The Australian aseptic packaging market is evaluated at US$970.369 million for the year 2019 and is projected to grow at a CAGR of 9.39% to reach the market size of US$1,818.347 million by the year 2026.
Aseptic packaging is a process in which sterilized products are packed into already sterilized containers to improve the shelf life of products without the use of any preservatives. There is a rising demand for clean label products in Australia and the number of consumers who prefer preservative-free products has witnessed a surge over the years, which is one of the prominent factors anticipated to bolster the growth of the aseptic packaging market in Australia during the forecast period. Also, the increased demand for products with higher shelf-life is prompting the consumers and the companies to the adoption of aseptic packaging products, which is anticipated to propel the growth of Australian aseptic packaging market during the forecast period. However, the high initial cost involved in setting up aseptic packaging equipment is anticipated to hinder the Australian aseptic packaging market growth during the forecast period.
The recent outbreak of the novel coronavirus disease had a positive impact on the Australian aseptic packaging market. The pandemic led to a lockdown and the government of Australia implemented strict COVID-19 measures to curb the spread of the virus. There was a huge surge in the growth of the medical and pharmaceuticals industry, and the use of aseptic packaging in the healthcare industry increased due to its antibacterial and antiviral properties. Also, the use of aseptic packaging in the food and beverages industry surged during the pandemic in Australia. With the increase in food safety and hygiene concerns, the demand for products with aseptic packaging saw a rise. Although demand for the aseptic packaging market is expected to decrease in the post-pandemic period, there will still be considerable demand for the aseptic packaging in the post-pandemic period owing to the increased concerns for food safety and hygiene that the pandemic brought in.
Rising demand for clean label products and increased awareness for harmful impacts of preservatives.
One of the major factors which are anticipated to drive the aseptic packaging market growth in Australia is the increasing trend of consumption of clean label products in Australia, as there is a gradual shift of the consumers towards additive-free and preservative-free foods and beverages. This is the reason why the Australian companies are now coming up with more clean label products and with the trend of clean label and preservative-free food, there is increased demand for aseptic packaging as it does not require preservatives, and is anticipated to surge the growth of aseptic packaging market in Australia. More and more consumers are now making their purchasing decisions based on the ingredients present in the food and beverage they consume. Ingredion, the multinational ingredients provider company, stated in its global consumer research conducted in March 2015 that on-pack claims relating to ‘no additives/preservatives or ‘no artificial ingredients’ are quite or very important to over 60% of the Australian respondents. The population of Australia is now more aware of the ill-effects of harmful preservatives on their health and hence are becoming increasingly choosy while purchasing items and are turning towards foods with aseptic packaging for the same reason. This trend is expected to continue to grow bigger in the coming years and hence is anticipated to bolster the growth of aseptic market growth in Australia in the coming years. Also, the increasing regulations for the control of the use of preservatives by the Australian government are prompting the companies to adopt aseptic packaging which is also one of the factors anticipated to drive the growth of Australian aseptic packaging market during the forecast period.
The rise in demand for products with a higher shelf life.
According to Australian Institute of Packaging, there is increased demand for higher shelf-life products from consumers and brand owners in Australia. This has prompted the manufacturers to look for various new and innovative packaging options and has led to increased adoption of aseptic packaging by the companies in Australia. For instance, HBM Packaging Technologies in Australia uses aseptic bottling and associated UHT sterilizing equipment for dairy packaging to increase the shelf-life. The demand for higher shelf-life is expected to continue in the future and is anticipated to surge the growth of the aseptic packaging market in Australia during the forecasting period.
In February 2020, Bickford’s Australia, one of the oldest and valued Australian beverage brands, adopted Sidel’s aseptic technology and opted for aseptic PET bottling with dry preform sterilization, handling both sensitive beverages and carbonated soft drinks (CSD).
In November 2019, SIG signed an agreement to acquire Visy Cartons Pty Ltd from VisyPak Operations Pty Ltd, a subsidiary of Pratt Consolidated Holdings Pty Ltd, for AU$70 million.
Prominent/major key market players in the Australian aseptic packaging market include Amcor Limited, Ecolean AB, Tetra Laval International S.A, among others. The players in the Australian aseptic packaging market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the Australian aseptic packaging market.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Australia Aseptic Packaging Market Analysis, by Packaging Material
6. Australia Aseptic Packaging Market Analysis, by Product Type
6.3. Cartons and Boxes
6.4. Bags and Pouches
7. Australia Aseptic Packaging Market Analysis, by Application
7.2. Food Packaging
7.3. Beverage Packaging
7.4. Pharmaceutical & Healthcare Packaging
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Amcor Limited
9.2. Ecolean AB
9.3. Tetra Laval International S.A
9.4. Sealed Air Corporation
9.5. Jet Technologies
9.6. SIG Combibloc Group Holdings S.À R.L.
Tetra Laval International S.A
Sealed Air Corporation
SIG Combibloc Group Holdings S.À R.L.
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