Powder Processing Equipment Market: Innovation, Growing Demand And Business Opportunities By 2030
Powder Processing Equipment Market Analysis
The global powder processing equipment market size will touch USD 22.65 billion at a 6.47% CAGR between 2022- 2030, states the recent Market Research Future (MRFR) analysis. Powder processing equipment, simply put, is the equipment used to crush or powder substances. It has applications in food and beverage, material, metal, pharmaceutical, cosmetic, chemical, and others.
Various factors are propelling the global powder processing equipment market share. According to the recent MRFR report, such factors include growing demand for dairy products, rising GDP, improved standard of living, growing adoption of automation, the rising development in production technology, rising demand from end user industries, and domestic demand for ready meals, spices, tea, coffee, and bakery products.
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By technology, the global powder processing equipment market is segmented into compaction/punches drying and cooling, sintering, dies, mixing and blending, and others. Of these, the mixing and blending segment will lead the market over the forecast period for its wide use in manufacturing and processing facilities to mix minerals, household products, plastics, chemicals, pharmaceuticals, and mix foods.
By end use, the global powder processing equipment market is segmented into food and beverage, material, metal, pharmaceutical, cosmetic, chemical, and others. Of these, the food and beverage segment will dominate the market over the forecast period for its wide applications to manufacture and process gelatin, infant formula, food colorants, flavors, confectioneries, dairy, cocoa, and others.
By region, the global powder processing equipment market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, the APAC region will lead the market over the forecast period. Rise in foreign direct investments in the manufacturing industry, developing manufacturing base, booming end-use industries like construction, food and beverage, and pharmaceutical, increasing production in China, advances in the manufacturing facility, and burgeoning demand for processing equipment in various industries are adding to the global powder processing equipment market growth in the region. Additional factors adding market growth include favorable economic growth in China, growth in the processing and manufacturing industry, booming food and pharmaceutical industries, rising consumption of processed food and a surge in demand for tablet processing equipment.
In North America, the global powder processing equipment market is predicted to have healthy growth over the forecast period. The presence of the world’s two largest mining countries, Canada and the US, rise in exploration activities, growing demand for base and precious metals, booming mining and construction industry, growing food and beverage industry, rapid advances in the healthcare and medical industry, and need for energy-efficient manufacturing techniques. Additional factors fuelling powder processing equipment market growth entails the growing need for high production volume in less time, increasing installation in the metal, pharmaceutical, chemical, and food industries, and the presence of key manufacturers are adding to the global powder processing equipment market growth in the region. Canada and the United States hold the utmost share in the market for the growing adoption in manufacturing plants.
In Europe, the global powder processing equipment market is predicted to have sound growth over the forecast period. The focus of the EFFRA to develop and implement innovative production technologies for different industries, growing demand for pharmaceutical and food and beverage products in France and Germany, and the burgeoning demand for powder processing equipment in the manufacturing plants are adding to the global powder processing equipment market growth in the region.
In the Rest of the World, the global powder processing equipment market is predicted to have steady growth over the forecast period.
Key contenders profiled in the global powder processing equipment market report include Kemutec, Charles Ross & Son Company, Classifier Milling Systems, Powder Systems Corporation, British Rema, Powder Process-Solutions, Sanovo Technology Group, Hänsel Processing GmbH, Dongsun Powder Processing Equipment Co., Ltd, Sollich UK Ltd, Bepex International LLC, Syntegon Technology GmbH, Hosokawa Micron Corporation, and Baker Perkins Limited.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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