The Asia Pacific Food Processing Seals Market would witness market growth of 6.9% CAGR during the forecast period (2020-2026). In particular, the demand for food processing seals is expanding in emerging economies such as India and China. With the growing middle-class population, the demand in these countries is growing. Increased demand for processed & packaged food is projected to fuel demand for food processing seals globally. In addition, the need to save raw materials from deterioration by processing them is another factor driving the food processing seals industry. Moreover, the presence of strict regulations and standards on the usage of seal content and food-grade seals is projected to boost market demand. Changing consumption preferences and eating practices are fuelling the development of the food processing seals industry.
Food processing seals are used in the food manufacturing sector to avoid leakage. By stopping the proliferation of microbes, seals avoid any contamination of the food. Sealing materials used in the industry are required to comply with legislation such as the FDA, NSF, 3A standards and are often expected to be resistant to corrosion.
Rising demand for bakery items and packaged alcoholic and non-alcoholic beverages is projected to fuel market growth over the forecast period. Additionally, stringent restrictions on the use of the product and seal materials are anticipated to support the growth of the market over the projected period. In addition, the growing demand for dairy and meat products is projected to boost the market growth. However, high raw material revenues are estimated to have a negative impact on the overall growth of the industry.
Based on Material, the market is segmented into Elastomers, Face Materials and Metal. Based on Application, the market is segmented into Bakery & Confectionery, Beverages; Meat, Poultry & Seafood; Dairy Products, and other Applications. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Food Processing Seals Market in Asia Pacific is expected to register a CAGR of 6.9% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Smiths Group PLC, Parker-Hannifin Corporation, Trelleborg AB, IDEX Corporation (Phantom Controls, Inc.), Flowserve Corporation, Freudenberg Group, James Walker Ltd., EnPro Industries, Inc., A.W. Chesterton Company, Inc., and AESSEAL PLC (AES Engineering Ltd.).
Market Segmentation:
By Material
By Application
By Country
Companies Profiled
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