Food Processing Seals Market To Reach USD 3.43 Billion By 2026
Market Summary
The rising investment in the food and beverage processing seals coupled with increasing demand for dairy, poultry, confectionery, and bakery is driving the market. Market Size – USD 2.59 Billion in 2018, Market Growth - CAGR of 3.4%, Market Trends – The presence of stringent regulations. The global Food Processing Seals market is forecast to reach USD 3.43 Billion by 2026, according to a new report by Reports and Data. Growing demand for packaged and processed food in developed and developing regions are fueling the market demand.
Market Summary Further key findings from the report suggest
•
•
•
•
Bakery and Confectionary are forecasted to grow with a CAGR of 3.9% during the forecast period. Rapid urbanization and increase in disposable income are increasing the consumption of baked goods and confectionaries. Sealing material chosen for this segment should be able to withstand extremes without adding any unwanted color or flavor to the finished product. North America is forecasted to grow with a CAGR of 4.1% during the forecast period. High demand for processed foods owing to the rise in the number of working people and changing lifestyle are boosting the market in this region. High level of income and availability of several options are also promoting the market in the region. Metals held the largest market share of 36.7% in the year 2018. Metals are not restricted by temperature and pressure, thus giving a lot of room to food sectors to work with it. Metal seals meet the criteria for high-temperature, high-pressure and cryogenic applications where rubber gaskets cannot be used. When metal is welded, they have no seams, thus making it stable for sealing. Parker Hannifin launched NBR N9400 and FKM V9196 sealing materials in April 2017. These sealing materials are used in food processing equipment.
Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sample-enquiryform/1876
Market Summary Key players Freudenberg Group, Flowserve Corporation, Parker Hannifin, James Walker, Aesseal, Trelleborg, Enpro Industries, Meccanotecnica Umbra, Kismet Rubber Products, and Northern Engineering, among others.
Segmentation: For the purpose of this report, Reports and Data have segmented into the global Food Processing Seals market on the basis of material type, application, distribution channel, and region: Material Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026) • Metals • Face Materials • Elastomers • Others Application Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026) • Bakery and Confectionary • Meat, Poultry & Seafood • Dairy Products • Alcoholic Beverage • Non-Alcoholic Beverage • Others
Market Summary Distribution Channel Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026) •
Online
•
Retail
•
Wholesale
•
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026) •
North America
•
Europe
•
Asia Pacific
•
MEA
•
Latin America Buy Now: https://www.reportsanddata.com/checkout-form/1876
About US
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision.
We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact US John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com