Aseptic Packaging Market by Type of Packaging, Application, and Geography - Forecast and Analysis 2020-2024
- Published: Apr 2020
- Pages: 120
- SKU: IRTNTR41634
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The aseptic packaging market size has the potential to grow by USD 33.04 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.
This report provides a detailed analysis of the market by type of packaging (bottles, vials and ampules, prefilled syringes, cartons, and others), application (healthcare, beverages, food, and others), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Amcor Plc, Becton, Dickinson and Co., DS Smith Plc, DuPont de Nemours Inc., Greatview Aseptic Packaging Manufacturing GmbH, Reynolds Group Holdings Ltd., Robert Bosch GmbH, SCHOTT AG, SIG Combibloc Group AG, and Tetra Laval International SA.
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Market Competitive Analysis
The aseptic packaging market is fragmented, with the presence of several multinational, regional, and local vendors. The local players have raised the bar for competition by offering innovative solutions at a lower price than the international players, leading to price wars. The smaller and local vendors compete in terms of cost as it is difficult for them to compete with international vendors in terms of quality, features, and range of offerings. Owing to an increase in health awareness, vendors are finding huge scope for innovation. It is expected that international players will grow inorganically during the forecast period by acquiring regional or local players. Companies with greater technical and financial resources can develop products that can make competitors' products obsolete and non-competitive, even before they are launched or before R&D and commercialization costs have been recovered. Greatview Aseptic Packaging Manufacturing GmbH, Reynolds Group Holdings Ltd., Robert Bosch GmbH, SCHOTT AG, SIG Combibloc Group AG, and Tetra Laval International SA are some of the major market participants. Although the need for increasing product shelf-life and preserving quality without preservatives will offer immense growth opportunities, the increased popularity of combinational drug delivery systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this aseptic packaging market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this aseptic packaging market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Amcor Plc
- Dickinson and Co.
- DS Smith Plc
- DuPont de Nemours Inc.
- Greatview Aseptic Packaging Manufacturing GmbH
- Reynolds Group Holdings Ltd.
- Robert Bosch GmbH
- SCHOTT AG
- SIG Combibloc Group AG
- Tetra Laval International SA
Aseptic Packaging Market: Segmentation by Region
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APAC was the largest aseptic packaging market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing population will significantly influence aseptic packaging market growth in this region.
Almost 44% of the market’s growth will originate from APAC during the forecast period. China is the key market for aseptic packaging in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Aseptic Packaging Market: Segmentation by Type of Packaging
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The aseptic bottles packaging market segment will grow rapidly with an upsurge in demand for flexible packaging materials, which are lightweight and reduce transportation costs for companies. Manufacturing these materials requires less energy than most other packaging materials.
The aseptic packaging market share growth by the bottles segment will be slower than the growth of the market by the cartons segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aseptic packaging market size.
Aseptic Packaging Market: Key Drivers and Trends
The aseptic packaging market will register a CAGR of over 10% over the forecast period. The increased need to enhance product shelf-life and preserving the quality of food products without the use of preservatives are some of the key factors driving the market growth. The majority of manufacturers carry out specialized process to sterilize contents and container separately. They are then put together in a sterile environment to prevent contamination by microorganisms. The demand for aseptic packaging solutions in the food and beverage sector has increased because of the growing demand for packaged foods, which are rich in nutrients and promote health and wellness among consumers. Moreover, a reduction in distribution costs has increased the preference for aseptic packaging in the F&B sector, which, in turn, will propel the growth prospects for the aseptic packaging market over the forecast period.
Aseptic Packaging Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive aseptic packaging market growth during the next five years
- Precise estimation of the aseptic packaging market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aseptic packaging industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aseptic packaging market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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