May 21, 2020 3:35 PM ET
iCrowd Newswire – May 21, 2020
The Global Aseptic Packaging Market is estimated to grow at a CAGR of 9.5% during the forecast period 2019-2026. The market research study presents that the aseptic packaging industry accounted $35.7 billion in the year 2018 and is estimated to reach $74.5 billion by the end of the year 2026.
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The aseptic packaging industry is driven by various growth factors such as growth in adoption of automation in the production of aseptic packaging, low cost of plastics, improved recycling rates for packaging and increase in government expenditure on healthcare. However, untapped potential in the developing market and growth in e-commerce industries worldwide in the developing regions are projected to create lucrative market opportunities in the near future.
Segmentation Overview of the Global Aseptic Packaging Market
The report on the global aseptic packaging market include the study across various market segments such as type, material and end-use industries. These market segments are further categorized into various sub-segments to study the market in detail for the forecast period.
The Type Segment of the Global Aseptic Packaging Market is Sub-Segmented into:
- Bags and Pouches
- Bottles and Cans
- Vials, prefilled syringes, and ampoules
The Material Segment of the Global Aseptic Packaging Market is Sub-Segmented into:
- Paper and Paperboard
The End-Use Industries Segment of the Global Aseptic Packaging Market is Sub-Segmented into:
Geographical Overview of the Global Aseptic Packaging Market
The global aseptic packaging market is segmented on the basis of various geographical regions, such as:
- North America (Canada and U.S.)
- Europe (Germany, France, UK, Italy, Spain, The Netherlands and Rest of Europe)
- Asia Pacific (Japan, China, Australia and Rest of Asia Pacific)
- LAMEA (Latin America, Middle East and Africa)
As per the regional study, the Asia-Pacific aseptic packaging market is anticipated to hold the largest market share throughout the forecast period. The region contributed ~2/5th share in the global marketplace in the year 2018. However, the LAMEA aseptic packaging market is estimated to grow at the fastest rate compared to the Asia-Pacific market and is expected to register the CAGR of 10.6% during the forecast period.
Market Competition Insights
Tetra Laval International S.A., UFlex Limited, Smurfit Kappa Group plc, Stora Enso Oyj, SIG Combibloc Group AG, Sonoco Products Company, Mondi plc, Amcor plc, Reynolds Group Holdings Limited and DS Smith Plc are some major players included in the research study of the global aseptic packaging market. The market players are adopting various competitive strategies to withhold the large market share in the global aseptic packaging market. Product launch, collaboration, partnership, joint venture, mergers and acquisitions are some major competitive strategies adopted by market players listed in the research study to acquire the position of key shareholder and sustain to stiff competition in the global aseptic packaging industry. For instance:
In March 2018, Scholle IPN launched sterilized spouted pouch packages for the food and beverage industry.
July 2019, Candia, a French dairy cooperative Sodiaal announced to launch an organic milk in SIGNATURE PACK 100—SIG’s aluminium-free carton pack which is made from plant-based renewable material.
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Keywords: Aseptic Packaging Market, Aseptic Packaging Market Size