Press release
Food and Beverage Seals Market is Forecasted to Reach US$ 3.8 billion in 2026, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global Food and Beverage Seals Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/2137/food-and-beverage-seals-market.html#form
Report Highlights: `
Market Size in 2026: US$ 3.8 billion
Growth (CAGR): 4.0% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Food and Beverage Seals Market:
The global Food and Beverage Seals Market is segmented Application Type, Equipment Type, Product Type, Material Type, Motion Type & Region
Based on application type: The food & beverage processing & packaging seals market is segmented as bakery & confectionery, meat poultry & seafood, dairy products, beverages, and others. Beverages are expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Germany, Italy, and the USA are the biggest producer of beverage packaging machines. Every year, over US$ 1.5 billion worth of beverage packaging machines are produced in these countries.
Based on equipment type: The market is segmented as processing and packaging. Processing is expected to remain the largest segment, whereas packaging to be the faster-growing segment of the market during the forecast period. Food and beverage are the major application areas of packaging machines. Pharmaceuticals, cosmetics & personal care, and chemical & healthcare are other key application areas, generating a healthy demand for seals within the segment.
Based on product type: The market is segmented as O-rings, gaskets, lip seals, mechanical seals, and others. Lip seals are expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Lip seals are gaining more and more recognition due to their various advantages over others.
Based on material type: The market is segmented as elastomeric seals, thermoplastic seals, and metallic seals. Elastomeric seals are expected to remain the largest segment, whereas thermoplastic seals to be the fastest-growing segment during the forecast period. Increasing demand for thermoplastic elastomers as they possess physical properties of both thermoplastics and rubber which make them soft and flexible.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2137/food-and-beverage-seals-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Europe is expected to remain the largest region market during the forecast period. This growth outlook is majorly attributed to the following-
• Europe is expected to remain the largest region, whereas Asia-Pacific to be the fastest-growing region in the food & beverage processing & packaging seals market during the forecast period.
• Germany, France, and Italy are the three largest packaging and processing equipment manufacturers for food & beverages, driving the demand for seals in the region.
• Germany is the largest producer of food & beverage processing & packaging machines and export these machines in large quantities.
• In 2020, the country witnessed a decline of about 9% in these machines' production and 8% in these machines' exports to the respective value of Eur 13.9 billion and Eur 8.5 billion in 2020.
Food and Beverage Seals Market Drivers:
• Rapid urbanization, changing patterns of food consumption, and rising demand for baked products are driving the demand for processing and packaging equipment.
• The overall market dynamics of processing & packaging equipment is quite different with Europe the manufacturing capital of such machines and exports these machines across the world.
• The impact of this trend is noticed in the seals market, a product that represents a fraction share of the total machine market.
Top 10 Companies in the Food and Beverage Seals Market:
Stratview Research has identified the following companies as the top market players:
• AB SKF
• EnPro Industries
• Freudenberg Group
• Flowserve Corporation
• Greene Tweed
• Hutchinson S.A.
• James Walker
• Meccanotecnica Umbra Spa
• Nichias Corporation
• Trelleborg AB
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Food and Beverage Seals Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• O-Rings Market: https://www.stratviewresearch.com/2951/o-rings-market.html
• Gaskets Market: https://www.stratviewresearch.com/2917/gaskets-market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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