Market Trends of Automatic Liquid Filling Industry
This section covers the major market trends shaping the Automatic Liquid Filling Market according to our research experts:
Cosmetics Industry Offers Potential Growth
- Nowadays, cosmetics are considered to be one of the essential commodities of life. As the market is evolving rapidly, and globalization is at its peak, cosmetics emerging in the market have been demanding attractive packaging styles, and the whole packaging industry revolves around consumer preference. This demand for innovative packaging has played an important role in driving sales.
- For instance, when it comes to face creams, men do not like to stick their fingers into a jar. Thus, the companies are offering creams in pump packages. And for this, the automatic liquid filling machines play a crucial role.
- Furthermore, under hair care products, the demand for shampoo is very high. According to Drug Store News, the sales value of shampoo was valued at USD 554.18 million, in 2018, and it is expected to increase every year. Therefore, for shampoo manufacturers, automatic liquid filling equipment may help in fulfilling the demand
- Furthermore, under cosmetics, the fragrance industry has the highest growth, and it is forecasted by International Flavors and Fragrances, that in 2019, the market for flavor and fragrance in Europe may be valued at USD 5 billion. The demand for fragrances is increasing among the working women, because of the increase in disposable income. And this may create a huge market opportunity for the automatic liquid filling machines.
- Therefore, with the increase in demand for other cosmetics products, such as oils, creams, or any gel-based products, cosmetics suppliers see a positive opportunity. Thus, in return, it may create a market for automatic liquid filling equipment, among the manufactures.
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Asia- Pacific to Witness Fastest Growth
- The Asia-Pacific regions feature the highest demand for skincare, and particularly luxury products, as stated by L'Oréal. It is favored by the rising disposable income of consumers, the trend of online shopping, coupled with an increasing consumer base of people interested in personal hygiene and physical appearance. This is supported by highly populated countries, like India and China.
- Furthermore, with health-conscious consumers increasing awareness regarding the various benefits of products, the people are shifting toward healthy drinks, such as organic fruit juices, sugarfree liquid refreshments, etc. This trend is creating a market for automatic liquid filling equipment. As the entire process is operated through computers, there is no chance of any contamination. This acts as a catalyst for this market.
- Furthermore, according to the International Wine and Spirits Record (IWSR), China is expected to increase its wine imports by 8 %, in 2019. The increase in demand for wines may create an indirect demand for automatic liquid filling, among the manufactures, because it may help in reducing the assembly line process, by minimizing human errors.
- Therefore, the abovementioned factors are expected to help in increasing the demand for the automatic liquid filling market, in the Asia-Pacific regions.
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