The Global Aseptic Packaging Market Size is valued at 73.86 billion in 2023 and is predicted to reach 156.39 billion by the year 2031 at a 9.91% CAGR during the forecast period for 2024-2031.
Aseptic packaging is filling sterile vessels under aseptic conditions with an accessible business sterile commodity and capping the receptacles to prevent contamination. Aseptic packaging technologies are evolving, bringing material efficiency benefits for food and beverage production companies while handing out food safely to users. The present aseptic processing and packaging lines are the most efficient in terms of cost management. Utility food products with a long shelf life that are also free of bacterial contamination are in high demand.
Food additives are commonly used in food processing to increase shelf life and maintain product quality. Yet, individuals are increasingly aware of the dangers of eating processed meals with contaminants. Over the forecast period, the aseptic packaging market will likely benefit from a gradual rise in global e-commerce sales and development prospects in rising markets of developing countries.
On the other hand, the aseptic packaging market is influenced by the quickly fluctuating prices of raw materials utilized by the packaging industry. Additionally, the COVID-19 outbreak severely harmed the building, industrial, and oil and gas sectors, and building activities were also hampered or halted. Industrial and shipping activities, as well as their supply - chain, were also disrupted on a global scale, which impeded the expansion of the aseptic packaging market for a short time.
Recent Developments:
- In February 2023-SIG will construct its first aseptic carton facility in India, the world's largest milk market and one of the top juice manufacturers, Ahmedabad, Gujarat, will be the plant's location. The investment will fund cutting-edge production capabilities for aseptic carton packs that meet stringent environmental printing and finishing specifications.
- In November 2022-Amcor PLC announced its goal of recyclable all of its aseptic products. Amcor has made strides toward making all products recyclable, reusable, or compostable by 2025, with 74% of the company's total manufacturing weight already designed to be recyclable and a growing variety of creative solutions with more eco-friendly features.
Competitive Landscape:
Some of the Aseptic Packaging market players are:
- Amcor Limited
- Becton, Dickinson and Company
- Bemis Company, Inc
- Berry Global Inc (US)
- DS Smith (U.K.)
- I. du Pont de Nemours and Company
- ECOLEAN AB (Europe)
- Elopak Group (Norway)
- Goglio s.p.a (Europe)
- Greatview Aseptic Packaging Co., Ltd
- IMA S.P.A
- International Paper (US)
- Krones AG (Germany)
- LIQUIBOX (US)
- Printpack (U.S.)
- Reynolds Group Holdings Limite
- Robert Bosch Gmb
- Schott AG
- Sealed Air Corporation (US)
- SIG Combibloc Group Ltd (Europe)
- Sonoco Products Company (US)
- Tetra Laval International S.
- Westrock Company (US)
Market Segmentation:
The aseptic packaging market is segmented by type, material and application. The aseptic packaging market is bifurcated based on type into cartons, bottles & cans, bags & pouches market, and others. The aseptic packaging market is bifurcated into paper, cardboard, plastic, metal, and glass & wood based on material. Based on application, the Aseptic Packaging market is bifurcated into food, beverage, pharmaceutical, and others.
Based On Type, The Segment Is A Major Contributor To The Aseptic Packaging Market
The cartons category will hold a major global market share in 2024. Paperboard and thin layers of aluminum and plastic are used to make aseptic boxes. The growth of the beverage, dairy, and dairy substitute industries is predicted to be positive over the projection period due to expanding population and changing consumer dietary trends.
The Pharmaceutical Segment Witnessed Growth At A Rapid Rate
The pharmaceutical segment is projected to grow rapidly in the global aseptic packaging market. Aseptic packaging in the pharmaceutical industry is often composed of a material such as plastic or glass and is employed to keep pharmaceutical medicines sterile. The packaging protects pharmaceutical products from degradation, pollutants, and microbes. Given consumers' medical issues, technical advancements in the biopharmaceutical industry and increasing spending power will likely fuel demand for pharmaceutical applications over the projection period.
The North America Aseptic Packaging Market Holds A Significant Regional Revenue Share
The North America aseptic packaging market is expected to record the highest market share in revenue soon. North America's rapidly developing pharmaceutical industry is driving a larger market for aseptic packaging. The government's capacity for producing technologically sophisticated medical items, supported by the country's thriving economy, drives product demand. Additionally, growing product utilization for clinical packaging of drugs, vials, and ampules results from a large population's need for good health care. Businesses that invest in better beverage packaging products are increasing packaging consumption.
In addition, Asia Pacific is projected to augment in the global aseptic packaging market. The packaged food and beverage market's growth due to changing consumer lifestyles and rising buying power among Asian consumers are predicted to boost industry growth. Businesses from developed economies are likely to relocate manufacturing plants to the region to capitalize on increased end-user demand.
Aseptic Packaging Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 73.86 Bn |
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Revenue forecast in 2031 |
USD 156.39 Bn |
|
Growth rate CAGR |
CAGR of 9.91% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2024 to 2031 |
|
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 statistics, growth prospects, and trends |
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Segments covered |
Type, Material, And Application |
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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; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
E.I. du Pont de Nemours and Company, Robert Bosch GmbH, Tetra Laval International S.A, Reynolds Group Holdings Limited, Amcor Limited, Becton, Dickinson and Company, Bemis Company, Inc., Greatview Aseptic Packaging Co., Ltd, IMA S.P.A, and Schott AG 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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