Top Factors Driving the Aseptic Packaging Market| E.I. du Pont de Nemours and Company, Robert Bosch GmbH, Tetra Laval International S.A, Reynolds Group Holdings Limited and Others
The aseptic packaging market is growing rapidly in accordance with the growth in the packaging market, globally. Factors such as growth in demand for convenience and quality food products, growth in the dairy beverage market, and an increase in urban population have largely contributed to the growth of the aseptic packaging market. The aseptic packaging market is segmented on the basis of type, material, application, and region. It has experienced continuous progress with regard to acquisitions and mergers and expanding its geographical reach in the packaging industry. According to MarketsandMarkets, the global market for aseptic packaging, in terms of value, is projected to grow from USD 39.62 billion in 2017 to reach USD 66.45 billion by 2022, at a CAGR of 10.89%.
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High growth potential in the emerging Asia-Pacific markets is expected to provide new growth opportunities to the players in the aseptic packaging market Asia-Pacific accounted for the largest share in 2016 and is also projected to be the fastest-growing market during the forecast period. Developing countries such as China and India are projected to be the emerging markets, and play a significant role in driving the Asia-Pacific aseptic packaging market. These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the aseptic packaging market in this region is driven by factors such as growth in developmental activities and rapid economic expansion. In addition to this, the rise in population in these countries presents a large customer base for FMCG products and consumer durables, which in turn is expected to lead to the growth of the aseptic packaging market.
On the basis of type, the bottles & cans segment is estimated to grow at the fastest rate during the forecast period. This is attributed to its ability to provide high clarity and excellent barrier properties to the product enclosed within. Hence, it is widely used in the packaging of food and beverages.
The plastic segment is estimated to be the fastest-growing in the aseptic packaging market on the basis of material; this trend is projected to continue during the forecast period, due to factors such as availability of vibrant colors, flexible to mold, and its lightweight properties. Plastic films have extensive areas of application, which include the food and beverage sectors.
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The beverages segment is estimated to be the fastest-growing application in the aseptic packaging market. This trend is projected to continue during the forecast period, as aseptic packaging is used widely in the beverage sector for the packaging of products, as it reduces the possibility of product contamination, and protects beverages from natural factors such as moisture, gas, light, and temperature.
The growth of the aseptic packaging market was largely influenced by acquisitions, expansions, and new product launches, in the past five years. The years 2012–2017 experienced a large number of acquisitions adopted by top players in the market. Expansions also formed an essential part of their strategies, which generated considerable income for the key companies. New product launches also formed an important part of their strategies, which helped broaden their product portfolios. The major players include companies such as Robert Bosch GmbH (Germany), E. I. du Pont de Nemours and Company (U.S.), Tetra Laval International S.A. (Switzerland), Reynolds Group Holdings Limited (New Zealand), Amcor Limited (Australia), Becton, Dickinson and Company (U.S.), Bemis Company, Inc. (U.S.), Greatview Aseptic Packaging Co., Ltd. (China), IMA S.P.A (Italy), and Schott AG (Germany).
Amcor Limited (Australia) held the leading position in the global aseptic packaging market in 2016. The company has maintained its leadership position through its strong distribution network across Asia-Pacific, Europe, the Americas, and emerging markets. Amcor is among the leading manufacturers of aseptic packaging for many of the markets it serves. It has adopted acquisitions as its key strategy to capture the market. In December 2016, Amcor launched PET bottles which are used for the delivery of dairy, aseptic, and high-pressure processed (HPP) liquid beverages. This product launch enabled Amcor to expand its business and generate high returns, which strengthened the company’s position in the aseptic packaging market and enhanced the overall product portfolio in a variety of segments such as food & beverages and consumer goods.
Tetra Laval International S.A. (Switzerland) is a global provider of aseptic packaging solutions. The company innovates and offers aseptic packaging solutions for various applications. Tetra Laval adopted investments as its key strategy to gain a competitive advantage in the market. In February 2017, Tetra Pak announced an investment of USD 25.3 million for its plant for packaging closure in Southeast Asia. The investment would help the company expand its business in the emerging Asian market.
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