Aseptic Packaging Market Size
The aseptic packaging market was worth around $50.86 billion in 2020 and is expected to increase at a rate of more than 8.7% per year from 2021 to 2027. The increasing packaging sector, especially in the Asia Pacific region's emerging economies like India, China, and Japan, is expected to increase the use of aseptic packaging.
Aseptic packaging is the process of putting a sterile or aseptic item, like food or medicine, into a sterile container in a way that keeps the item sterile. Aseptic packaging is great for packing drinks and pharmaceuticals since it makes the end items last longer without needing to be kept in the fridge.
This kind of packaging was mostly made from renewable materials and used about 60% less plastic than other options, thus it is a good choice for the environment. The food and drink industry will be the main driver of the aseptic packaging market share. The main uses for aseptic packaging are in the food and drink and dairy product industries. With more and more demand in these areas.
People want aseptic packaged foods because they want ready-to-eat foods to be packaged in a way that is cleaner and safer. As more milk is produced in the Asia Pacific region, dairy products will become more popular, which will contribute to a rise in demand for these items in the region.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Aseptic Packaging Market Size in 2020 | USD 50.86 Billion |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 8.7% |
| 2027 Value Projection | USD 90.53 Billion |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 195 |
| Tables, Charts & Figures | 179 |
| Segments covered | Product, End-user, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Asia Pacific is currently thought to have the biggest proportion of the global packaging business, and this trend is likely to continue in the coming years. The main reason for this steady growth rate is that big companies are moving their factories to developing countries in the region, including India and China, where labor and production costs are low.
Aseptic Packaging Market Analysis
The bottles segment had the biggest proportion of the market in 2020, with 36%. It is expected to increase at a rate of more than 7.1% per year through 2027, mostly because they are used more and more in the beverage sector. There are two primary kinds of bottles glass and plastic. They are the greatest way to store liquids like milk, juices, and other drinks that go bad quickly.
Food with minute pieces, such pickles, baby food, sauces, and so on, is put into glass jars in a way that keeps germs out. Also, cartons are expected to increase at the greatest CAGR of 7.7% during the assessment period. Aseptic carton packs keep the nutritional value, quality, and taste of the food within for a long time. They also keep the food safe from light and other contaminants.
The beverage category was the biggest part of the global market and is expected to make up over 35% of the volume share by 2027. The key reasons for its growth are its high impact resistance, tensile strength, strong stiffness, and resistance to light, moisture, and oxygen. Aseptic packaging is great for packing drinks since it keeps them fresh for longer without needing to be refrigerated. It also helps lower logistical costs, which increases the segment's growth potential during the predicted period.
The dairy industry is predicted to develop a lot since more milk is being produced in Asian countries and there is an increasing need for clean packaging in this segment because dairy products go bad quickly. In 2018, the world made 843 million tons of milk, up from 824 million tons in 2017. Because of this boost in milk production, all types of dairy products were made in greater numbers. So, the value of the aseptic packaging industry will go up in the next several years because of this rise in dairy products.
The Asia Pacific region has the largest share of the global aseptic packaging market since its food and drink industry is so big. The food and drink sector is developing because more people are moving to China and India. This is increasing the need for aseptic packaging. In 2019, the food market in Asia made around $1 trillion. It is predicted to rise by 6% each year in the next few years.
Also, the rise in milk production, mostly in India, will probably have an effect on the expansion of the whole business. For example, India's milk production went grown from 165.4 million tons in 2017 to 198 million tons in 2020. In terms of volume, Europe also had a 25% market share in 2020 and is expected to increase at a CAGR of 6.2%. The aseptic packaging market will increase because the food and drink industry in Europe is booming and the product has great properties that make it good for packaging food and drinks.
Aseptic Packaging Market Share
Global aseptic packaging industry players are majorly focused on innovative product launches and business expansion. Major players are expanding their production capacities and regional presence in emerging economies. Some of the key manufacturers include
- Amcor Limited
- Krones AG
- DowDuPont Inc.
- Agropur Cooperative
- Scholle IPN
- Ecolean Lamican International Oy
- Tetra Laval International S.A.
- AB International Oy
- Sealed Air Corporation
- Goglio S.P.A
- IPI SRL
- Printpack Inc.
The aseptic packaging market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD billion from 2017 to 2027 for the following segments
By Product
- Bottles (Glass, Plastic)
- Cartons
- Vials, Prefilled Syringes & Ampoules
- Bags & Pouches
- Others
By End-user
- Food
- Diary
- Beverage
- Pharmaceutical
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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