April 23, 2020
According to the research report titled ‘Global Infant Formula Powder Filling Machine Market Research Report 2020’, available with Market Study Report LLC, global infant formula powder filling machine market was worth USD 42 million as of 2020 and is expected to register a y-ygrowth rate during the study period, subsequently accounting for USD 49 million by the year 2026.
For the record, infant formula powder filling machine reduces the oxygen in the tank thereby increasing the product shelf life. Growing infant population and increasing number of working women are prime factors fueling the market growth. The market is expected to further expand owing to improving economic conditions and rising per capita income. Surge in number of supermarkets and booming e-commerce industry provides the option of choosing from varied products, in turn augmenting infant formula powder filling machine market.
As per type, fully automatic segment holds 75% market share as of 2020. The machine not only reduces the labor cost but also helps in increasing the production output. Advancements in automated powder filling machines is fueling the segmental growth.
Based on the application spectrum, cans segment currently accounts for 77% market share, primarily due to rising concerns pertaining to harmful impact of plastic bottles. Additionally, convenience associated with infant formula cans is also favoring the market outlook.
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As per the regional scope, infant formula powder filling machine market in Asia-Pacific is poised record a remunerative growth through 2026. Improving economy and rising number of women workers are augmenting the product adoption. High concentration of key industry players and rising per capita income are also swaying the business dynamics in Asia-Pacific.
Companies operating in global infant formula powder filling machine industry are Starlight, Zhenzhou Aute, Spee Dee, Shanghai Dingjiang, Shanghai Dahe Pack, Nalbach Engineering, Swiss Can Machinery, Grabher Indosa, All-Fill, Premier Tech, Jorgensen, PLF, Optima and GEA among others.
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