Food Processing Seals Market Report Scope & Overview:
In 2022, the Food Processing Seals Market was USD 3.24 billion, which is expected to grow to USD 4.50 billion by 2030 with a compound annual growth rate of 4.2 % between 2023 and 2030.
It is expected that the growth of this sector will be stimulated by increasing its use in order to prevent food contamination and leakage. Furthermore, the growth of the market is likely to be supported by increased demand for packaging food and beverages. The demand for processed foods and drinks is expected to support market growth as a result of improving standards of living, in addition to rising purchasing capacity among individuals across major economies such as the U.S., China, India, United Kingdom and Germany.
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The growth in the market over the forecast period is expected to be driven by growing demand for bakery products and packaging of alcoholic or non-alcoholic beverages. In addition, market growth over the forecast period will be supported by strict rules on the use of product and seal materials. The market is also expected to be stimulated by an increase in demand for dairy and meat products. Nevertheless, the general growth in the market is expected to be negatively affected by volatile raw material prices.
The growing demand for healthy, organic and fresh foodstuffs is expected to limit the demand for food processors' seals as well as reduce industry growth over the forecast period
Growth is expected to be fuelled by rapid urbanization, as well as changes in food consumption patterns around the world. Moreover, the growth of the market is expected to be fuelled by growing demand for baked goods.
KEY DRIVERS:
Growth in packaged and processed foods
The demand for food processing seal is directly influenced by the growth in the packaging and processed foods sector around the world. The need for efficient sealing solutions in order to preserve the product's freshness and integrity has increased as more food products are packed and processed before being distributed.
The globalization of the food supply chain
RESTRAIN:
Growing demand for the Healthy, Organic foods
The demand for certain types of processed food could decrease as consumer preferences shift to healthier, natural and minimally processed foods. The need for specific kinds of seals can be affected by this shift in market demand.
OPPORTUNITY:
Production of processed foods off season is providing market growth opportunities
The manufacturing of seasonal food is nowadays done for the whole year due to technological advancements. This has given growth to the market.
There is a vast opportunity for processed and packaged foods due to the growth of populations and urbanization in emerging markets.
CHALLENGES:
Dealing with the changing consumer trends over time is the major challenge to deal with
As the consumer are shifting towards the healthier and organic food over the period of time. This will hamper the market growth as the need of processed food seals will be reduced.
The global market for seals for food processing has been significantly affected by the war between Russia and Ukraine. More than 20% of the total market share is held by Russia and Ukraine as major exporters of food processing seals. Due to the war, supplies of such seals were interrupted and there was a shortage and price increase. Other markets, in which food processing seals are used, have also been affected by the war. For example, a shortage of seals for milk processing machines is being faced by the dairy sector. In consequence, the production of dairy products is delayed and prices are increased.
Metals are required for making seals. But due to the war the prices of the metals were very high which affected the overall production and led to increased prices of the final product. Russia is the world's second-largest producer of steel, and Ukraine is the 10th. The war has disrupted the supply of steel from these two countries, leading to shortages and price increases. The price of steel has risen by more than 40% since the start of the war. The world's largest producer of aluminium is Russia, with Ukraine in 5th place. Both countries' aluminum production was interrupted by the war and, as a result, they were facing shortages and price increases. Since the beginning of the war, there has been a 30 % increase in aluminum prices.
The war is creating great uncertainty for the world's economy, which makes it difficult for businesses to plan their future. The market for metals is also affected by this uncertainty because firms are hesitant to make investment in new projects or technologies.
The global seal market for food processing products is expected to be negatively affected by the ongoing recession. As a result, the recession has led to lower consumer spending and reduced demand for food processing equipment. This is also leading to a decrease in demand for food processing seals.
In turn, business costs are also rising due to the recession. It makes it harder for food processing seals to be purchased by businesses, which could have a negative impact on demand.
