The report “Aseptic Processing Market by Equipment (Processing and Packaging), Application (Bakery & Confectionery, Dairy & Beverages, Poultry, Seafood & Meat, Convenience Food, Fruits & Vegetables, and Industrial), Packaging, and Region – Global Forecast to 2022″, The market for aseptic processing, by equipment is projected to reach USD 12.24 Billion by 2022, growing at a CAGR of 3.8% from 2017, in terms of value. The packaging market is projected to reach USD 77.25 Billion by 2022, growing at a CAGR of 10.6% from 2017, in terms of value.
The global aseptic processing market is studied under the scope of packaging and equipment, this market includes players such as Robert Bosch GmbH (Germany), E.I. Du Pont De Nemours and Company (U.S.), Tetra Laval International S.A. (Switzerland), SPX FLOW, Inc. (U.S.), IMA S.p.A (Italy), Becton, Dickinson and Co (U.S.), Amcor Limited (Australia), GEA Group (Germany), Greatview Aseptic Packaging Co., Ltd (China), and JBT Corporation (U.S.). This aseptic packaging market is projected to reach USD 77.25 Billion by 2022, growing at a CAGR of 10.6% from 2017, in terms of value. The aseptic equipment market is projected to reach USD 12.24 Billion by 2022, growing at a CAGR of 3.8% from 2017, in terms of value.
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The growth of the aseptic processing market is projected to be driven by the increase in demand for convenience products around the world. The demand for dairy packaging and growth of the pharmaceutical market are also major factors driving the aseptic processing market. The growth of the packaging industry will have a positive impact on the aseptic processing market as consumers give preference to packaged and branded food as compared to the ones that are sold loose and not branded.
The market is highly fragmented, with key market players adopting investments and strategic alliances—through agreements and acquisitions—with other players to strengthen their business. The market is considerably competitive, owing to the leading players that innovate new types of packaging used in a variety of applications. This is done by actively investing in research & development activities and attracting new customers with their products. These developments are contributing toward the development of more environment-friendly and recyclable packaging products.
Asia Pacific is projected to be the fastest-growing market for aseptic packaging during the forecast period. The growth of the aseptic packaging market in the region is attributed to the increased demand for pharmaceutical and convenience products in countries such as China and India, which in turn increases the consumption of aseptic packages for food, beverage, and pharmaceutical applications in the region. Due to the increasing demand for aseptic processing solutions in the developed markets such as North America and Europe, the market is projected to witness a relatively slow growth during the forecast period.