Aseptic Packaging Market in Europe Projected to be Worth USD 14.73 Billion by 2021: Technavio

LONDON–(BUSINESS WIRE)–#Asepticpackaging–According to the latest market study released by Technavio,
the aseptic
packaging market in Europe is projected to grow to USD
14.73 billion by 2021, at a CAGR of more than 7% over the forecast
period.

This research report titled ‘Aseptic
Packaging Market in Europe 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

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Based on the type of packaging, the report categorizes the aseptic
packaging market in Europe into the following segments:

• Aseptic bottles
• Aseptic vials and ampoules
• Aseptic prefilled syringes
• Aseptic carton
• Aseptic bags and pouches
• Other aseptic packaging products

The top three revenue-generating packaging segments in the aseptic
packaging market in Europe are discussed below:

Aseptic bottles

“The aseptic bottles segment holds the largest share of the
European aseptic packaging market, and is expected to grow swiftly due
to the growing demand for easy-to-handle and shock resistant bottles,”
says Shakti Jakhar, a lead analyst at Technavio for packaging
research.

The aseptic bottles are also known to provide a shelf-ready appearance
for the product, which further boosts their popularity. The market
segment is expected to grow because of technological innovations, such
as hot filling of products in PET bottles and aseptic cold filling in
PET and high-density polyethylene (HDPE) boxes and bottles.

Aseptic vials and ampoules

The aseptic vials and ampoules market in Europe is expected to reach a
value of USD 2.28 billion by the end of 2017 and continue to grow
swiftly through the forecast period. Vials or ampoules are small
hermetically sealed vessels or bottles made of glass or plastic used to
stock medicines in liquid or powder form.

Vials and ampoules can be either single dose or multidose, their usage
depending upon the application area. Currently, the trend of adopting
plastic over the glass as the raw material is creating an impact on the
market, due to issues such as breakage and delamination that is inherent
to glass vials and ampoules.

Aseptic prefilled syringes

“Aseptic prefilled syringes occupied nearly a fifth of the
packaging market in Europe. It is expected to slightly increase its
market shares by 2021, driven by the demand for affordable, accurate,
and safe parenteral containers,” says Shakti.

Pharmaceutical companies are viewing prefilled syringes as the most
appropriate way of selling injectable products. This is because the wide
scope of the syringe application and its ability to meet the customers’
requirements. The demand is driven by an uptake in the number of
self-injecting patients and the development of biologic drugs.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• Amcor
• Bemis
• DuPont
• Reynolds Group Holdings
• Tetra Laval

Browse Related Reports:

• Global
  Chemicals Packaging Market 2017-2021
• Pharmaceutical
  Packaging Market in North America 2017-2021
• Global
  Ampoules Packaging Market 2017-2021

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

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