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Aseptic Packaging Market worth $62.46 Billion by 2020
The report “Aseptic Packaging Market by Type (Cartons, Bottles & Cans, Bags & Pouches, Vials & Ampoules, Pre-filled Syringes), Material (Plastic, Metal, Glass, Paperboard), Application (Food, Beverages, Pharmaceutical & Medical Applications & Others), & by Geography – Trends and Forecast to 2020” defines and segments the aseptic packaging market, along with the analyses and projections of the market size. It also identifies the driving and restraining factors for the aseptic packaging market with the analysis of trends and opportunities.
Browse 163 market tables and 64 figures spread through 223 pages and an in-depth TOC on “Aseptic Packaging Market by Type (Cartons, Bottles & Cans, Bags & Pouches, Vials & Ampoules, Pre-filled Syringes), Material (Plastic, Metal, Glass, Paperboard), Application (Food, Beverages, Pharmaceutical & Medical Applications & Others), & by Geography - Trends and Forecast to 2020”
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Application of aseptic packaging includes food, beverages, pharmaceutical & medical applications, and others. Growth in the dairy and pharmaceutical markets and demand for convenience and quality food are the key drivers of the aseptic packaging market.
Aseptic Packaging Market Size, 2014 ($Billion)
Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis
The global aseptic packaging market is projected to be valued at around $62.46 Billion by 2020, growing at a CAGR of 10.66% from 2015. Availability of improved equipment & technologies and emergence of the nutraceutical and self-administered drugs markets are projected to open new opportunities for aseptic packaging suppliers and manufacturers. The major restraining factor for the growth of this market is the high capital investment involved in starting an aseptic packaging manufacturing unit.
The leading players in the market include Robert Bosch GmbH (Germany), E.I. du Pont de Nemours and Company (U.S.), Tetra Laval International S.A. (Switzerland), Reynolds Group Holdings Limited (New Zealand), and Amcor Limited (Australia). The aseptic packaging market is a highly fragmented one, owing to the rise in demand for convenience food, pharmaceutical, and dairy products. Major companies rely on regional and local distributors in order to increase their share as well as geographical presence in the market. One of the major developments observed in the aseptic packaging market is expansions, investments & divestments. The requirements for aseptic packaging are continuously changing, making it essential for manufacturers to continually invest in R&D and come up with innovative solutions. Companies are adopting inorganic growth strategies, such as acquisitions to cope with the increasing demand for aseptic packaging in the key emerging markets. These strategies have aided companies to create a large customer and partner base in the main markets.
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