Food Absorbent Pads Market REPORT OVERVIEW
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The global food absorbent pads market size was USD 370.75 Million in 2021 and market is projected to touch USD 1140 Million by 2031, at a CAGR of 11.89% from 2021 to 2031. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The food absorbent pads or rolls are the pads that are efficient in absorbing excess oil, food, or chemicals. It prevents, reduces, and spills the need for maintenance. It is ideal for clean-up applications due to its absorbing or soaking capacity. These features are estimated to propel the food absorbent pads market growth in the foreseeable future. These are cost-effective solutions as they are non-reactive, durable, and easily recyclable. Moreover, these pads are available in various sizes, shapes, and absorption capacities per their application. These pads are a perfect fit for cleaning and maintenance of inevitable spills at production sites and factories.
The global market for absorbent pads is expanding owing to the end consumers' growing awareness of these qualities of these pads. Absorbent pads are ideal for industries aiming to increase worker safety and efficiency because of their many qualities, including usability, durability, sturdiness, and ease of recycling. The demand for absorbent pads is increasing for packing poultry, meat, and seafood, which is anticipated to drive the global absorbent pads market over the coming years. Among the liquid substances are spilled from solvent-based cleaners, coolants, coolant leaks, personal hygiene products, and oil. The applications for absorbent pads often include hydraulic fluids, oil-based fluids, water, and grease.
COVID-19 Impact: Imposed Lockdown Hampered the Product Demand
Due to a government-imposed lockout and low demand from the oil, petroleum, and food industry, the need for absorbent pads experienced a decline in 2020. Due to suspended production and a significant reduction in demand for luxury and non-essential services worldwide, the COVID-19 issue is anticipated to have a detrimental impact on the absorbent pad business. The loss of physical retail locations worldwide and the COVID-19 crisis had a mixed effect on the food and service industry. The accessibility of online purchasing has somewhat offset the tremendous impact of this shutdown. Even if e-commerce businesses will have to concentrate on protecting their products and sanitizing their packages, the demand for ecommerce-specific packaging is anticipated to remain high. Additionally, the food packaging sector is growing.
LATEST TRENDS
"Demand for Product from Various Sectors to Augment Trend in the Global Market"
The demand for food absorbent pads is increasing as they can soak up leaking water and maintain sanitation. The absorbent pads are becoming increasingly popular for use in packing meat, poultry, and seafood. The physically locked-in absorbed liquids are unable to exit the packaging. This makes using absorbent pads to package meat, poultry, and shellfish a secure and practical option. Additionally, natural cellulose fiber, which has FDA approval, is used to make absorbent pads, which is anticipated to fuel the market's global expansion during the projected period.
Food Absorbent Pads Market Segmentation
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- By Type Analysis
By type, the market is segregated into hard and soft pads.
- By Application Analysis
Based on application, the market is differentiated into red meat, fish, poultry, fruit & vegetables, and others.
DRIVING FACTORS
"Rising Focus towards Cleanliness and Safety to Prosper Product Demand "
The use of the product and its quick absorbability are the main reasons fueling the food absorbent pads market growth, along with the rapid improvement of cleanliness and safety in several sectors. Additionally, these items have many qualities, including robustness, reusability, durability, and usability. These products safeguard the efficacy and safety of the contents inside the packaging from dangerous fluids, which drives the market's expansion. Growing end-user demand for oil absorbent pads and the emergence of a new market will both foster favorable conditions for market expansion. The global market for absorbent pads is expanding as a result of end consumers' growing awareness of these qualities of these pads. Many properties of absorbent pads, including sturdiness, durability, and usability
"Various Applications of the Product to Aid Market Growth"
The food absorbent pads are used as meat pads due to their low cost and properties. It maintains the appearance, remarkability, and safety of white and red meat packaged in any facility. These are used as a tray for packaged meats and poultry to absorb the meat exudates. Using these pads in fruits and vegetables ensures the safety of the fruit during its transportation. It offers a protective barrier that absorbs shock and prevents additional damage. These factors are estimated to augment food absorbent pads' market share.
RESTRAINING FACTORS
"Fluctuating Price of Raw Materials to Hamper the Manufacturing Rate of the Product"
The price of raw materials is inconsistent, which decreases the manufacturing rate of food absorbent pads. The rising concern regarding the impacts of plastic on the environment is also estimated to affect the market’s growth rate. Additionally, the growing number of key players and new entrants are forecasted to affect the growth rate.
Food Absorbent Pads Market REGIONAL INSIGHTS
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"North America to Lead the Market Due to the Strong Presence of Leading Manufacturers"
North America is projected to hold a major part of the food absorbent pads market share, and is accredited to the strong presence of market players in the region. The rising disposable income is also expected to propel the demand for the product.
Asia Pacific is predicted to show sizable growth in the global market due to the presence of developing countries such as India, China, and Japan. The rising demand for the product from these countries is forecasted to be the major cause of regional growth.
KEY INDUSTRY PLAYERS
"Key Players to Emphasize On Development of Advanced Solutions to Gain Market Share"
To fulfill the rising demand for products, major players are concentrating on R&D and launching cutting-edge items. Companies are also working with local, small manufacturers to broaden their geographic reach and customer base and invest in new manufacturing facilities to boost production capacity. The businesses are forming alliances, merging, and buying other businesses in an effort to broaden their influence across nations and regions and increase their product line.
List of Market Players Profiled
- Fibril Tex Pvt Ltd (India)
- Tite-Dri Industries (U.S.)
- Elliott Absorbent Products (U.K.)
- Demi Company (India)
- Aptar (U.S.)
- Thermasorb (Australia)
- McAirlaid's (Germany)
- Novipax (U.S.)
- Rottaprint (Romania)
- MAGIC (India)
- Sirane (U.K.)
- Cellcomb (India)
REPORT COVERAGE
The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for stem cells to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 370.75 Million in 2021 |
Market Size Value By |
US$ 1140 Million by 2031 |
Growth Rate |
CAGR of 11.89% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the food absorbent pads market expected to touch by 2031?
Based on our research, the food absorbent pads market is projected to touch USD 1140 million by 2031.
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What CAGR is the food absorbent pads market expected to exhibit by 2031?
The food absorbent pads market is expected to exhibit a CAGR of 11.89% by 2031.
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What are the segments of the food absorbent pads market?
By type, the food absorbent pads market is segmented into software-as-a-service and equipment-as-a-service. Based on application, the market is classified into farmland and farms, agricultural cooperatives, and others.
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Which are the driving factors of the food absorbent pads market?
Rising focus towards cleanliness and safety to prosper product demand and various applications of the product to aid market growth are the factors driving the food absorbent pads market.
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Which are the top companies operating in the food absorbent pads market?
Fibril Tex Pvt Ltd, Tite-Dri Industries, Elliott Absorbent Products, Demi Company, Aptar, Thermasorb, McAirlaids, Novipax, Rottaprint, MAGIC, Sirane, and Cellcomb are the top companies operating in the food absorbent pads market.