Aseptic Packaging Market Expected to Grow at a CAGR of 8% from 2018 to 2025
The aseptic packaging market was estimated at USD 40.63 billion in 2017, and is estimated to grow at a CAGR of over 8% from 2018 to 2025. Aseptic packaging involves ensuring and filling the sterile product into a sterile container. The developing countries in Asia-Pacific such as China and India comprise of more than one third of the world’s population, which is rapidly demanding for aseptically packaged food and beverages. This factor acts as a major growth driver for the global aseptic packaging market.
The aseptic packaging market is segmented on the basis of material, type, and application. There are four major material types such as - plastic, paper & paperboard, glass & wood, and metal. On the basis of type, the market is segmented as, cartons, bottles & cans, bags & pouches, and others. On the basis of applications, the market is segmented as, food, beverages, pharmaceuticals, and others.
On the basis of material, plastic is estimated to hold the largest share, owing to the excellent visibility offered by the material. In addition, plastic material also provides safe and attractive packaging options.
The cartons segment is estimated to account for the largest share in the global aseptic packaging market. The growing demand and consumption for food and dairy products acts as a key growth driver for the cartons segment. Cartons are used in the packaging of various beverages such as, fruit juices, milk, soups, sauces, and syrups. The increasing urban population and growing demand for pharmaceutical supplies is expected to drive the growth in the market. While companies are favorable towards aseptic packaging, the high capital investment and the need for technological understanding is expected to hinder participation in the segment.
View Report @ https://convergedmarkets.com/aseptic-packaging-market-by-material-plasti...
Asia-Pacific is estimated to be the fastest growing region owing to the growing demand for aseptic packaging in the developing countries, such as China and India. In addition, people are shifting towards healthy and safe packaged food due to the growing urbanization and increasing disposable income. This in turn supports the growth of the aseptic packaging market in the region.
The key players in the aseptic packaging market include, Amcor Limited, Bemis Company, Tetra Laval International, Becton, Dickinson and Company, Robert Bosch, DS Smith and Greatview Aseptic Packaging.
Some of the recent developments by key players in the aseptic packaging market are as follows:
In December 2016, Amcor Limited launched a series of clear polyethylene terephthalate (PET) bottles. The range is available in round, hourglass, and square shapes, and come in four sizes (12oz, 16oz, 32oz and 64oz) three filling types, cold fill for dairy and juice, aseptic for dairy and juice.