January 08, 2020
According to the research report titled ‘Aseptic Packaging Market Size By Product (Bottles, Cartons, Vials & Prefilled Syringes & Ampoules, Bags & Pouches), By End-user Industry (Food, Dairy, Beverage, Pharmaceutical), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, South Korea, Brazil, Argentina, Mexico, Saudi Arabia, UAE, Kuwait, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024’, available with Market Study Report LLC, the global aseptic packaging market is expected to cross USD 70 billion by the year 2024.
According to the report, growing demand for diary and pharmaceutical products is a major factor driving the aseptic packaging market growth. Aseptic packaging processes are widely used in diary and food & beverage industry. Surging need for fresh and processed dairy products is also aiding the expansion of the market.
Plastic is the primary raw material used in aseptic packaging processes and thus, increasing awareness pertaining to environment conservation in tandem with global measures to reduce plastic usage are hindering the market growth. Moreover, strict government reforms regarding usage of plastic has compelled various countries to look for alternatives of polystyrene products which in turn is hampering the growth of the market.
As per product type, the report cites that aseptic bags & pouches segment will register substantial growth during the estimated timeframe. Aseptic bags are manufactured using polyethylene by cutting, vacuum packaging, and sterilizing in a clean environment. These bags offer temperature resistance, chemical stability, sterility, and non-toxicity properties.
In terms of end-user landscape, aseptic packaging market is fragmented into food, dairy, beverages, pharmaceutical, and others. These packages are used in products such as fruits & vegetables, desserts, sauces, fisheries, meat, and puddings among others. Growing population and rapid urbanization has amplified global sale of packaged food items which in turn has positively impacted the industry outlook.
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As per the regional landscape, the report cites that Asia-Pacific will hold the biggest share of aseptic packaging market over the analysis period. Plentifulness of key industry players as well as low production and labor costs in the region are fueling the growth of the market. Meanwhile, Latin America packaging industry is expected to expand significantly over the study period, owing to improving economy and growing edible oil and diary industries.
Printpack Inc., IPI SRL, Agropur Cooperative, Goglio S.p.A., Sealed Air Corporation, Ecolean AB, Lamican International Oy, Scholle IPN, Krones AG, Tetra Laval International S.A., E.I Du Pont De Numerous & Co. and Amcor Ltd are the prominent companies operating in the aseptic packaging market.
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