Analysis by Packaging (Standard/Base Shape, Slim, Square, and Others); and by End-User {Food & Beverage, Dairy (Milk, Yoghurt, Ice Cream Mix, and Others), and Others} – Global Supply & Demand Analysis & Opportunity Outlook 2022-2035
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The global aseptic carton packaging market is estimated to garner a revenue of USD 24,065.3 Million by the end of 2035 by growing at a CAGR of 6.2% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 12,445.8 Million in the year 2022. The growth of the market can be attributed to growing preference of customers towards natural food and beverages products. Consumer are getting more conscious about their health and hence their focus on organic food is growing. For instance, about 75% of adult in 2022 bought organic food owing to health concerns. Additionally, for the majority of customers, health became their first priority since the COVID-19 epidemic. Since many people believe organic foods to be healthier than conventional foods, interest in organic foods has grown. Also, changing lifestyle of people is also estimated to boost the demand for organic food, hence further boosting the growth of the market.
Organic or natural food and beverage are known to have various nutrients. Hence aseptic carton plays a significant role in preserving the nutrients present in food for longer period of time. Further, there has been growing wastage of food all across the globe. For instance, one third of the food produced annually is lost or wasted, and food loss and waste still contribute to about 7% of all global GHG emissions. Hence, the preference for aseptic carton is growing since it permits producers to keep their goods on the shelf for an extra six to twelve months without refrigeration. Therefore, the wastage of food at retailer and consumer level is reduced. Further, it enables food to maintain more color, texture, flavor, and nutrition while also ensuring that both food and packing materials are free of dangerous microorganisms when food is packaged. Hence, the demand for aseptic carton packaging is growing.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
6.2% |
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Base Year Market Size (2022) |
USD 12,445.8 Million |
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Forecast Year Market Size (2035) |
USD 24,065.3 Million |
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Regional Scope |
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Growth Drivers
Growing Demand for Beverages Among People- Beverages are thought to be the aseptic carton packaging market's most widespread application. Hence the growing demand for beverages is estimated to boost the market growth. Further among beverages, milk is estimated to be preferred by large number of people owing to its nutrients content. Across major demographics, an about 68% of adults believe that milk is the most nutrient-dense type of beverage. Among adults, about 38% think 2% milk is the healthiest option, while approximately 30% think whole milk is the best option. Hence, the use of aseptic carton packing is favored for such products since it preserves product quality, increases shelf life, and prevents contamination and microorganism growth. This is accomplished by sterilizing the packaging containers prior to packaging. Hence growing preference of people for milk is estimated to boost the growth of the market.
Surge in Demand for Ready-to-Eat Products - The percentage of Americans who ate ready-to-eat food in 2020 was close to 35%.
Rise in Investment for Food & Beverage Industry - Investment for food and beverage businesses surged by about 74% annually to approximately USD 4 billion in 2020.
Upsurge in Wastage of Food - In the world, one-third of the food produced for human use is lost or squandered. This comes to nearly 2 billion tonnes annually, or about USD 2 trillion.
Growth in Export of Beverages - Non-alcoholic beverage exports increased by about 25% between 2019 and 2020, from about USD 440 million to approximate USD 558 million.
Challenges
The global aseptic carton packaging market is segmented and analyzed for demand and supply by end-user into food & beverage, dairy, and others. Out of which, the dairy segment is anticipated to hold the largest market revenue of USD 14,481.9 Million by the end of 2035, up from a revenue of USD 7,310.3 Million in the year 2022. Further, this segment is anticipated to grow at a highest CAGR of 6.5% over the forecast period, backed by a rising need for low-cost, environmentally friendly packaging options that could increase dairy products' shelf lives without sacrificing their quality. Also, there has been growing export of dairy products which is also increasing need for aseptic carton which would further increase the shelf life of dairy products and keep it fresh during export. For instance, there were about 253 shipments of dairy milk products from India, shipped by about 44 Indian exporters to approximately 85 buyers. Additionally, by dairy, the market is further segmented into milk, yoghurt, ice cream mix, and others. Amongst which, the milk segment is anticipated to garner the highest revenue of USD 7,707.6 Million by the end of 2035, up from a revenue of USD 3,573.2 Million in the year 2022.
The global aseptic carbon packaging market is also segmented and analyzed for demand and supply by packaging into standard/base shape, slim, square, and others. Out of which, the standard/base shape segment is anticipated to generate largest revenue of USD 12,211.0 Million by the end of 2035, up from a revenue of USD 5,802.9 Million in the year 2022. Further, the segment is estimated to grow at a highest CAGR of 7.0% over the forecast period, backed by shifting customer preferences away from preservatives and any other harsh ingredients in food packing, especially liquid food products. Multiple layers of plastic, paperboard, and aluminum foil make up the aseptic container, which gives its contents a longer shelf life without the need for refrigeration or preservatives.
Our in-depth analysis of the global aseptic carton packaging market includes the following segments:
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By Packaging |
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By End-User |
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The Asia Pacific aseptic carton packaging market, amongst the market in all the other regions, is projected to hold the largest market revenue of USD 11,298.6 Million by the end of 2035, up from a revenue of USD 5,357.9 Million in the year 2022. Further, the market is this region is estimated to grow at a highest CAGR of 7.1% over the forecast period, backed by growing demand for quality and convenience products, a change in lifestyle of consumer, the surge of the dairy beverage market, and a rapid growth in purchasing power in the Asia-Pacific region. In 2018, the aggregate consumption of dairy products in Asia and the Pacific was more than 63 billion kg, with Asia accounting for about 94% of the consumption. The market for aseptic carton packaging would also be driven by the expanding demand for processed food in the market.
Additionally, the market in Europe region is estimated to garner the second highest revenue of USD 5,655.4 Million by the end of 2035, up from a revenue of USD 3,099.0 Million in the year 2022. The growth of the market in this region can be attributed to increasing need for environmentally friendly packaging that is highly recyclable and keeps the nutritious value of the contents while extending the shelf life of the product. Hence, owing to the growing advantages of aseptic carton packaging, it is becoming highly preferred by most dietary-conscious beverage brands in Europe region. Additionally, to meet consumer demand, a number of businesses are concentrating on developing technological advances for the manufacture of aseptic cartons.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global aseptic carton packaging market that are included in our report are, Tetra Pak, Elopak, Mondi, SIG, Nippon Paper Industries Co., Ltd., UFlex Ltd. (Asepto), IPI S.r.l., LAMI PACKAGING (KUNSHAN) CO., LTD., Dai Nippon Printing Co., Ltd., Heli Packaging Technology (Qingzhou) Co., Ltd., Greatview Beijing Trading, Co., Ltd., and others.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: The major factors driving the growth of the market are growing demand for beverages among people, surge in demand for ready-to-eat products, rise in investment for food & beverage industry, and others.
Ans: The market is anticipated to attain a CAGR of 6.2% over the forecast period, i.e., 2023 – 2035.
Ans: Strict government regulation on use of plastic and recycling products, need for great technology understanding, and fluctuating prices of raw material are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Tetra Pak, Elopak, Mondi, SIG, Nippon Paper Industries Co., Ltd., UFlex Ltd, (Asepto), IPI S.r.l., LAMI PACKAGING (KUNSHAN) CO., LTD., and more.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by packaging, end-user and by region.
Ans: The dairy segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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