Aseptic Packaging Market Outlook 2031
The global aseptic packaging market size was valued at USD 18.57 Billion in 2022 and is anticipated to surpass USD 43.08 Billion by 2031, expanding at a CAGR of 9.8% during the forecast period, 2023–2031. The growth of the market is attributed to the growing demand for ready-to-eat food products. Growth in the packaging industry is raising the demand for aseptic packaging across the globe.
Aseptic packaging is specialized manufacturing process, where pharmaceutical, food, and other contents are sterilized separately from packaging. It maintains the freshness of the products and also ensures that it is not contaminated with microorganism. The aseptic packaging is used in different food products and beverages such as soup, pudding, milk, tomatoes, and others. It is also used in pharmaceutical industry to make sure that medicines are not polluted with harmful bacteria.
Various materials are layered together for the protection required for aseptic packaging such as film foil and polyethylene. Film foil preserves the products by keeping oxygen and light away from products. Polyethylene is used on outer and inner sides of aseptic packaging to protect product against moisture entering or exiting the container.
Aseptic Packaging Market Trends, Drivers, Restraints, and Opportunities
- Shifting consumer preference for the quality products is projected to drive the market growth during the forecast period.
- Growing number of rules and regulations by government against the use of food preservatives is estimated to propel the market expansion in the coming years.
- High cost of producing aseptic packaging and high initial investment is expected to hinder the market growth during the forecast period.
- Variations in environmental mandates globally regarding packaging industry act as major challenge that can impede the market expansion.
- R&D investment and technological advancement in aseptic packaging is anticipated to create immense opportunities for the market players.
Scope of Aseptic Packaging Market Report
The report on the global aseptic packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Aseptic Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Product Types (Pharmaceutical Industry [Vials and Ampoules, Prefillable Syringes, IV Bags, and Bottles], Beverage Industry [Milk and Other Dairy Beverages, Fruit Beverages, and Ready-to-drink Beverages], and Food Industry [Baby Food, Dairy Foods, Soups and Broths, Processed Foods, Fruits and Vegetables, and Others])
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
UFlex Limited; Amcor Plc; Tetra Laval International S.A.; DS Smith Plc.; Stora Enso Oyj; Mondi Plc.; Smurfit Kappa Group Plc.; Reynolds Group Holdings Limited; Sonoco Products Company; SIG Combibloc Group AG, Sealed Air Corporation; and Schott AG
Aseptic Packaging Market Segment Insights
Product Type Segment Analysis
Based on product types, the global aseptic packaging market is divided into pharmaceutical industry, beverage industry, and food industry. The pharmaceutical industry is further classified into vials and ampoules, prefillable syringes, IV Bags, and bottles. The beverage industry is further bifurcated into milk and other dairy beverages, fruit beverages, and ready-to-drink beverages.
The food industry is further segregated into baby food, dairy foods, soups and broths, processed foods, fruits and vegetables, and others. The bottles segment in pharmaceutical industry is expected to constitute a key share of the market during the forecast period owing to suitability for storing liquid and solid form of drugs in bottle and rising use of oral drug delivery mode due to patient convenience and compliance.
However, the milk and other dairy beverages segment in beverage industry is anticipated to expand at a rapid pace during the forecast period due to high usage of milk and milk products across the globe. The demand for excellent packaging in various products is increasing for safety and easy use.
On the other hand, the processed foods, fruits and vegetables segment in food industry is anticipated to expand at a rapid pace during the forecast period due to growing demand for packed and processed foods by consumers attributed to their changing lifestyle.
On the basis of regions, the global aseptic packaging market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period.
The regional market growth can be attributed to rising inclination towards convenient products packaging and increasing food industry as well as beverages industry. On the other hand, the market of Middle East & Africa is expected to exhibit a rapid growth rate in the coming years due to high usage of aseptic packaging in various food products.
The global aseptic packaging market has been segmented on the basis of
- Pharmaceutical Industry
- Vials and Ampoules
- Prefillable Syringes
- IV Bags
- Beverage Industry
- Milk and Other Dairy Beverages
- Fruit Beverages
- Ready-to-drink Beverages
- Food Industry
- Baby Food
- Dairy Foods
- Soups and Broths
- Processed Foods, Fruits and Vegetables
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key players competing in the global aseptic packaging market include UFlex Limited; Amcor Plc; Tetra Laval International S.A.; DS Smith Plc.; Stora Enso Oyj; Mondi Plc.; Smurfit Kappa Group Plc.; Reynolds Group Holdings Limited; Sonoco Products Company; SIG Combibloc Group AG, Sealed Air Corporation; and Schott AG.
Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.