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The hydrostatic sterilizer equipment market size in APAC has the potential to grow by USD 11.08 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by application (food and dairy and beverages) and geography (China, Japan, India, and Rest of APAC). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including Hydrolock, John Bean Technologies Corp., Shandong Dingtaisheng Food Industry Equipment Co. Ltd., Steritech, Zhangjiagang Genyond Machinery Co. Ltd., and Zhucheng Jinding Food Machinery Co. Ltd.
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The market is concentrated. Hydrolock, John Bean Technologies Corp., and Shandong Dingtaisheng Food Industry Equipment Co. Ltd. are some of the major market participants. The established vendors have strong financial abilities and technical expertise for offering high-quality and compliant products. Small-scale vendors compete with established vendors by using low price strategies and strengthening the local customer base. Although the increasing demand for sterilization of food and dairy products will offer immense growth opportunities, the presence of strong substitutes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this hydrostatic sterilizer equipment market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this hydrostatic sterilizer equipment market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
China was the largest hydrostatic sterilizer equipment market in APAC in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing growth in packaged food production and expansion of the production lines of food, dairy, and beverage producers will significantly drive hydrostatic sterilizer equipment market growth in this region over the forecast period.
39% of the market's growth will originate from China during the forecast period. Market growth in this region will be slower than the growth of the market in India and the Rest of APAC.
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Hydrostatic sterilizer equipment is extensively used in food processing industries for the in-container sterilization of packaged food items. It supports diversified packaging options such as cans, glass jars, bottles, and flexible packages, including tub, pouch, and tray. The increase in food consumption and the growing demand for packaged food are boosting the production in food industries, which is fueling the demand for hydrostatic sterilizer equipment in APAC.
Market growth in the food segment will be faster than the growth of the market in the dairy and beverages segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the hydrostatic sterilizer equipment market size in APAC.
Consumers prefer natural and fresh products over the processed ones that have chemical preservatives. The change in consumer preference has led the processed food and dairy producers to reduce the use of chemical preservatives. Thus, to extend the shelf life of the product, food and dairy producers are increasingly focusing on aseptic packaging and efficient sterilization processes. Food and dairy producers are continually updating their production lines by integrating optimum sterilization and processing equipment that can help them maintain consistency in product perishability and quality and gain competitive advantages over rivals by bringing strong economic propositions in the production process. The increasing demand for efficient sterilization equipment across the packaged food and dairy industries is driving the installation of hydrostatic sterilizer equipment, contributing to the market growth.
Packaged food and dairy producers in APAC operate in a highly regulated market and are required to comply with food safety regulations and policies. The food safety regulations are enforced by government regulatory agencies such as the Food Safety and Standards Authority of India (FSSAI) and Food Safety Commission of Japan (FSCJ) to ensure that the packaged food and dairy products are produced using standard procedures, have optimum quality standards, are safe to use by consumers, and are free from contamination. Countries such as Japan, China, and India have stringent food safety regulations and policies. For instance, FSSAI acts as a regulatory body that frames food safety regulations and standards, disseminates the information for maintaining optimum safety procedures in food production, and promotes awareness about food safety norms. To comply with such strict regulatory requirements related to product safety and sterility and to avoid penalties, packaged food and dairy producers are increasingly installing efficient sterilization equipment such as hydrostatic sterilizer equipment, which ensures optimum safety of packaged food and dairy products. The hydrostatic sterilizer equipment market in APAC will register a CAGR of almost 6% during the forecast period.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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