Food and Beverage Seals Market Analysis | 2021-2026

Market Insights

The food & beverage processing & packaging seals market is estimated to grow at a healthy CAGR of 4.0% from 2021 to 2026, reaching US$ 3.8 billion by the end of 2026.

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Market Dynamics

Introduction

Food & beverage are the essential sections of the entire processing industry. Other noticeable ones are chemical and pharmaceutical ones. A multitude of seals is used in the food processing & packaging equipment to prevent leakages and also used to prevent the passage of any foreign media. Seals are also capable of withstanding high temperatures and pressures and provide solid support to the container.

Covid-19 Impact

The impact of the pandemic varied from region to region as well as application to application. For instance, Germany, the largest producer of processing & packaging equipment, recorded a colossal decline of about 9%, whereas, the USA, another major market, witnessed healthy growth amid the pandemic. The seals market for the food & beverage somehow managed to register a low-end single-digit growth in the year 2020.

Market Dynamics

Rapid urbanization, changing patterns of food consumption, and rising demand for baked products are driving the demand for processing and packaging equipment. The overall market dynamics of processing & packaging equipment is quite different with Europe the manufacturing capital of such machines and exports these machines across the world. The impact of this trend is noticed in the seals market, a product that represents a fraction share of the total machine market.

Segment Analysis

By Application Type

"Beverages are expected to remain the largest as well as the fastest-growing segment of the market during the forecast period"

The food & beverage processing & packaging seals market is segmented as bakery & confectionery, meat poultry & seafood, dairy products, beverages, and others. Beverages are expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Germany, Italy, and the USA are the biggest producer of beverage packaging machines. Every year, over US$ 1.5 billion worth of beverage packaging machines are produced in these countries.

By Equipment Type

"Processing is expected to remain the largest segment, whereas packaging to be the faster-growing segment of the market during the forecast period"

The market is segmented as processing and packaging. Processing is expected to remain the largest segment, whereas packaging to be the faster-growing segment of the market during the forecast period. Food and beverage are the major application areas of packaging machines. Pharmaceuticals, cosmetics & personal care, and chemical & healthcare are other key application areas, generating a healthy demand for seals within the segment. 

By Product Type 

"Lip seals are expected to remain the largest as well as the fastest-growing segment of the market during the forecast period"

The market is segmented as O-rings, gaskets, lip seals, mechanical seals, and others. Lip seals are expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Lip seals are gaining more and more recognition due to their various advantages over others.

By Material Type

"Elastomeric seals are expected to remain the largest segment, whereas thermoplastic seals to be the fastest-growing segment during the forecast period"

The market is segmented as elastomeric seals, thermoplastic seals, and metallic seals. Elastomeric seals are expected to remain the largest segment, whereas thermoplastic seals to be the fastest-growing segment during the forecast period. Increasing demand for thermoplastic elastomers as they possess physical properties of both thermoplastics and rubber which make them soft and flexible.

Regional Analysis

"Europe is expected to remain the largest region market during the forecast period"

Europe is expected to remain the largest region, whereas Asia-Pacific to be the fastest-growing region in the food & beverage processing & packaging seals market during the forecast period. Germany, France, and Italy are the three largest packaging and processing equipment manufacturers for food & beverages, driving the demand for seals in the region.

Germany is the largest producer of food & beverage processing & packaging machines and export these machines in large quantities. In 2020, the country witnessed a decline of about 9% in these machines’ production and 8% in these machines’ exports to the respective value of Eur 13.9 billion and Eur 8.5 billion in 2020.

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Key Players

The following are the key players in the food & beverage processing & packaging seals market:

• AB SKF
• EnPro Industries
• Freudenberg Group
• Flowserve Corporation
• Greene Tweed
• Hutchinson S.A.
• James Walker
• Meccanotecnica Umbra Spa
• Nichias Corporation
• Trelleborg AB

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s food & beverage processing & packaging seals market realities and future market possibilities for the forecast period of 2021 to 2026. 
• The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 
• We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The food & beverage processing & packaging seals market is segmented into the following categories-

By Application Type

• Bakery & Confectionery
• Meat, Poultry & Seafood
• Dairy Products
• Beverages
• Others

By Equipment Type

• Processing
• Packaging

By Product Type

• O-rings
• Gaskets
• Lip Seals
• Mechanical Seals
• Others

By Material Type

• Elastomeric Seals
• Thermoplastic Seals
• Metallic Seals

By Motion Type

• Static Seals
• Linear Seals
• Rotary Seals

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling of Key Players

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.