The global food processing seals market size will grow by USD 336.57 million during 2019-2023. This market report provides a detailed report of the market by material (metals, face materials, elastomers, and other materials) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many food processing seals manufacturers, including A.E.S. Engineering Ltd., A.W. Chesterton Co., CDK Engineering Services Ltd., EnPro Industries Inc., Flowserve Corp., Freudenberg SE, IDEX Corp., James Walker Group Ltd., Meccanotecnica Umbra Spa, and Smiths Group Plc.
Key Insights on Food Processing Seals Market – Global Forecast 2019-2023
Browse TOC and LoE with selected illustrations and example pages of Food Processing Seals Market
Rapid urbanization, changing lifestyles, and time constraints have significantly increased consumers’ focus toward processed foods. There is a strong shift toward the consumption of highly processed foods among consumers, especially in middle-income countries. High-income countries are witnessing increasing sales of processed food through supermarkets. The rise in number of quick-service restaurants in developing countries such as India, Indonesia, and Thailand is providing significant growth opportunities for processed food companies. The growth of the processed food industry is directly impacting the demand for seals as it helps in maintaining the quality of food by preventing contamination and leakage. The growing demand for convenience and processed food is one of the major factors that will boost the growth of the food processing seals market size.
The food processing seals market analysis highlights the increasing M&A activities among vendors as another major factor that will influence market growth over the forecast period. The rising competition in the market is driving vendors to adopt inorganic strategies such as mergers and acquisitions for growth. Over the past few years, large players in the market have acquired small regional companies to expand their geographic presence and product portfolios. This is helping them in offering similar products to different industries and in expanding their customer base. The rise in M&As among vendors is also influencing the growth of other adjacent markets such as fluid control, gaskets, and valves. As a result of these factors, the food processing seals market will register a CAGR of nearly 4% during 2019-2023.
Top Companies in Food Processing Seals Market
The global market is fragmented. To help clients improve their market positions, this food processing seals market forecast report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This report also includes information on the upcoming food processing seals market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading food processing seals manufacturers, including:
A.E.S. Engineering Ltd.
A.W. Chesterton Co.
CDK Engineering Services Ltd.
EnPro Industries Inc.
James Walker Group Ltd.
Meccanotecnica Umbra Spa
Smiths Group Plc
Food Processing Seals Market by Material
The metals segment held the largest market share in 2018. It will account for the highest food processing seals market share over the forecast period as well. As metals can withstand high temperature and strong chemical reactions, they are the most widely used materials in the manufacture of food processing seals. Moreover, metals seals are less brittle, exhibit better thermal cycling, and have significantly higher frictional coefficients than other materials such as ceramics. This report provides an accurate prediction of the contribution of all the segments to the growth of the food processing seals market size.
Food Processing Seals Market by Region
With a complete study of the growth opportunities for companies, it has been identified that APAC will account for the highest share of the food processing seals market throughout the forecast period. The increase in disposable income in developing countries is powering consumers to spend more. For instance, the gross disposable in India grew over 10% during 2017-2018. The increasing disposable income is increasing consumer spend on ready-to-eat and processed foods. These factors are driving the food processing seals market growth in APAC.
Major Highlights of the Food Processing Seals Market - Global Forecast 2019-2023
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the food processing seals market size during the next five years
Precise estimation of the global food processing seals market size and its contribution to the parent market
Accurate food processing seals market forecast on upcoming trends and changes in consumer behavior
The growth of the food processing seals industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details of factors that will challenge the growth of food processing seals manufacturers
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