Aseptic Packaging Market 2021: Latest Innovations Industry Revenue and Forecast
Aseptic packaging is a special manufacturing process in which the contents are sterilized separately from the packaging to eliminate the chances of microbial infection. It uses extremely high temperatures to maintain the fresh nature of the content. The huge consumption of beverages and processed foods can warrant the demand for aseptic packaging. The global aseptic packaging market report by Market Research Future (MRFR) offers projections for the period of 2017 to 2023 (forecast period) which are backed by historical data, current economic scenario, and trends of sustainable packaging. The COVID-19 outbreak and its impact are analyzed on the prospects of the market.
Market Scope
The global aseptic packaging market is expected to grow at a steady growth rate over the forecast period.
The preservation of processed foods without losing its aroma and taste, zero dependence on preservatives, and long shelf life are major drivers of the market. Consumption of these foods by the urban populace in metropolitan cities can drive the market demand. The hectic lifestyle and working schedules can support the trend. Sustainable packaging practices can lead the market towards greener pastures. The huge demand for dairy products and need for traveling long distances can fuel the market growth till 2023. Other examples include consumption of green tea, juices, and smoothies.
The COVID-19 pandemic has unaffected the market owing to sterile packaging solutions required by the pharmaceutical industry. Packaging manufacturers are facing an uptick in demand from the healthcare sector during the crisis owing to huge requirements for PPE kits, ventilators, diagnostic kits, and other essentials. The adherence to policies outlined by International Organizations for Standardization (ISO) owing to a surge for sterile packaging and mergers and alliances forming to keep up with the demand can positively impact the global aseptic packaging market.
But high investment capital can restrain the market growth.
Segmentation
The global aseptic packaging market is segmented based on material, type, and application.
On the basis of the material, it is segmented into glass, plastic, metal, and paperboard.
By the type, the market is classified into ampoules, cartons, bags & pouches, bottles & cans, and others.
Major applications include pharmaceutical, food, beverages, and others. Food and beverages segments can trigger massive demand for aseptic packaging due to technological advances. This is exemplified by the new design of cans with additional functional and storage capabilities. The shift of popular brands to this technology owing to storage efficiency and food safety can bode well for the global market.
Regional Analysis
The market is analyzed across the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The APAC region dominated the global aseptic packaging market and expects to witness the highest growth during the forecast period. Increasing demand for packaged food, emphasis on product safety, and changes in food manufacturing industry are driving the market growth. Moreover, rising population, changing food habits, and extended shelf life of products are other factors driving demand for aseptic packaging. Increasing liquid food and dairy beverage consumption and expenditure on ready-to-eat foods are creating demand for aseptic food packaging.
Competitive Outlook
ELOPAK Group, Greatview Aseptic Packaging Co., Ltd., Amcor Limited, Reynolds Group Holdings Limited, SIG Combiboc Obeikan, Sealed Air Corporation, Tetra Pak International S.A., Molopak LLC, and SIG Combibloc Group AG are key players of the global aseptic packaging market. Acquisitions and investments in R&D are to be the prime strategies of the players in the market.
Browse Complete report @ https://www.marketresearchfuture.com/reports/aseptic-packaging-market-2188
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