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Asia Pacific dominates the overall packaging industry and is expected to follow the trend in the study timeframe. The industry players are establishing their manufacturing base to emerging nations such as India & China as a result of availability of low labor costs and production costs in the countries. China is a major market for paper and board packs followed by Indonesia and India having the highest growth rates of approx. 4.5% and 4.3% respectively. The market is dominated by tobacco and its products and soft drinks accounting for almost 80% of the industry. Latin America packaging industry will foresee steady growth with Brazil predicted to account for the maximum growth attributed to economic recovery and strong growth from edible oil and dairy products.Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/682270/
Aseptic Packaging will surpass USD 70 billion by 2024. Rising demand for dairy and other edible products is anticipated drive aseptic packaging market growth over the study timeframe. The main area of application includes food and beverages or dairy products segment. Milk output worldwide reached 843 million tons in 2018 up by 2.2% from previous year primarily driven by expansions in Turkey, India, EU, Pakistan and Argentina and USA with growing demand for processed and fresh dairy products.
Aseptic packaging is used in ample number of industries including food, dairy, beverages, pharmaceutical among others for providing enhanced safety to products. The packaging is used for products including fruits & vegetables, puddings, meat, fisheries, sauces, desserts and in many other food items. Rising population, demographic shifts including migration, urbanization and increasing middle class population is increasing the demand for packaged food items. The increasing demand for food items is anticipated to augment market growth over the study timeframe.
Plastic is the basic raw material for aseptic packaged products and the global initiatives for reducing the use of plastics for the sake of environment concerns will hamper the aseptic packaging market proliferation. The major plastic consuming nations including India, China, Indonesia, US are shifting towards other substitutes for polystyrene products to abide stringent government regulations. In the era of reducing consumption of plastics, packaging industry can face a setback in future.
Based on type of product, the aseptic packaging market is segregated into bottles, cartons, vials & prefilled syringes & ampoules, bags and pouches etc. Aseptic bags are produced by polyethylene by cutting, vacuum packaging and sterilizing in a hygienic environment. The bags find application for solid aseptic raw materials, auxiliary pharmaceutical materials and other areas attributed to their non-toxicity, sterility, excelled chemical stability and temperature resistant properties.
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The industry rivalry is quite high owing to presence of many large as well as small players. In the aseptic packaging market. The players are keen to adopt innovative strategies to strengthen their regional presence. For instance, in 2019, Tetra Pak inaugurated aseptic packaging plant in Vietnam with a capacity of over 20 billion packs annually. This will enable the company to serve larger consumer base and gain market share.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Aseptic Packaging Industry Insights
Chapter 4 Aseptic Packaging Market, Product by End-user
Chapter 5 Aseptic Packaging Market, By End-User
Chapter 6 Aseptic Packaging Market, By Region
Chapter 7 Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/aseptic-packaging-market
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