Global Aseptic Packaging Market 2016-2020
Market outlook of the global aseptic packaging market
Technavio’s market research analyst predicts the global aseptic packaging market to grow at a CAGR of around 10% by 2020. Eminent 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.
The major factor driving the market growth 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.
Segmentation by application and analysis of the aseptic packaging market
- Healthcare products
In this market analysis, analysts have estimated the food segment to account for a market share of more than 46% by 2020. The growing demand for ambient food and convenience food will fuel the prospects for growth in this segment. Additionally, innovation in packaging design and recycling procedure will also result in the strong growth of the market by 2020.
Segmentation by types of packaging and analysis of the aseptic packaging market
- Vials and ampules
- Prefilled syringes
- Bags and pouches
Technavio market research analysts estimate the aseptic bottles packaging segment to be the largest revenue generating market segment during the forecast period. This sector currently accounts for more than 23% of the total market share and is envisaged to further enhance its hold over the market by 2020 owing to the sudden upsurge in the demand for flexible packaging materials. The preference for flexible packaging materials is continually increasing as they are lightweight and have the ability to reduce the transportation costs for companies.
Competitive landscape and key vendors
The global aseptic packaging 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.
The leading vendors in the market are -
- Tetra Laval
Other prominent vendors in the market include Aseptic Solutions USA, CDF, China Capak Packaging, DS Smith, Elopak, Goglio, Greatview Aseptic Packaging, Krones, Parish Manufacturing, Printpack, Robert Bosch, Scholle Packaging, and SIG Combibloc.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global aseptic packaging market?
- What are the key market trends impacting the growth of the global aseptic packaging market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global aseptic packaging market?
- Trending factors influencing the market shares for APAC, Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global aseptic packaging market?
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