Cup Filling Machine Market

COVID-19 Impact analysis

• The COVID-19 pandemic ceased the production of various products in the cup filling machine industry, which is attributed to the global lockdown. This has hampered the growth of cup filling machine market in the years and this trend is expected to continue in first half of 2022.
• The major demand for cup filling machine was previously noticed from giant manufacturing and food processing countries including the U.S., Germany, Italy, the UK, India and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for cup filling machine.
• Further, potential long-term impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Cup filling machine manufacturers can afford a lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis
• Cup filling machine manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

In recent years, there has been a gradual increase in the number of health-conscious people all around the world who discard the use of unpacked food and beverages due to their potential unfavorable health effects. This is expected to drive demand in the cup filling machine market. Moreover, the availability of cup filling machines that have a wide range of filling rates and their completely automatic operation is anticipated to boost their demand. Moreover, increase in demand for products that can’t be kept in an open environment, such as dairy products, ice-creams, coffee, and others, is expected to boost the growth of the cup filling machine market. However, the availability of cheap labor in underdeveloped countries for filling and sealing work is one of the restraining factors hindering the growth of the cup filling machine market in those countries. In contrast, technological advancements in cup filling machines such as completely automatic operation, use of the most recent camera and valve technology for precise volumetric fill, use of the most recent IT infrastructure, and other technologies can not only increase the efficiency of the equipment but also result in an increased rate of filling at a lower cost. This is anticipated to create lucrative opportunities for the growth of the cup filling machine market during the forecast period.

Market Trends

• New products that contain improved capabilities are launched by leading market players. They take necessary steps to improve overall functionality of their products. For instance, in November 2021, the Serac group a cup filling machine manufacturer based in the U.S., introduced an innovative technology for decontaminating cups with the help of pulsating light. This innovation has enhanced the product offerings by company to sustain the competition in the cup filling machine market.
• Further, due to increased demand in packaging industry, especially in the cup filling industry, many companies are expanding their capacities by opening new facilities. For instance, in December 2021, the Paxiom Group, manufacturer of packaging machines, opened state-of-the-art 50,000 sq. ft. facility next to McCarran International Airport in Las Vegas. This new facility is expected to enhance the production capabilities of the company.
• Moreover, many investment companies are investing in this market, after realizing the potential and future growth of packaging industry. For instance, in August 2021, Premji Investment invested $25 million in Delhi based SB Packaging Pvt. Ltd. for a significant stake. This deal assists the SB packaging in Premji Invest to set foot in packaging market.

Key Benefits of the Report

• This study presents the analytical depiction of the cup filling machine industry along with the current trends and future estimations to determine the future investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cup filling machine market share.
• The current market is quantitatively analyzed to highlight the cup filling machine market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed cup filling machine market analysis based on competitive intensity and how the competition will take shape in coming years.