Steady Rise in Cup Filling Machines Installation, Dairy Products Remain Key Revenue Contributors: FMI Study
Cup filling machines market is redefining the industry of packaging machinery, which is envisioned to grow at promising rate. CPG (Consumer Packaged Goods) manufacturers are embracing flexible and rigid packaging solutions. Consumers are shifting towards nutritionally affluent ready-to-consume products. Retailers are capturing the preferential shifts by offering better-for-you food & beverage products to satiate time-pressed individuals. As such, manufacturers of cup filling machines are targeting specialty stores for enhanced business footprint.—
Owing to rising demand for ready-to-consume products, North America and Europe are expected to lead cup filling machines market. Whilst East and South Asia are exhibiting fastest adoption rate. FMI, in its recent market research, finds that global cup filling machines market is anticipated to grow at a CAGR of ~4.5% over forecast period (2019-2029).
Demand Upsurge in Food and Beverage Sectors.
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The food & beverage packaging industry is growing modestly, as such, adoption of cup filling machines in food and beverage sectors is projected to hold voluminous share by 2029 end. Manufacturers of cup filling machines are following consumers’ preference for convenient food items. Further, rising prominence of singleton households in countries, including South Korea, and Japan, indicate the need for specific-sized packaging products.
FMI discovers notable upsurge in demand for dairy products, such as milk, yogurt, ice cream, and curd, in developing countries, despite steady consumption in western countries. The food and agriculture organization (FAO) of the United Nations reveals that worldwide milk production is expected to observe significant uptick in 2019, majorly led by India, and the US.
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Automatic and Semi-Automatic Cup Filling Machines Remain Sought-After
The market of cup filling machines has been undergoing drastic transmutation with advent of industrial automation. Manufacturers are turning to state-of-the-art machinery that is time-, and cost-efficient. FMI finds that automatic and semi-automatic cup filling machines hold ~99% market share, with the former maintaining its supremacy throughout forecast period. Whilst semi-automatic cup filling machines are witnessing faster adoption rate, automatic iterations are generating returns that are twice as much.
As labor expenses in developing regions are high, food & beverage producers are shifting away from manual cup filling machines, which contribute negligibly in overall market revenue. In a bid to enhance their throughput, industrial operators are turning to automatic and semi-automatic cup filling machines.
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Analysts at FMI suggest that “Demand for cup filling machines tends to surge in line with rising inclination towards ready-to-consume food & beverages. Further, manufacturers are developing automatic and semi-automatic iterations to facilitate high-speed packaging.”
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