According to a new report published by Allied Market Research, titled, “Food Processing Seals Market," The food processing seals market was valued at $2.8 billion in 2021, and is estimated to reach $4.6 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
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In 2021, Europe dominated the global food processing seals market, in terms of revenue, accounting for around 40% share of the global market.
Food processing seals are seals that are used in the food processing industry to prevent leakage. In addition, seals used in food processing prevent food contamination by preventing microbial growth.
The global market is expected to be driven by growth in adoption of food processing seals in the beverages industry. Key market players aim to discover new technologies and products to cater to growing customer demands. Business expansion and product launch are anticipated to allow them to enhance their product portfolios and enter into various regions. Emerging countries offer remunerative opportunities for the market players for development and helps in expanding food processing seals market size.
One of the major factors that stimulate growth of the global market is the surge in demand for recycled and affordable packaging products which has grown the trend for packaging which further makes use of seals. However, uncertain prices of raw material are anticipated to hinder food processing seals market growth.
In addition, the outbreak of COVID-19 has led to a halt in packaging and manufacturing activities across the globe. The fall in logistics services has led to a halt in the packaging industry, which, in turn, hindered growth of the market for a very small period. However, industries are gradually back on track and vaccine discovery has led to recovery of the food processing seals market by mid-2021.
Food processing seals are used for the completing packaging of different products in the food and beverage industry such as seafood, meat, non-alcoholic beverages, alcoholic beverages, dairy items, and bakery items. Along with these products fruits and vegetables, energy drinks and fruit juices are also consumed in large numbers in different parts of the world. Many companies in the packaging industry are trying to develop and introduce new and more advanced packaging solutions in the market. These new packaging solutions provide safer packaged food products to prevent various kinds of contamination and help to improve the shelf life of the food product. Selig, a key player in the cap and closure lining market, has launched a new induction liner named DELTASEAL 9000. This induction liner has been developed to be used on the jars of different food products. It is a 2-piece polymer bonded liner and the food product which contains fats and oils can be stored in the container by using this type of liner. Also, the shelf life of these products can be increased as they are sealed. Thus, such a use is driving the adoption during the food processing seals market forecast period.
Several players having significant food processing seals market share such as SKF and Smiths Group are expanding their business worldwide, owing to an augmented customer base, improved effective operations, expanded geographical reach, and developed product portfolio. This is predicted to lead to development of the industry.
Many major players in the global food processing seals industry and packaging industry are designing their products considering convenience factors to increase their sales. For instance, Tetra Pak, a subsidiary of Tetra Laval, based in Sweden, which has designed its Tetra Gemina cartons in three different shapes, which are square, crystal, and leaf. Each shape allows 360 degrees of graphic design space and is attached with a pouring cap, named, HeliCap 27 or StreamCap 1000, which is resealable and is fixed at an angle such that it provides an optimal flow of beverages. Moreover, caps are manufactured using bio-based plastics, which makes the product 100% recyclable. All such factors provide convenience to customers during usage and to manufacturers as it is easy to recycle.
The food processing seals market outlook is made on the basis of material type, technology, application and region. By material, the market is fragmented into metal, face material and elastomers. By technology, the market is categorized into vacuum and non-vacuum. By application, the market is divided into Bakery & Confectionary, Meat, Poultry & Seafood, Dairy Products, Processed Food & Beverages and others. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Key companies profiled in the food processing seals market report include Flowserve Corp, James Walker, Meccanotecnica Umbra, A.W. Chesterton Company, SKF, Parker Hannifin Corporation, IDEX Corporation, EnPro Industries, Smiths Group plc and Trelleborg.
Key Findings of the Study
- The report provides an extensive food processing seals market analysis along with the current and emerging global food processing seals market trends and dynamics.
- Depending on material, the metal segment was the largest revenue generator in 2021.
- By technology, the vacuum segment generated the highest revenue in 2021.
- On the basis of application, the bakery & confectionary segment dominated the market in 2021.
- Region wise, Europe is anticipated to dominate the global food processing seals market throughout the study period.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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