WASHINGTON and NEW YORK and LONDON, May 20, 2016 /PRNewswire/ -- MarketResearch.com published a blog post providing insights into the growth drivers and the competitive landscape for aseptic packaging.
To learn more, visit our blog: http://hubs.ly/H032kJM0
The major drivers of growth in aseptic packaging include easy distribution for food and beverages and drug sterility requirements. In 2015, pharmaceuticals were the largest market for aseptic packaging, accounting for nearly 61% of total demand.
According to Freedonia Group Analyst Esther Palevsky, "Formidable competition and technological complexity limits the number of competitors." There are fewer than 100 companies competing in the U.S. aseptic packaging market. A majority of firms are suppliers of pharmaceutical packaging, but there are a number of companies engaged in the production of aseptic packaging for food and beverage applications.
According to Aseptic Packaging, a report by The Freedonia Group, U.S. demand for aseptic packaging is forecast to reach $6.5 billion by 2020. This growth will outpace that of the overall packaging industry.
To learn more, check out the report: http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Aseptic-Packaging-9944660/?progid=88713
This report and other Freedonia reports are also available on www.profound.com, where subscribers are able to purchase the individual sections, chapters, tables, or charts of a report they need without having to pay for the pieces they don't.
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