Aseptic Packaging Market size is estimated to cross USD 35 Billion by the end of 2033, growing at a CAGR of 10% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of aseptic packaging was around USD 16 Billion. The growth of the market is primarily accounted for 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 a factor also acts as a boon for the growth of the packaging market over the forecast period.
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. Moreover, the capability of reuse and recyclability of aseptic packaging material has significantly contributed to the market growth owing to functional and economic reasons.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
10% |
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Base Year Market Size (2022) |
USD 16 Billion |
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Forecast Year Market Size (2033) |
USD 35 Billion |
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Regional Scope |
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Application (Food & Beverage, Pharmaceuticals, Chemicals)
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 global food segment was projected to reach USD 15 billion. Moreover, the growing ratio of working people is another factor that is fueling the growth of the aseptic packaging over the forecast period. Also, the rising demand from the FMCG sector such as packaging fruits, jams, dairy products, and sauces among others which needs sterilization before packaging to maintain the product quality along with increasing its longevity is expected to increase the utilization rate of aseptic packaging in the upcoming years. In addition, increased demand for food and beverages from people living outside the home brings in the need for aseptic packaging to deliver safe and hygienic food items is also attributed to the increase in the sales of aseptic packaging in the forecast period.
Materials (Glass, Paper & Paperboard, Plastic, Metals)
The global aseptic packaging market is also segmented and analyzed for demand and supply by materials into glass, paper & paperboard, plastic, metals, and others. Out of these, the plastic segment is attributed to holding the most significant share as plastic aseptic packaging is being highly used in making bags & pouches, bottles & cans, cartons, and others. Plastic aseptic packaging is expected to be used more in the packaging industry in the coming years owing to its advantageous properties such as flexibility, high resistance to chemicals and heat, and contamination protection. On the other hand, the glass segment is also anticipated to grow with a notable CAGR rate and garner a noteworthy share in the market, on the back of rising awareness about sustainable packaging solutions to curb pollution and protect the environment. Glass is easy sterile and has a non-reactive nature making with suitable for packing acidic items along with wine, juice, and soda.
Our in-depth analysis of the global market includes the following segments:
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By Packaging Type |
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By Materials |
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By Application |
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Asia Pacific Market Forecast
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 region's market growth is primarily attributed to the growing consumption of aseptic packaging and the food & beverage industry, as well as the region's elevated packaged food production rate. These include day-to-day packaged foods such as dairy products, bread & confectionary, and meat that require aseptic packaging to keep the products fresh for a longer period. 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. Furthermore, the growing pharmaceutical industry has increased the demand for medicines owing to the presence of a large patient pool is anticipated to increase the sales of aseptic packaging to increase the shelf life of medicines.
North American Market Forecast
On the other hand, the North America market is also projected to grow at a significant share and garner a noteworthy revenue. The ability to produce technologically advanced aseptic packaging along with the support of the growing economy and growth in the Gross Domestic Product (GDP) of the region is considered to be the major factor for market growth in the region. Other factors include high demand from end-use industries such as packaging, food & beverages, automotive, pharmaceutical, and others.
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 unveils 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
Author Credits: Sadaf Naaz, Mohd Shadab
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