Market Trends of Bottling Machinery Industry
Beverage Industry to Show a Significant Growth
- The key soft drink brand Coca-Cola announced an industry-leading goal to significantly increase its use of reusable packaging. By 2030, the company seeks to have at least 25% of all beverages globally across its portfolio of brands sold in refillable/returnable glass or plastic bottles or containers through traditional fountains or Coca-Cola Freestyle dispensers.
- For instance, in February 2023, Coca-Cola Europacific invested over EUR 40 million (USD 43.29 million) into enhancing its refillable bottling infrastructure in Germany. The company's objective is to strengthen the sustainability of its supply chain and simplify consumer access to beverages in refillable glass bottles. The investment will also fund a new packaging machine for glass bottles in Monchengladbach and a new filling line in Luneburg.
- Beverage companies must expand their production capacities to meet the growing demand for fruit juice. This will lead to increased investments in new bottling machinery. According to a recent study published by the British Soft Drinks Association in June 2023, fruit juice consumption in the United Kingdom was estimated to increase from 906 million liters in 2019 to 973 million liters in 2022.
- According to the US Census Bureau, the total sales generated by grocery stores in the United States in 2023 amounted to USD 884.76 billion compared with USD 653.18 billion in 2017. With the growth in grocery sales, there's likely an increase in the consumption of packaged beverages such as bottled water, soft drinks, juices, and energy drinks.
- Beverage manufacturers will need to scale up production to meet the growing demand, leading to increased investments in bottling machinery.
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Asia is Expected to Account for Significant Market Growth
- The growth of retail outlets provides opportunities for SMEs to enter the bottled products market, necessitating affordable and scalable bottling machinery solutions tailored to their needs. The expanding retail network supports entrepreneurial ventures in the bottled products sector, driving demand for versatile and user-friendly bottling machinery.
- According to the USDA Foreign Agricultural Service, the number of retail grocery outlets in India was expected to increase from 12.79 million in 2021 to 13.05 million by mid-2023, which is expected to impact the bottling machinery market positively.
- More retail outlets require an efficient supply chain to ensure timely delivery of bottled products, prompting investments in bottling machinery that can support high-speed and high-volume production.
- China is one of the largest and rapidly expanding pharmaceutical markets worldwide. According to the National Bureau of Statistics of China, the retail trade revenue of traditional Chinese and Western pharmaceuticals surged from USD 7.41 billion in April 2023 to USD 9.64 billion in December 2023.
- The pharmaceutical industry requires high precision and rigorous quality control. There will be a high demand for advanced bottling machinery that ensures accurate dosage, prevents contamination, and complies with regulatory standards.
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