Across a number of industries including food and pharmaceuticals, the contents undergo a sterilization process. So, aseptic packaging serves as a customized solution for these industries. The content after packaging is kept inside a container where the environment is also sterilized. To maintain freshness, the process of packaging is conducted at intensely high temperatures. This process ensures the freshness of the packed products for a longer period of time. The high temperature provides microorganisms contamination-free products.
Aseptic packaging is an extensively used process that finds application in the food and beverages industry to pack different food products such as soups, pudding, milk, tomatoes, and others. In the pharmaceutical industry, it ensures the safety of medicine from bacterial contamination. So, with noticeable growth in the food and beverages and pharmaceutical industry, the aseptic packaging market is proposed to grow rapidly.
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Further, aseptic packaging solutions reduce the comprehensive packaging cost of the products. The manufacturers need not use any preservatives. The sterilization process safeguards products from bacteria and provides customers chemical-free products for usage. So, these factors boost growth in the aseptic packaging market.
The aseptic packaging market is proposed to grow at a compound annual growth rate (CAGR) of 10.0% from 2017 to 2024. Further, the estimated value of the aseptic packaging market is anticipated to rise to US$ 80.49 bn. 2024.
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Aseptic Packaging Market – Industry Estimations
With growing urbanization, developing economies are experiencing substantial growth in the dairy and food and beverages industry. India and China, with one-third of the world population, are the two dominating countries to demand packaged drinkable and eatable products. These products need to be preservative-free and provide safety from environmental contamination. Prospects of this demand is promising for the aseptic packaging market.
Along with developing countries in Asia Pacific, the developed western countries are also demanding efficiently packaged food products. So it is predicted to bolster growth in the aseptic packaging market. Some other factors driving the market include convenient handling, decreasing cost, and the invention of environment-friendly packaging type for the growth in the aseptic packaging market. Further, the pharmaceutical industry is also expected to drive growth in the aseptic packaging market as an end-use segment.
However, the complexities associated with the manufacturing process are expected to develop restrictions for the progress in the aseptic packaging market. Despite this, benefits of less harm compared to other solutions could help for create a reliable customer base for the aseptic packaging market. Some of the key industry players in the aseptic packaging market include Tetra Pak, Schott AG, Elopak, and SIG Combibloc, etc.
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Aseptic Packaging Market- Dairy and Pharmaceutical Key End-Users
The dairy, beverages, food, and pharmaceutical industries are some key end-use industries in the aseptic packaging market. Among these industries, the dairy and pharmaceutical product manufacturers are considered as primary end-users in the aseptic packaging market.
Dairy products, for example, cheese, milk, and yogurt are easily contaminated through the environment and have a very low shelf-life. The pharmaceutical segment, on the other hand, is increasing with the growing need for medical consumables across the world. So these industries further boost the aseptic packaging market.
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China has dominated the aseptic packaging market at the global level. . Further low manufacturing costs and the presence of domestic producers are expected to bolster the aseptic packaging market in China. This results in the development of lucrative opportunities in the aseptic packaging market in the Asia Pacific region.
The increasing demand for aseptic packaging in pharmaceuticals, personal care, and food and beverages industries further adds value in the aseptic packaging market in Asia Pacific. India, Indonesia, and Thailand are expected to be frontrunners in the aseptic packaging market with massive usage.
Besides this, North America and Europe are the other two regions to contribute to the aseptic packaging market.
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