1/3/21- Plastics- TLB

Coated Casing Market Size, Share, CAGR & Forecast Report for 2031

Press Release from Future Market Insights

Coated Casing Market Overview

The market for coated casing is anticipated to expand with a CAGR of more than 5.0% over the coming years as a result of rising urbanisation and expanding application across numerous end-use industries, according to the most recent report by Future Market Insights.

In the middle of the projection period, the industry is likely to recover from the disasters, and demand is likely to increase more quickly than in the past.

The main causes of the rising demand for casing are the growing population and metropolitanization.

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What are the Driving Factors for Coated Casing Market?

The coated casing is the technique used to increase the bonding between the two matters. This technology is massively utilized in food & beverage industry to maintain the flavours of preserved foods as well as in electronic industries to protect the items from damage.

The increase in the population is elevating the dependence of people on various goods resulting to increase the demand for product as rising cost of the economic balance in the lifestyle of people changes.

Coated casing increases the shelf life of products such as pipeline and other electronic goods by preventing them from corrosion while the utilization in the food and beverage industries is done to maintain the taste and flavours. 

The increasing usability of products due to rapid swelling prices of various commodities has propelled the manufacturers to come with various innovative ideas to make the coated casing material have a longer life. 

Demand would undoubtedly be accelerated by expected developments in end-use industries, resulting in rapid penetration. The market is expected to open up vast potential opportunities as a result of the aforementioned primary features.

COVID-19 Impact on Coated Casing Market

COVID-19 has a stringent effect on the coated casing market due to a major effect on the supply and demand of the product. During this period there was a halt in various infrastructure actives as well a change in the eating behavior of people towards the preserved food which has resulted in a decline in demand of the product.

The other factor affecting the coated casing market are the various regulation by the government to stop the proliferation of virus such as the delivery of the various product was regulated or stopped for some time.

This led to a decline in revenue generation for many of the manufacturers and created a dip in the soaring demand for the product.

Global Outlook of Coated Casing Market

In the report of “Global Coated Casing Market,” the prominent region included are North America, Latin America, Europe, South Asia & Oceania and the Middle East and Africa.

Europe is the leading player in the industry due to the high demand for sausages in the region. Germany is the foremost consumer of meat sausages. According to the Federal Ministry of Food and Agriculture, there in total per capita consumption of meat includes 57.3% of pork which needs to be transformed into sausages, as a result, increasing the demand for coating.

Following Europe is East Asia and North America due to rising in the construction facility and being the major industrialized region. The US in North America is the major industrialized country as 26% of the population is directly or indirectly involved in manufacturing activities.

While in East Asia there is a high demand for meat and meat products also the country is the foremost exporter of various animal goods which has directly boosted the dependency on the coated casing.

South Asia and the Middle East and Asia are expected to gain the market share due to the robust spending on development and raising the economic level of the country.

During the projected period, Latin America is expected to grow at a slow pace and account for a tiny portion of the global market.

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US and China Coated Casing Market

US and China are the developed countries having elevated standards of living and higher disposable income because of expanding meat consumption and spending trends, the coated casing industry in the United States and China is likely to grow.

China is the global leader in the production of chemicals so the demand for the coated casing is high in the region for the prevention of pipelines from corrosion and get purified chemicals without impurities.

Who are the Key Manufacturers of Coated Casing Market?

The prominent players of coated casing are

  • WLD steel
  • Elshazly Casings Company
  • ABTER STEEL
  • DAT-Schaub Group
  • World Casings Corporation
  • Viskase Companies
  • Rugao Qingfeng Casing
  • Kalle
  • Natural Casings Company
  • Almol
  • MCJ Casings etc.

Some of the leading supplier for the market are

  • SPM - SOCIÉTÉ PYRÉNÉENNE DE MÉTALLURGIE
  • SERCO

There are lot of players in the market. Players are aggressively pursuing a substantial portion of the market, utilising both organic and inorganic expansion strategies. Alliances, acquisitions, and a steady expansion of their global internet sales and distribution network were the main goals.

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Key Segment

Method

  • Artificial Casing
  • Traditional Casing

Type

  • Surface casing
  • Intermediate casing
  • Production casing
  • Drilling casing

Material Type

  • Painted Steel
  • Coated Steel
  • Real parchment
  • Protein coated woven fabric
  • Hardened protein
  • Woven fabric
  • Plastic coated woven fabric

Application

  • Food and Beverage
  • Oil and Gas Industries
  • Chemical Industries
  • Cosmetic Industries
  • Maritime industries
  • Others

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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