Food And Beverage Seals Market Report
Food & Beverage Processing & Packaging Seals Market is Segmented by Application Type (Bakery & Confectionery, Meat Poultry & Seafood, Dairy Products, Beverages, and Others), by Equipment Type (Processing and Packaging), by Product Type (O-rings, Gaskets, Lip Seals, Mechanical Seals, and Others), by Material Type (Elastomeric Seals, Thermoplastic Seals, and Metallic Seals), by Motion Type (Static Seals, Linear Seals, and Rotary Seals), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Food & Beverage Processing & Packaging Seals Market is Segmented by Application Type (Bakery & Confectionery, Meat Poultry & Seafood, Dairy Products, Beverages, and Others), by Equipment Type (Processing and Packaging), by Product Type ...
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.
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.
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.
The following are the key players in the food & beverage processing & packaging seals market:
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.
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:
The food & beverage processing & packaging seals market is segmented into the following categories.
Food & Beverage Processing & Packaging Seals Market, by Application Type
Food & Beverage Processing & Packaging Seals Market, by Equipment Type
Food & Beverage Processing & Packaging Seals Market, by Product Type
Food & Beverage Processing & Packaging Seals Market, by Material Type
Food & Beverage Processing & Packaging Seals Market, by Motion Type
Food & Beverage Processing & Packaging Seals Market, by Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling of Key Players
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 firstname.lastname@example.org
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.