The global food processing seals market size is expected to reach USD 3.5 billion by 2027, registering a CAGR of 2.5%, according to a new report by Grand View Research, Inc. Increased production of processed and packaged food items across the globe is anticipated to propel the market growth over the forecast period. In addition, rising demand for packaged foods and drinks including fruit juices, bakery products, alcoholic drinks, and others is likely to augment the demand for seals in the food processing industry.
Stringent regulations about using food-grade seals is also anticipated to promote industry growth. Factors, such as changing lifestyle and rising disposable income levels, are estimated to stimulate the demand for packaged food & beverages, thereby supporting market growth. However, rising awareness about the benefits of consuming organic and unprocessed food products is likely to limit the demand for processed foods & beverages. This will have a negative impact on the overall growth of the market.
Food Processing Seals Market Report Highlights
• Elastomers is projected to be the largest material segment expanding at the fastest CAGR of 2.8% from 2020 to 2027 due to the superior properties of elastomers
• The bakery and confectionery segment is projected to account for the maximum market share by 2027 owing to the rising demand for bakery products across the globe
• However, beverages application segment is anticipated to register the fastest CAGR over the forecast period due to rising demand for alcoholic and non-alcoholic drinks.
• Asia Pacific is expected to be the fastest-growing regional market from 2020 to 2027 due to availability of low-cost labor and growing number of production facilities in emerging countries like China.
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Food Processing Seals Market Segmentation
Grand View Research has segmented the global food processing seals market on the basis of material, application, and region:
Food Processing Seals Material Outlook (Revenue, USD Million, 2016 – 2027)
• Face Materials
Food Processing Seals Application Outlook (Revenue, USD Million, 2016 – 2027)
• Bakery & Confectionery
• Meat, Poultry & Seafood
• Dairy Products
Food Processing Seals Regional Outlook (Revenue, USD Million, 2016 – 2027)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• Central and South America
• Middle East & Africa
List of Key Players of Food Processing Seals Market
• AESSEAL Plc
• Smiths Group Plc
• A.W. Chesterton Company
• Trelleborg AB
• Flowserve Corp.
• James Walker
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About Grand View Research
Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.
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