San Francisco, 02 January 2019, Aseptic Packaging Market Analysis By Product
(Cartons, Bottles, Bags & Pouches, Prefilled Syringes, Vials &
Ampoules), By Application (Food, Beverage, Pharmaceuticals) And Segment
Forecasts To 2024 .
The global aseptic packaging market is expected to reach USD
85.47 billion by 2024, according to a new report by Grand View Research, Inc.
Aseptic packaging allows the end –users to meet the consumer demand for sterile
and safe food and pharmaceutical products. The technology offers extended shelf
stability at ambient temperature, which eliminates the need for refrigeration.
As a result, aseptic packaging is expected to witness high demand from the
foodservice entities and retailers.
The aseptic packaging
manufacturers supply their product either in the form of rolls or blanks. The
roll-fed filling technique dominates the market and has been adopted by the
major manufacturers such as Tetra Pack. Whereas, companies such as Elopak and
SIG have adopted the blank filled systems. These two technologies are not
interchangeable since the process and equipment associated with these two
methods are different. As a result, buyers are unable to switch from one
process to other. High capital investment is likely to be a key restraining
factor for the industry.
Investment, Divestment,
capacity expansion and new product development are the key strategies adopted
by the major players in order to strengthen their position in the market. The
industry players are likely to invest more on R&D and innovation owing to
continuously changing demand from end-users in terms of product quality,
performance, and appearance. The major manufacturers are likely to adopt
acquisition strategies in order to meet the rising consumer demand and cope
with the new technologies.
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Market Analysis:
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Further key findings from the report suggest:
·
The food was the key
application segment for the industry and is expected to grow at a CAGR of over
11% over the next eight years. The process is carried out at lower temperatures.
Thus the texture, appearance, flavor and nutritional value of the products
remains unaffected. In addition, light weight and recyclability offered by
aseptic packaging are expected to have a positive impact on the industry growth
over the forecast period.
·
Prefilled syringes demand in
the industry was valued over 4.5 billion in 2015 and is expected to grow at a
CAGR of over 11% from 2016 to 2024. Advances in biotechnology and rising demand
for biologics is anticipated to drive demand over the eight years. The
technology offers safety against drug degradation and contaminants.
Furthermore, it eliminates the need for refrigeration and thus lowering the
cost associated with the maintenance of the product.
·
Asia Pacific is expected to be
the fastest growing market owing to rapid growth of food and beverage packaging
sector in the region. China was the largest market for aseptic packaging in
Asia Pacific and accounted for over 50% of the regional demand in 2015.
Increasing consumer disposable income and changing dietary habits in countries
such as India, China, Japan, and Korea are expected to raise demand for
packaged ready-to-eat meals, frozen meat, and juices, which is anticipated to
have a positive impact on the industry growth over the projected period.
·
The key players in the industry
are The key players in the market include Robert Bosch GmbH, Tetra Pak
International S.A., Greatview Aseptic Packaging Co., Ltd., Schott AG, SIG
Combiboc Obeikan, Reynolds Group Holdings Limited, and Agropur Inc.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has segmented the
aseptic packaging market on the basis of product, application and region:
Aseptic Packaging Market
Product Outlook (Revenue, USD Million, 2013 - 2024)
·
Cartons
·
Bottles
·
Bags & pouches
·
Prefilled syringes
·
Vials & ampoules
·
Others
Aseptic Packaging Market
Application Outlook (Revenue, USD Million, 2013 - 2024)
·
Food
·
Beverages
·
Pharmaceuticals
·
Others
Aseptic Packaging Regional
Outlook (Revenue, USD Million, 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
·
Middle East & Africa
o
South Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
