Global conveyor belt market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024-2031). A major factor supporting the market growth is the increasing growth in the convenience food and beverages sector to bolster investments in the conveyor belt market. The global conveyor belt market is experiencing growth due to the rising demand for packaged convenience foods due to busy lifestyles and growing disposable incomes. This demand leads to higher production volumes in the food and beverage industry.
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Automation is being increasingly used to meet this demand, with conveyor belts playing a crucial role in automated production lines. These belts maintain hygiene and safety standards by creating designated paths for food items, minimizing contamination risks, and ensuring product integrity. Additionally, conveyor belts increase production capacity, allowing companies to cater to the growing demand for convenience foods without compromising on quality or hygiene. For instance, in March 2024, Marubeni through its wholly-owned subsidiary in Canada, Viacore Solutions Inc. acquired Alternative Belting Enterprises Ltd. and Alternative Belting (Van Island) Enterprises Ltd. in British Columbia, expanding its operations in the Canadian conveyor belt distribution and maintenance services sector. The acquisition strengthens Viacore's market share and aims for further expansion.
In March 2024, Chiorino released HYPERCLEAN Polyolefin (TPO) food conveyor belts that are ideal for sticky food, confectionery, and chocolate processing, offering excellent resistance to low temperatures, smooth surface, superior release properties, improved hygiene, and cost-effectiveness.
In April 2023, Omtech, a leading food processing machinery manufacturer, has recently introduced a range of conveyor belts specifically designed for the food industry, available in manufacturing, food application, parcel, and packaging sectors, based on market conditions and demand. The convenience food and beverage sector relies heavily on efficient production processes to meet consumer demands, and conveyor belts provide this efficiency by automating material movement, ensuring hygiene, and boosting production capacity.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Product Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Bando Chemical Industries, Ltd., Bridgestone Corporation, Continental AG, Semperit AG Holding, Sumitomo Rubber Industries, Ltd., and The Yokohama Rubber Co., Ltd., among others.
Key questions addressed by the report.
Global Conveyor Belt Market Report Segment
By Product Type
By End-User
Global Conveyor Belt Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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