The global aseptic packaging market is projected to be valued at around $62.46 Billion by 2020, growing at a CAGR of 10.66% from 2015 according to a report released by MarketsandMarkets.
The availability of improved equipment and technologies and emergence of the nutraceutical and self-administered drugs markets are projected to open new opportunities for aseptic packaging suppliers and manufacturers. The major restraining factor for the growth of this market is the high capital investment involved in starting an aseptic packaging manufacturing unit.
The leading players in the market include 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), and Amcor Limited (Australia). The aseptic packaging market is a highly fragmented one, owing to the rise in demand for convenience food, pharmaceutical, and dairy products. Major companies rely on regional and local and in order to increase their share as well as geographical presence in the market. One of the major developments observed in the aseptic packaging market is expansions, investments and divestments. The requirements for aseptic packaging are continuously changing, making it essential for manufacturers to continually invest in R&D and come up with innovative solutions. Companies are adopting inorganic growth strategies, such as acquisitions to cope with the increasing demand for aseptic packaging in the key emerging markets. These strategies have aided companies to create a large customer and partner base in the main markets.