The aseptic packaging market is expected to see the Asia-Pacific region emerge as the new leader by 2025, as increased demand from the region has led to manufacturers establishing themselves and forging partnerships to serve customer requirements in the region. The economic growth in countries such as China, India, and Japan is also a key factor for the industry’s growth. Established players are establishing partnerships with local players, and also setting up manufacturing units in the region due to the advantages such as tax credits.
Companies make use of lower cost of raw material and R&D in the Asia-Pacific region which allows them to benefit with better margins. Tax credits offered by countries and the setup of special economic zones in several countries have helped companies to create Greenfield projects. The aseptic packaging market in China holds the largest share in the Asia-Pacific region, due to its attractive industrial policy and rising population. The increasing demand for packaged food and government mandates towards the use of aseptic packaging is also expected to fuel demand.
in the region, as the rising middle class population and the increasing demand for packaged foods has led to companies adopting the aseptic packaging techniques. Rise in consumer awareness towards the use of pesticides has resulted in companies to switch to aseptic packaging to avoid public outcry. The climate in maximum parts of the Asia-Pacific regions is also a major factor towards the adoption of aseptic packaging methods, as the hot climates in some countries can lead to lower shelf life of the food products.
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India has emerged to be the fastest growing market
The use of aseptic packaging in food is not the only major growth factor; this type of packaging is being adopted in the pharmaceutical industry. The high presence of pharmaceutical manufacturers and requirement for export of the products has led to higher demand for aseptic packaging in the region.
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