Knowledge Sourcing Intelligence announces the publication of a new report on “Aseptic Packaging Market - Forecasts from 2020 to 2025” to their offering.
A stratospheric growth in the end-use industries like that of pharmaceuticals, food, and beverage due to continuous s innovation in these fields as well expanding APAC regions are a few of the factors, which are expected to drive the growth of this market.
As per the report, the market pertaining to the Aseptic Packaging Market is expected to reach US$ 85.610 billion by 2025, from US$ 50.019 billion in 2019.
Aseptic packaging is processing wherein the sterilization of contents is carried out separately from the packaging thereafter packaged in the respective container in an aseptic condition which is executed in high temperatures. The increasing demand for packaged foods Viz. ready-to-eat meals cake mixes, dairy products, frozen meals, ready-to-eat meals, snack foods, among others are expected to catapult the aseptic packaging market to a new echelon during the next few years. Additionally, the increasing rate of urbanization, especially in the APAC region and certain Latin American countries where consumers have transitioned to an on-the-go snacking consumption pattern as well, are increasingly shifting away from their traditional diets to more exotic dietary habits which are creating a demand for a variety of food and beverage innovations and consequent launched necessitating the need for this sort of packaging. Further, the untapped concomitantly potential markets are receiving an increasing amount of foreign direct investment that is facilitating an efficient response to this growing demand by empowering the aspects which are constituent of the supply-side ecosystem. The demand is augmented with the increased availability of disposable income.
Furthermore, the growing awareness of concerns regarding the environments due to the negative externalities of single-use plastic use resulting environmental pollutions and worsening the already abysmal situation which ecology has been subjected to is setting various government initiatives in motion which are resulting in the institutionalizing of policies that are enticing various market players to invest in research and development, product innovation and leading to a swifter adopt eco-friendly methods of packaging. On the other hand, consumers have increasingly become health conscious and are leaving no stones unturned to keep them abreast of the variety effect that packaging has on their health. Further, the consumers are also in search of certain reflection of their values which when resonated by the players of tr market, it adds to the competitive advantage thus creating ample room for aseptic packaging market growth is concerned. The aforesaid has been evidenced by a recent development in March 2020, where the Republic of Indonesia’s National Agency of Drug and Food Control awarded SoGoodFood, a food and beverage manufacturer, a Class A certificate in the Aseptic category due to the Flavoured UHT milk drinks that are packaged in lightweight packages produce by ECOLEAN AB, which is renowned for developing and manufacturing lightweight packaging and filling machines, intended for the liquid food industry.
From the perspective of products, it is important to note that the segment of aseptic cartons is expected to experience a high market share due to expanding beverage and dairy industries which are foraying into lucrative markets to respond to the nutritional requirement of the growing population and perceptibly changing consumers’’ dietary habits. Additionally due to a myriad of technological advancements ampoules and vials that are sterilized for pharmaceutical end users are also expected to push the growth of the market share of the aforesaid, necessitated by the growing demand of safe transportation of medical specimens, drugs and reactive liquids in the absence of refrigeration is expected to make way for new growth opportunities. Another factor that is poised to drive the growth of the market is the increasing launch of personal care products that are integrating new ingredients and shifting away from the chemical-based ingredients as well as the rising inclination of purchasing from online channels.
This market is highly consolidated and is dominated by a few major players whereby the entry of new players is expected to experience intense competition from the MNCs. Further the availability and viability of alternative process Viz. ESL, hot fill technology, pasteurization compared to the high initial cost of aseptic packaging are expected to act as restraints dampening the market growth to a certain extent. However, the benefits of comparative prolonged shelf life and assurance of food safety are the prime factors that will contribute to the competitive advantage of the technology during the next few years.
As a part of the report, the major players operating in the aseptic packaging market, which have been covered are Reynolds Group, Ball Corporation, Tetra Laval, Amcor, Ecolean AB, Tetra Laval International S.A, Sealed Air Corporation, Jet Technologies, SIG Combibloc Group Holdings S.À R.L., Scholle IPN, DS Smith, and SCHOTT.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/aseptic-packaging-market
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