Agricultural & Food Grade Rubber Conveyor Belt Market to Witness Huge Growth by 2028

To Grow at a CAGR of 4.9% - Seite 2

Agricultural & Food Grade Rubber Conveyor Belt Market: Segmentation By product type- White food grade rubber conveyor & elevator belt, Green food grade rubber conveyor & elevator belt, Standard black rubber conveyor & elevator belt; Material type-Natural rubber, Synthetic rubber; Application- Harvesting equipment, Processing equipment, Material handling & packaging equipment, Bottling equipment: https://www.futuremarketinsights.com/reports/agricultural-food-grade-r ...

Global Agricultural & Food Grade Rubber Conveyor Belt Market Forecast 

Market insights suggest that the overall size of the global agricultural & food grade rubber conveyor belt market will expand at a significant rate over the forecast period. Various positive changes are expected to surge the growth of the global agricultural & food grade rubber conveyor belt market.

By region, SEA & Pacific is anticipated to dominate the global agricultural & food grade rubber conveyor belt market over the forecast period. SEA & Pacific, followed by China, is projected to remain the opportunistic regions. In value terms, SEA & Pacific is estimated to create incremental $ opportunity worth US$ 411.9 Mn in the global agricultural & food grade rubber conveyor belt market over the forecast period. China, followed by Middle East & Africa (MEA), is projected to grow at a healthy CAGR over the forecast period.

By product type, the standard black rubber conveyor & elevator belt segment is anticipated to dominate the agricultural & food grade rubber conveyor belt market with a value of US$ 1,953.2 Mn in 2018. However, the green food grade rubber conveyor & elevator belt segment is projected to account for less than 15% share in the global agricultural & food grade rubber conveyor belt market during the forecast period. In terms of growth, the white food grade rubber conveyor & elevator belt segment is predicted to observe high growth rate during the forecast period.

By material type, the synthetic rubber segment is estimated to dominate the global market. In volume terms, the demand from synthetic rubber segment is expected to be pegged at 127,858 '000 meters by the end of 2028. In value terms, the natural rubber segment is predicted to create incremental $ opportunity worth US$ 630.5 Mn in the global agricultural & food grade rubber conveyor belt market during the forecast period.