Product Code: A08253
The food processing seals market size was valued at $2.8 billion in 2021 and is projected to reach $4.6 billion by 2031, registering a CAGR of 5.1% from 2022 to 2031. Food processing seal is a step in the packaging and processing of food items. This seal is provided for food packaging in order to avoid contamination and leakage of the food. There are various environmental factors that can cause damage, decay, or contamination of packed food items during transport and storage from which these seals are effective in providing protection.
Seals in packaging of products also provide useful information about the product. In addition, it helps in preventing contact of food products from dust and external contaminants. Customers are drawn to packaging that provides them simple access to product facts. For instance, more than 70% of purchasing choices are made in-store based on packaging and information provided. Moreover, the protection of the interior goods is another element that drives the growth of the market. A product travels hundreds of thousands of miles before reaching clients. It gets delivered through the roadways, railways, rivers, or aircraft. Distinct modes of transportation necessitate different packaging and protection of the goods within the packaging industry, which demand for durable packaging solutions. Hence, this drives the use of durable packaging solutions for shipping applications.
Food processing seals requires a type of packaging made of plastic, glass, paperboard, or metal. These materials are extensively used to form cans, containers, cartons, and other forms of packages. Thus, such seals in packaging offers unique benefits, which include increased shelf life, maintains quality of contents, and no preservatives, which acts as a boon for the global food processing seals market.
Surge in global consumption of food & beverages fuels demand for food processing seals, which propels the food processing seals market. In addition, food processing seals are widely used in the beverages industry due to their cost-effectiveness, eco-friendliness, and recyclability nature. However, one of the significant restraints for the global food processing seals market is uncertain prices of raw materials such as metals and elastomers.
In addition, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to decline in the manufacturing of various equipment as well as their demand in the market, thereby restraining the growth of the market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of companies at their full-scale capacities, that helped the market to recover by the end of 2021.
On the contrary, rise in e-commerce sales offers lucrative growth opportunities for the global food processing seals market.
Customers' demand for long-lasting packaging, as well as the upgraded or innovative packaging has grown. This is impeding the growth of small-scale industries that are unable to absorb the costs of upgrading or using new materials which has grown the adoption of food processing seals. In addition, the best chance for growth in food processing seals is in the E-commerce industry. The e-commerce industry has grown at a rapid pace over the years. It is effective in reaching clients at every nook and cranny of the globe. Hence, it is necessary to use specialized packaging to keep the product safe inside the package till it reaches the customer. Thus, this is providing more convenience to the customers, which in turn, is anticipated to offer lucrative opportunities for the food processing seals market.
The food processing seals market is segmented on the basis of material type, technology, application and region. By material, the food processing seals 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 food processing seals 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).
- In 2021, Europe was the highest contributor to the global food processing seals market share, and LAMEA is anticipated to secure a leading position during the forecast period.
- On the basis of material type, in 2021 the metal segment dominated the food processing seals market, in terms of revenue, and the elastomers segment is expected to witness growth at the highest CAGR during the forecast period. As per technology, in 2021, the vacuum segment led the food processing seals market, and the non-vacuum segment is expected to exhibit the highest CAGR in the near future. By application, the bakery & confectionary segment led the market in 2021, in terms of revenue and the processed food & beverages segment is anticipated to register highest CAGR during the forecast period. Region wise, Europe garnered the highest revenue in 2021; and LAMEA is anticipated to register its highest CAGR during the forecast period.
COMPETITION ANALYSIS
- 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 Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the food processing seals market analysis from 2021 to 2031 to identify the prevailing food processing seals market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the food processing seals market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global food processing seals market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material type
- Face Materials
- Elastomers
- Metal
By Technology Type
By Application
- Bakery and Confectionary
- Meat, Poultry and Seafood
- Dairy Products
- Processed Food and Beverages
- Others
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- James Walker
- Trelleborg
- A.W. Chesterton Company
- IDEX Corporation
- EnPro Industries
- Flowserve Corp.
- SKF
- Parker Hannifin Corporation
- Smiths Group plc
- Meccanotecnica Umbra
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in Advertising and Product Development
- 3.4.1.2. Protection of the Product
- 3.4.2. Restraints
- 3.4.2.1. High Cost of Raw Materials
- 3.4.3. Opportunities
- 3.4.3.1. Growing E-Commerce Industry
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: FOOD PROCESSING SEALS MARKET, BY MATERIAL TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Metal
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Face Materials
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Elastomers
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: FOOD PROCESSING SEALS MARKET, BY TECHNOLOGY TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Vacuum
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Non Vacuum
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: FOOD PROCESSING SEALS MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Bakery and Confectionary
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Meat, Poultry and Seafood
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Dairy Products
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Processed Food and Beverages
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
CHAPTER 7: FOOD PROCESSING SEALS MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Material type
- 7.2.3. Market size and forecast, by Technology Type
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Material type
- 7.2.5.1.3. Market size and forecast, by Technology Type
- 7.2.5.1.4. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Material type
- 7.2.5.2.3. Market size and forecast, by Technology Type
- 7.2.5.2.4. Market size and forecast, by Application
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Material type
- 7.2.5.3.3. Market size and forecast, by Technology Type
- 7.2.5.3.4. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Material type
- 7.3.3. Market size and forecast, by Technology Type
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Material type
- 7.3.5.1.3. Market size and forecast, by Technology Type
- 7.3.5.1.4. Market size and forecast, by Application
- 7.3.5.2. France
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Material type
- 7.3.5.2.3. Market size and forecast, by Technology Type
- 7.3.5.2.4. Market size and forecast, by Application
- 7.3.5.3. UK
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Material type
- 7.3.5.3.3. Market size and forecast, by Technology Type
- 7.3.5.3.4. Market size and forecast, by Application
- 7.3.5.4. Italy
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Material type
- 7.3.5.4.3. Market size and forecast, by Technology Type
- 7.3.5.4.4. Market size and forecast, by Application
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Material type
- 7.3.5.5.3. Market size and forecast, by Technology Type
- 7.3.5.5.4. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Material type
- 7.4.3. Market size and forecast, by Technology Type
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Material type
- 7.4.5.1.3. Market size and forecast, by Technology Type
- 7.4.5.1.4. Market size and forecast, by Application
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Material type
- 7.4.5.2.3. Market size and forecast, by Technology Type
- 7.4.5.2.4. Market size and forecast, by Application
- 7.4.5.3. South Korea
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Material type
- 7.4.5.3.3. Market size and forecast, by Technology Type
- 7.4.5.3.4. Market size and forecast, by Application
- 7.4.5.4. India
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Material type
- 7.4.5.4.3. Market size and forecast, by Technology Type
- 7.4.5.4.4. Market size and forecast, by Application
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Material type
- 7.4.5.5.3. Market size and forecast, by Technology Type
- 7.4.5.5.4. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Material type
- 7.5.3. Market size and forecast, by Technology Type
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Material type
- 7.5.5.1.3. Market size and forecast, by Technology Type
- 7.5.5.1.4. Market size and forecast, by Application
- 7.5.5.2. Middle East
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Material type
- 7.5.5.2.3. Market size and forecast, by Technology Type
- 7.5.5.2.4. Market size and forecast, by Application
- 7.5.5.3. Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Material type
- 7.5.5.3.3. Market size and forecast, by Technology Type
- 7.5.5.3.4. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
- 9.1. A.W. Chesterton Company
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.2. SKF
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Parker Hannifin Corporation
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. IDEX Corporation
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.5. Flowserve Corp.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.6. James Walker
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Meccanotecnica Umbra
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. EnPro Industries
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. Smiths Group plc
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.10. Trelleborg
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance