The latest report on “Food Processing Seals Market (Material Type – Metals, Elastomers, Face Materials, and Other Materials; Application – Bakery & Confectionery, Meat, Poultry & Seafood, Dairy Products, and Beverage): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global food processing seals market is projected to grow at a CAGR of 3.48% over the forecast period of 2019-2025.
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To prevent the leakage and contamination of food from the microbes, a certain kind of seals are used. These seals are being used extensively in the food processing industry to extend the shelf life of the food products. The food processing seals market is consolidated in nature with few market players accounting for the majority of the market share.
The key players in the market including Smiths Group Plc, AB SKF, A.W. Chesterton Company, Parker-Hannifin Corporation, Freudenberg Group, AESSEAL plc, and others use various strategies including new product launches, joint ventures, partnerships, and acquisitions to maintain and increase their market share.
Increase in Demand for Packaged And Processed Food is Majorly Driving the Food Processing Seals Market
The increase in demand for packaged and processed food is majorly driving the food processing seals market. The growing health concerns and awareness regarding nutritious food among the consumers have propelled the demand for processed foods. Moreover, the stringent regulations regarding the use of food grade seals and seal material are expanding the demand for variable food processing seals. The prevalence of foodborne illnesses and food poisoning has led governments and FDA to implement stringent regulations regarding the use of food grade seals and seal materials.
Furthermore, the changing lifestyle and food consumption pattern are boosting the growth of the food processing seals market. However, the increasing trend of natural and unprocessed foods & beverages is the major restraining factor for the growth of the food processing seals market. Nevertheless, the increasing sale of dairy and poultry products is expected to offer lucrative opportunities for the key players in the food processing seals market.
Asia Pacific Generated the Highest Revenue for Food Processing Seals, Dominating the Global Market
In terms of region, Asia Pacific generated the highest revenue for food processing seals, dominating the global market. The largest market share of Asia Pacific attributed to the increasing demand for processed food products, changing living standards and rising disposable income of individuals in this region. Moreover, the growing demand for dairy and meat products is expected to boost the growth of the food processing seals market in the Asia Pacific.
The report on global food processing seals market covers segments such as material type and application. On the basis of material type, the sub-markets include metals, elastomers, face materials, and other materials. On the basis of application, the sub-markets include bakery & confectionery, meat, poultry & seafood, dairy products, and beverage.
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The report provides profiles of the companies in the market such as Smiths Group Plc, AB SKF, A.W. Chesterton Company, Parker-Hannifin Corporation, Freudenberg Group, AESSEAL plc, Flowserve Corporation, Trelleborg AB, IDEX Corporation, EnPro Industries, Inc., and other companies.
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=> Comprehensive analysis of global as well as regional markets of the food processing seals.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.