New York, July 28, 2022 (GLOBE NEWSWIRE) — The global pasteurization containers market is expected to increase at a CAGR of 5% during the forecast period of 2022-2032 and reach a growth of US$6 billion by 2032.
Since milk is a necessity for humans of all ages, there is an increasing demand for dairy products, especially milk, which is driving the expansion of the global pasteurization equipment market. Sales of pasteurization tanks were supported by growing customer preference for a healthy lifestyle.
Significant improvements in pasteurization vessel design, techniques, and materials have been made to meet changing market demands, meet stringent food processing industry restrictions and application-specific modules, and maintain the market competitiveness.
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Key insights from market research
- By method, the lot segment is expected to hold a market share of over 60% by 2032. However, the secondary market segment will grow at a faster rate at 4.8% CAGR
- Under engine type, the 1001-5000L capacity segment is expected to hold the largest market share of more than 30%.
- By end use, the beverage industry is expected to create an absolute dollar opportunity of US$762.14 million.
- By region, Europe is expected to account for the largest share of 25% of the global market by 2032.
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“Food safety and product quality are the foundations for the growing pasteurization tank business and are expected to have a beneficial effect on market growth,” says an analyst at Persistence Market Research.
To improve product reliability, manufacturers are working on the development of pasteurization tanks according to their process requirements. Companies have increased their footprint by integrating their basic pasteurization tank units with advanced technologies to provide the perfect combination of functionality and productivity.
Some of the major pasteurization vessel manufacturers profiled in the report are Bolz Intec GmbH, Sordi Impianti, Voran Maschinen GmbH, KHS Group, Daritech inc, Focus Technology Co., Ltd, Neologic Engineers Private Limited, Dion Engineering, GEA Group, Krones, SPX FLOW, Tetra Pak International, A·S·T·A eismann GmbH, ABL Technology, Anco Equipment and Della Toffola.
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Rising demand for dairy industry products is expected to fuel the market growth over the forecast period owing to stringent government requirements for pasteurization. People’s ability to buy more and increased global awareness of food safety are expected to drive the market expansion over the coming years.
Want to know more?
Persistence Market Research, a research and advisory firm, has published an revised Market Research Report on Pasteurization Containers Market which contains 2017-2021 global industry analysis and 2022-2022 opportunity assessment. 2032.
The report provides an in-depth analysis of the market across different segments, namely capacity, method, end-use, and region.
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