Market Analysis
The aseptic packaging market is projected to grow at a notable CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Aseptic packaging, simply put, is a specialized manufacturing process where pharmaceutical, food, or other contents are separately sterilized from packaging. The contents are then inserted into a container in an environment that is sterile. It uses a very high temperature to maintain the contents’ freshness and also at the same time ensure that the same is not contaminated with microorganisms. This packaging process is used for different beverages and food products such as pudding, tomatoes, soup, and milk and also at the same time is used in the pharmaceutical industry to make sure that medications are not polluted with harmful bacteria. It is generally made of paperboard, glass, metal, and plastic and its different types include ampoules, bags and pouches, bottles and cans, cartons, and others. Owing to its alluring features and benefits, aseptic packaging has wide applications in pharmaceutical, beverages, food, and others.
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Various factors are propelling the global aseptic packaging market share. According to the recent MRFR report, such factors include growing demand for transportation for longer distances, growth in dairy and milk products, need for uniform and high-quality product, down-gauging of packaging, call for higher nutrient retention, avoid BPA controversy, demand for ready-to-eat food products, rising urbanization, booming packaging industry, and increased shelf life safety offered. Besides, the market has witnessed ample growth during the on-going COVID-19 pandemic, where customers have shifted to panic stocking and online retail that has led to a growing demand for essential food items like vegetables, baby food, and milk.
On the contrary, stringent government regulations on plastic packaging and the presence of alternative processes like pasteurization, ESL, and hot fill technology may limit the global aseptic packaging market growth over the forecast period.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global aseptic packaging market based on application, type, and material.
By material, the global aseptic packaging market is segmented into paperboard, glass, metal, and plastic.
By type, the global aseptic packaging market is segmented into ampoules, bags and pouches, bottles and cans, cartons, and others. Of these, bottles and cans will lead the market over the forecast period.
By application, the global aseptic packaging market is segmented into pharmaceutical, beverages, food, and others. Of these, beverages will dominate the market over the forecast period.
Key Players
Eminent players profiled in the global aseptic packaging market report include SIG Combibloc Group AG (Switzerland), Molopak LLC (Russia), Sealed Air Corporation (U.S.), ELOPAK Group (Norway), Reynolds Group Holdings Limited (U.S.), SIG Combiboc Obeikan (Switzerland), Greatview Aseptic Packaging Co., Ltd.(China), Tetra Pak International S.A.( Switzerland), and Amcor Limited (Australia).
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Regional Analysis
By region, the global aseptic packaging market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), the Rest of the World (RoW). Of these, the APAC region will dominate the market over the forecast period. Increasing ready-to-eat food consumption, changing food habits, rising population, changes in the food manufacturing industry, emphasis on product safety, and demand for packaged food are adding to the global aseptic packaging market growth in the region.
The global aseptic packaging market in Europe is predicted to have the second-largest share over the forecast period, in North America is predicted to have sound growth, and in the RoW will have steady growth during the forecast period.
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