Press release
Aseptic Processing Market Strategies, Drivers, Top Players, Segmentation Forecast 2024 To 2033
Aseptic Processing Market
The Business Research Company offers in-depth market insights through Aseptic Processing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The aseptic processing market size has grown strongly in recent years. It will grow from $76.82 billion in 2023 to $81.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to extended shelf life requirements, globalization of food trade, consumer preference for fresh-like products, pharmaceutical industry growth, dairy industry expansion, regulatory standards and compliance.
The aseptic processing market size is expected to see strong growth in the next few years. It will grow to $103.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rise in ready-to-eat meals, expanding pharmaceutical pipeline, emergence of new beverage categories, sustainable packaging solutions, healthcare industry expansion. Major trends in the forecast period include single-use technologies, filling and sealing technologies, cell and gene therapies, integration of robotics and automation, sustainable aseptic packaging.
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Market Segmentation:
The aseptic processing market covered in this report is segmented -
1) By Equipment Type: Processing Equipment, Packaging Equipment
2) By Material: Paper & Paperboard, Metal, Glass, Plastic
3) By Application: Beverages, Food, Pharmaceuticals, Other Applications
Major Driver - Pharmaceutical Supply Surge Fuels Expansion Of Aseptic Processing Market
Growing demand for pharmaceutical supplies is expected to propel the growth of the aseptic processing market going forward. Aseptic packaging and processing equipment are vital components in the pharmaceutical industry, as they clean and sterilize products, containers, closures, and machine components prior to manufacturing, to maintain bacteria-free packaging and production process. The rapid growth in demand for pharmaceutical supplies due to a rise in awareness about various diseases, and an increase in self-medication practices, contributed to growth in pharmaceutical production activities and equally contributed to utilizing aseptic processing in production and packaging activities. For instance, according to The European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade association and lobbying organization, in 2021 North America accounted for 49.1% of world pharmaceutical sales compared with. 23.4% for Europe. Therefore, the growing demand for pharmaceutical supplies is driving the aseptic processing market.
Competitive Landscape:
Major companies operating in the aseptic processing market report are Robert Bosch GmbH, Becton Dickinson and Company, Tetra Laval International S.A., E.I. du Pont de Nemours and Company, Sealed Air Corporation, GEA Group Aktiengesellschaft, Alfa Laval AB, Krones AG, Bühler AG, John Bean Technologies Corporation, SPX FLOW Inc., KHS GmbH, Sidel Group, Elopak Group, GEMU Valves Inc., Scholle IPN, Serac Group, CFT Group S.p.A., Stork Food & Dairy Systems B.V., Osgood Industries Inc., Industria Macchine Automatiche S.p.A, FBR-ELPO S.p.A., Federal Mfg. Co., Goma Engineering Pvt. Ltd., SaintyCo, MicroThermics Inc., Machinery & Equipment Company Inc., Nikka Densok Limited, Aseptic Technologies SA, Shanghai Joylong Industry Co. Ltd., Industria Polieco Iper S.r.l.
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Top Trend - Strategic Partnerships Driving Innovation In The Aseptic Processing Market
Major companies operating in the aseptic processing industry are adopting a strategic partnership approach to provide innovative and comprehensive solutions for sterile packaging and production needs. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in March 2023, ProAmpac, a US-based flexible packaging company, partnered with FirstWave Innovation, a US-based manufacturer of aseptic food products. With this partnership, companies developed Aseptic Spouted Pouches. FirstWave's aseptic filling technology, coupled with ProAmpac's short-run pouching abilities, enables co-packers to introduce convenient, custom-printed spouted pouches for shelf-stable liquid food. This capability is perfect for market trials, trade shows, product samples, and launches, aligning with FirstWave's precise processing capacities and facilitating aseptic product innovation across various scales.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aseptic Processing Market Characteristics
3. Aseptic Processing Market Trends And Strategies
4. Aseptic Processing Market - Macro Economic Scenario
5. Aseptic Processing Market Size And Growth
…..
27. Aseptic Processing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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