Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Bottling Line Machinery Market size is expected to reach $5.8 billion by 2028, rising at a market growth of 4.6% CAGR during the forecast period.
The Automatic segment acquired maximum revenue share in the Global Bottling Line Machinery Market by Technology in 2021, thereby, achieving a market value of $3.7 billion by 2028. Increased compliance with legal and client criteria, as well as improved efficiency and consistency, are some of the factors boosting demand for the automatic segment. Processed food manufacturers are now incorporating automated food technology into their traditional packaging processes in order to offer high-quality packaged goods. Tetra Laval Group, Coesia S.p.A., Zhangjiagang King Machine Co., Ltd., and Hiemens Bottling Machines are some of the companies that provide automation machinery.
The Pharmaceutical segment is showcasing a CAGR of 5.5% during (2022 - 2028). This is because new technology and highly cost-effective and efficient manufacturing methods have been introduced. The increased demand for innovative medicines and treatment procedures around the world is likely to drive this product's use in pharmaceutical applications.
The Asia Pacific market dominated the Global Bottling Line Machinery Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.0 billion by 2028. The Europe market is estimated to witness a CAGR of 4.2% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/bottling-line-machinery-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
Unique Offerings from KBV Research
North America Bottling Line Machinery Market Future Scope & Opportunities 2022-2028
Europe Bottling Line Machinery Market Size & Growth Forecast 2022-2028
Asia Pacific Bottling Line Machinery Market Size, Share & Industry Outlook to 2028
LAMEA Bottling Line Machinery Market Growth, Trends & Forecasts 2022-2028