Aseptic packaging allows the end –users to meet the consumer demand for sterile and safe food and pharmaceutical products. The technology offers extended shelf stability at ambient temperature, which eliminates the need for refrigeration. As a result, aseptic packaging is expected to witness high demand from the foodservice entities and retailers.
The Global Aseptic Packaging Market is expected to reach USD 85.47 billion by 2024, according to a new report by Grand View Research, Inc.
The aseptic packaging manufacturers supply their product either in the form of rolls or blanks. The roll-fed filling technique dominates the market and has been adopted by the major manufacturers such as Tetra Pack. Whereas, companies such as Elopak and SIG have adopted the blank filled systems. These two technologies are not interchangeable since the process and equipment associated with these two methods are different.
As a result, buyers are unable to switch from one process to other. High capital investment is likely to be a key restraining factor for the industry. Investment, Divestment, capacity expansion and new product development are the key strategies adopted by the major players in order to strengthen their position in the market.
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The industry players are likely to invest more on R&D and innovation owing to continuously changing demand from end-users in terms of product quality, performance, and appearance. The major manufacturers are likely to adopt acquisition strategies in order to meet the rising consumer demand and cope with the new technologies.
Top Players of Aseptic Packaging Market:
The key players in the market include Robert Bosch GmbH, Tetra Pak International S.A., Greatview Aseptic Packaging Co., Ltd., Schott AG, SIG Combiboc Obeikan, Reynolds Group Holdings Limited, and Agropur Inc.
Market Segmentation of Aseptic Packaging Market:
The Global Aseptic Packaging Market segmented on the basis of Product, Application and Region.
By Product:
Cartons
Bottles
Bags & pouches
Prefilled syringes
Vials & ampoules
By Application:
Food
Beverages
Pharmaceuticals
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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