LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global aseptic packaging market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Sharan Raj, a lead analyst from Technavio, specializing in research on packaging sector says, “Some of the key drivers contributing to the demand for aseptic packaging are the increased preference for packaged and convenience foods among consumers, longer shelf life provided by aseptically packaged products, high disposable income of consumers, rise in the number of corporate employees, and increase in the launch of eco-friendly products.”
Request a sample report: http://www.technavio.com/request-a-sample?report=56406
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
- Enhanced production capacity
- Growth in demand from dairy sector
- Increased demand from emerging markets
Enhanced production capacity
Vendors in the global aseptic packaging market such as Tetra Laval are increasing their production capacity, which already stands at billions per annum. All the major vendors in this market are expected to post a double-digit growth rate in their production capacity during the forecast period. The major reason for this rapid increase in production capacity is the rise in demand for aseptically packaged products such as dairy products and cosmetics. Hence, the enhanced production capacity of vendors is expected to propel the growth of the global aseptic packaging market during the forecast period.
Growth in demand from dairy sector
Aseptic packaging is increasingly being used to package milk and dairy products to increase their shelf life. These products have a low acid content, so they are vulnerable to microorganisms. Techniques like ultra-high temperature processing of milk and dairy products are gaining popularity and driving the growth of the global aseptic packaging market. The process is carried out for 15-20 seconds, and the products are subsequently filled in sterilized containers. APAC was the dominant market for the dairy sector, which accounted for more than 35% of the global dairy market in 2016.
“Increased consumption of milk and dairy products worldwide has led to a rise in adoption of aseptic packaging techniques. This trend is expected to continue during the forecast period ensuring that the aseptic packaging process gains popularity,” says Sharan.
Increased demand from emerging markets
Most of the regions in the world are witnessing increased demand for food and beverage products, especially dairy products. This is primarily because of the economic growth in developing countries such as China and India.
According to the Food and Agriculture Organization of the UN, about 42% of food produced in APAC was wasted in 2014. Such wastage of products leads to financial losses for retailers and manufacturers. To overcome this problem, packaging vendors have come up with aseptic milk packaging, which maintains product quality and increases the shelf life of food and beverages products. Consumer acceptance has also increased as product quality, in terms of flavor and freshness, has been enhanced.
Browse Related Reports:
- Global Stand-up Pouches Market 2016-2020
- Global Liquid Packaging Board Market 2016-2020
- Global On-the-go Packaging Market 2016-2020
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like tags and labels; transportation and distribution; and warehouse and storage. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.