Aseptic Packaging Market in Europe 2017-2021
About Aseptic Packaging Market in Europe
Aseptic packaging consists of the filling of sterilized perishable items in pre-sterilized packages which is made of rigid and flexible plastics, metal, and other materials in a sterile environment. Aseptic packages ensure Extended Shelf Life (ESL) for the contents inside them and maintain their original texture, aroma, and other functional characteristics. The items inside are sterilized using Ultra-High Temperature (UHT) treatment and do not need any additives for preservation.
Technavio’s analysts forecast the Aseptic Packaging Market in Europe to grow at a CAGR of 7.33% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the Aseptic Packaging Market in Europe for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of aseptic packaging to various industries, which include healthcare, beverages, food, and other industries. The others market in the end-user segmentation includes personal care, cosmetic, and household care products industries.
Technavio's report, Aseptic Packaging Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Aseptic Packaging Market in Europe 2017-2021
Technavio recognizes the following companies as the key players in the aseptic packaging market in Europe: Amcor, Bemis, DuPont, Reynolds Group Holdings, and Tetra Laval.
Other Prominent Vendors in the market are: Greatview Aseptic Packaging, Sealed Air, DS Smith, SIG Combibloc, Printpack, and Bosch.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing consumer awareness of health and wellness. Manufacturers worldwide are working to raise awareness related to consuming unprocessed milk, and to promote the benefits of packed milk. In some markets, consumers still buy loose, unpacked milk, which is poured into plastic bags. The consumption of product is unhealthy, as loose milk is contaminated and high in bacteria.”
According to the report, one of the major drivers for this market is growing pharmaceutical and healthcare industry in Europe. The pharmaceutical industry is one of the most competitive industries in Europe because of its substantial investments in research and development(R&D). This industry is an asset to the European economy, and a key source of growth and employment. It is estimated that the industry generated a revenue of more than $210 billion in 2016. According to our analysis, the R&D investments in this industry have led the pharmaceutical industry to grow in Europe.
Further, the report states that one of the major factors hindering the growth of this market is high initial investment. The initial investments in the installation of a new packaging equipment are high. This is primarily because the vendors in the aseptic packaging market experience additional costs, owing to difficulties related to the working efficiency of the equipment, which can arise during the implementation.
Amcor, Bemis, DuPont, Reynolds Group Holdings, Tetra Laval, Greatview Aseptic Packaging, Sealed Air, DS Smith, SIG Combibloc, Printpack, and Bosch.