Market Research Report
Global Aseptic Packaging Market - Technologies, Market share and Industry Forecast to 2024
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||630098|
|Published||Content info||190 Pages
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|Global Aseptic Packaging Market - Technologies, Market share and Industry Forecast to 2024|
|Published: April 18, 2018||Content info: 190 Pages||
The aseptic packaging is a kind of process by which an aseptic product is packaged in sterile container in a manner that maintains sterility of the product. The key trend for the aseptic packaging market is technological advancement in the field of aseptic packaging. The aseptic packaging market is mainly driven by increase in urban population, shift in consumer preference against the use of food preservatives, growth of the dairy beverage market, growth in demand for convenience and quality food products. However, 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. Furthermore, variations in environmental mandates across regions and cost-to-benefit ratio a concern to small manufacturers are challenging the market growth.
Geographically, North America dominates the global aseptic packaging market due to rising awareness for eco-friendly packages. Moreover, Asia-Pacific is expected to be the fastest growing region during the forecasted period of 2017-2024. Factors that are responsible for the growth in this region are innovative packaging and technological advancements which resulted in future opportunities for aseptic packaging. Further, China is the key distributor and has a dominating position in the global market for aseptic packaging.
Global aseptic packaging market report covers segmentation by its type, material and applications. Based on type segment classified into cartoons, bottles and cans, bags and pouches, vials & ampoules and other types. However, material segment is classified into paper and paperboard, plastics, metal, and glass & wood. On the basis of application the market is classified into food &beverages, pharmaceutical and other applications of which food & beverages leads the aseptic packaging market and it is estimated to grow at the highest CAGR during the forecast period due to different dairy items that requires aseptic packaging and packaging in matured dairy items, UHT milk creams, enhanced and figured dairy items, concentrated and consolidated milk and other dairy items.
The growth aseptic packaging market is also influenced by the presence of major players such as Robert Bosch GMBH (Germany), Tetra Pak International S.A. (Switzerland), SPX FLOW Inc (United States), Becton, Dickinson & Co (United States) and GEA Group (Germany). These companies use various strategies such as expansion, merger & acquisitions, collaboration, partnership and product launch to hold large market share