Food-grade Conveyor Belts Market Size, Share & Growth [2031]

Report Description

Food-grade Conveyor Belts Market Outlook 2031:

The global Food-grade conveyor belts market size was valued at USD 585.2 Million in 2022 and is anticipated to reach USD 860.1 Million by 2031, expanding at a CAGR of 4.6% during the forecast period.

A conveyor belt is a material handling system, which consists of a loop of flexible materials that is driven by one or more pulleys. It is used to transport materials over a short or long distance. According to the Material Handling Equipment Distributors Association (MHEDA), bulk items have been transported through conveyor belts since around 1795.

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Food-grade conveyor belts are especially used for transporting food and beverage items. These belts are made of materials that are safe for direct contact with food as well as withstand the rigors of cleaning and sanitation. Food-grade belts play a significant role in contamination risk.

Macro-economic Factors

Trade

Several countries depend on import and export activities, as it influences the GDP of a country. Healthy trade helps the economy to boom. The US is the second large-scale trading nation in the world, which generated about USD 7.0 trillion in exports and imports of goods and services in 2022. China is one of the key exporters of various goods.

Trading provides lucrative opportunities for economic growth. High exports are expected to influence the demand for products, which provides high returns. This, in turn, increases the production of products. For instance, China is one of the massive food manufacturing industries. The growing demand for processed food influences the demand for conveyor belts for smooth operations in the food processing industry.

Foreign Direct Investment

Foreign direct investment contributes to the development of the country, as these investments generate employment opportunities for the locals. An increasing flow of foreign direct investment indicates the increasing trust of global investors in the stability of the economy.

The rapid increase in foreign direct investment enables easy availability of funding for the expansion of capital-intensive businesses. The increasing foreign direct investment is contributing to the growth of the conveyor belts market, as these belts are extensively used in the manufacturing and automotive industries.

Economic Growth

Steady growth has been registered in terms of trade in the past few decades, despite global geopolitical instabilities and the COVID-19 pandemic. Global GDP accounted for around USD 100.5 Trillion in 2022. Countries such as the US, China, Japan, and India registered high economic growth.

Economic growth plays a vital role in the expansion of industries across the globe, which use conveyor belts. The food and beverage industry thrives in the growing phase of the economy. Thus, the overall economic growth is creating immense opportunities in the market.

Market Dynamics

Market Driver - Increasing Demand for Packaged Food

Increasing sales of packaged food is anticipated to boost the market in the coming years. A hectic and fast-paced routine, time restraints for meal preparations, rising disposable income of consumers, and developing e-commerce have boosted packaged food sales.

This, in turn, increases the demand for food processing. However, the food processing industry uses conveyor belts for proper and safe transportation of food, thereby propelling the market. Conveyors belt help save time by allowing materials to be moved between multiple levels quickly.

Market Driver - Increasing Automation in the Food and Beverage Industry

The food manufacturing businesses has undergone several changes due to automation, which has made production processes fast and efficient. Thus, food manufacturers are focusing on automation to boost output, cut expenses, and improve quality and safety requirements.

Moreover, manufacturers are adopting various advanced technologies to meet the overall growing demand for processed food while maintaining high safety and quality standards. Therefore, the rising demand for processed food significantly influences the automation in the food and beverage industry, thereby fueling the market.

Market Restraint - High Cost

High cost associated with the Food-grade conveyor belt system is projected to hinder the market. The technical sophistication of the conveyor belt system significantly increases the repair and maintenance cost. These factors restrain the growth for Food-grade conveyor belts market.

Market Opportunity – Technological Advancements in Food-grade Conveyor Belts

Conveyor belts are an essential component of the food manufacturing industry to efficiently transport products from one place to another with minimal human intervention. However, in recent years, the technology behind conveyor belts has advanced significantly, offering a range of new and improved features to meet the specific needs of food industry. Thus, the demand for Food-grade conveyor belts is projected to increase with the growing technological advancements.

Scope of the Food-grade Conveyor Belts Market Report  

The report on the global Food-grade conveyor belts market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Food-grade Conveyor Belts Market Segmental Outlook

Based on material, the Food-grade conveyor belts market is segmented into polyvinyl chloride (PVC), polyurethane, silicone, and others. The PVC segment is anticipated to expand at a CAGR of 4.4% during the projected period.

Conveyor belts made of polyvinyl chloride (PVC) are commonly used in the food industry in various tasks related to handling and preparing food. The PVC-coated conveyor belts are widely used in the processing of meat, fish, dairy products, and bakery products, as well as material handling. Conveyor belts made of PVC are renowned for their affordability, strength, and adaptability.

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On the basis of belt type, the Food-grade conveyor belts market is segmented into modular belt, wire mesh, flat belt, and others. The flat belt conveyor belt held significant share in the market in 2022. The flat belt conveyor belt is commonly used conveyor system. Internal conveyance or transferring objects within a facility is carried out easily using this belt.

These belts are extremely adaptable as they are made of a variety of materials. Moreover, modular belt is expected to grow at substantial rate during the forecast period. While flat bands employ a continuous loop of material, modular conveyors use a single loop made up of thousands of interlocked components, most of which are composed of hard plastic. Modular belt conveyors are therefore easier to maintain and replace than flat belt conveyors.

On the basis of the belt thickness, the market is divided into less than 3 mm, 3 mm - 5 mm, and above 5 mm. The thickness of the belt is required to be adequate to hold the weight of the food products.

The less than 3 mm segment held significant share in 2022, owing to its durability, flexibility, and affordability. The cost and performance are making this range most used in the food processing industry. These belts are made of material that are resistant to abrasion and wear.

On the basis of end-user, the market is bifurcated into food and beverage. The food industry is required to adhere to a number of standards to keep the finished goods safe for ingestion by humConveyor belts made of Food-grade materials enable a clean and safe environment with less accumulation of dirt that contaminate food.

These systems reduce human contact that increases the risk of inadvertent food safety breaches. Regular washdown procedures make cleaning them simple. Different conveyor belts are needed for different types of food, such as confectionery, baking, dough processing, and meat and poultry processing, in order to move them effectively and efficiently from one location to another.

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Regional Outlook

On the basis of region, the global Food-grade conveyor belts market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific accounted for a large market share in 2022 and the market in the region is expected to exhibit exceptional growth, due to rapid industrialization and urbanization. The wide presence of food and beverage industry in China, India, and Japan are contributing to the market expansion.

Furthermore, the increasing investments in the food and beverage industries as well as technological advancement in the growing economies are fueling the Food-grade conveyor belts market in this region. In North America, the Food-grade conveyor belts market demonstrates a significant growth, due to the well-established industries in the region. The processing and manufacturing of food products plays a critical role in the US economy.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Food-grade Conveyor Belts Market

• Historical, Current and Projected Market Size in terms of Value

• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

• Industry Drivers, Restraints, and Opportunities Covered in the Study

• Recent Industry Trends and Developments

• Competitive Landscape & Strategies of Key Players

• Neutral Perspective on Global Food-grade Conveyor Belts Market Performance