Global $3.2 Billion Food Processing Seals Market by Material Type, Application and Region - Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 4, 2019--The “Food Processing Seals Market by Material Type (Metals, Face Materials, Elastomers), Application (Bakery & Confectionery, Meat, Poultry & Seafood, Dairy Products, Non-Alcoholic Beverage, Alcoholic Beverage), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The Food Processing Seals Market Size is Projected to Grow from USD 2.7 Billion in 2018 to USD 3.2 Billion by 2023
Growing demand for processed and packaged food and presence of stringent regulations regarding the use of food-grade seals in regions, such as North America, Europe, and South America, are expected to drive the demand for food processing seals during the forecast period. However, the chemical compatibility of seals acts as a challenge to the growth of the food processing seals market.
The bakery & confectionery application segment is expected to lead the food processing seals market, in terms of value, during the forecast period
By application, the bakery & confectionery application segment is expected to lead the food processing seals market during the forecast period. This is due to the huge demand for baked products and chocolates, globally.
The key baking and confectionery companies, fueling the demand for food processing seals, which are present globally are Mars, Incorporated (US), Mondelz International, Inc. (US), Nestle S.A. (Switzerland), Ferrero International S.A. (Italy), The Hershey Company (US), Lindt & Sprngli AG (Switzerland), Acme Bread Company (US), Amighetti’s Bakery (Italy), Atlanta Bread Company (US), and Au Bon Pain (US).
The metals material type segment is expected to lead the food processing seals market, in terms of value, during the forecast period
By material type, the metals material type segment is expected to lead the food processing seals market during the forecast period. This is due to its usage in different elements in a seal. In addition, unlike other materials, metals are not restricted to the temperature and chemical limits.
Europe is projected to lead the food processing seals market, in terms of value, between 2018 and 2023
The food processing seals market has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Europe is expected to lead the food processing seals market during the forecast period, owing to the presence of major food processing manufacturers due to the established processed food & beverage industry. In addition, the presence of stringent regulations regarding the use of seals in various food & beverage applications drives the demand for food processing seals in the region.
The key players in the food processing seals market are Freudenberg Group (Germany), AESSEAL plc. (UK), Smiths Group plc (UK), Flowserve Corporation (US), A.W. Chesterton Company (US), SKF (US), Parker Hannifin Corp (US), Trelleborg AB (Sweden), IDEX Corporation (US), EnPro Industries, Inc. (US), James Walker (UK), and Meccanotecnica Umbra S.p.A. (Italy).
They have adopted expansion and new product launch, as their key growth strategies between 2015 and 2018. These players have been focusing on the strategy of expansion to tap the emerging markets of APAC, whereas the strategy of new product launch has helped these companies expand their product portfolio and gain a competitive advantage.
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Food Processing Seals Market
4.2 Food Processing Seals Market, By Region
4.3 Europe Food Processing Seals Market, By Application and Country
4.4 Food Processing Seals Market, By Country
4.5 Food Processing Seals Market, By Application
5 Market Overview
5.2 Standards & Regulations
5.3 Market Dynamics
220.127.116.11 Increasing Demand for Poultry, Dairy, Bakery, and Confectionery Products
18.104.22.168 Growing Demand for Processed and Convenience Food
22.214.171.124 Presence of Stringent Standards and Regulations
126.96.36.199 Volatile Raw Material Prices
188.8.131.52 Presence of Sealless Equipment
184.108.40.206 Growing Demand for Fresh and Organic Food Products
220.127.116.11 Emerging Regional Markets
18.104.22.168 Growing Investment in the Development of New Food & Beverage Processing Seals
22.214.171.124 Risk of Seal Failure
5.4 Porter’s Five Forces Analysis
5.5 Macroeconomic Indicators
6 Food Processing Seals Market, By Material Type
6.3 Face Materials
7 Food Processing Seals Market, By Application
7.2 Bakery & Confectionery
7.3 Meat, Poultry & Seafood
7.4 Dairy Products
7.5 Alcoholic Beverage
7.6 Non-Alcoholic Beverage
8 Food Processing Seals Market, By Region
8.4 North America
8.5 South America
8.6 Middle East & Africa
9 Competitive Landscape
9.2 Ranking of Key Players
9.3 Competitive Scenario
10 Company Profiles
10.1 Freudenberg Group (Eagleburgmann)
10.3 Smiths Group (John Crane)
10.5 A.W. Chesterton
10.7 Parker Hannifin
10.9 IDEX Corporation (FTL Technology & Precision Polymer Engineering)
10.10 Enpro Industries (Garlock)
10.11 James Walker
10.12 Meccanotecnica Umbra (Huhnseal AB)
10.13 Other Market Players
10.13.1 Precision Associates Inc.
10.13.2 Klinger Group
10.13.3 Kismet Rubber Products
10.13.4 Spareage Sealing Solutions
10.13.5 Teknikum OY
10.13.6 FMI Sichem S.R.L.
10.13.7 Northern Engineering (Sheffield) Ltd.
10.13.8 Lidering Safe Industry
10.13.9 CDK Seals
10.13.10 Cinch Seal
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Related Topics:Food Processing
INDUSTRY KEYWORD: MANUFACTURING PACKAGING RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 03/04/2019 07:39 AM/DISC: 03/04/2019 07:39 AM