PUBLISHER: SkyQuest | PRODUCT CODE: 1322063
PUBLISHER: SkyQuest | PRODUCT CODE: 1322063
North America Food & Beverage Filling & Capping Machines Market size was valued at around USD 1.67 billion in 2021 and is poised to grow from USD 1.76 billion in 2022 to USD 2.62 billion by 2030, at a CAGR of 5.3% over the forecast period (2022-2030).
According to predictions, the two primary variables influencing the food and beverage business will be an increase in disposable income and an increase in the number of young people in North America with large purchasing power. This is predicted to raise demand for filling and capping equipment during the course of the anticipated time. The increase in the demand for processed foods and beverages, rising immigration, technological advancements in packaging equipment, a supportive political environment, good infrastructure, and high-tech machinery are the main drivers of the growth of food and beverage filling and capping machines used in the food and beverage industry in the U.S.
Top-down and bottom-up approaches were used to estimate and validate the size of North America Food & Beverage Filling & Capping Machines and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
North America Food & Beverage Filling & Capping Machines Market is segmented based on equipment, type, end-use and region. Based on equipment the North America Food & Beverage Filling & Capping Machines Market is segmented into filling (aseptic, rotary, net weight, volumetric), capping. Based on type the North America Food & Beverage Filling & Capping Machines Market is segmented into automatic, semi-automatic and manual. Based on end-use the market is segmented into beverages, (alcoholic beverages, dairy & dairy alternatives, water, juices & soft drinks) and food. Based on region the North America Food & Beverage Filling & Capping Machines Market is segmented into northeast, midwest, west, and southwest.
Driver
Rise of Packed Food to Bolster Market Growth
The demand for packaged food and beverages has increased as a result of urbanization and lifestyle changes. The market for filling and capping equipment in North America has increased as a result.
Restraint
High Machine Cost to Hinder Market Growth
The market's expansion is significantly impeded by the high cost of filling and capping equipment. Small and medium-sized businesses find it challenging to invest in such equipment, which restrains the market's expansion.
Trend