European gas prices have risen 17% following Russia's announcement that it will indefinitely stop flow of gas into Europe via its main pipeline system. The rise in gas prices has raised concerns among large businesses and consumers about the need for them to reduce their consumption so that they can save money.
By Material
Elastomers
Metal
Face Materials
By Application
Bakery & Confectionery
Beverages
Meat, Poultry & Seafood
Others
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Europe continued to lead the global market for food processing seals and held more than 38 % of the overall market share. In view of the rising food production and processing activity in this region, it is expected to retain its dominant position over the forecast period. Furthermore, it is predicted that the region's market will be driven by increased demand for fast food throughout Germany, United Kingdom, France and other European countries.
With rapid urbanisation, coupled with a growing demand for packaged food in developing economies like China, India, and Japan, Asia Pacific is expected to experience the fastest cagr. Furthermore, it is expected that industry growth will continue to be stimulated by an increasing per capita expenditure of end users within the region. Due to rapid population growth and increased demand for processed foods, China has a large share of the Asia Pacific regional market.
In the North America region, consumption of bakery products, meat and poultry foods as well as alcoholic and alcohol drinks is expected to increase significantly.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Food Processing Seals market are Flowserve Corp, EnPro Industries, Inc, AESSEAL Plc, A.W. Chesterton Company, Trelleborg AB, Smiths Group Plc, Meccanotecnica Umbra S.p.A, SKF, James Walker and other players.
EvioSys, a global manufacturer and exporter of packing solutions has launched the new metal food can Ecopeel which is designed to be coated with peelable foils.
SKF provides the global food and beverage industry with technological, product and system solutions that give significant improvements in machine availability and uptimes for ultimate sustainable profitability by providing Food Safety compliant technologies, products and systems.
Ans. The Compound Annual Growth rate for Food Processing Seals Market over the forecast period is 4.2 %.
Ans. USD 4.50 Billion is the projected Food Processing Seals market size of market by 2030.
Ans. Europe is the dominating region of the Food Processing Seals Market.
Ans. Changing consumer preference towards the healthy and organic foods.
Ans. Growth in packaged and processed foods is giving growth to the market.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Food Processing Seals Market Segmentation, by Material
8.1 Elastomers
8.2 Metal
8.3 Face Materials
9. Food Processing Seals Market Segmentation, by Application
9.1 Dairy Products
9.2 Bakery & Confectionery
9.3 Beverages
9.4 Meat, Poultry & Seafood
9.5 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Food Processing Seals Market by Country
10.2.2North America Food Processing Seals Market by Material
10.2.3 North America Food Processing Seals Market by Application
10.2.4 USA
10.2.4.1 USA Food Processing Seals Market by Material
10.2.4.2 USA Food Processing Seals Market by Application
10.2.5 Canada
10.2.5.1 Canada Food Processing Seals Market by Material
10.2.5.2 Canada Food Processing Seals Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Food Processing Seals Market by Raw Technology
10.2.6.2 Mexico Food Processing Seals Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Food Processing Seals Market by Country
10.3.1.2 Eastern Europe Food Processing Seals Market by Material
10.3.1.3 Eastern Europe Food Processing Seals Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Food Processing Seals Market by Material
10.3.1.4.2 Poland Food Processing Seals Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Food Processing Seals Market by Material
10.3.1.5.2 Romania Food Processing Seals Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Food Processing Seals Market by Material
10.3.1.6.2 Hungary Food Processing Seals Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Food Processing Seals Market by Material
10.3.1.7.2 Turkey Food Processing Seals Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Food Processing Seals Market by Material
10.3.1.8.2 Rest of Eastern Europe Food Processing Seals Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Food Processing Seals Market by Country
10.3.2.2 Western Europe Food Processing Seals Market by Material
10.3.2.3 Western Europe Food Processing Seals Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Food Processing Seals Market by Material
10.3.2.4.2 Germany Food Processing Seals Market by Application
10.3.2.5 France
10.3.2.5.1 France Food Processing Seals Market by Material
10.3.2.5.2 France Food Processing Seals Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Food Processing Seals Market by Material
