Aseptic Packaging Market to Grow with a CAGR of 7.41% through 2028
Surge in research and development activities is
expected to drive the Global Aseptic Packaging Market growth in the forecast
period, 2024-2028.
According to
TechSci Research report, “Aseptic Packaging Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the Global
Aseptic Packaging Market stood at USD19.06 billion in 2022 and is anticipated
to grow with a CAGR of 7.41% in the forecast period, 2023-2028. The initiatives
taken by government based on aseptic packaging has led to favorable market
conditions for the Global Aseptic Packaging Market. Several factors contribute
to the growth of various aseptic packaging products.
In
Western Europe, governments have launched several comprehensive and
forward-thinking initiatives specifically targeting the issue of plastic
packaging waste. These initiatives are not only aimed at mitigating the
environmental impact of plastic waste, but also emphasize the urgent need to
transition towards more sustainable packaging alternatives. Aseptic packaging,
which is primarily made from renewable resources such as plant-based materials,
has emerged as a promising solution that aligns perfectly with the goals of
these initiatives. Its eco-friendly nature, coupled with its ability to
preserve the quality and freshness of products, has led to a significant
increase in its adoption across various industries.
Meanwhile,
in the United States, the Food and Drug Administration (FDA) plays a crucial
role in ensuring the safety and quality of aseptic processing and packaging
within the food industry. The FDA has implemented rigorous guidelines and
regulations that outline the strict standards and protocols that must be
followed during the aseptic packaging process. By adhering to these guidelines,
food manufacturers can confidently deliver products to consumers that are not
only convenient and long-lasting, but also safe from potential foodborne
illnesses. This commitment to consumer protection and quality assurance has
solidified the reputation of aseptic packaging as a reliable and trustworthy
packaging solution in the United States.
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New
product introductions resulting from extensive research and development
(R&D) efforts have proven to be a driving force behind the growing market
demand. These innovations have sparked the development of highly advanced
aseptic packaging materials and designs that not only offer superior product
protection but also extend the shelf life of various goods. For instance, companies
have introduced cartons equipped with user-friendly easy-pour spouts and
resealable caps, providing unparalleled convenience to consumers.
Moreover,
the relentless pursuit of R&D has not only revolutionized the packaging
industry but has also paved the way for the creation of eco-friendly aseptic
packaging solutions. In light of the ever-increasing global emphasis on
sustainability, these groundbreaking innovations hold immense value. By
significantly reducing the environmental impact of packaging waste, these
eco-friendly solutions perfectly align with global initiatives aimed at
fostering and promoting sustainable practices.
In
conclusion, the continuous efforts in R&D have become a cornerstone of the
packaging industry, driving market demand, and enabling the creation of
advanced and sustainable packaging solutions that benefit both consumers and
the environment alike.
The Global
Aseptic Packaging Market is segmented into type, material, application,
regional distribution, and company.
Based on its material,
the paper segment held the largest share in the market. Aseptic packaging
solutions are expected to witness a significant growth in popularity in this
market, primarily driven by the increasing consumer awareness regarding the
importance of sustainability and the preference for eco-friendly products.
Additionally, the growing concern over solid plastic waste has further fueled
the demand for aseptic packaging alternatives.
Food products
such as juices, milk, and cereals are carefully packaged in paperboard after
undergoing a thorough sterilization process using hydrogen peroxide and hot
air. This ensures that the products remain fresh and free from any harmful
microorganisms.
While plastic
has been widely used in traditional aseptic packaging due to its advantages in
terms of efficiency, processability, and cost-effectiveness, there is a growing
shift towards exploring alternative packaging materials. The sterilization,
forming, filling, and sealing of packaging materials are achieved through the
use of various techniques such as chemicals, heat, and irradiation, which
enhance the overall effectiveness and efficiency of the packaging process.
The demand for
plastic is expected to remain robust, driven by the manufacturing of a wide
range of products including bowls, trays, bags, foils, bottles, pots, cups, and
pouches. These versatile plastic packaging solutions cater to diverse consumer
needs and play a crucial role in ensuring product safety and convenience.
Based on region,
North America segment is expected to grow during the forecast period.
The demand for
aseptic packaging is projected to rise due to increasing consumer demand for
products with longer shelf lives and growing environmental concerns. Consumers
are increasingly preferring chemical-free and unprocessed foods, which has
fueled the market revenue growth. Moreover, rising awareness about the adverse
health effects of consuming food preservatives further contributes to the
market expansion. To support the market growth in this region, it is
anticipated that there will be initial financial investments, investments in
technological development, and the creation of new products. These factors
collectively indicate a positive outlook for the aseptic packaging market in
the foreseeable future.
Major companies
operating in Global Aseptic Packaging Market are:
- AMCOR PLC
- DS SMITH PLC
- MONDI PLC
- REYNOLDS GROUP HOLDINGS LIMITED
- SIG COMBIBLOC GROUP AG
- SONOCO PRODUCTS COMPANY
- SMURFIT KAPPA GROUP PLC
- STORA ENSO OYJ
- TETRA LAVAL INTERNATIONAL S.A.
- UFLEX LIMITED
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“Growing
application of aseptic packaging in various end user industries are key drivers
of the aseptic packaging market. Growth in competitive landscape and presence
of well-established companies in the market who are dedicated to enhance their
productivity of aseptic packaging with every passing year are anticipated to
register an impressive growth to Global Aseptic Packaging Market in the
forecast period.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Aseptic Packaging Market By Type
(Cartons, Bottles & Cans, Bags & Pouches, Others), By Material (Plastic,
Metal, Glass & Wood, Paper), By Application (Food, Beverage, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Aseptic Packaging Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Aseptic Packaging Market.
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