PUBLISHER: Grand View Research | PRODUCT CODE: 1363448
PUBLISHER: Grand View Research | PRODUCT CODE: 1363448
The North America beverage filling and capping machine market size is expected to reach USD 1.98 billion by 2030, registering a CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc.. The growing beverage industry, coupled with technological advancements in filling & capping machines, is anticipated to fuel the market expansion over the forecast period. For instance, Krones AG, a provider of processing, filling, and packaging equipment, in collaboration with Device Insight, has developed a central IoT solution for remote servicing of more than 20,000 machines worldwide. This emphasizes the importance of providing prompt and secure services to clients by manufacturers. The beverages industry has emerged as a high-growth industry, notably in the beverage processing segment over the past few years, owing to its significant potential for value addition.
The industry is under rising pressure to meet the increasing requirements of a growing urban population. Consumers are becoming more aware of the importance of healthy habits and sustainability, which is driving the demand for healthy beverages. According to the International Bottled Water Association, in the U.S., bottled water remained the most popular beverage in terms of volume, surpassing all other packaged beverages in 2020. The consumption of bottled water in the U.S. increased from 42.1 gallons per capita in 2018 to 46.5 gallons per capita in 2022, which is expected to drive the market growth. According to the International Bottled Water Association, bottling and capping form the final stage in the packaging process of beverages.
Bottlers are experiencing increasing pressure to provide high-quality products with financial constraints while maintaining regulatory compliance. Beverage filling and capping machinery help achieve this while improving profitability, eliminating waste, and minimizing the overfilling of beverages during packaging. This, in turn, is anticipated to fuel the product demand over the forecast period. Beverage filling & capping machinery are used by various industries for packaging applications to increase the speed and production volumes. As with any machinery, these machines are continuously evolving and improving in terms of the technologies used. Thus, ongoing development is expected to bring new benefits to users in the future. The new beverage filling and capping machinery are highly efficient and user- making them an integral part of production lines.