Global Aseptic Packaging Market was valued at US$ 39.63 Bn in 2017 and is expected to reach US 90.67 Bn by 2026, at a CAGR of 10.90 % during a forecast period.
Global Aseptic Packaging Market
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding aseptic packaging market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in aseptic packaging market.
The aseptic packaging is a process by which a product is packaged in sterile container in a manner that maintains sterility of the product. The key trend is technological advancement in the field of aseptic packaging. The aseptic packaging market is driven by increase in urban population, shift in consumer preference against the use of food preservatives, growth of the beverage market, growth in demand for convenience and quality food products. Though, the key restrains are the high initial capital investment involved, and need for greater technological understanding than required for other packaging forms. Moreover, the key opportunities for the market emergence of new product developments and electronic logistics processing. Additionally, variations in environmental mandates across regions and cost-to-benefit ratio a concern to small manufacturers are challenging the market growth.
Based on Type the cartons segment holds the highest market in 2017, to dominate the market through the forecast period. Due to growing consumption of food and beverages products, the cartons which are made of polyethylene, resin, aluminum foil, and paperboard. Cartons enhance the quality the product and increase its shelf life.
Based on application, the beverage sector is expected to grow at the highest rate due to the rising demand for milk and dairy products packaging as it offers product protection and extends the shelf life of the product. Aseptic packaging for food & beverage products reduces the usage of preservatives in the market.
Geographically, APAC dominated the aseptic packaging market in 2017. The region is growing in packaging production with increasing per capita disposable revenue. Growing awareness between Food regarding packaging benefits among others segment may promote regional growth during the forecast period. APAC and North America will continue to be the largest markets followed by Europe for Aseptic Packaging. The Asia Pacific is a strategic location for aseptic packaging producer, as global economic slowdown has stimulate numerous established manufacturers to expand their manufacturing facilities in the region and, thus, increase their sales.
The Scope of Global Aseptic Packaging Market:
Global Aseptic Packaging Market, by Type:
- Cartons
- Bags & pouches
- Bottles & cans
- Others
Global Aseptic Packaging Market, by Material:
- Plastic
- Paper & paperboard
- Metal
- Glass & wood
Global Aseptic Packaging Market, by Application:
- Food
- Beverage
- Pharmaceuticals
- Others
Global Aseptic Packaging Market, by Region:
- North America
- Europe
- Middle East & Africa
- Asia Pacific
- South America
Key Players Operating in Global Aseptic Packaging Market:
- Tetra Laval International S.A.
- Robert Bosch GmbH
- Amcor Limited
- Bemis Company, Inc.
- E.I. du Pont de Nemours and Company
- Reynolds Group Holding Limited
- DS Smith
- Becton Dickinson and Company
- Industria Machine Automatiche S.P.A
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