- The key vendors in the Global Aseptic Packaging Market 2015-2019 are Amcor Ltd., Bemis Co. Inc., E.I. du Pont de Nemours and Co. (DuPont), Sealed Air Corp. and Tetra Laval International SA.
London, 07 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Aseptic Packaging Market 2015-2019. One of the key trends expected to propel the growth of the Global Aseptic Packaging market is the growth in the milk and dairy products markets worldwide. These products require aseptic packaging to enhance their shelf life. These products have low acid content so they are vulnerable to microorganisms. The Global Aseptic Packaging market is expected to grow at a CAGR of 9.33 percent during the forecast period of 2014-2019.
Customers benefit from the extended shelf life and reduced logistics costs of aseptically packaged perishable products. The products have a shelf life of two years from the date of manufacture, and the sterilization of both the package and its contents ensures that there is no unnecessary expenditure on cold storage facilities or temperature controlled distribution.
The increased demand for aseptic packaging is due to the increased preference for packaged and convenience foods among consumers, the longer shelf life provided by aseptically packaged products, the high disposable income of consumers, the increase in the number of corporate employees, and the increase in the launch of eco-friendly and healthy products.
“All the major vendors in this market are expected to post a double-digit growth rate in their production capacity during the forecast period,” says Faisal Ghaus, Vice President of TechNavio Research.
“The major reason for this rapid increase in production capacity is the rise in demand for aseptically packaged products, consequently propelling market’s growth.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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