Food Processing Seals Market Outlook to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 12, 2019--
The “Food Processing Seals Market by Material and Geography - Global Forecast and Analysis 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The food processing seals market analysis considers sales from metals, face materials, elastomers, and others in APAC, Europe, North America, South America, and MEA.
In 2018, the metals segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as higher frictional coefficients will play a significant role in the metals segment to maintain its market position.
Also, the report looks at factors such as increasing demand for poultry, dairy, bakery, and confectionery products, growing demand for processed and convenience food, and stringent government regulations.
However, volatility in raw material prices, seal-less equipment, and growing demand for fresh and organic food products may hamper the growth of the food processing seals industry over the forecast period.
Growing demand for processed and convenience food
Consumer dependency has increased on processed food because of busy lifestyles and time restraints. Due to an increase in urban population along with high urban populationincome, there is a rise in the demand for processed food. This leads to the surge in the number of quick-service restaurants (QSR), especially in some of the developing countries of Asia (India, Indonesia, and Thailand).
Thus, growth in the processed food industry directly increases the demand for seals as seals help maintain food hygiene and prevent contamination and leakage. This will lead to the expansion of the global food processing seals market at a CAGR of almost 4% during the forecast period.
Increasing merger and acquisitions
The seals are the mostly undifferentiated products with little scope of organic innovation which is making the companies to move toward inorganic means of growth. Inorganic growth in the global food processing seals market has increased, and large players are buying small regional players to expand geographically and increase their product offerings.
Merger and Acquisitions (M&A) not only benefit the seal industry but also other markets, such as fluid control, gaskets, and valves. Due to which vendors are aiming to expand the portfolio of products and offer them as a solution. This increasing M&A is expected to have a positive impact on the overall market growth.
With the presence of several major players, the global food processing seals market is fragmented. The robust vendor analysis is designed to help clients improve their market position and in line with this, this report provides a detailed analysis of several leading food processing seals manufacturers, that include:
Also, the food processing seals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY MATERIAL
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/qtmbgz
View source version on businesswire.com:https://www.businesswire.com/news/home/20190912005765/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: PACKAGING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 09/12/2019 12:36 PM/DISC: 09/12/2019 12:35 PM