A recent report published by Infinium Global Research on food processing seals market provides in-depth analysis of segments and sub-segments in the global as well as regional food processing seals market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food processing seals market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food processing seals market. According to the report, the global food processing seals market is projected to grow at a CAGR of 3.48% over the forecast period of 2019-2025.
To prevent the leakage and contamination of food from the microbes, a certain kind of seals are used. These seals are being used extensively in the food processing industry to extend the shelf life of the food products. The food processing seals market is consolidated in nature with few market players accounting for the majority of the market share. The key players in the market including Smiths Group Plc, AB SKF, A.W. Chesterton Company, Parker-Hannifin Corporation, Freudenberg Group, AESSEAL plc, and others use various strategies including new product launches, joint ventures, partnerships, and acquisitions to maintain and increase their market share.
The increase in demand for packaged and processed food is majorly driving the food processing seals market. The growing health concerns and awareness regarding nutritious food among the consumers have propelled the demand for processed foods. Moreover, the stringent regulations regarding the use of food grade seals and seal material are expanding the demand for variable food processing seals. The prevalence of foodborne illnesses and food poisoning has led governments and FDA to implement stringent regulations regarding the use of food grade seals and seal materials. Furthermore, the changing lifestyle and food consumption pattern are boosting the growth of the food processing seals market. However, the increasing trend of natural and unprocessed foods & beverages is the major restraining factor for the growth of the food processing seals market. Nevertheless, the increasing sale of dairy and poultry products is expected to offer lucrative opportunities for the key players in the food processing seals market.
In terms of region, Asia Pacific generated the highest revenue for food processing seals, dominating the global market. The largest market share of Asia Pacific attributed to the increasing demand for processed food products, changing living standards and rising disposable income of individuals in this region. Moreover, the growing demand for dairy and meat products is expected to boost the growth of the food processing seals market in the Asia Pacific.
The report on global food processing seals market covers segments such as material type and application. On the basis of material type, the sub-markets include metals, elastomers, face materials, and other materials. On the basis of application, the sub-markets include bakery & confectionery, meat, poultry & seafood, dairy products, and beverage.
The report provides profiles of the companies in the market such as Smiths Group Plc, AB SKF, A.W. Chesterton Company, Parker-Hannifin Corporation, Freudenberg Group, AESSEAL plc, Flowserve Corporation, Trelleborg AB, IDEX Corporation, EnPro Industries, Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food processing seals market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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