Food Processing Seals Market 2019 Global Analysis On Key Manufacture: Smiths Group plc, Trelleborg Group, Freudenberg Sealing Technologies, A.W. Chesterton Company, James Walker, AESSEAL,
The market data described in the Food Processing Seals Market report helps the worldwide industry to identify various market opportunities. Such market research reporting is always advantageous in marketing products or services for any company, whether small or large. The analytical study of this Food Processing Seals Market report supports the mapping of growth strategies to increase sales and build on the market brand image. The purpose of this report is to provide a broader perspective of current market trends, situations, opportunities, and status as an information source. In addition, all CAGR projections for 2016, 2017 base year and 2018-2025 forecast period are provided in this market report.
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Market Growth Analysis:-
Global Food Processing Seals Market is expected to reach a projected value of USD 3.47 billion by 2026, registering a CAGR of 3.54% during the forecast period of 2019-2026, resulting in growth from its initial estimated value of USD 2.63 billion in 2018. Some of the factors behind this growth are growth in innovations and advancements in product offerings.
Key Developments in the Industry:-
• In September 2018, Freudenberg Sealing Technologies GmbH & Co. KG announced the launch of the latest EPDM sealing technology and associated materials. The materials offered are produced to have higher stability and durability even in extreme temperatures. The materials can be put into use with three different variations of hardness: 60 EPDM 290; 70 EPDM 291; and 85 EPDM 292.
• In July 2018, GARLOCK FAMILY OF COMPANIES announced the launch of “PUR-GARD” to their “KLOZURE” FDA portfolio of fluid sealing. The new product offers enhanced equipment operational time-period without compensating on quality and effectiveness.
Food processing seals can be defined as components that are utilized in various food and beverages equipment for sealing. These seals are important components to ensure safety, hygienic environment as they prohibit transference of any external substances and also ensure that the contents inside the equipment do not spill outside. These seals are able to withstand extreme temperatures and conditions.
• Existing regulations regarding the usage of certain products and equipment in food processing is expected to act as a driver for the market growth
• Growth in products related to dairy, and various other bakery products which require processing before they can be consumed; this factor is expected to act as a driver for the market growth
• Increasing adoption for natural, organic and unprocessed foods & beverages; this factor is expected to restrain the market growth
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Major Competitors Present in the Market are :-
• Teknikum Oy;
• Smiths Group plc;
• Trelleborg AB (publ);
• Freudenberg Sealing Technologies GmbH & Co. KG;
• A.W. Chesterton Company;
• James Walker;
• FTL Technology/IDEX;
• AESSEAL plc;
• PARKER HANNIFIN CORP;
• Meccanotecnica Umbra S.p.A.;
• GARLOCK FAMILY OF COMPANIES;
• Flowserve Corporation;
• Precision Associates, Inc.;
• FMI SICHEM SRL;
• Kismet Rubber Products;
• Klinger Limited and Spareage Sealing Solutions.
Global Food Processing Seals Market Competitive Analysis:-
Global food processing seals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of food processing seals market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Global Food Processing Seals Market Segmentation:
o Face Materials
o Dairy Products
o Bakery & Confectionary
o Meat, Poultry & Seafood
o North America
o South America
o Middle East & Africa
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