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.
Browse 135 market data tables and 65 figures spread through 201 pages and in-depth TOC on “Aseptic Processing Market – Global Forecast to 2022”
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=53206289
Early buyers will receive 10% customization on this report.
Despite being more complex than canning or terminal sterilization, aseptic technologies and products are gaining importance, owing to the increase in preferences for eco-friendly packages, improved equipment and technologies in packaging industry, growth in demand for pharmaceutical supplies, rise in demand for convenience & quality food products, and growth of the dairy beverage.
Packaging equipment segment is growing at the highest CAGR in the equipment market
In 2015, the packaging equipment segment accounted for the largest share in the equipment market in terms of value, which is also projected to grow at a higher CAGR from 2017 to 2022. There is an increase in trend of application industries demanding integrated machines. Thus, the manufacturers are attempting to integrate the aseptic processing machines into the filling operations or the packaging machines, which is expected to accelerate the growth of the packaging equipment market in the forecast period. The equipment used in the packaging segment are filling, sealing, and closing. Filling linear machines and rotary machines are largely used in the packaging segment.
Food & beverages: The dominance of the segment will continue in the equipment market
In 2015, the food & beverage segment accounted for the largest share in the equipment market in terms of value, and is projected to grow at a higher CAGR from 2017 to 2022. The various dairy products that undergo aseptic processing and packaging include, UHT milk, creams, fermented dairy products, concentrated and condensed milk, flavored & formulated dairy products, and other dairy products. Beverage products include, fruit juices, carbonated drinks, tea, coconut water, and energy drinks. The dairy and beverages subsegment is expected to experience the highest growth, owing to the new consumer base demanding more of healthy and tasty products, and this is expected to intensively drive the dairy and beverages subsegment of food & beverages. Demand for greater variety in flavor and increase in demand for existing flavors such as chocolate, strawberry, and banana are also the major drivers to boost the dairy product range.
Pharmaceuticals sub-application is growing at the highest CAGR in the industrial application segment of the equipment market
On the basis of sub-application, the industrial application segment is segmented into pharmaceuticals and cosmetics. Increase in awareness of using highly sterile devices, innovations of new drugs, improved packaging techniques, and growth in demand for pharmaceutical supplies are some of the major drivers of the aseptic processing and packaging equipment demand in the pharmaceutical industry.
Asia-Pacific is projected to be the fastest-growing region in the aseptic processing market
Asia-Pacific is projected to be the fastest-growing market for packaging as well as the equipment market of the aseptic processing market, owing to its increasing economy with a large population base ready to spend on processed food and rapidly growing consumer markets of China, India, and Japan.
In this region, technological advancements and the need for innovative packaging have resulted in new opportunities for aseptic processing. The growth in demand for packaged milk & dairy products and convenience products, and innovations of new drugs and improved packaging techniques, raise the need for the growth of the aseptic processing market.
This report studies marketing and development strategies, along with the product portfolios of leading companies such as Robert Bosch GmbH (Germany), E.I. Du Pont De Nemours and Co (U.S.), Tetra Laval International S.A. (Switzerland), SPX FLOW, Inc. (U.S.), and IMA S.p.A (Italy). Other players include Becton, Dickinson and Co (U.S.), Amcor Limited (Australia), GEA Group (Germany), Greatview Aseptic Packaging Co., Ltd (China), and JBT Corporation (U.S.).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Company Name: MarketsandMarkets
Contact Person: Rohan
Address:701 Pike Street, Suite 2175
Country: United States