South Korea Filling Machine Market Size & Outlook
South Korea filling machine market, 2018-2030 (US$M)
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South Korea filling machine market highlights
- The South Korea filling machine market generated a revenue of USD 257.3 million in 2021 and is expected to reach USD 381.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.5% from 2022 to 2030.
- In terms of segment, volumetric was the largest revenue generating product in 2021.
- Aseptic is the most lucrative product segment registering the fastest growth during the forecast period.
Filling machine market data book summary
| Market revenue in 2021 | USD 257.3 million |
| Market revenue in 2030 | USD 381.7 million |
| Growth rate | 4.5% (CAGR from 2021 to 2030) |
| Largest segment | Volumetric |
| Fastest growing segment | Aseptic |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aseptic, Rotary, Net Weight, Volumetric |
| Key market players worldwide | GEA Group AG, Krones AG, John Bean Technologies Corp, Robert Bosch Engineering & Business Solutions, Compass Inc Class A, Barry-Wehmiller Packaging Systems, Ronchi Mario, KHS Group, Accutek Packaging Equipment Inc., Tetra Laval, Coesia, Canadian Pacific |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.9% of the global filling machine market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China filling machine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,080.8 million by 2030.
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Filling Machine Market Scope
Filling Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea filling machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to filling machine market will help companies and investors design strategic landscapes.
Volumetric was the largest segment with a revenue share of 24.17% in 2021. Horizon Databook has segmented the South Korea filling machine market based on aseptic, rotary, net weight, volumetric covering the revenue growth of each sub-segment from 2018 to 2030.
The food and beverage industry has expanded in market scenario, as foreign investors are interested in investing in South Korea.
Moreover, the macroeconomic factors such as spending power, rising income, etc. favor the packaging industry as the consumers tend to spend high on eating out and processed food. This has upsurge the demand for filling machines.
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Target buyers of South Korea filling machine market databook
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Our clientele includes a mix of filling machine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea filling machine market , including forecasts for subscribers. This country databook contains high-level insights into South Korea filling machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea filling machine market size, by product, 2018-2030 (US$M)
South Korea Filling Machine Market Outlook Share, 2021 & 2030 (US$M)
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