Aseptic Packaging Market Size to Exceed USD 75,548.7 Million by 2027 at 7.07% CAGR – Report by Market Research Future (MRFR)
Aseptic Packaging Market Research Report: Information, by Material (Plastic, Paper & Paper board, Metal, and Glass), by Type (Cartons, Bottles & Cans, Bag & Pouches, Vials & ampoules, and Prefillable Syringes) by Application (Food, Beverages, and Pharmaceuticals), Region (North America, Europe, Asia Pacific, Middle East & Africa, South America), Competitive Market Size, Share, Trends, and Forecast Forecast till 2027
New York, US, May 10, 2022 (GLOBE NEWSWIRE) — Aseptic Packaging Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), “Aseptic Packaging Market Information by Material, Type, Application and Region – Forecast till 2027”, the market is estimated to grow at a CAGR of 7.07% CAGR to reach USD 75,548.7 million by 2027.
Market Scope:
Aseptic packaging is a method of preventing virus and bacteria contamination by packing a beverage or food product at ultra-high temperatures (UHT), sterilizing or disinfecting its package discretely, and then fusing and sealing it under sterilized atmospheric conditions. Plastic, glass, paperboard, and metal are used to make cans, containers, cartons, and other aseptic products. The use of aseptic packing extends the shelf life of packaged goods. It is also environmentally beneficial.
Competitive Dynamics:
The prominent players in the global aseptic packaging market are
- Tetra Pak International S.A. (Europe)
- AMCOR PLC (Australia)
- Greatview Aseptic Packaging Co., Ltd (China)
- SIG Combibloc Group Ltd (Europe)
- ELOPak group (Europe)
- Sealed Air Corporation (US)
- Berry Global Inc (US)
- Schott AG (Germany)
- Printpack (US)
- Liquibox (US)
- Krones AG (Germany)
- DuPont (US)
- Ecolean ab (Europe)
- Goglio s.p.a (Europe)
- International Paper (US)
- Westrock Company (US)
- Sonoco Products Company (US)
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Market Dynamics:
Market Drivers:
Factors driving the worldwide aseptic packaging market include rising demand from the food and beverage industry, the growth of the packaging industry, and the need to improve product shelf life. Beverages, pet foods, packaged foods, tobacco products, and other food items are all part of the food and beverage sector. The growing consumption of immunity-boosting foods, rising demand for premium and organic food, the use of digital platforms for marketing, and rising demand for stored food products, as well as the growing population with high disposable income, have all contributed to an increase in demand for food and beverage products.
There is an increasing need for long-lasting convenience foods that are either bacterial-free or can delay bacterial infection. Food preservatives are widely used in the food industry to extend shelf life and maintain product quality. However, people are becoming more aware of the negative consequences of eating processed meals laced with additives. The rise of the food and beverage industries is directly responsible for the increase in demand for aseptic packaging. The global aseptic packaging market has been greatly influenced by the increased demand for food transparency, online purchasing possibilities, and organic food options.
Market Restraints:
Raw material price fluctuations, on the other hand, are projected to limit industry expansion. Plastic, polymer, polystyrene, glass, paper, and aluminum are the most common materials used in aseptic packaging. The availability of raw resources, global and local demand and supply trends, and government regulations all influence raw material costs. Polymer and aluminum prices are quite unpredictable, which will have an impact on packaging costs. Furthermore, the company’s financial performance may be harmed as a result of this change. Another stumbling block to the market’s expansion is the technological know-how and skills necessary to set up a plant for aseptically packaging items. Establishing an aseptic packaging factory necessitates extensive expertise of this form of packaging and the end-use sector served, as it necessitates cautious handling at every step.
Browse In-depth Market Research Report (134 Pages) on Aseptic Packaging: https://www.marketresearchfuture.com/reports/aseptic-packaging-market-2188
COVID-19 Evaluation:
Due to the COVID-19 epidemic, the demand for packaging has reduced significantly in the industrial sectors. Due to considerable changes in on-premises and off-premises operations, the packaging industry is likewise seeing a mixed influence. Pharmaceuticals, food, beverages, and personal care goods all use packaging manufactured by packaging makers. Many food chain establishments, such as cafes and restaurants, have completely shuttered in nations all over the world, affecting the packaging sector tremendously. Due to manpower and raw material shortages, as well as other issues, industrial plants have closed.
Market Segmentation:
Plastic, paper & paperboard, metal, glass, and others are the different types of materials used in the global aseptic packaging market.
Cartons, Bottles & Cans, Bag & Pouches, Vials & Ampoules, Prefillable Syringes, and Others are the several types of aseptic packaging available.
The global aseptic packaging market is divided into four categories: food, beverages, pharmaceuticals, and others.
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Regional Analysis:
During the forecast period, the North American aseptic packaging market is expected to rise at a rapid pace. Global market companies extending their presence in the region, as well as strategic advancements between raw material suppliers, are credited with the expansion. Bormioli Pharma S.p.A., an Italian glass and plastic packaging manufacturer serving the global pharmaceutical market, has also bolstered its North American services operations.
Because of the new guidelines imposed by the European Union (EU) authorities for pharmaceutical packaging on fraudulent medications in 2017, Europe is expected to increase significantly throughout the research period. Anti-counterfeiting technologies, such as overt, covert, and forensic technology, have been established by EU authorities for pharmaceutical packaging, leading to the continued development of packaging methods and procedures by pharmaceutical packaging companies in the region.
China is the leading aseptic packaging customer in Asia-Pacific, followed by India. The aseptic packaging industry is likely to be driven by China’s developing food and beverage sectors. With its growing preference for simple product packaging, India is likely to lead the Asia-Pacific aseptic packaging market.
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