Aseptic packaging: Key market research findings
- Growing demand for aseptic packaging in the healthcare industry
- Increase in production capacity by the market vendors
Technavio has released a new market research report on the global aseptic packaging market, which is expected to grow at a CAGR of 10% between 2016 and 2020. Several factors such as the presence of efficient supply chains through which food and beverage products reach final points of sale, augmented demand from the pharmaceutical and healthcare sector, and the eco-friendly nature of aseptic packaging will foster the adoption of aseptic packaging during the forecast period. APAC accounts for 38% of the aseptic packaging market, owing to the growth of non-cyclic markets, such as the dairy, F&B, and pharmaceutical markets in populous countries such as India, China, and Indonesia,
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the interesting trends gaining traction in the market is the growing demand for aseptic packaging from the healthcare sector. The adoption of an aseptic filling process for ampules, pre-filled syringes, and vials ensures that the shelf life of these drugs is increased. Even bottles and jars used for storing cosmeceuticals and nutritional products are aseptically filled to extend their shelf life. This augmented usage of aseptic packaging methodologies in the healthcare sector for the preservation of sensitive drugs and nutritional products will foster market growth during the predicted period,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
Vendors in the aseptic packaging market such as Tetra Laval are focusing to increase their production capacity. All major vendors in this market are expected to post a double-digit growth rate in their production capacity during the forecast period. The major reason for this rapid increase in production capacity is the rise in demand for aseptically packaged products. Hence, the enhanced production capacity of vendors is expected to propel the growth of the global aseptic packaging market during the forecast period.
The leading vendors in the global aseptic packaging market are Amcor, Bemis, DuPont, Reynolds, and Tetra Laval. This market is highly fragmented due to the presence of numerous small and large suppliers. The performance of the providers in this market is affected by the changing consumer spending pattern, consumer tastes and living standards, demographic trends, and regional, national, and local economic conditions. To survive and succeed in this environment, it is important for vendors to keep innovating their products and distinguish their offerings through a clear and unique value proposition.
A more detailed analysis is available in the Technavio report, Global Aseptic Packaging Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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