Competitive Outlook
ELOPAK Group, Greatview Aseptic Packaging Co., Ltd., Amcor Limited, Reynolds Group Holdings Limited, SIG Combiboc Obeikan, Sealed Air Corporation, Tetra Pak International S.A., Molopak LLC, and SIG Combibloc Group AG are key players of the global aseptic packaging market. Acquisitions and investments in R&D are to be the prime strategies of the players in the market.
Segmentation
The global aseptic packaging market size is segmented based on material, type, and application.
On the basis of the material, it is segmented into glass, plastic, metal, and paperboard.
By the type, the market is classified into ampoules, cartons, bags & pouches, bottles & cans, and others.
Major applications include pharmaceutical, food, beverages, and others. Food and beverages segments can trigger massive demand for aseptic packaging due to technological advances. This is exemplified by the new design of cans with additional functional and storage capabilities. The shift of popular brands to this technology owing to storage efficiency and food safety can bode well for the global market.
Regional Analysis
The market is analyzed across the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The APAC region dominated the global aseptic packaging market and expects to witness the highest growth during the forecast period. Increasing demand for packaged food, emphasis on product safety, and changes in food manufacturing industry are driving the market growth. Moreover, rising population, changing food habits, and extended shelf life of products are other factors driving demand for aseptic packaging. Increasing liquid food and dairy beverage consumption and expenditure on ready-to-eat foods are creating demand for aseptic food packaging.