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The global bottle filling machine market size is expected to reach USD 4.90 billion by 2026. The emergence of advanced technologies such as IoT, AI and Big Data in beverage manufacturing beverage processing equipment will subsequently aid the bottle filling machine market trends during the forecast period. Moreover, the growing focus of beverage manufacturers towards enhancing production process will spur opportunities for the market in the foreseeable future, mentioned in a report, titled “Bottle Filling Machine Market Size, Share & Industry Analysis, By Bottle Type (PET Bottles, Glass Bottles and Others), By Application (Food Products, Beverages, Chemicals & Pharmaceuticals and Cosmetics) and Regional Forecast, 2019-2026” the market size stood at USD 3.81 billion in 2018 and is predicted to exhibit a CAGR of 3.2% between 2019 to 2026.
Collaboration of JBT Corporation and PLF International Limited to Augment Growth
JBT Corporation, an American food processing machinery and equipment company announced that it has acquired PLF International Limited (PLF), a global leader in design and manufacture of vacuum filling machines and powder filling systems for the global food and beverage markets. The transaction involved a price of £28 million offering PLF's expertise and complementary products to Liquid Foods, which in turn, will aid in the extension of the portfolio. The launch partnership between the two companies can be vital factor in boosting the growth of bottle filling machine market during the forecast period owing to the company’s plan to accelerate their earnings by $0.03 - $0.05 per share for 2018 and $0.06 - $0.08 per share for 2019. Furthermore, the growing innovation in machines will have a positive impact on the market in the forthcoming years. For instance, in August 2018, Bosch Packaging Technology was awarded the German Packaging Award for its ALF 5000 series, an innovative technology-based filling and sealing machine. This ALF series is used for filling ampoules and vials in the pharmaceutical industry.
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High Demand for Healthy Beverages to Foster Growth
The growing demand for hygienic and healthy food and beverage products will bolster growth of the market in the forthcoming years. Moreover, the stellar demand for bottled drinks owing to the its safety and convenience will enable rapid growth of the market in the foreseeable future. Moreover, the rising focus of government towards expanding the food and beverage industry to maintain the food value chain will augur well for the market. The introduction of innovative business models, cost-effective techniques, and advanced product offering will create growth opportunities for the market during the forecast period. The rising inclination towards milk, fresh fruit juices, vegetable juices and other beverages among consumers will spur business opportunities for the market. However, the high initial cost of bottle filling and sealing machine will restrict the adoption within manufacturers, which will, subsequently dampen the growth of the market. The integration of various advanced technologies such as machine vision and IoT increases the purchasing cost of the machines, thus hampering the adoption among manufacturers. The complexity of such equipment can also be a crucial factor restricting the growth of the market. In addition, the high maintenance cost of these machines will diminish bottle filling machine market share.
The Report List the Main Companies in the Bottle Filling Machine Market
Further Report Findings:
The Market is Segmented into:
ATTRIBUTE | DETAILS |
Study Period | 2015-2026 |
Base Year | 2018 |
Forecast Period | 2019-2026 |
Historical Period | 2015-2017 |
Unit | Value (USD billion) |
Segmentation | By Bottle Type
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By Application
| |
By Region
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