DUBLIN, 17 January 2022–(BUSINESS WIRE)–The “Global Aseptic Packaging Market Growth, Trends and COVID-19 Impact Forecasts (2021-2026).”Report has been added ResearchAndMarkets.com’s offering.
The market for aseptic packaging was valued at USD 49.15 Billion in 2020. It is expected to grow at a CAGR 9.5% over the forecast period (2021-2026).
Key Market Trends
Rising environmental concerns and government policies are driving the growth
Many conventional packaging materials create a lot of solid waste, which can be harmful to the environment and people’s health. Many packaging companies are now replacing these materials with edible packaging solutions made of probiotics, milk proteins and vitamins. These products act as an oxygen barrier for food.
This is driving the edible packaging market. A number of governing bodies around the globe have implemented strict regulations to limit waste generation due to rising environmental concerns.
To enhance the film’s protection properties, edible packaging also contains many plasticizers and functional add-ons such as pigments, antimicrobial agents, chemical preservatives, and so on.
Further, the increasing popularity of processed foods that have a longer shelf-life will increase the demand. In the forecasted time, the edible packaging market will also be driven by the growing focus on nanotechnological options such as nanoencapsulation or multifaceted systems to increase the food’s nutritional content.
Asia Pacific Region to Experience the Fastest Growth
Asia Pacific is one the fastest-growing aseptic package markets. This is due in part to rapid technology adoption and growing concerns about product safety. China is emerging as a dominant country, even at the global level.
According to USDA, China’s demand is expected to rise for imported dairy products. However, China’s retaliatory tariffs against US dairy products will make it difficult for US companies to profit from this situation, which could create an opportunity for local vendors.
Lamipak introduced its All Brown Board product, “LamiNatural” in June 2019. Lamipak’s newest product, ‘LamiNatural’, has the lowest carbon footprint. The product lacks a layer of white clay coating. This exposes unbleached paper underneath and gives it its natural brown fiber appearance. The company is currently the largest exporter of aseptic packaging products from China.
China has made greater investments in the development and production of aseptic packaging technology. Guangdong produces aseptic packaging machines for paper boxes, plastic cups, equipment and packaging materials that can be sterilized at ultra-high temperatures. China has remained a major market for Tetra Pak. Tetra Pak has seen its share in the Chinese market decrease due to local businesses entering the aseptic packaging sector.
PepsiCo India believes that India’s climate will allow them to increase the amount of sterile product in their shipping boxes. This could open up new markets for aseptic packaging. Aseptic packaging vendors may also benefit from the increase in pharmaceutical exports, which could help to grow the market.
Uflex Limited supplies packaging films, flexible packing, sterile packaging, sterile packaging, chemicals and engineering. Asept sells sterile packaging. This packaging is used in various liquids such as juices and alcoholic beverages. The company is located in Gujarat, India and serves customers in 140 countries.
South Korea’s rising demand for disposable instruments in healthcare is expected to fuel the demand of vials, prefilled Syringes and Ampoules. This will positively impact aseptic packaging.
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase Demand for Cold Chain Logistics to Reduce the Cost
4.2.2 Growing Demand for Products With a Longer Shelf-Life
4.3 Market Challenges
4.3.1 Manufacturing Complications & Lower ROI
4.4 Industry Attractiveness Analysis – Porter’s Five Forces Analysis
4.5 Industry Value Chain Analysis
4.6 Technology Snapshot
4.7 Industry Policies
4.8 Assessment COVID-19 Industry Impact
5 MARKET SEGMENTATION
5.1 Pharmaceutical Industry
5.2 By Beverage Industry
5.3 By Food Industry
6 COMPETITIVE LANDSCAPES
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 FUTURES OF THE MARKET
For more information on this report, visit https://www.researchandmarkets.com/r/fhdwgx
Businesswire.com – View the source version https://www.businesswire.com/news/home/20220117005491/en/
Laura Wood, Senior Manager Press
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