Beverage Processing Polymers Market Analysis, Key Share and New Market Opportunities Explored by 2022-2032
Global beverage processing polymers market size is projected to be valued at US$ 591.5 Million in 2022 and US$ 845.4 Million in 2032. Ability of polymers to help in infiltration processes, especially in the beverage sector worldwide is expected to bode well for the market.
Polymers hold utmost importance in multiple applications, including food and beverage processing, on account of a plethora of benefits offered. One of the key reasons responsible for augmented demand for polymers in beverage processing is their ease of processing. Polymers are being increasingly sought-after and are being used to replace metals in the beverage processing market, as polymers help in performance reinforcement and reduction of downtime costs.
Manufacturers in the beverage processing polymers market are focusing on developing polymers combined with a variety of modifiers, additives, and pigments, with an objective of adhering to end-user specifications. Beverage processing polymers are also being widely embraced across food and beverage applications, owing to their abilities in boosting cost-effectiveness and productivity
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Beverage Processing Polymers Market – Novel Developments
Key players in the beverage processing polymers market are focusing on product differentiation, with a primary objective of having a competitive edge. Moreover, leading players in the beverage processing polymers market are also channelizing their efforts toward mergers and acquisitions as a crucial part of the company’s growth & expansion strategy.
- In 2018, Victrex plc- a key player in the beverage processing polymers market – presented a dedicated portfolio of ‘PEEK food grade’ polymers at the famous ‘Fakuma Show’ held in Germany. The new polymer portfolio released by the company are is highly productive, cost-effective, and offers superior performance in comparison to metals, with respect to adhering to regulatory as well as quality specifications of the food & beverage industry. Victrex PEEK will be one-of-its-kind in terms of optimizing efficiency and reducing production expenses for operators of the food & beverage industry.
- In 2019, Celanese Corporation- a leading company offering chemical and specialty materials- made an official announcement of the completion of acquisition of Next Polymers Ltd.- a leading Indian engineering thermoplastics (ETP) compounders. This acquisition was aimed at boosting sales of the company’s product portfolio of nylon and other engineered materials and leverage untapped opportunities for growth amid the competitive scenario.
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Beverage Processing Polymers Market- Dynamics
Asia Pacific is estimated to emerge as a highly lucrative market for beverage processing polymers, backed by a thriving regional food and beverage industry. Regional demand for both alcoholic and non-alcoholic beverages, including beer, soft drinks, flavored milk, and other types, is foreseen to fuel growth of Asia Pacific beverage processing polymers market.
Some of the key countries of Asia Pacific, including Japan, China, Indonesia, and others, are likely to spearhead demand for beverage processing polymers. Although the Asia Pacific region remains highly diverse with respect to demographics, dietary preferences, and income levels, the Asia Pacific beverage processing polymers market will be nevertheless shaped by number of food processing industries springing up in the region.
Beverage Processing Polymers Market- Manufacturers Focus on Commercializing Distinguishable Products to Gain Long-Term Profitability
Manufacturers in the beverage processing polymers market are focusing on offering distinguishable products, which will help end-users to comply with quality standards while gaining cost advantages. Manufacturers are focusing on improving the wear resistance of their beverage processing polymers product line, which, in turn, is conducive to component shelf life. Manufacturers are getting their products tested vis-à-vis compliance with FDA regulation, thereby boosting end-user confidence and boost sales.
Manufacturers are entering into definitive agreements with food processing industries, which is helpful for their long-term profitability. Moreover, manufacturers are also ensuring crucial features, such as durability and scratch-resistance, of their products to boost recall value of their offerings.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global beverage processing polymers market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with beverage processing polymers market attractiveness as per segments. The report on beverage processing polymers market also maps the qualitative impact of various factors on beverage processing polymers market segments and geographies.
Beverage Processing Polymers Market- Segmentation
By polymer type, the beverage processing polymers market is segmented into
- PVPP & PVI
- PVPP & PS
- Caprolactum or Nylon 6
By beverage type, the beverage processing polymers market is segmented into
- Wine & Beer
- Carbonated Drinks
- Bottled Water
- Fruit-based Beverages
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Beverage Processing Polymers Market- Report Highlights:
- A detailed overview of parent market of beverage processing polymers market
- Changing beverage processing polymers market dynamics in the industry
- In-depth segmentation of the beverage processing polymers market
- Historical, current, and projected beverage processing polymers market size regarding volume and value
- Recent industry trends and developments in beverage processing polymers market
- Competitive landscape of the beverage processing polymers market Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on beverage processing polymers market performance
- Must-have information for beverage processing polymers market players to sustain and enhance their market footprint