London, 30 January 2015 – The Aseptic Packaging Market in APAC Region is expected to grow at a CAGR of 11.35 percent from 2014-2019, according to a new report from research firm TechNavio.
About the Report
According to the new report, the bulk of demand for aseptic packaging arises from the consumables industries, including food and beverage (F&B) and dairy products.
Vendors trading in food products and other liquid items that are sensitive to fluctuating temperatures use cold-chain logistics to retain the functional benefits of their products. However, aseptic packaging offers vendors the opportunity to keep their produce fresh for as long as two years.
The latest report by Technavio emphasizes a rapid increase in the production capacity of vendors like Tetra Pak. The major vendors in this market are expected to witness double-digit growth in their production capacity during the forecast period.
“The major reason for the rapid increase in production capacity is the growing demand for aseptically packaged products like packaged foods,” says Faisal Ghaus, Vice President of TechNavio.
“Additionally, vendors in this market have discovered a huge scope for innovation with increased food and beverage consumption along with the growth of pharmaceutical industry. Therefore, international players are expected to grow inorganically in the coming years by acquiring regional and local players,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Lack of Cold-chain Facilities
- For a full detailed list, view our report.
Market Challenges:
- High Capital Expenditure for Vendors
- For a full detailed list, view our report.
Market Trends:
- Enhanced Production Capacity of Vendors
- For a full detailed list, view our report.
Key Vendors:
- Amcor Ltd.
- Bemis Company Inc.
Other Prominent Vendors:
- DS Smith
- Ecolean
- Elopak
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
