Vision Research Reports has announced the addition of a new market study to its repository, titled, “Global Aseptic Packaging Market Research Report 2018.” The report studies the market from every possible angle to offer valuable information on it.
The report states that aseptic packaging has undergone tremendous transformation over the years to better cater to the needs of end-use industries. Aseptic packaging mainly consists of paperboard, polypropylene, aluminum, calcium carbonate, borosilicate glass, and ethylene vinyl alcohol. Typically, such packages, consist of six to seven layers of the aforementioned materials which are arranged in an orderly fashion. At present, some of the key industries that make use of aseptic packaging are dairy, beverages, and food. The pharmaceutical industry is another major end user.
The market for aseptic packaging has been making impressive strides on the back of rising demand of ready-to-eat products and convenience products. And all these are primarily on account of the swift pace of urbanization and increasing spending capacities of people.
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Based on the type of product, aseptic packaging can be segmented into cartons, bottles (glass and plastics), vials, prefilled syringes, and ampoules, and bags and pouches, among others such as cups. Among them, the segment of cartons accounts for a substantial share in the market because of the soaring consumption of dairy products and other foods. Cartons can be made of resin, polyethylene, paperboard, and aluminum foil. They find application in packaging an array of liquid processed food such as juices, broths, white and flavored milk, sauces, soups, fruit toppings, and so on.
Geographically, Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa are some of the key regions in the global market for aseptic packaging which have been studied in the report. Of them, Asia Pacific, North America, and Europe are key regions. The market in Asia Pacific has been making impressive strides because of prominent foreign investment banking companies funding operations of homebred companies in the region
In terms of geography, the APAC region led the global aseptic packaging market during 2016 and will continue to dominate the market in the coming years. The growth of the market in this region is attributed to the fact that major foreign investment banking companies are funding the operations of homebred corporations in countries of Asia Pacific. In addition, the non-cyclic markets comprised of food and beverage, dairy, and pharmaceuticals in fast-expanding populous economies of China and India is also helping the market in the region.
On account of a number of large and small players operating in the global market for aseptic packaging, it is highly fragmented. To grow in such a market, most players are seen banking upon product innovation leveraging latest technologies; they are seen differentiating their products with unique features and functionalities. Some of the key players in the market for aseptic packaging that have been profiled in the report are Sealed Air Corporation, Tetra Pak, ELOPAK Group, Great view Aseptic Packaging Co., Ltd., Molopak, Schott AG, Ecolean AB, IPI, and SIG Combibloc Group AG. The report throws light on their product portfolio, winning strategies, and sales and revenues. It also leverages market-leading analytical tools to help uncover the opportunities they can lap up and pitfalls they need to steer clear off.
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