Research Report: Global Automatic Liquid Filling Market | Page 2

The Global Automatic Liquid Filling Market is valued at USD 2071.32 billion in 2016 and is expected to reach a value of USD 2636.03 billion by the end of 2022 , growing at a projected CAGR of 4.1 % during the forecast period of 2017 – 2022 . The increasing demand for packaged liquid products creates potential for liquid filling solutions . Modern packaging techniques make it possible to pack liquids with almost all kinds of chemical composition and viscosity . Functional expectation of a brand owner are logistical benefits , easy pouring and drinking experience for customers and differentiated opening techniques for aged consumers , for this there is continuous innovation in the packaging techniques .
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Other than beverages , chemicals and industrial liquids are also highly demanded due to their varied function . These highly demanded liquids require an efficient filling and packaging solutions for better transportation & storage . Traditional and the most convenient way to pack liquid is bottles , but it has certain negative factors such as high rate of breakage , inconvenience in returning , high logistics payload , etc . due to which companies have been shifting over more efficient packaging such as pouch & PET bottles .
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The traditional filling machines used by brand owners are rigid and dysfunctional because of their operating costs and complexities . Companies are continuously undergoing various business reengineering practices to optimize their working efficiency and reduce operating costs so as to increase the profit margins . There is a demand for flexible filling solutions which can adapt to the changing packaging requirements without incurring much of the costs , to varied filling needs such as volume , speed and type of container . Europe , North America & regions with a high population in Asia-Pacific contains the maximum potential for liquid filling solutions .
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DRIVERS : 1 . The factors driving the growth of the automatic liquid filling market are increased
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