Aseptic Packaging Market to Hit $67.47 Billion in 2021: Growth Analysis

Aseptic Packaging Market to Hit $67.47 Billion in 2021: Growth Analysis
Aseptic Packaging Market
Aseptic Packaging Market

According to the report, global demand for aseptic packaging market is expected to reach above USD 67.47 Billion in 2021 and is anticipated to grow at a CAGR of above 10.1% till 2021.

Aseptic techniques are the method used for killing and preventing the microbial contamination using different techniques. Aseptic packaging is the process that uses the aseptic techniques for packaging juices, soups, desserts, drugs, chemicals etc. Aseptic packaging can be done using two pre-packaging techniques such as packing of sterile products such as dairy products, sauces, juices and others. Whereas, packaging of nonsterile products into the aseptic packs avoid microbial contamination, in fermented products, yogurt, and butter.

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Milk and dairy industry products require high aseptic environment due to less shelf life and are prone to spoilage. Therefore, escalating dairy industry drives the aseptic packaging market. Moreover, use of aseptic packaging in the pharmaceutical sector for packaging drugs and chemicals contributes to the growth of aseptic packaging market. Increasing consumption of beverages in emerging economies such as Asia Pacific and Latin America stimulates the growth of the market. However, lack of awareness in the underdeveloped countries along with high capital cost may curb the growth of this market. Nevertheless, surging demand from the developing countries and research for product development is likely to offer ample opportunities for the aseptic packaging market in the near future.

The aseptic packaging market can be segmented on the basis of types, materials used, applications and region. The end products can be delivered to the consumers via different packaging types such as bags & pouches, cartons, vials & ampoules, pre-filled syringes and bottles & cans. Bottle, cans, bags, and pouches are gaining high demand in recent times owing to easy availability and handling, and rising preference of consumers towards the bottles, cans, and pouches. Rising awareness of aseptic conditions had led the packaging industry to adopt various septic preventing materials. Some of the materials used for packaging are glass, plastic, paperboard, and metal. Plastic and paperboard are the majorly consumed materials. However, growing environmental concern has led regulations over the use of plastics and paper for packaging.

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Aseptic packaging possesses numerous applications for several purposes. It finds extensive application in pharmaceutical, food, medical applications, beverages and other areas. Food and beverages are the accelerating application segment owing to high demand for processed and packed food. Moreover, the pharmaceutical is the leading application segment due to high demand for aseptic conditions in the packaging of drugs and chemicals.

Asia Pacific is witnessing an unprecedented boom in recent times and is expected to gain traction in the forecast period. This was mainly contributed by expanding beverage and dairy industry along with rising disposable income and rapid industrialization. North America exhibit high growth in aseptic packaging owing to increasing pharmaceutical sector in U.S. Europe is expected to grow at the faster pace, due to growing demand for processed food and stringent packaging regulations. Latin America, Middle East, and Africa are anticipated to experience sustainable growth for the aseptic packaging market. Factors attributing to the growth are escalating dairy industry in Brazil and rising living standards coupled with increasing demand for packed food in these regions.

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Some of the leading participants in the aseptic packaging market are Dickinson & Company, Robert Bosch GmBH, Ecolean Packaging, Schott AG, Parish Manufacturing, Greatview Aseptic Packaging Co Ltd., Becton, Printpack, Tetra Laval, E.I. du Pont de Nemours and Company, Scholle Packaging, Amcor Limited and Reynolds Group Holdings among others.