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PACKAGING

Aseptic Packaging Market Analysis by Packaging Type (Bags & Pouches, Bottles & Cans, Vials & Ampoules, Carton, and Others); by Materials (Glass, Paper & Paperboard, Plastic, Metals, and Others); and by Application (Food & Beverage, Pharmaceuticals, Chemicals, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Amcor Limited is prestigiously known as a global leader in producing and developing packaging solutions. The company has made a significant investment in ePac Flexible Packaging. The investment is provided to spur the growth of the company.

  • Sealed Air Corporation to unveil its new brand, prismiq which is a digital packaging brand to provide solutions associated with smart packaging, design services, and others. The company’s new brand is attached to state-of-the-art digital printing technology.

Global Aseptic Packaging Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~10%

Base Year Market Size (2022)

~ USD 16,000 Million

Forecast Year Market Size (2033)

~ USD 35,000 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

The global aseptic packaging market is estimated to garner revenue of ~USD 35,000 million by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2033. Further, the market generated revenue of ~USD 16,000 million in the year 2022. The growth of the market is primarily accounted to the radically rising demand for aseptic packaging to prevent food born infectious diseases. For instance, it is observed that approximately 1 million deaths are caused by antimicrobial resistance every year. Besides this, aseptic packaging keeps the quality of food or beverage without adding any sort of preservatives into them, such factor is also acts as a boon for the growth of the aseptic packaging market over the forecast period.

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Global aseptic packaging market trends such as, the booming demand for aseptic packaging in the chemical industry and pharmaceuticals are projected to influence the growth of the market positively over the forecast period. For instance, the global chemical industry was estimated to generate total revenue of about USD 5 trillion in 2021. Additionally, the higher requirement for aseptic packaging to keep medicine effective for a long time is further forecast to hike the growth of the market over the forecast period. The development and production of medicine have been spurred by growing spending on R&D. For instance, in 2021, around USD 1.5 trillion was spent on medicine development across the globe. Aseptic packaging is important since it prevents microorganisms from entering the package during or after the packaging. Hence, all these factors are anticipated to hike the growth of the market over the forecast period.

Global Aseptic Packaging Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand in Food & Beverage Industry – For instance, as of 2022, the food & drink segment was estimated to generate total revenue of around USD 0.75 billion. In the modern time, people are living hectic lives and have no time for proper meals, in the case the up surged inclination of the global population can be observed. Many companies are selling ready-to-eat and packaged meals which convenient to prepare and consume. Hence, a need for the sterilization of such types of food emerges in the market that is fulfilled by the aseptic packaging.

  • Increasing Production of Paper & Paperboard - In 2021, the consumption of paper & paperboard was projected to reach around 400 million tons.

  • Rising Utilization in the Packaging of Soft Drinks - The soft drink segment in 2022 was anticipated to drop to around USD 0.80 trillion.

  • Significant Requirement to Keep Dairy Product Fresh - Milk production is growing exponentially YOY owing to various reasons, for instance, in 2020, about 900 million tons of milk were produced worldwide.

  • Significant Upsurge in Pharmaceutical Industry - For instance, the pharmaceutical sector in the United States was valued at over USD 2.8 trillion as of November 2021.

Challenges

  • Negative Environmental Impact of Aseptic Packaging – Most of the aseptic packaging is made up of plastic which highly impacts the environment and leads towards the soil pollution, and water pollution. Thus, this factor is estimated to hamper the market growth over the projected time frame.

  • Requirement for Higher Initial Investment

  • Disrupted Supply-Chain due to COVID-19

The global aseptic packaging market is segmented and analyzed for demand and supply by application into food & beverage, pharmaceuticals, chemicals, and others, out of which, the food & beverage segment is projected to witness noteworthy growth over the forecast period. The growth of the segment is accounted to the increasing consumer pool who prefer packaged or processed food. For instance, in 2022, the total revenue generated by the food segment was projected to reach USD 15 billion. Moreover, growing ratio of working people is another factor which is fueling up the growth of the aseptic packaging market over the forecast period.

Global Aseptic Packaging Market Regional Synopsis

The Asia Pacific aseptic packaging market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market in the region is majorly attributed to the rising demand for aseptic packaging and the food & beverage industry. For instance, the total revenue generated by the ready-to-eat meals segment in Asia was projected to reach approximately USD 300 billion in 2022. Additionally, growing industrialization and urbanization are further expected to hike the growth of the market over the forecast period.

Market Segmentation

Our in-depth analysis of the global aseptic packaging market includes the following segments:

     By Packaging Type

  • Bags & Pouches
  • Bottles & Cans
  • Vials & Ampoules
  • Carton
  • Others

      By Materials

  • Glass
  • Paper & Paperboard
  • Plastic
  • Metals
  • Others

       By Application

  • Food & Beverage
  • Pharmaceuticals
  • Chemicals
  • Others

Top Featured Companies Dominating the Global Aseptic Packaging Market

  • Sealed Air Corporation

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Amcor Limited
  • UFlex Limited
  • DS Smith Plc
  • Stora Enso Oyj
  • International Paper Company
  • Smurfit Kappa Group
  • WstRock Company
  • Bemis Company, Inc.
  • Sonoco Product Company

 

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