SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Manual Filling Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 1173
Companies: 40 - Players covered include Accutek Packaging Equipment Companies, Inc.; Coesia Group; Fisnar, Inc.; GEA Group AG; Graco, Inc.; JBT Corporation; Jet Pack Machines Pvt Ltd; Liquid Packaging Solutions Inc.; Lodha International LLP; Neostarpack Co., Ltd.; Nordson Corporation; Tridak LLC; Universal Filling Machine Co; Vitro Pharma Machinery and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Food & Beverage, Health & Pharmaceutical, Chemical, Personal Care, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Manual Filling Equipment Market to Reach $2.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Manual Filling Equipment estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Food & Beverage, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$830.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Health & Pharmaceutical segment is readjusted to a revised 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $447.6 Million in 2021, While China is Forecast to Reach $449 Million by 2026
The Manual Filling Equipment market in the U.S. is estimated at US$447.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$449 Million by the year 2026 trailing a CAGR of 8.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Chemical Segment to Reach US$442.3 Million by the year 2026
In the global Chemical segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$241 Million in the year 2020 will reach a projected size of US$344.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.