Published: Jan, 2018
The global aseptic packaging market is predicted to exhibit a healthy growth trajectory in the forthcoming years, as reported by Transparency Market Research (TMR). According to the report, the market is expected to be highly consolidated. The high level of competition between existing players is predicted to deter new vendors from entering the industry. However, utilizing the strategy of offering cost effective products is expected to be a popular strategy for breaking into the market. Some of the key vendors of the worldwide aseptic packaging market are ELOPAK Group, Molopak, Sealed Air Corporation, Greatview Aseptic Packaging Co., Ltd. and SIG Combibloc Group AG.
According to the report, the worldwide aseptic packaging market was valued to hold US$34.42 bn in the year 2015. It is expected to exhibit a 9.9% CAGR between 2016 and 2024, rising to a value of US$80.49 bn by the end of the forecast period.
Demand from Medical Consumables Lead to Emergence of Pharmaceutical Segment
Based on application, the pharmaceutical business emerged as the most lucrative for the worldwide aseptic packaging market, representing a share of about 36% in the year 2015. Interest for an assortment of aseptic packaging items is predicted to ascend at a steady pace in the following couple of years also, determined mainly by the rising utilization of medicinal consumables over the globe. The interest for aseptic packaging is expected to remain the dominant in the Asia Pacific pharmaceutical industry over the anticipating skyline.
The dairy business is second-biggest income supporter of the worldwide aseptic packaging market and is anticipated to display consistent ascent in the utilization of a number of aseptic packaging applications. However, the beverages industry is foretold to rise as a highly in-demand end-utility segment of the worldwide aseptic packaging market in the coming years. The high engaging quality of this segment is on account of the rising demand of beverages and packaged drinks worldwide.
Food and Dairy Items Offer Lucrative Growth Opportunity
The surge in awareness of the advantages of aseptic packaging and its ability of keeping food items with safe, without the need for additives to guarantee life span and managed quality is boosting the use of aseptic packaging. The rising worldwide utilization of packed food and ready-to-eat snacks is likewise surging the interest for aseptic packaging in these businesses. In the following couple of years, prepared to-eat and packaged foods are relied upon to be the leading choice of food products for the urban population, particularly in rising economies. The pattern will significantly upgrade the general development chances of the worldwide aseptic packaging market.
The global market for aseptic packaging will also witness opportunities in aseptic packaging items, for instance, PET products. Studies have shown that assembling and transfer of aseptic packaging products releases potentially harmful discharges that could be unsafe for the earth. Their assembling additionally expends lesser fossil assets when contrasted with glass containers and PET products. These factors are expected to significantly affect the future scope of the worldwide aseptic packaging market.
The data and information presented in this review are based on a TMR report titled, “Aseptic Packaging Market (Product - Bottles (Glass, Plastic), Cartons, Vials, Prefilled Syringes & Ampoules, Bags & Pouches; End-user - Food, Dairy, Beverages, Pharmaceutical) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
For this study, the market has been segmented as follows:
Aseptic Packaging Market - Product Analysis
- Bottles (Glass, Plastic)
- Vials, Prefilled Syringes & Ampoules
- Bags & Pouches
- Others (Cups)
Aseptic Packaging Market - End-user Analysis
- Others (Personal Care, etc.)
Aseptic Packaging Market - Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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