Global Aseptic Packaging Market Size to Reach $74.5 billion by 2026 | CAGR 9.5%
Aseptic Packaging is a concentrated process in which food, pharmaceutical or other contents are sterilized separately from packaging. This process is used for various food products and beverages such as milk, tomatoes, pudding, soup and so on. Aseptic Packaging Market has gained a huge popularity in past few years. The global aseptic packaging market is projected to grow from $35.7 billion in 2018 to $74.5 billion by 2026, at a compound annual growth rate (CAGR) of 9.5% during the forecast period of 2019-2026.
Global aseptic packaging market is segmented based on type, material, application and region:
- Based on type, the aseptic packaging market is segmented on the basis of cartons, bags, pouches, bottles, cans, ampoules and others.
- Based on material, the aseptic packaging market is segmented on the basis of plastic, paper, paperboard, metal, glass and wood.
- Based on application, the aseptic packaging market is segmented on the basis of food, beverages, pharmaceutical and others.
- Based on geographic region, the aseptic packaging market is segmented on the basis of North America, Europe, Asia-Pacific, South America, Middle East and Africa.
Dynamics of Global Aseptic Packaging Market
Global Aseptic Packaging Market witnessed a high growth in past few years due to growing demand for convenience food products with long shelf life which are either free of bacterial contamination or can delay it. Rise in demand for ‘ready-to-eat’ food products has a positive impact on aseptic packaging market. Now-a-days, aseptic packaging is gaining awareness among people which proliferate the growth of its market. However, extensive knowledge and expertise are required to set up a plant for packaging product aseptically which required huge cost is the major hinderance in the growth of Aseptic Packaging Market.
Major market players included in research study of Global Aseptic Packaging Market
E.I. du Pont de Nemours and Company (US), Robert Bosch GmbH (Germany), Tetra Laval International S.A. (Switzerland), Reynolds Group Holdings Limited (New Zealand), Amcor Limited (Australia), Becton, Dickinson and Company (US), Bemis Company, Inc. (US), Greatview Aseptic Packaging Co., Ltd. (China), IMA S.P.A (Italy) and Schott AG (Germany) are some major players included in the research study of the global aseptic packaging market.
Snapshot of investments done in the Global Aseptic Packaging Market are:
Bemis company acquired Emplal Participações S.A. (Brazil), a manufacturer of rigid plastics for food and consumption application in 2015 which enhanced company’s position and strengthen its product portfolio in South America. In 2016, Amcor acquired Detmold Flexibles in Australia for $500 million. Bosch packaging technology established a regional service hub for South America in Sao Paulo (Brazil) in 2015 to provides a support for food, pharmaceutical and other processing equipment. Tetra pak announced an investment of $25.3 million to establish a plant for packaging closure in Southeast Asia. Dupont announced to increase its ethylene copolymer assets at its Texas manufacturing facilities to meet the growing market demand.
The global aseptic packaging market has seen a dramatic growth due to increase in awareness of aseptic packaging among its consumer in recent years. Aseptic packaging has become a strong substitute to canning. However, there is a requirement for high initial investment for material and packaging machinery that are specifically require for this process in the global aseptic packaging market.
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