Global Aseptic Packaging Market: Overview
Aseptic processing and packaging is a food preservation technique that entails the sterilization or commercial sterilization of food outside the container and before putting it in sterilized containers and sealing it in an aseptic environment. Aseptic packaging Market utilizes special methods for sterilization of medicines, foods, and other substances. The content is pumped in a clean and germ-free environment into the tank. In the aseptic packaging method, extremely high temperatures are utilized in order to maintain the freshness of the material and to prevent its contamination with microorganisms. Significant growth of the food & beverage industry and rise in consumers’ preference for more hygienic and safe packaging methods for ready-to-eat food are projected to boost demand for aseptic packaging in the near future.
Global Aseptic Packaging Market: Dynamics
Developing economies such as India, China, South Africa, and countries in Southeast Asia lead the global market for aseptic packaging. The growth of established consumer markets is tied to lifestyle and demographic changes, while the growth in new consumer markets is driven by the rise in consumer demand. A rise in disposable income of people and an increase in urbanization develop a new, urban consumer base. There is a significant correlation between the consumption of various packaging materials and disposable income, which causes developing markets to lag behind developed markets in terms of consumption of aseptic packaging. Another significant driving factor is rising online sales.
Despite governments of several countries banning the use of single-use plastics, the COVID-19 pandemic has resulted in mounting pressure on governments in several countries to reverse the ban, and if the ban is relaxed, it could restrain growth of the aseptic packing market to a certain extent in the near future. Manufacturers of aseptic packaging need to comply with rules and regulations pertaining to the packaging in order to avoid legal issues. Rising consumer awareness about the negative impact of plastic packaging of food and beverages on human health and the environment has been seeing an increasing preference for ascetic packaging materials, which is projected to propel market growth during the forecast period.
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Global Aseptic Packaging Market: Regional Landscape
In terms of revenue, Asia Pacific accounted for largest revenue share in the global market in 2019, with a significantly higher revenue contribution from the market in China as compared to other countries in the region. Countries in the region have a large number of aseptic packaging material manufacturers, which is expected to support growth of the overall aseptic packaging market.
Global Aseptic Packaging Market: Key Players
Some of the prominent market players are:
Regions Included in the Global Aseptic Packaging Market Report are:
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Global Aseptic Packaging Market: Report Highlights
Global Aseptic Packaging Market: Segmentation
The global aseptic packaging market has been segmented by product and end-user industry as follows.
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