Analysis by Packaging Type (Bags & Pouches, Bottles, Cans, Cartons, and Others); by Materials (Paper & Paperboard, Glass, Metals, Plastics, and Others); and by End User Industry (Food & Beverages, Pharmaceuticals, Chemicals, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023 – 2035
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The global aseptic paper packaging market is estimated to garner revenue of ~USD 35 billion by the end of 2035 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2035. Further, the market generated revenue of ~USD 15 billion in the year 2022. The growth of the market can be attributed to rising awareness of infectious disease prevention across the globe. For instance, it is noticed that the annual rate of people dying on account of infectious diseases such as antimicrobial resistance is approximately 1 million globally.
Global aseptic paper packaging market trends such as higher requirements to keep dairy products safe and long-lasting and growing disposable income. These are projected to influence the growth of the market positively over the forecast period. It was observed that in 2020, approximately 900 million tons of milk was produced across the globe. Moreover, the spiking utilization of aseptic paper packaging of soft drinks is further projected to hike the growth of the market over the forecast period. For instance, in 2022, the soft drink segment was projected to hit about USD 0.80 trillion. Hence, all these factors are anticipated to propel the growth of the market over the forecast period.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~10% |
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Base Year Market Size (2022) |
~USD 15 billion |
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Forecast Year Market Size (2035) |
~USD 35 billion |
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Regional Scope |
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Growth Drivers
Higher Requirements in Medicine Packaging - In 2021, it was observed that around USD 1.5 trillion was spent on medicines across the globe. Medicines are developed with certain compounds and chemicals to ease, cure, or prevent diseases along with the diagnosis of illnesses. The medicines come in the form of inhalers, liquids, tablets, drops, capsules, suppositories, and others. Medicine packaging is important to protect them against moisture and oxygen and to provide a controlled atmosphere. Hence, such higher requirement is estimated to hike the growth of the market during the forecast period.
Growing Demand for Aseptic Paper Packaging in Chemical Industry- As of 2021, the chemical industry worldwide was projected to generate total revenue of approximately USD 5 trillion.
Rising Utilization in Food Packaging Across the Globe - For instance, the food & drink segment was projected to generate approximately USD 0.75 billion of total revenue in 2022 globally.
Spiking Production of Paper & Paperboard - It is estimated that in 2020, the global production of paper & paperboard reached about 400 metric tons.
Challenges
The global aseptic paper packaging market is segmented and analyzed for demand and supply by the end-user industry into food & beverages, 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 can be accounted to the rising demand for aseptic paper packaging to pack meals and others products. For instance, in 2022, the food segment was projected to drop to nearly USD 15 billion. Aseptic paper packaging is used to pack products such as jam, dairy products, sauces, and fresh fruits. They undergo the process of sterilization before packaging which helps in enhancing the product quality at the same time increases the shelf life of that product. Aseptic packaging is a type of packaging in which food is first put under pro sterilized vessel for enhancing its shelf stability. This keeps the food quality better outside the container as well. Growing demand for food and beverage products from various regions is driving the growth of this segment.
The global aseptic paper packaging market is segmented and analyzed for demand and supply by packaging type into bags & pouches, bottles, cans, cartons, and others. Out of which, the carton segment held the largest market in 2020 owing to the growth in substitutes solution for packaging liquids products such as dairy products, juices, and other beverages. This segment is expected to have a high market share in the forecast period. Cartons are environment-friendly packaging items made up of paperboard with plastic and metal lining. After this segment, the bags and pouches segment is anticipated to have a significant market share in the forecast period. This can be attributed to owing rise in demand for the pharmaceuticals, food, and beverage industries.
Our in-depth analysis of the global aseptic paper packaging market includes the following segments:
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By Packaging Type |
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By Material |
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By End User Industry |
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The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035. The growth of the market in the region can be ascribed to the significant demand for aseptic paper packaging in the food and beverage industry. It is estimated that in 2022, the ready-to-eat meals segment in the region was projected to generate gross revenue of about USD 300 billion. Moreover, the increment in urbanization and industrialization is further anticipated to propel the growth of the market over the forecast period. Growing urbanization and industrialization has increased the demand for better food and healthcare in the region. Aseptic paper packaging is widely used in the packaging of dairy products, medicines, bread, and meat products to keep them safe from virus contamination and improve their quality.
The market in North America is anticipated to grow fast in the forecast period. This can be attributed owing to the increasing pharmaceutical industry in the region. Besides, being used in the food and beverage industry, aseptic paper packaging plays a major role in the pharmaceutical industry as well, especially in the North American region. A variety of medicinal products are produced with the help of an aseptic paper packaging process which further boosts the market in this region. A large population in the region demands technologically advanced and developed healthcare which is raising the demand in this market for packaging products such as drugs, ampoules, and vials.
Ans: Growing demand for aseptic paper packaging in the chemical industry is the major factor driving the growth of the aseptic paper packaging market.
Ans: The market is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 – 2035.
Ans: The harmful impact of aseptic paper on the environment is the factor likely to hamper the market growth.
Ans: The market in Asia Pacific 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 Amcor Limited, Sonoco Product Company, UFlex Limited, Sealed Air Corporation, DS Smith Plc, Stora Enso Oyj, International Paper Company, Smurfit Kappa Group, WstRock Company, and many 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 material, packaging type, region, and end user.
Ans: The food and beverage segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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