Tube Filler Market Report Overview
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The global tube filler market size is expected to be USD 249.2 million in 2022 and the market is projected to touch USD 339 million by 2031, exhibiting a compound annual growth rate (CAGR) of 3.5% during the projected period.
The global COVID-19 pandemic has been unprecedented and staggering, with tube filler lower-than-anticipated demand across all regions compared to pre-pandemic levels.
The machines or equipment are powerful machines that automatically fill product materials into tubes. The machine necessitates a filling material, closing, and the filling tone and volume required. These are used to pack food pastes in the food industry, glues, caulk, and sealants in the chemical industry, creams and gels in the cosmetics industry, and ointments and toothpaste in the pharmaceutical industry. They are designed and engineered to produce high-quality, accurate tube filling and securing of plastic tubes at a rate of 90 tubes for each minute. It is widely employed in the pharmaceutical, chemical, cosmetic, and food industries.
Furthermore, it is capable of handling semi-viscous, viscosity, and liquid goods such as cosmetic products, shaving foam, balm, body lotion, lotion, paste, topical, styling products, toothpaste, and others. Furthermore, tube-filling machines with high performance and efficiency are used for the pharmaceutical and cosmetic industries.
COVID-19 Impact: Supply and Lockdown Limitations to Decline Market Advancement
Coronavirus has had a negative impact on the growth of many businesses, including the industries of machinery and equipment. Regional governments around the world levied shutdown, causing business owners to see a decline in the demand for the machines in the second and third quarters of 2020.
With the decrease in demand, manufacturers or industrialists reached the machinery and equipment sector and government concessions in order to increase their product sales in the third and fourth quarters of 2020. The reopening of initiatives and many cosmetic products introductions or launches, utilizations by various pharmaceutical industry have cleared the way for the tube filler market manufacturers, and growing demand for the tube filler market is anticipated to reach at greater levels during the estimated timeframe.
LATEST TRENDS
"Increasing Trend of Plastic Tube Filling Machines to Stimulate Market Development "
Plastic tube filler machine is a strong and portable machine with a workable system based on a rotating disc and a movable tube holder for various tube sizes. The machine also includes a non-return highly prized fitting followed by SS filling square to ensure smooth and efficient operation. The equipment's assisting system prevents content from trailing. Along with all of the processes, the plastic tube filler device comprises a security switch support, as well as measuring accuracy standards. The rising trend of plastic tube filler is going to benefit the industry and propel the machine market growth in the long run.
Tube Filler Market Segmentation
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- By Type
Based on type; the market is divided into automatic, semi-automatic
Automatic type is the leading part of the type segment.
- By Application
Based on the application; the market is divided pharmaceutical, personal care, food & beverages, others
Pharmaceutical is the leading part of the application segment.
DRIVING FACTORS
"Increasing Usage by Industry Sector to Aid Market Expansion "
The filler machines are employed by industrial manufacturers because their high speed allows them to quickly fill products such as creams and lotions into tubes. Because the machine moves quickly, the production efficiency rises. Another advantage of the fillers is they are manually filled, resulting in high volatility in the quantity of filling process for tube producers. The filling tube equipment's advantageous feature is that by employing the machine, the corporation reduces production costs and the machine also reduces labour workload. Additionally, the machine's simple operation enables the user to use the equipment without having to learn any brief mechanism.
"Recycling Process Feature of the Machine to Foster Industry Progress "
The machine is widely known for their capability and efficiency and hence is employed widely in almost all the sectors to manage time and cost at the same time. They are also used to decrease product waste because the machine collects the waste of the product and reuses them in another tube. Therefore, the machine does the recycling process itself and no workforce is required to manage the product waste. Therefore, saving the effort of the workforce.
RESTRAINING FACTORS
"Investment Required for Installation of the Equipment to Hinder Market Advancement "
However, the high price or investment required for the installation of the machine or equipment may limit the tube filler market share. Furthermore, the increasing complexity of the devices may suppress market growth.
Tube Filler Market Regional Insights
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Preferred Option by Growing Number of Industries to Foster Market growth in Asia Pacific
As previously stated, Asia Pacific has been a fantastic industry for tube filler market growth. It is expected to last at least another five years. The newer folks who are more interested in packaged foods will indirectly push the tube filler market share. In addition, Asians' purchasing power has increased dramatically in recent years.
In a summary, the machine line equipment or tube filler is indeed a preferred option for many industries, which is why the market overall for those beneficial tools and instruments will undoubtedly lead the markets in the future.
KEY INDUSTRY PLAYERS
"Notable Players in the Industry to Promote Market Expansion "
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market size features, and market growth by type, industry, and customer sector. Furthermore, it presents a complete examination of commercialization factors prior to and following the Covid-19 pandemic. The report examines factors influencing the market both from demand and supply sides, as well as market dynamics influencing the market during the forecast period, such as drivers, constraints, possibilities, and development outlook. The report also includes an in-depth porter's five forces analysis emphasizing factors that influence the market within those regions.
List of Market Players Profiled
- Norden Machinery (Sweden)
- IWK Verpackungstechnik GmbH (Germany)
- ProSys (U.S.)
- CITUS KALIX (Italy)
- Comadis (U.K.)
- Axomatic Group (Italy)
- Bergami Srl (Italy)
- TGM-TECNOMACHINES (Italy)
- Shanghai Longteng Technology Co (China)
- Subnil Tube Fillers (India)
- Accutek Packaging (U.S.)
- KENTEX (U.S.)
- Nima Erreti Packaging (Italy)
REPORT COVERAGE
The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 249.2 Million in 2022 |
Market Size Value By |
US$ 339 Million by 2031 |
Growth Rate |
CAGR of 3.5% from 2022 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the tube filler market expected to touch by 2031?
Based on our research, the global tube filler market is projected to touch USD 339 million by 2031.
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What CAGR is the tube filler market expected to exhibit by 2031?
The tube filler market is expected to exhibit a CAGR of 3.5% by the forecasted year 2031.
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What are the driving factors of the tube filler market?
Increasing usage by industry sector and recycling process feature of the machine, to drive the tube filler market.
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Which are the top companies operating in the tube filler market?
Norden Machinery, IWK Verpackungstechnik GmbH, ProSys, CITUS KALIX, Comadis, Axomatic Group, Bergami Srl, TGM-TECNOMACHINES, Shanghai Longteng Technology Co, Subnil Tube Fillers, Accutek Packaging, KENTEX, Nima Erreti Packaging are the top companies operating in the tube filler market.