(I-BusinessNews.Com, January 23, 2020 ) The 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. 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.).
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.
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Robert Bosch GmbH (Germany)
Bosch Packaging Technology, a subsidiary of Robert Bosch GmbH, is a global leading supplier of process and packaging machinery, and is a part of the company’s industrial technology segment. The company ensures that the packaging machineries manufactured are absolutely safe and sterile and meet the highest hygiene standards. It caters to the pharmaceuticals, food, and confectionery industries, and also select segments of the beverages industry.
Bosch focuses on acquisitions by acquiring Kliklok-Woodman Corporation, Decatur, GA (USA) a leading manufacturer of packaging machines for the food industry in September 2015, to expand its position in the food industry. It continuously upgrades its product portfolio by launching new products that include filling and sealing machines. In June 2016, the company also launched the TTM product with a new topload cartoner for pharmaceutical customers in March 2016.
Tetra Laval International S.A. (Switzerland)
Tetra Laval International S.A. (Tetra Laval) operates in the packaging, processing, and distribution of food & beverages. In addition, it works on agricultural production and herd management. It is further subdivided into three independent segments, namely, Tetra Pak, DeLaval, and Sidel. Tetra Laval, which manufactures and markets its packaging beverage products through its group industry Sidel Group, headquartered in Switzerland. Sidel is a leading provider of production equipment and services for liquids in PET, can, and glass. It has a broad range of products and solutions for the liquid food packaging industry.
Out of these three independent segments, Tetra Pak generates its major revenue by providing aseptic packaging solutions. The Tetra Laval group provides efficient solutions to the local customers. It has expanded globally and tried to cover most of the sectors in the beverage packaging.
The company has a strong hold on the Asia-Pacific market. Acquisitions and joint ventures with foreign companies can contribute to its growth. The company’s main focus is on R&D, which ensures that the quality of products offered is always high. New technology and innovations adopted by the company would ensure its growth in foreign markets. With strategic acquisitions and planning, the company would have a substantial market share in the North American region as well.
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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 developed markets such as North America and Europe, the market is projected to witness relatively slow growth during the forecast period.
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