Aseptic Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aseptic Packaging Market
The Aseptic packaging market size was valued at USD 72.07 billion in 2023, and the market is now projected to grow from USD 80.06 billion in 2024 to USD 185.89 billion by 2032, exhibiting a CAGR of 11.10% during the forecast period of 2023-2032.
The COVID-19 outbreak had a negative impact on the aseptic packaging market mainly because of the problems like, disrupted supply-chain, lack of raw materials, and transportation delays. Restrictions and the enforcement of lockdowns forced manufacturers to work at lower production capacities and seek some operational challenges. In addition, shifts in customer preferences and fluctuations in the macroeconomic environment affected the demand pattern. Many organizations faced increased costs from sanitation and safety measures which aggravated their financial strain. Although there was a growing demand in industries like pharmacy, the pandemic held the growth of the market back.
Aseptic packaging market is on a fast growth period due to advancement in quality and need for products that have a longer shelf-life as well as more convenience food products. New ideas in packaging materials and methods enhance the preservation of foods and beverages through packaging without the use of chemicals. It has also been fostered by the growth of the pharmaceutical business, which requests sterile packaging forms. Also, technologies with regard to recyclable and sustainable packaging are becoming notable following environmental craze.
The aseptic packaging market is on the rise because more and more products have to be stored for a longer period but with no preservatives. Some of the movements affecting the Aseptic packaging market growth include the use of new sterilization techniques, use of costless packing material, and incorporation of material that are eco-friendly to meet the increasing demand from the public and government as well as the need for sustainable products. Also, the shift towards convenience and easy to consume products which are expected to grow the need for enhanced aseptic packaging solutions. The new trends of smart packaging identifying new features by applying digital tools for enhancing the traceability and safety aspects are also visible in the market.
Comprehensive Analysis of Aseptic Packaging Market
The Aseptic packaging industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by material, by type and by application, Based on material, market is divided into plastic, metal, glass, paper & paperboard, and others. Based on type, market is divided into cartons, bags & pouches, bottles & cans, vials & ampoules, and others. Based on application, market is divided into food, beverages, pharmaceutical, and others.
The Asia Pacific holds leading position in aseptic packaging market share by benefitting a market size of USD 24.32 billion in 2023. This dominance is due to the high demand for packaged food and beverages, growth in urbanization, and a growing pharmaceutical industry. China and India are the most significant contributors due to the growth of the middle-aged population and their increasing concern for health.
The top players in the market play a crucial role in the industry assuring industrial prospectus growth and setting market standards. These players include, Amcor (U.K.), Tetra Laval S.A. (Switzerland), Greatview Aseptic Packaging Co., Ltd. (China), IMA Group (Italy), SCHOTT Glass India Pvt. Ltd. (India), DS Smith (U.K.), Elopak Group (Norway), SIG Combibloc Group Ltd. (Switzerland), Printpack (U.S.), Sealed Air Corporation (U.S.).
In September 2023, SIG commenced the building of its inaugural aseptic carton plant in India.
Segmentation Table
Global Aseptic Packaging Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 11.10% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Material
Plastic
Metal
Glass
Paper & Paperboard
Others
By Type
Cartons
Bags & Pouches
Bottles & Cans
Vials & Ampoules
Others
By Application
Food
Beverages
Pharmaceutical
Others
By Region
North America (By Material, Type, Application, and Country)
- U.S. (By Material)
- Canada (By Material)
Europe (By Material, Type, Application, and Country)
- Germany (By Material)
- U.K. (By Material)
- France (By Material)
- Italy (By Material)
- Spain (By Material)
- Rest of Europe (By Material)
Asia Pacific (By Material, Type, Application, and Country)
- China (By Material)
- India (By Material)
- Japan (By Material)
- South Korea (By Material)
- Rest of Asia Pacific (By Material)
Latin America (By Material, Type, Application, and Country)
- Brazil (By Material)
- Rest of Latin America (By Material)
The Middle East & Africa (By Material, Type, Application, and Country)
- Saudi Arabia (By Material)
- South Africa (By Material)
- Rest of the Middle East & Africa (By Material)
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