Aseptic Packaging Market Trends Technology Innovation, Analysis Application
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 ...