Global Aseptic Packaging Market Analysis & Trends - Industry Forecast to 2030
Aseptic Packaging: Market Size
From $87.997 billion in 2024, the global Aseptic Packaging market is projected to reach $183.205 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 13.0% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include rising recycling of packaging materials, growth of the dairy beverage market, and increasing consumer preference against the use of food preservatives.
Global Aseptic Packaging Market: Market Dynamics
Due to rapid urbanization, busy lifestyles and changing dietary patterns, there is a rise in the demand for packaged food products as they have long shelf-life and provide ease of storage. This represents one of the key factors spurring the global aseptic packaging market growth. Apart from this, the escalating demand for the safe transportation of drugs, medical specimens and reactive liquids over long-distance, in confluence with the growing popularity of self-administered injectable medicines and biotechnology-based drugs, is also contributing to the market growth. The market's future is expected to be driven by the emerging technologies in aseptic processing, such as advanced isolators, robotics, and packaging material with higher barrier properties. These emerging technologies are anticipated by reducing contamination risks for sterile products and simplifying packaging processes.
On the other hand, the fluctuating prices of raw materials and COVID-19 outbreak are likely to obstruct the profit boundaries. In addition, gradual rise in e-commerce sales globally and growth opportunities in emerging markets of developing countries will further boost for the Aseptic Packaging market.
Impact of COVID-19 on Aseptic Packaging
During the COVID-19 outbreak, construction, manufacturing, and oil & gas industries were majorly affected. Construction activities were also stopped or restricted to a huge extent. Manufacturing and transportation activities along with their supply chains were also hampered on a global level, which directly hampered the aseptic packaging market growth for a brief time. However, the market gained stability in third and fourth quarter of 2020. Moreover, gradually all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of aseptic packaging companies at their full-scale capacities, which is expected to help the market to start to recover in the near future.
By Application
Beverage Segment Dominate the Market in 2024
The beverage segment made huge revenue in 2024 and growing its prominence during the forecast period. This growth is mainly attributed to its properties such as high impact resistance & tensile strength, good stiffness, and resistance toward oxygen, moisture & light. Aseptic packaging helps in increasing the shelf life of end products without the need for refrigeration, making it ideal for the packaging of beverages. Additionally, it also enables to cut down logistics costs, adding to the segment’s growth potential over the forecast timeframe.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the consistent growth rate is justified by major players shifting their manufacturing bases to developing nations of the region including India and China due to the availability of low production & labor costs. The growing population in China and India is largely contributing to an increase in the food & beverage industry, which is driving the demand for aseptic packaging. In Asia, the food market revenue accounted to be about USD 1 trillion in 2019 and it is expected to grow at a rate of 6% in the coming years. Additionally, the increasing milk production, mainly in India, is likely to influence the overall industry growth.
List of the Key Players Profiled in the Market Include: • Amcor plc
• Becton, Dickinson and Company
• Bemis Company, Inc
• DS Smith Plc
• Greatview Aseptic Packaging Co., Ltd
• Mondi plc
• Reynolds Group Holdings Limited
• SIG Combibloc Group AG
• Smurfit Kappa Group plc
• Sonoco Products Company
• Stora Enso Oyj
• Tetra Laval International S.A
• UFlex Limited
List of the Regions/Countries Profiled in the Market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others