Market Leaders - Automatic Checkweigher Market
Automatic checkweighers are becoming increasingly important tools owing to several benefits offered by them in different industries such as food & beverages, pharmaceuticals, consumer products, cosmetics, and personal care. The demand for automatic checkweighers is propelled by the increasing awareness among manufacturers about the advantages of automatic checkweighers and tightening regulatory policies that need to be strictly followed by the packaging industry. The automatic checkweigher market is expected to grow from USD 238 million in 2019 to USD 289 million by 2024, at a CAGR of 4.0%.
The automatic checkweigher market for the pharmaceuticals industry is anticipated to grow at the highest CAGR from 2019 to 2024. In the pharmaceutical industry, automatic checkweighers are primarily used to check the weight of capsules, sachets/sticks, standing pouches, bottles/cans, bags/cartons/cases, and others. The demand for automatic checkweighers is increasing in pharmaceutical manufacturing as there is a high demand for accurate product weighing to attain quality control guidelines and avoid costly fines.
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The market for EMFR technology is expected to grow at a higher CAGR from 2019 to 2024. EMFR load cells are intelligent sensors that help compensate and control a wide variety of functions, which can directly impact the weighing performance, including sampling rate, filtering, noise reduction, and temperature compensation. EMFR load cells provide very fast and highly accurate results than those of strain gauge load cells. The demand for EMFR technology-based automatic checkweighers is likely to increase in the near future as these checkweighers provide fast and highly accurate results than those of strain gauge load cells.
The automatic checkweigher market in APAC is expected to grow at the highest CAGR from 2019 to 2024. Growing urbanization, increasing disposable income, and changing consumer preferences and food habits are expected to fuel the growth of the food & beverage industry, which, in turn, is expected to propel the automatic checkweigher market in APAC. Moreover, stringent regulations pertaining to weighing and measuring tools, regulatory mandates in the healthcare industry to maintain compliance with good manufacturing practices (GMP), and inclination of manufacturing industries toward process automation are the key factors driving the growth of the automatic checkweigher market in APAC.
Related Reports:
Automatic Checkweigher Market by Type (Standalone Systems, Combination Systems), Technology (Strain Gauge, EMFR), Industry (Food & Beverages, Pharmaceuticals, Consumer Products, Cosmetics, & Personal Care), and Region - Global Forecast to 2024
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