Food Processing Seals Market Scope
Food processing seals are widely used for the packaging and processing of food items and beverages. The seals help to prevent fluid leakage and food contamination as it restricts entry of oxygen in packaged foods. With the change in consumers' preferences and busy lifestyles, processed or packaged foods are highly consumed it has become essential for manufacturers to prevent contamination of packaged food during storage or transportation.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Flowserve Corp. (United States), AESSEAL (United Kingdom), EnPro Industries (United States), A.W. Chesterton Co. (United States), Meccanotecnica Umbra Spa (Italy), James Walker Group Ltd. (United Kingdom), Freudenberg SE (Germany), IDEX Corp. (United States), John Crane (United Kingdom) and Huhnseal AB (Sweden) |
CAGR | % |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Food Processing Seals market throughout the predicted period.
Flowserve Corp. (United States), AESSEAL (United Kingdom), EnPro Industries (United States), A.W. Chesterton Co. (United States), Meccanotecnica Umbra Spa (Italy), James Walker Group Ltd. (United Kingdom), Freudenberg SE (Germany), IDEX Corp. (United States), John Crane (United Kingdom) and Huhnseal AB (Sweden) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Food Processing Seals market by Type , by Application (Bakery & Confectionery, Meat, Poultry & Seafood, Dairy Products, Non-Alcoholic Beverage and Alcoholic Beverage) and Region with country level break-up.
On the basis of geography, the market of Food Processing Seals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2023, Align Capital Partners’ custom sealing solutions provider Marco Rubber & Plastics has acquired American Seal & Packing, a distributor of specialty O-rings, seals, gaskets and vee packing with a focus on specialty graphite-based products.
In June 2023, Eviosys launched new metal food can with peelable foil seal. The foil is directly sealed onto the body of the can and replaces the conventionally used ring-pull opening mechanism.
Influencing Trend:
Growing R&D Activities and Development of New Beverages and Food Products to Meet Customers Demand
Market Growth Drivers:
Increasing Demand of Packaged Food Products Across the Globe Due to Growing Urbanization and Busy Lifestyle
Challenges:
Volatile Price of Raw Materials May Create Challenges for the Market
Restraints:
The Inclination of Consumers towards the Organic Food Products Due to Increasing Awareness About Health Benefits
Opportunities:
High Adoption of Processed Meat Products and Dairy Items in the Developed Countries
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Food Processing Seals Manufacturers, Suppliers and Distributors of Food Processing Seals, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others