The Europe Bottling Line Machinery Market would witness market growth of 4.2% CAGR during the forecast period (2022-2028).
Contract manufacturing is becoming more popular in the food and beverage business due to benefits such as cheaper upfront investment for the customer, minimal storage and warehousing requirements, strong industry experience, and time and cost savings. Furthermore, the COVID-19 pandemic has caused capacity restrictions, which are likely to be addressed by contract production, which will help the business flourish.
Pharmaceutical companies are adding technology into bottling lines to lower costs and raise profit margins, which is expected to boost demand for bottling line machinery. As trend-driven SKU multiplication increases, technological innovations are projected to assist manufacturers in producing products in novel formulas and sizes to meet sustainability and convenience needs.
Several new players are entering the competitive bottling line machinery industry, while current players are looking for new business prospects. By combining artificial intelligence (AI) and industry 4.0, these existing enterprises are building upgraded and unique machines, and the market is defined by intense competitive rivalry.
Consumers' changing lifestyles, combined with their hectic schedules, will drive demand for convenient products, boosting the regional bottling machinery market's growth over the forecast period. Furthermore, throughout the projection period, the rising need for modern bottling machinery with efficient operations would propel the regional market even further.
Furthermore, customers' preference for nutritious, ready-to-cook food products and healthy beverages will drive up demand for bottling machinery in this region. Advanced bottling machinery can assist producers in reducing operation time and cost, boosting the adoption of bottling machinery in the coming years.
In terms of jobs and value-added, the food and beverage industry is the largest manufacturing sector in the EU. It's also useful in trade with countries beyond the EU. The EU has a significant trade surplus in food, and EU culinary specialties are well received abroad. EU food and drink exports have risen in the last decade, reaching over €90 billion and contributing to an over €30 billion positive balance.
The Germany market dominated the Europe Bottling Line Machinery Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $375.9 Million by 2028. The UK market is poised to grow at a CAGR of 3.3% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 5% during (2022 - 2028).
Based on Technology, the market is segmented into Automatic and Semi-Automatic. Based on Application, the market is segmented into Beverages, Prepared Food, Pharmaceutical, Cosmetics & Personal Care, Chemical, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Bottling Line Machinery Market Size will Hit $5.8 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tetra Laval International S.A., ProMach, Inc., Syntegon Technology GmbH, The Krones Group, KHS Group, Barry-Wehmiller Companies, Inc., Coesia S.p.A., Zhangjiagang King Machine Co., Ltd., Sacmi Imola S.C., and OPTIMA packaging group GmbH.
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