10.3.2.6.2 UK Food Processing Seals Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Food Processing Seals Market by Material
10.3.2.7.2 Italy Food Processing Seals Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Food Processing Seals Market by Material
10.3.2.8.2 Spain Food Processing Seals Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Food Processing Seals Market by Material
10.3.2.9.2 Netherlands Food Processing Seals Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Food Processing Seals Market by Material
10.3.2.10.2 Switzerland Food Processing Seals Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Food Processing Seals Market by Material
10.3.2.11.2 Austria Food Processing Seals Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Food Processing Seals Market by Material
10.3.2.12.2 Rest of Western Europe Food Processing Seals Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Food Processing Seals Market by Country
10.4.2 Asia Pacific Food Processing Seals Market by Material
10.4.3 Asia Pacific Food Processing Seals Market by Application
10.4.4 China
10.4.4.1 China Food Processing Seals Market by Material
10.4.4.2 China Food Processing Seals Market by Application
10.4.5 India
10.4.5.1 India Food Processing Seals Market by Material
10.4.5.2 India Food Processing Seals Market by Application
10.4.6 Japan
10.4.6.1 Japan Food Processing Seals Market by Material
10.4.6.2 Japan Food Processing Seals Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Food Processing Seals Market by Material
10.4.7.2 South Korea Food Processing Seals Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Food Processing Seals Market by Material
10.4.8.2 Vietnam Food Processing Seals Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Food Processing Seals Market by Material
10.4.9.2 Singapore Food Processing Seals Market by Application
10.4.10 Australia
10.4.10.1 Australia Food Processing Seals Market by Material
10.4.10.2 Australia Food Processing Seals Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Food Processing Seals Market by Material
10.4.11.2 Rest of Asia-Pacific APAC Food Processing Seals Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Food Processing Seals Market by Country
10.5.1.2 Middle East Food Processing Seals Market by Material
10.5.1.3 Middle East Food Processing Seals Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Food Processing Seals Market by Material
10.5.1.4.2 UAE Food Processing Seals Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Food Processing Seals Market by Material
10.5.1.5.2 Egypt Food Processing Seals Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Food Processing Seals Market by Material
10.5.1.6.2 Saudi Arabia Food Processing Seals Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Food Processing Seals Market by Material
10.5.1.7.2 Qatar Food Processing Seals Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Food Processing Seals Market by Material
10.5.1.8.2 Rest of Middle East Food Processing Seals Market by Application
10.5.2 Africa
10.5.2.1 Africa Food Processing Seals Market by Country
10.5.2.2 Africa Food Processing Seals Market by Material
10.5.2.3 Africa Food Processing Seals Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Food Processing Seals Market by Material
10.5.2.4.2 Nigeria Food Processing Seals Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Food Processing Seals Market by Material
10.5.2.5.2 South Africa Food Processing Seals Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Food Processing Seals Market by Material
10.5.2.6.2 Rest of Africa Food Processing Seals Market by Application
10.6 Latin America
10.6.1 Latin America Food Processing Seals Market by Country
10.6.2 Latin America Food Processing Seals Market by Material
10.6.3 Latin America Food Processing Seals Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Food Processing Seals Market by Material
10.6.4.2 Brazil Africa Food Processing Seals Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Food Processing Seals Market by Material
10.6.5.2 Argentina Food Processing Seals Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Food Processing Seals Market by Material
10.6.6.2 Colombia Food Processing Seals Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Food Processing Seals Market by Material
10.6.7.2 Rest of Latin America Food Processing Seals Market by Application
11 Company Profile
11.1 Flowserve Corp
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 EnPro Industries, Inc
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 AESSEAL Plc
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 A.W. Chesterton Company
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Trelleborg AB
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Smiths Group Plc
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Meccanotecnica Umbra S.p.A
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 SKF
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 James Walker
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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