Global Aseptic Packaging Market will Procure $67.47 Bn By 2021
Deerfield Beach, FL -- (SBWIRE) -- 07/24/2017 -- Zion Market Research has published a new report titled "Aseptic Packaging (Bags & Pouches, Cartons, Vials & Ampoules, Pre-filled Syringes and Bottles & Cans) Market by Materials Used (Glass, Plastic, Paperboard and Metal) for Pharmaceutical, Food, Medical Applications, Beverages and other applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021". According to the report, global demand for aseptic packaging market was valued at over USD 38.25 billion in 2015, is expected to reach above USD 67.47 Billion in 2021 and is anticipated to grow at a CAGR of above 10.1% between 2016 and 2021.
Asia Pacific is considered to be the most prominent market for aseptic packaging owing to rising consumer preference for processed food. Factors such as growing beverage and dairy industry across India and China and increased spending capacity over fast and junk food contributes to the high growth of the market. The escalating pharmaceutical sector in U.S. is expected to show the sharp rise in aseptic packaging in North America. Europe is likely to witness faster growth in the estimated period due to stern rules led by European government over the packaging and high demand for packed food. Latin America is anticipated to show sustainable growth owing to expanding dairy industry in Brazil. The Middle East and Africa is projected to experience decent growth over the period due to change in lifestyle and increasing demand for processed and packed food.
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Aseptic packaging market can be defined as the packing the products into the sterile packs under the aseptic conditions and instantly sealing the products to prevent contamination. The product can be either sterilized or pre-sterile. Aseptic packaging is mainly used for juices, dessert, drugs, puddings, dairy products, chemicals etc. The air present inside the packs are removed completely using vacuum machines as air can cause oxidation reactions which can lead to the spoilage of food.
Dickinson & Company, Robert Bosch GmBH, Ecolean Packaging, Schott AG, Parish Manufacturing, Greatview Aseptic Packaging Co Ltd., Becton, Printpack, Tetra Laval, E.I. du Pont de Nemours and Company, Scholle Packaging, Amcor Limited and Reynolds Group Holdings among others are some of the key players in the aseptic packaging market.
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Aseptic packaging market is driven by expanding dairy industry in the Asia Pacific and Brazil. As dairy products are prone to spoilage, and posses low shelf life, highly aseptic environment is required to maintain. Growing demand from the pharmaceutical sector stimulates the growth of aseptic packaging market. Surging beverage industry in the developing countries results in increase demand for aseptic packaging triggers the demand for the market. However, high initial cost with low packaging equipment may impede the penetration of aseptic packaging market. Nonetheless, ongoing research for technological advancement and rising demand from the emerging economies is likely to open a new avenue for the aseptic packaging market in the near future.
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Based on the type the aseptic packaging market can be segmented as bags & pouches, cartons, vials & ampoules, pre-filled syringes and bottles & cans. Bottle, cans, bags and pouches are the leading type segment due to easy handling, and availability with consumer preference towards cans and pouches. For the packaging, various materials are utilized some of those are glass, plastic, paperboard and metal. Mainly plastic and paperboard are used for packing of food and beverages. Increasing environmental concern the use of plastics and paper are restricted in some regions. Growing use of aseptic packaging in various end-user industries is due to its numerous applications such as pharmaceutical, food, medical applications, beverages and other applications. Pharmaceutical is the dominating application segment owing to high aseptic conditions required for packaging of drugs and chemicals. Food and beverage emerged as the potential segment due to high demand for safe and healthy processed and packed food.
This report segments the aseptic packaging market as follows:
Type Segment Analysis: Bags & pouches, Cartons, Vials & ampoules, Pre-filled syringes, Bottles & cans
Material used Segment Analysis: Glass, Plastic, Paperboard, Metal
Application Segment Analysis: Pharmaceutical, Food, Medical applications, Beverages and Others
Regional Segment Analysis: North America(U.S.), Europe(UK, France, Germany), Asia-Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa
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