Global Food Processing Seals Market was valued US$ 1.7 Bn in 2017 and is expected to reach US$ 4.2 Bn by 2026, at CAGR of 11.97% during forecast period.
The growing demand for processed and packed food is expected to drive the demand for food processing seals in all regions. In addition, the necessity to save raw materials from deteriorating by processing them is another factor driving the global food processing seals market. The rapid-growth of the middle-class population in emerging countries, like as China and India and changing lifestyle and food consumption pattern fueling the growth of the global food processing seals market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
On the basis of material type, elastomer is expected to register the highest CAGR, in terms of value, between 2017 and 2026. This is because of its unique properties, like chemical compatibility, excellent aging characteristics, temperature range and highest replacement rate when compared to other materials. In addition, the rate of replacement of elastomers is higher when compared to other materials. This drives the growth of elastomers in the global food processing seals market.
On the basis of Application segment, global food processing seals market has been divided into bakery & confectionery, meat, poultry & seafood, dairy products, non-alcoholic beverage, alcoholic beverage, and others. The bakery & confection segment accounted for the major market share, in terms of value, followed by the meat, poultry & seafood segment, in 2017. This is because of huge production and demand for baked products and chocolates, globally. In addition, rapid urbanization and changing pattern in the consumption of food in regions.
Geographically, Asia Pacific global food processing seals market is projected to dominate the food processing seals market. Growing demand for processed food products in the region owing to changing living standards and rising disposable income of individuals is expected to boost the growth of the potential market in Asia Pacific. Rising demand for meat products in countries like China, Indonesia, India, and others owing to growing population is expected to augment growth of the global food processing seals market in the region. The Asia Pacific is projected to be the largest consumer of global food processing seals followed by the market in North America. The global food processing seals market in North America is expected to grow moderately over the next few years.
This report also discusses important brands associated with the global Food Processing Seals Market along with their profit segmentation, share, key performing regions, business summary, year-over-year growth rate, product offerings. In short, the report fetches forward the important market data of the global Food Processing Seals market in detailed yet brief manner without being too long making it easier for the reader to make key business strategies & plans.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Food Processing Seals Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Food Processing Seals Market.
Scope of Global Food Processing Seals Market:
Global Food Processing Seals Market by Material Type:
• Face Materials
Global Food Processing Seals Market by Application:
• Bakery & Confectionery
• Meat, Poultry & Seafood
• Dairy Products
• Alcoholic Beverage
• Non-Alcoholic Beverage
Global Food Processing Seals Market by Region:
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operated in Market Include:
• Freudenberg Group
• Smiths Group (John Crane)
• A.W. Chesterton
• Parker Hannifin
• IDEX Corporation (FTL Technology and Precision Polymer Engineering)
• Enpro Industries
• James Walker
• Meccanotecnica Umbra
• Precision Associates, Inc
• Klinger Group
• Kismet Rubber Products
• Spareage Sealing Solutions
• Teknikum OY
• Fmi Sichem SRL.
• Northern Engineering (Sheffield) Ltd
• Lidering Safe Industry
• CDK Seals
• Cinch Seal
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