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    Food And Beverage Seals Market Report

    Food And Beverage Seals Market Report
    Report code - SR1294 Published On : Nov,2021 No. of Pages: 140
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    Food & Beverage Processing & Packaging Seals Market Size, Share, Trend, Forecast, See more...

    Impact of COVID-19 on Food And Beverage Seals Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Food And Beverage Seals Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    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.

    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.

    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. Overall, the seals market for the food & beverage processing & packaging equipment somehow managed to register a low-end single-digit growth in the year 2020 and is anticipated to blossom at an impressive rate of over 4% to reach an estimated value of US$ 3.8 billion in 2026.

    Market Segments' Analysis

    Based on the application type, 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.

    Based on the equipment type, 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. 

    Based on the product type, 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.

    Based on the material type, 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.

    In terms of regions, 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.   

    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

    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 the market dynamics and will enable strategic decision making for the 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, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

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

    Food & Beverage Processing & Packaging Seals Market, by Application Type

    • Bakery & Confectionery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Meat, Poultry & Seafood (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dairy Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Food & Beverage Processing & Packaging Seals Market, by Equipment Type

    • Processing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Food & Beverage Processing & Packaging Seals Market, by Product Type

    • O-rings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lip Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mechanical Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Food & Beverage Processing & Packaging Seals Market, by Material Type

    • Elastomeric Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metallic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Food & Beverage Processing & Packaging Seals Market, by Motion Type

    • Static Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Linear Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rotary Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Food & Beverage Processing & Packaging Seals Market, 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)

    Report 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 the 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

    Frequently Asked Questions (FAQs)

    The food & beverage processing & packaging seals market is estimated to grow at a healthy CAGR of 4.0% by 2026.

    AB SKF, EnPro Industries, Freudenberg Group, Greene Tweed, Hutchinson S.A., James Walker, Nichias Corporation, Flowserve Corporation, Meccanotecnica Umbra Spa, and Trelleborg AB are the leading players in the food & beverage processing & packaging seals market.

    Europe is estimated to remain the dominant region in the food & beverage processing & packaging seals market in the foreseen future.

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