Press release
Aseptic Packaging for the Pharmaceutical Market Growth Overview by Top Key Players - Reynolds Group Holdings Limited (New Zealand), Amcor Limited (Australia), Becton, Dickinson and Company (US)
In 2018, the global Aseptic Packaging for the Pharmaceutical market size was 6660 million US$ and it is expected to reach 11300 million US$ by the end of 2025, with a CAGR of 6.8% during 2019-2025.
The major key players covered in this report: E.I. du Pont de Nemours and Company (US), Robert Bosch GmbH (Germany), Tetra Laval International S.A. (Switzerland), Reynolds Group Holdings Limited (New Zealand), Amcor Limited (Australia), Becton, Dickinson and Company (US), Bemis Company, Inc. (US), Greatview Aseptic Packaging Co., Ltd. (China), IMA S.P.A (Italy), and Schott AG (Germany).
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Average industry gross margin is about 25%, that is to say, Aseptic Packaging for the Pharmaceutical Project is a good investment choice. However, disadvantage factors and threat such as many similar products in Aseptic Packaging for the Pharmaceutical for Pharmaceuticals Industry should be considered.
Asia-Pacific is one of the fastest-growing aseptic packaging markets, owing to the massive adoption of the technology, coupled with increasing concerns regarding product safety and shelf-life. China is also emerging as one of the dominating countries, even at the global level.
The sale of aseptic packages proliferated in China, registering a sales volume of about 80 billion units over the period 2013-2016. According to the USDA, China's demand for imported dairy products is expected to increase. However, China's retaliatory tariffs on US dairy products are expected to make it difficult for US dairy companies to take advantage of this situation, thus, opening up an opportunity for local vendors.
China has invested more in the development of aseptic packaging technology and equipment. Guangdong, Beijing, Shanghai, Wenzhou, and Ningbo produce aseptic packing machines of paper boxes, plastic cups, equipment, and packaging materials of ultra-high temperature sterilization. China has remained one of Tetra Pak's major markets. However, with local enterprises entering into the aseptic packaging industry, Tetra Pak's shares in the Chinese market have reduced.
This report segments the global Aseptic Packaging for the Pharmaceutical Market based on Types are:
Vials & Ampuls, Prefillable Syringes, Solution IV Bags, Sterilization Bags.
Based on Application, the Global Aseptic Packaging for the Pharmaceutical Market is Segmented into:
Solid Medicines, Liquid Chemicals, Intravenous Injection, For Medicines and Other usage.
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In December 2016, Amcor acquired Detmold Flexibles (Australia) for USD 500 million. This acquisition enabled Amcor's flexible packaging business to further improve the customer value proposition in the packaging market.
In December 2015, Bemis Company, Inc. acquired Emplal Participacoes S.A. (Brazil), a manufacturer of rigid plastics for food and consumption applications. The acquisition enhanced the company's position in South America and strengthened its product portfolio.
In March 2015, Bosch Packaging Technology established a regional service hub for South America in Sao Paulo, Brazil. This hub provides a comprehensive support for pharmaceutical, food, and processing equipment.
In September 2014, DuPont announced its plans to increase its ethylene copolymer assets at its Texas manufacturing facilities to meet the growing market demand. Its plans included an investment of USD 100 million and are expected to be completed in the next 3 years.
In February 2017, Tetra Pak announced an investment of USD 25.3 million for its plant for packaging closure in Southeast Asia. The investment would help the company to expand its business in the emerging Asian market.
In August 2018, Sealed Air expanded its solutions portfolio and design capabilities with the acquisition of AFP Inc., a leading, privately held fabricator of foam, corrugated, molded pulp, and wood packaging solutions.
Regions covered by Aseptic Packaging for the Pharmaceutical Market Report.
North America: United States, Canada, and Mexico.
Central and South America: Brazil and Argentina.
The Middle East and Africa: Saudi Arabia, and Turkey.
Europe: Germany, France, UK, Italy, Spain, and Russia.
Asia-Pacific: China, India, Japan, South Korea, Australia, Indonesia, and Singapore.
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis of segmentation help in offering precise results about the markets related to industry.
Significant Features that are under Offering and Key Highlights of the Reports:
- Detailed overview of Aseptic Packaging for the Pharmaceutical Market
- Changing Aseptic Packaging for the Pharmaceutical market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected Aseptic Packaging for the Pharmaceutical market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Aseptic Packaging for the Pharmaceutical Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth.
The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/02281117370/global-aseptic-packaging-for-the-pharmaceutical-market-size-status-and-forecast-2019-2025?source=openpr&mode=86
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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