Market Highlights
The Food & Beverage Processing & Packaging Seals Market is estimated to grow at a healthy CAGR of 4.0% over the next five years to reach US$ 3.8 Billion in 2026.
What are food & beverage seals?
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.
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.
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.
Segment Analysis
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
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)
Application Trends
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.
Equipment Trends
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.
Product Trends
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.
Material Trends
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, 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
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.
What deliverables will you get in this report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth analysis of the Food & Beverage Seals Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional and country level historical data and forecasts
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Which are the most attractive market segments?
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Market segment analysis and forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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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.
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
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