Aseptic Packaging Market Expected to Reach $121.96 Billion

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Pune, India, Oct. 16, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the global Aseptic Packaging Market size was valued at USD 53.77 Billion in 2020. The market is expected to grow from USD 59.06 Billion in 2021 to USD 121.96 Billion by 2028 at a CAGR of 10.9% in during the forecast period 2021-2028.

Fortune Business Insights™ has deepened this insight in its latest research report, titled “Aseptic Packaging Market, 2021-2028”.

According to global analysis, aseptic packaging solutions will gain popularity to prevent contamination in end-use sectors including food and beverage and pharmaceuticals. Some of the factors, such as thermal stability, chemical resistance and a lower level of contamination, bode well for the business outlook.

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Key Players Profiled in the Market Report:

  • Glass SCHOTT India Pvt. ltd. (India)
  • DS Smith (UK)
  • Elopak Group (Norway)
  • Group SIG Combibloc SA (Switzerland)
  • Print Pack (US)
  • Sealed Air Corporation (USA)
  • Amcor Limited (UK)
  • Tetra Laval SA (Switzerland)
  • Greatview Aseptic Packaging Co., Ltd. (China)
  • IMA Group (Italy)

Report Scope and Segmentation:

Report cover Details
Forecast period 2021-2028
Forecast CAGR 10.9%
2028 value projection $121.96 billion
Year of reference 2020
Aseptic packaging market size in 2021 $59.06 billion
Historical data 2018-2020
Number of pages 200
Segments Covered By material, by application and by region
Aseptic Packaging Market Growth Drivers Stakeholders Leverage Asia-Pacific Market to Gain Strategic Foothold in Pharma
Large companies emphasize strategic approaches to boost footfall

Impact of COVID-19

The closure of manufacturing facilities to reduce the outlook for the industry

The COVID-19 pandemic has had a tremendous impact on the expansion of aseptic packaging materials in developing and developed countries. Penetration of packaging technologies has been on the decline, partly due to subdued demand from the food and beverage industry. That said, the high demand for sterilized packaged food products has encouraged investments in the landscape. Industry players expect the healthcare industry to show strong demand for packaging technology.

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Report cover

The report highlights both top-down and bottom-up approaches to offer a holistic view of the product mapping of emerging players and well-established companies. In addition, primary sources, including interviews with key stakeholders and opinion leaders, were also used in writing the report.

The report includes secondary sources, such as SEC filings, press releases, and website reports, supporting the report’s veracity. The report includes qualitative and quantitative analysis to provide a comprehensive view of the global market.

segments

In terms of material

  • Metal
  • Plastic
  • cardboard
  • glass

Type-based

  • bags & pouches
  • boxes
  • bottles and cans
  • vials & vials

Regarding the application

  • Pharmaceutical
  • Food
  • beverages

Based on region

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Drivers and Restrictions

Global natural food and beverage trend bolsters industry forecast

Millennials and Gen Z population are expected to show their appeal for organic and natural food products in the coming period. The palpable shift towards natural food and drink products has prompted the development of quality packaging that can keep food fresh. Stakeholders expect the solution to increase the shelf life, supporting the growth of the aseptic packaging market.

Moreover, the growing demand for pharmaceutical drugs has done well for large companies vying to boost their footfall.

Meanwhile, the potential environmental impact, as well as the high cost of packaging, could impact the adoption of packaging materials.

Regional outlook

Stakeholders Leverage Asia-Pacific Market to Gain Strategic Foothold in Pharma

The aseptic packaging market share in North America will witness a commendable gain over the forecast period, partly attributable to investments in the healthcare industry. As the demand for better healthcare has peaked in the United States and Canada, packaging technologies will continue to receive momentum.

Leading companies are likely to explore potential growth opportunities in China, Japan, Australia and India, largely due to demand from the pharmaceutical sector. The booming population in emerging economies could provide promising opportunities in the period ahead. Additionally, the growing footprint of bread and confectionery and cosmetics will trigger investment across Asia-Pacific.

Stakeholders predict that the European market outlook will be strong thanks to the growing demand for alcoholic and non-alcoholic beverages. In order to prevent contamination, end users are likely to seek aseptic packaging materials. The advanced packaging solutions will be sought in the UK, France and Germany over the coming period.

Major Competitive Landscape

Large companies emphasize strategic approaches to boost footfall

Both established players and new entrants are likely to invest in product launches, mergers and acquisitions, technological advancements and R&D activities. The prevailing trends indicate that major companies are expected to focus on geographic expansion during the forecast period.

News related to the aseptic packaging industry:

According to the latest updates, aseptic packaging market forecast indicates that the aseptic packaging industry will witness immense growth and advancements in the coming years. Many major players in aseptic packaging are experiencing strong growth in the coming years.

Browse Detailed Abstract of Research Report with TOC:

https://www.fortunebusinessinsights.com/aseptic-packaging-market-106589

Detailed Table of Contents:

    • Introduction
      • Search scope
      • Market segmentation
      • Research Methodology
      • Definitions and assumptions
    • Summary
    • Market dynamics
      • Market factors
      • Market constraints
      • Market opportunities
    • key ideas
      • Main emerging trends – for main countries
      • Main developments: mergers, acquisitions, partnerships, etc.
      • Latest technological advancement
      • Overview of the regulatory scenario
      • Analysis of the five forces of carriers
    • Qualitative Insights – Impact of COVID-19 on the Global Aseptic Packaging Market
      • Supply chain challenges
      • Measures taken by government/companies to overcome this impact
      • Potential opportunities due to the COVID-19 outbreak
    • Global Aseptic Packaging Market Analysis, Outlook and Forecast, 2017-2028
      • Main results/summary
      • By material (value)
        • Plastic
        • Metal
        • Glass
        • Paper and cardboard
        • Others
      • By type (value)
        • boxes
        • Bags and pouches
        • Bottles and cans
        • Vials and ampoules
        • Others
      • By application (value)
        • Food
        • Beverages
        • Pharmaceutical
        • Others
      • By region (value)
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East and Africa
    • North America Aseptic Packaging Market Analysis, Outlook and Forecast, 2017-2028
      • Main results/summary
      • By material (value)
        • Plastic
        • Metal
        • Glass
        • Paper and cardboard
        • Others
      • By type (value)
        • boxes
        • Bags and pouches
        • