Food Processing Seals Market is Projected to Reach USD 3.43 Billion By 2026, CAGR of 3.4%
Reports And Data
The rising investment in food and beverage processing seals coupled with increasing demand for dairy, poultry, confectionery, and bakery is driving the market
NEW YORK CITY, NEW YORK, USA, September 27, 2022 /EINPresswire.com/ -- The food processing seals market is projected to grow at a rate of 3.4% in terms of value, from USD 2.83 Billion in 2019 to reach USD 3.54 Billion by 2027. The food processing seals market is being driven by growing demand for processed and convenience food, along with stringent regulatory norms to maintain the hygiene of the packaged food items so as it does not have any adverse effect on the health of the consumers.
Busy lifestyles and constraints in time, especially for working women, have increased the dependency of the consumers in processed food. The consumption of processed food has increased in most of the countries. The shift of dairy consumption in middle-income countries has also impacted the demand for food processing seals. Some of the threats to seal degradation are process media, clean-in-place (CIP) or sterilization-in-place (SIP) procedures, and faults with the installation.
The presence of stringent regulations is one of the key factors driving market demand. Food contamination can be caused by the dust particles or other materials entering the processing equipment or due to the leakage. The growing urban population is also affecting the market.
The prevailing COVID-19 pandemic is likely to lead to an increase in demand for food processing seals, owing to the growing concerns about the spread of the virus, as well as rising awareness among the people avoid any sort of contamination of food items.
However, and fluctuations in the prices of raw materials may create hindrances in the growth of the market in the forecast period.
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Further key findings from the report suggest
• Metals held the largest market share of 36.7% in the year 2018. Metals are not restricted by temperature and pressure, thus giving a lot of room to food sectors to work with it. Metal seals meet the criteria for high-temperature, high-pressure and cryogenic applications where rubber gaskets cannot be used. When metal is welded, they have no seams, thus making it stable for sealing.
• Bakery and Confectionary are forecasted to grow with a CAGR of 3.9% during the forecast period. Rapid urbanization and increase in disposable income are increasing the consumption of baked goods and confectionaries. Sealing material chosen for this segment should be able to withstand extremes without adding any unwanted color or flavor to the finished product.
• The wholesale market held the largest market share of 41.7% in the year 2018. These type of seals are usually bought in large bulk and are generally purchased by manufacturing plants.
• North America is forecasted to grow with a CAGR of 4.1% during the forecast period. High demand for processed foods owing to the rise in the number of working people and changing lifestyle are boosting the market in this region. High level of income and availability of several options are also promoting the market in the region.
• Key participants include Freudenberg Group, Flowserve Corporation, Parker Hannifin, James Walker, Aesseal, Trelleborg, Enpro Industries, Meccanotecnica Umbra, Kismet Rubber Products, and Northern Engineering, among others.
• Parker Hannifin launched NBR N9400 and FKM V9196 sealing materials in April 2017. These sealing materials are used in food processing equipment.
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For the purpose of this report, Reports and Data have segmented into the global Food Processing Seals market on the basis of material type, application, distribution channel, and region:
Material Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
• Metals
• Face Materials
• Elastomers
• Others
Application Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
• Bakery and Confectionary
• Meat, Poultry & Seafood
• Dairy Products
• Alcoholic Beverage
• Non-Alcoholic Beverage
• Others
Distribution Channel Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
• Online
• Retail
• Wholesale
• Others
Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
• North America
o U.S.
• Europe
o UK
o France
• Asia Pacific
o China
o India
o Japan
• MEA
• Latin America
o Brazil
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