Global Aseptic Packaging Market: Key Highlights
Global Aseptic Packaging Market: Key Market Dynamics
Global Aseptic Packaging Market: Regional Overview
North America, is expected to have a significant growth in the aseptic packaging market during the forecasted period owing to the increasing demand for convenience and quality food products. Rising need for prolonging shelf life to unprecedented levels owing to increasing demand for transportation across long-distance has propelled the need for aseptic packaging. Moreover, the culture of readymade and packaged foods across the region is one of the key factors that boost the adoption of the aseptic packaging market.
Asia Pacific region is expected to be one of the fastest-growing region in the market. This can be attributed to the adoption of technology, coupled with increasing concern regarding product safety and shelf life. Emerging economies such as India, China, Japan, Australia, and South Korea have various regulations focusing on the safety and quality of packed foods. Food safety laws help to protect the physical health and life safety of the public, which has boosted the use of aseptic packaging. For instance, according to the Food Safety and Standards Authority of India (FSSAI), has announced a new regulation for food packaging in January 2019, which focuses on the packaging materials used during food packaging.
Global Aseptic Packaging Market: Key Players Overview
Tetra Pak International S.A. is engaged in providing processing and packaging solutions for food. Tetra Pak is one of the three companies in the Tetra Laval Group, a private group that started in Sweden. The company has a presence in more than 160 countries across the globe with more than 56 production plants. In 2018, the net sale of the company was USD 12.14 billion. In March 2019, the company launched Tetra Classic Aseptic 65ml Cube package.
SIG Combibloc Group Ltd. is one of the leading system and solution provider for aseptic packaging. The company provides beverage packaging, food packaging, openings, and packaging explorer packaging solution. In 2018, the company generated USD 1.84 billion revenue. They are partnered with leading food & beverage products across 60 countries across the globe. In November 2019, SIG Combibloc Group Ltd. has completed the acquisition of Visy Cartons Pty Ltd, a leading player in the Australian beverage carton market. This will help Visy Cartons Pty Ltd to expand the business to New Zealand where its Cartons currently have a very limited presence.
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