Aseptic Packaging Market Trends Technology Innovation, Analysis Application

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With a clear dominance of Tetra Pak, the global aseptic packaging market demonstrates a highly consolidated competitive landscape, finds a new study by Transparency Market Research (TMR). In 2015, Tetra Pak, alone, held a share of more than 65% in the overall market. The highly complex production process of aseptic packaging and the need for high initial investments has created an intense entry barrier for new players. 
As per TMR, the global market for aseptic packaging held an opportunity of US$34.4 bn in 2015. Experts project it to report a healthy CAGR of 9.90% between 2016 and 2024 and increase to US$80.4 bn by the end of the forecast period. The pharmaceutical industry has emerged as the key end user of aseptic packaging. In 2015, the segment accounted for a share of more than 35% in the total demand for aseptic packaging.
With China Emerging as Key Contributor to Global Market, Asia Pacific to Retain Lead
The report has also presented an analysis of the global market for aseptic packaging on the basis geographical segments. Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa are the key regional market for aseptic packaging across the world. Driven by the growing demand for aseptic packaging across a number of industries, such as pharmaceuticals and food and beverages, Asia Pacific has been leading the global market since the last few years. The region held a share of more than 32% in the overall market in 2015.
With China emerging as a key contributor to the global market for aseptic packaging, thanks to the presence of a large pool of manufacturers, who are capable of producing low-cost varieties, the Asia Pacific market is expected to retain its position throughout the forecast period. The regional market is also projected to benefit from the rising application of aseptic packaging in various end-use industries in countries such as Thailand, India, and Pakistan in the near future, states the report.
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Demand for Aseptic Packaging Driven by Growing Awareness about its Capability to Retain Food Freshness Longer
“The growing awareness among consumers pertaining to the benefits of aseptic packaging and its ability to keep food items fresh for a longer period without using additional preservatives has been fueling the usage of aseptic packaging significantly all over the world,” says an analyst at TMR.
Nowadays, the consumption of ready-to-eat and packaged food has increased remarkably. On account of the longevity aseptic packaging provides, food product vendors are increasingly applying this packaging on their products. Since ready-to-eat and packaged foods are likely to become the most preferred categories of food products for busy urban consumers in the near future, the demand for aseptic packing is projected to increase at a faster rate in the coming years, notes the study.

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