News .Food & Beverage
20% per CAGR growth for aseptic packaging market in India upto 2025
19 Jul, 2018
19 Jul, 2018
ASEPTIC packaging plays an important role in sealing sterilized products under unsterilized atmosphere.
There are two types of aseptic packaging; packaging of pre-sterilized and sterile products, and packaging of non-sterile products. Aseptic packaging products can range from bags and pouches to metal cans. The purpose of aseptic packaging is to produce food items that can be stored without refrigeration for a longer time and also maintains chemical and sensory properties. The global aseptic packaging market is segmented based on material, type, application, and geography. On the basis of the material, it is segmented into plastic, metal, glass, and paperboard. By the type, the market is classified into cartons, bottles & cans, bags & pouches, ampoules and others. The application is further segmented into food, beverages, pharmaceutical, and others. The market is analyzed across Americas, Europe, Asia-Pacific, and the Middle East & Africa says Tapan Kumar Deb, Vice President - Profit Centre Head, Petainer India in an Linkedin Post.
The global aseptic packaging market has witnessed a prospective growth over the last few years. According to analysis, this market will have faster growth rate in Asia Pacific regions during the forecast period upto 2025 because of flourishing food, diary, beverage industries and their preference to produce aseptic products to meet growing demand of the market. The market segmented into the types, which include cartons, bottles & cans, bags & pouches, ampoules and others. Based on Material, the market for Aseptic Packaging has been segmented as follows:
The food and beverage markets in India have fuelled the overall growth in the packaging industry. The growth likely to come in India because of following reasons:
Key Players in Aseptic Packaging Market
Some of the key players in the global Aseptic packaging market are : Amcor Limited (Australia), Tetra Pak International S.A.( Switzerland), Greatview Aseptic Packaging Co., Ltd.(China), SIG Combiboc Obeikan (Switzerland), Reynolds Group Holdings Limited (U.S.), ELOPAK Group (Norway), Sealed Air Corporation (U.S.), Resilux ( Belgium), Molopak LLC (Russia) etc.
The new players like Uflex is the first Indian company entered into carton aseptic packaging market against strong foothold rivalry Tetra Pak which holds around 65% market share in carton aseptic packaging. Uflex had made huge capital investments in Sanand , Gujarat to meet the technological aspects required for the aseptic packaging industry and European giant like SIG Combibloc also ventured into carton aseptic packaging market in India and more multinational to further venture in near futures seeing the growth potential into this segment. Cartons aseptic packaging accounted for over 35% of the global demand and are likely to foresee a significant growth owing to their attractive design and to dominate the aseptic packaging market in Asia – Pacific regions.
Asia Pacific is accounted for over 35% of the global demand and is expected to be the largest market by 2025. Growing demand for packaged food and beverage products owing to changing consumer lifestyle and increasing spending capacities among the Asian consumers is expected to have a positive impact on the industry growth. India is expected to be a key market over the projected period with the prime demand for food and beverage sector. Growing demand for natural products with no additives such as liquor, juices, and flavored milk in the region is expected to have a positive impact on the industry growth over the forecast period.
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