With a compound annual growth rate (CAGR) of 5% from 2022 to 2032, the market for agricultural food grade rubber conveyor belts will bring in US$ 5,506,59 million by that time. Starting with a value of US$ 3,380.57 million in 2022, the market is anticipated to exhibit moderate growth during the forecast period.

Numerous end-use industries, including harvesting equipment, processing equipment, material handling packaging equipment, among others, are seeing an increase in demand for these belts. The market growth of agricultural food-grade rubber conveyor belts will also be influenced by the surge in demand for synthetic rubber conveyor belts.

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An upsurge in consumer demand for packaged food and drinks is encouraging enterprises to bolster their production efficiency. Automating their manufacturing process is the best way to achieve this efficiency. Thus, the food and beverage industry is fueling the demand for food-grade rubber conveyor belts.

Some of the applications of agricultural food grade rubber conveyor belts include dairy product packaging, beverage packaging, and ready-to-eat and ready-to-mix food packaging. Increasing use of agricultural food grade rubber conveyor belts for the aforementioned purposes drives the growth of the market. Furthermore, as conveyor belt systems work more with greater efficacy with automated assembly lines, there’s been a notable surge in the adoption of automated production lines across various industries in developed and developing nations. This is expected to boost the demand for agricultural food grade rubber conveyor belts in the upcoming years.

Increasing investments in construction, food and beverage sectors as well as growing concerns over the environmental impact of mining activities are factors that further aid the growth of the agricultural food grade rubber conveyor belts market. Continued development in the power generation industry, reduced prices of rubber conveyor belts, and greater transportability to longer distances are certain considerations that also foster an environment of growth for the agricultural food grade rubber conveyor belts market. Additionally, emerging economies, including China, India, Brazil, and Mexico, are driving the growth of the agricultural and food-grade rubber conveyor belt market. However, high initial investments and regular repair and maintenance costs may dampen the growth of the food grade rubber conveyor belt market.

Key Takeaways:

  • Technical advancements along with a growing awareness of the importance of food production safety, sustainability, transportation, and logistics are factors that will strengthen the prospects for the agricultural food grade rubber conveyor belts market.
  • Based on product type, the standard black rubber conveyor and elevator belt segment will continue to dominate the market.
  • By material type, the synthetic rubber segment will be a preferred choice and offer an additional value of US$ 630.5 million.
  • North America will emerge as the largest market for agricultural food grade rubber conveyor belts due to heightened demand from various end users.
  • It is estimated that Asia Pacific will arise as the fourth largest market for agricultural food grade rubber conveyor belts.

More Insights Into Agricultural Food Grade Rubber Conveyor Belt Market

FMI's most recent report presents an impartial assessment of the worldwide agricultural food grade rubber conveyor belt market, incorporating historical data from 2017 to 2021 and projected figures from 2022 to 2032. The report provides a comprehensive analysis of the market's sales forecast for the next ten years, as well as an overview of market drivers, restraints, trends, and opportunities. The report divides the market into several segments based on product type, material type, end-use, application, and region, in order to comprehend the global market potential, growth, and scope.

According to FMI, based on segmentation, the synthetic rubber segment will lead the market. This segment’s growth can be attributed to its exceptional resistance to abrasion, heat, and moisture, which outperforms natural rubber. In terms of product type, the standard black rubber conveyor and elevator belt segment will be in high demand. In 2022, this category was valued at US$ 2,374.13 million. Based on region, the agricultural food-grade rubber conveyor belt market in North America will exhibit robust growth.

The target market in this region will emerge as the largest in the global marketplace. This is due to escalating demand for agricultural food-grade rubber conveyor belts from various end-use industrial verticals. The US, Canada, and Mexico also aid the market growth in this region. Europe and Asia Pacific will also present notable growth in this market and thereby contribute to the global growth of the agricultural food-grade rubber conveyor belt market.

Key Segments

By Product Type:

  • White food-grade rubber conveyor elevator belt
  • Green food-grade rubber conveyor elevator belt
  • Standard black rubber conveyor elevator belt

By Material Type:

  • Natural rubber
  • Synthetic rubber

By Application:

  • Harvesting equipment
  • Processing equipment
  • Material handling packaging equipment
  • Bottling equipment

By End-use:

  • Vegetables
  • Fruits
  • Sugar
  • Food Grains/Cereals
  • Salt
  • Olives/Grapes
  • Sugar Beet
  • Nuts
  • Others (Peppers, Wood Chips/Forestry, etc.)

By Region:

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia Pacific
  • Latin America
  • Middle East and Africa