The expanding food industry and the increasing food production are resulting in the increasing demand for elements such as the food grade & agricultural rubber conveyor belt for easy transportation and placement of food products in the food factories. A rubber conveyor belt is increasingly utilized for this purpose. Made from two material types including natural and synthetic rubber, the agricultural & food grade rubber conveyor belt is gaining immense significance over time. Owing to this, the global agricultural & food grade rubber conveyor belt market is expected to grow substantially over time and is expected to be valued at approximately US $2.89 billion, registering a moderate growth rate by 2019-end, as per a recently released market intelligence report by Future Market Insights.
Growing Adoption for Conveying Food Grains and Cereals to Create Profitable Opportunities
Backed by immense regulations pertaining to the evaluation of chemicals substances such as rubber conveyor belts in the food sector are increasingly influencing the overall agricultural & food grade rubber conveyor belt landscape. Agricultural & food grade rubber conveyor belt is being utilized in the various end-uses including vegetables, salt, nuts, fruits, sugar, food grains/cereals, olives/grapes, beet, sugar, others. Amongst these, there is an increasing adoption of agricultural & food grade rubber conveyor belt for conveying, moving and elevating food grains or cereals. Owing to this scenario, it is estimated in a recent market research study presented by Future Market Insights, that the food grains and cereals are expected to hold the largest market share.
Prominent competitors in the agricultural & food grade rubber conveyor belt landscape are eyeing on the opportunities reflected by this avenue for gain a competitive edge over other agricultural & food grade rubber conveyor belt manufacturers with the help for strategic changes. Continental AG, for instance, the leading agricultural & food grade rubber conveyor belt manufacturer entered into a new agreement with Maxi-Lift, an elevator buckets and related conveying components manufacturer for agricultural and industrial sectors. With this agreement, Maxi-Lift aims to stock Pathfinder Plus, its agricultural conveyor belt line. In addition to this, the company would also carry the PVGE belt and the Champion Grain Handler Supreme rubber belting by Continental AG.
Synthetic Rubber to Remain a Preferred Material for Agricultural & Food Grade Rubber Conveyor Belt Manufacturing
Synthetic rubber has gained more popularity over natural rubber for agricultural & food grade rubber conveyor belt production owing to which is estimated to hold a value of nearly US $1.8 million in 2019. It is further anticipated that this growing preference is further fostered by the burgeoning global synthetic rubber production, especially in the SEA region.
For instance, a synthetic rubber factory was commissioned in Indonesia. The factory of PT Synthetic Rubber Indonesia (SRI) would increase the added value of styrene and butadiene monomer that are already produced in Indonesia and the process would use an environmentally-friendly technology to produce synthetic rubber which is used to produce conveyor belts, tires, rubber components, footwear, and other such products.
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