European Artificial Casing Market Worth 1.15 Billion USD by 2023Published On: August 7, 2018
Meticulous Research® –leading global market research company published a research report titled “European Artificial Casing Market by Type (Collagen Casing, Cellulose Casing, Plastic Casing, Fibrous Casing, Value Added Casing, Textile Casing, Net Casing)- Opportunity Analysis and Industry Forecast to 2023”.
According to this latest publication from Meticulous Research®, the European artificial casings market is expected to grow at a CAGR of 4.7% from 2018 to 2023 to reach USD 1,159.7 million by 2023, driven by factors such as increase in the population and subsequent rise in the meat consumption and production, increasing sausage manufacturers’ focus on productivity and costs reduction, growing acquisitions from leading players, increasing preference to artificial casings by sausage manufacturers, casings manufacturers’ shift from natural casings to artificial casings due to operational challenges, and rising number of food restaurant chains.
Browse in-depth Report on https://www.meticulousresearch.com/product/european-artificial-casings-market/
The artificial casings market study presents historical market data in terms of value (2016 and 2017), estimated current data (2018), and forecasts for 2023 by type (collagen casing, cellulose casing, plastic casing, fibrous casing, value-added casing, textile casing, and net casing). The study also evaluates industry competitors and analyzes the market at country level.
Collagen casing commanded the major share of the European artificial casings market in 2017. The large adoption of these casings is mainly attributed to factors such as low cost of producing sausages in collagen; their standard diameter, strength, and long lengths; and growing acquisitions from leading players to improve the product portfolio of collagen casings. Also, growth in the population, especially in the urban areas, which has increased the sausage consumption; and technological advancements in the manufacturing of artificial casings further support the dominance of collagen casings in this market.
This research report analyzes major geographies and provides a comprehensive analysis of Europe (Germany, U.K., France, Italy, Spain, Poland, The Netherlands, Russia, and RoE). Germany acquired a significant share in 2017, owing to the growing production and consumption of processed meat products, large number of artificial casings as well as sausages manufacturers, and growing population. Russia is expected to register the highest CAGR during the forecast period, mainly attributed to rising per capita meat consumption and growing economy of the country.
The artificial casing market is highly competitive and fragmented with presence of some large well-established manufacturers and several small and emerging vendors. Some of the key players contributing to the growth of European artificial casing market include Viscofan SA (Spain), Devro PLC (U.K.), Selo (The Netherlands), Shenguan Holdings (Group) Limited (China), DAT-Schaub Group (Denmark), ViskoTeepak (Finland), FIBRAN, S.A. (Spain), Viskase Companies, Inc. (U.S.), Innovia Films Limited (U.K.), Colpak (South Africa), Nippi, Inc. (Japan), FABIOS S.A. (Poland), Nitta Casings Inc. (U.S.), Kalle GmbH (Germany), Oversea Casing Company LLC. (U.S.), Biostar Group (Russia), and De Wied International Inc. (U.S.) among others.
Key questions answered in the report-
- Which are the high growth market segments in terms of type and regions/countries?
- What is the historical market for artificial casings across the Europe?
- What are the market forecasts and estimates from the period 2016-2023?
- What are the major drivers, restrains, opportunities, and challenges in the European artificial casings market?
- Who are the major players in the European artificial casings market and what share of the market do they hold?
- Who are the major players in various countries and what share of the market do they hold?
- What are the competitive landscapes and who are the market leaders by sub-region in the European artificial casings market?
- What are the recent developments in the European artificial casings market?
- What are the different strategies adopted by the major players in the European artificial casings market?
- What are the geographical trends and high growth regions/ countries?
- Who are the local emerging players in the European artificial casings market and how do they compete with the global players?
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