The Global Aseptic Food And Beverage Packaging Market Size is valued at 32.12 billion in 2023 and is predicted to reach 59.61 billion by the year 2031 at an 8.21% CAGR during the forecast period for 2024-2031.
Aseptic food and beverage packaging essentially sterilize solid or liquid products before packing and sealing them in sterile environments. It is used to retain food's freshness, flavor, and nutritional value and to make milk, juices, yogurt, cream, liquid eggs, salads, desserts, and dressings.
The primary cause driving the market growth rate is the rising urban population and changing customer preferences against food preservatives. Additionally, the changing eating patterns of consumers are leading to an increase in the preference for quick-to-prepare foods, rising demand for quick-to-prepare, high-quality foods, and rising demand for quick-to-use products, all of which will contribute to the market's expansion.
However, the high costs of R&D prevent the aseptic food and beverage packaging market from expanding.Numerous market prospects are anticipated to be created by the advent of new product developments, the introduction of more sophisticated and novel packaging, and electronic logistics processing. On the other hand, the government's strict controls on plastic packaging present a significant barrier to the market's expansion for aseptic food and beverage packaging.
Recent Developments:
- In March 2021, Nongfu Spring expanded its product line by adding a new item. This product can process high and low acids in PET and is adaptable and secure. The Chinese beverage company used this line to help them release new Ready-to-Drink (RTD) beverages that were aseptically packaged in PET bottles.
- In February 2021, the India-based plant of Varun Beverages Ltd, a member of the RJ Corp group and a global franchisee of PepsiCo Inc., has Sidel's Aseptic Combi Predis installed. This initiative aims to increase PET bottling capacity and give private label producers more production flexibility. RJ Corp is introducing liquid dairy products (LDP) in PET for commercial use in India by utilizing revolutionary aseptic dry preform sterilization technology.
Competitive Landscape:
The key players in the aseptic food and beverage packaging market are:
- Tetra Pak International S.A.
- WestRock Company
- Amcor Plc
- SIG Combibloc Group AG
- Greatview Aseptic Packaging Co., Ltd.
- Ecolean AB
- Elopak AS
- IPI S.r.l.
- M.A. Industria Macchine Automatiche S.p.A.
- Krones AG
- Scholle IPN Packaging, Inc.
- Sealed Air Corporation
- Sidel International
- SIG Combibloc Group AG
- Syntegon Technology GmbH
- UFlex Limited
- Other Prominent Players
Market Segmentation:
The aseptic food and beverage packaging market is segmented by product type and application. Based on product type, the market is segmented into cartons, PET bottles and cans, sachets and pouches, and others. Based on application, the aseptic food and beverage packaging market is segmented into food (Dairy Food, Fruits and Vegetables, Meat and Seafood, Processed Food) and beverage (Dairy Beverages, Juices, Ready-to-Drink Beverages).
Based on product type, the carton segment is accounted as a major contributor to the aseptic food and beverage packaging market.
The carton category grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the expected time because alternate container options for dairy, fruit juices and other beverage items are becoming more prevalent. Because they are primarily constructed of paperboard and have a plastic and metal liner, cartons are less hazardous to the environment and compostable. The demand for goods, including soy, almond, and fresh juice and drinks, has increased due to the trend toward a healthy lifestyle, fueling the segment's expansion. Additionally, the move toward food and beverage goods that can be enjoyed on the go can be blamed for the significant increase in PET bottles, cans, and other segments. The popularity of simple-to-use beverage items has increased due to today's fast-paced consumer lifestyle.
The food and beverages segment witnessed growth at a rapid rate.
The food and beverages category is anticipated to grow significantly over the forecast period due to the FMCG sector's increased demand for packaging products. Fruits, jellies, dairy goods, and sauces are packaged using these products. Before packaging, sterilizing preserves product quality and extends shelf life. A crucial food processing technique is aseptic-type packaging, in which food products are packaged inside pre-sterilized vessels to improve shelf stability. With this method, the food remains sterile outside of the container. The demand for the product is driven by rising food and beverage demand from developing economies.
The Asia Pacific aseptic food and beverage packaging market holds a significant revenue share in the region.
The Asia Pacific aseptic food and beverage packaging market is expected to register the highest market share in revenue in the near future. Due to consumers' increasing demand for convenience food products in the region, the region has the greatest share of the global market. Demand for better food and beverages has increased as a result of population growth. This includes staples like dairy goods, bread and confections, and meat, all of which need an aseptic environment to keep them, fresher, for longer. In addition, North America is projected to grow rapidly in the global aseptic food and beverage packaging market due to the quickly expanding food and beverage sector. Product consumption is driven by the country's high economy and capacity to create technologically sophisticated medical products. The strong demand for liquor and other alcoholic and non-alcoholic beverages in the area is another factor promoting the uptake of beverage packaging solutions. Companies might spend money on this packaging to stop these drinks from becoming contaminated.
Aseptic Food And Beverage Packaging Market Report Scope
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Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 32.12 billion |
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Revenue forecast in 2031 |
USD 59.61 billion |
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Growth rate CAGR |
CAGR of 8.21% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, Volume in Units and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Workflow, Application, End-use |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Tetra Pak International S.A., WestRock Company, Amcor Plc, SIG Combibloc Group AG, Greatview aseptic Packaging Co., Ltd., and Ecolean AB, among others. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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