New York, NY, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Aseptic Packaging Market By Type (Cartons, Bottles & Cans, Bags & Pouches and Others), by Material (Paperboard & Paper, Metal, Glass, Plastic and Wood), and by Application (Beverage and Food): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global aseptic packaging market was valued at approximately USD 39.55 billion in 2017 and is expected to generate revenue of around USD 80.20 billion by end of 2024, growing at a CAGR of around 10.5% between 2018 and 2024.
Aseptic packaging is lightweight, easily transportable, portable, and shatterproof. As compared to canning, the products can retain more nutrients as well as natural taste, color, and texture. Cartons, bottles, cups and trays, bags, pouches, metal cans, and plastic cans are used for aseptic packaging.
Browse through 82 Tables & 38 Figures spread over 110 Pages and in-depth TOC on "Global Aseptic Packaging Market Size & Share 2017: Industry Type, Segments, Analysis and Forecast, 2024”.
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One of the major factors driving the global aseptic packaging market is the rising demand for packaged food and beverages including ready-to-eat meals, frozen meals, dairy products, and others among the consumers. Furthermore, the demand for aseptic packaging in developing countries is anticipated to grow rapidly due to the increasing population and changing consumer preferences. Aseptic packaging prevents the food deterioration and augments its shelf-life, which may affect the consumer choices, thus, increasing the demand of the global market. However, factors such as high initial investments, new equipment installation costs, and the costs involved in the research & development may hamper the market during the forecast period.
The global market has been classified on the basis of type, material, application, and region. Based on the type, the market has been segmented into cartons, bottles & cans, bags & pouches, and others. Among these, cartons product type is estimated to lead the market due to its varied applications in the beverage and dairy industry. Cartons improve the quality of the product and increase its shelf life. Depending on the application, the market has been categorized into food and beverage. However, the food industry is anticipated to gain a notable market share over the coming years. This can be facilitated owing to the rising applications of aseptic packaging in the food industry due to the growing acceptance of ready-to-eat meals, packaged foods, and processed foods in the emerging economies. Based on material, the market has been bifurcated into paperboard & paper, metal, glass, plastic, and wood. The paper & paperboard material accounted for the major market share and is projected to grow at the considerable CAGR in the near future.
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The Asia Pacific dominated the aseptic packaging market in 2017, which was mainly contributed by high population base and growing disposable income of the middle-class population. Countries such as India and China are influencing the growth of the aseptic packaging market in this region. China continues to be the main consumer of aseptic packaging, while India is expected to register the significant growth rate in the same period. Increasing consumption of food and beverages and a rising trend of dairy products is expected to further propel the growth of the aseptic packaging market in the region during the forecast period. In addition, a growing number of supermarkets in the region is further boosting the demand for aseptic packaging products in the coming years.
After the Asia Pacific, North America is expected to exhibit significant market growth in the years to come. High demand from end-user industries along with robust growth in the beverage industry in North America is expected to propel the market during the forecast period. In addition, rising investments in the research and development and increasing usage in end-user industries are some of the factors augmenting the growth of the market.
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Europe contributed a good market share in 2017. In Europe, the aseptic packaging market is expected to remain relatively stable over the forecast period. A major factor driving the growth of the aseptic packaging market is the changing consumption patterns of the consumer with an increase in preference for ready-to-eat food items.
Latin America is expected to register a substantial growth in the market owing to the expansion of food and the beverages industries combined with increased living standards and demand for packaged food in the regions. The market is expected to continue witnessing moderate growth over the forecast period. The Middle East and Africa region anticipate having a large potential for aseptic packaging in future. The strong retail market and improving economic activity are expected to boost the aseptic packaging market in the region.
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Some of the key participants in the global antiseptic packaging market are Robert Bosch GmbH, Becton, Tetra Laval International S.A., Dickinson and Company, Amcor Limited, Bemis Company, Inc., Industria Macchine Automatiche S.P.A, E.I. Du Pont De Nemours and Company, Greatview Aseptic Packaging Co., Ltd., Reynolds Group Holding, and Schott AG, among others.
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This report segments the global aseptic packaging market as follows:
Global Aseptic Packaging Market: Type Analysis
- Cartons
- Bottles & Cans
- Bags & Pouches
- Others
Global Aseptic Packaging Market: Material Analysis
- Paperboard & Paper
- Metal
- Glass
- Plastic
- Wood
Global Aseptic Packaging Market: Application Analysis
- Food
- Beverage
Global Aseptic Packaging Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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