness among people are all expected to drive the demand for volumetric filling machines during the forecasted period.
The rising need for packaged goods is necessitating quicker and more accurate measurement packaging, which is accomplished by adopting automation machinery. Considering the adaptability of filling machines, the various manufacturers in the packaging industry have implemented automatic volumetric filling machines to cut labor costs, high the accuracy of filling, and meet consumer demands. In the packaging industry, manufacturers choose technological support for an operational task to achieve the appropriate level of hygiene and product quality, due to strict government regulations in various end-use industries such as the food and beverages industry to maintain hygiene and product quality, will lead the demand for volumetric filling machines market.
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The automatic segment holds the major portion of the global volumetric filling market, based on the machine type. The automatic volumetric filling machines are predicted to have around 72% of the market share by the end of 2023.
Automatic volumetric filling machines have higher demand due to their fast filling mechanism, it actually reduces labor costs, packaging time, and measurement errors. Volumetric filling machines are not only liked for their capability to package large quantities of products quickly but also for their versatility in creating attractive packaging, which saves space on the floor from heavy machinery and eliminates the need for material handling equipment. Thus, automatic volumetric filling machines are projected to hold a significant portion of the global market.
As per FMI analysis, the food and beverages are expected to grow at a CAGR of 3.5% during the forecast period.
The rise in the demand for packaged and processed food and beverages products along with rising consumer awareness for food safety will offer lucrative growth opportunities in the global volumetric filling machines market. The beverage products such as juices, alcoholic and non-alcoholic, dairy products, ice creams, etc., manufacturers widely use volumetric filling machines to meet the demand of consumers. The demand for volumetric filling machines is expected to grow owing to the rapid expansion of the food services industry and the rising use of automatic machinery for packaging goods will bolster the growth of the market.
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The US is expected to hold around 81% of the North American volumetric filling machines market by the end of the forecast period.
Developed countries such as the US, have lucrative growth opportunities for market expansion due to rising consumption of take-away food and beverages products such as alcoholic and non-alcoholic drinks. The rising urban population has influenced packaged food and beverage products. According to the American Beverage Association (ABA), the beverage industry plays an important role in the US economy. This shows that the beverage industry is expanding which has a direct impact on the volumetric filling machine market.
The cosmetic and personal care market is one of the sectors in India that is expanding the fastest due to the increase in the adoption of western culture. India's beauty, cosmetic, and grooming industry would be worth US$ 20 billion by 2025, predicts the India Brand Equity Foundation (IBEF). The rise in disposable income of consumers and awareness of grooming among consumers will grow the demand for cosmetic and personal care products and so for the volumetric filling machines market.
The key players operating in the volumetric filling machine market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. The key players are trying to adopt a merger & acquisition strategy to expand their resources and are developing new products to meet customer needs. Also, the players are focusing on upgrading their facilities to cater to the demand. Some of the recent key developments by the leading players are as follows –
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.1% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in 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 | Machine Type, Operating Speed, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | SP Filling Systems; Karmelle Liquid Filling & Capping Solutions Limited; THE ADELPHI GROUP OF COMPANIES; Brothers Pharmamach India Pvt. Ltd.; Flow Tronix; Lodha International LLP; Yamato Corporation; OPTIMA packaging group GmbH; Universal Filling Machine Company; APACKS; PAXIOM; Filling Equipment Co., Inc.; Liquid Packaging Solutions, Inc.; Volumetric Technologies; PACK’R Filling Specialist |
| Customization & Pricing | Available upon Request |
By Region, Volumetric Filling Machines Market is Segmented as:
In 2022, the value of the global volumetric filling machines market was US$ 1.7 Billion.
During the forecast period, the global volumetric filling machines market is anticipated to expand at a CAGR of 3.1%.
The global volumetric filling machines market is expected to reach US$ 2.4 Billion by the end of 2033.
During the forecast period, the automatic segment is likely to be the fastest-growing machines type in the global volumetric filling machine market.
The demand for volumetric filling machines is driven by the need for reliable high-speed, accurate measurements, cutting down labor costs by the packaging manufacturers.
SP Filling Systems, Karmelle Liquid Filling & Capping Solutions Limited, THE ADELPHI GROUP OF COMPANIES, Brothers Pharmamach India Pvt. Ltd., Flow Tronix, Lodha International LLP, Yamato Corporation, OPTIMA packaging group GmbH, Universal Filling Machine Company, APACKS, PAXIOM, Filling Equipment Co., Inc., Liquid Packaging Solutions, Inc., Volumetric Technologies are the top players supplementing the sales of volumetric filling machines.
As per the FMI analysis, the Indian volumetric filling machines market is projected to expand at a CAGR of 3.9% from 2023 to 2033.
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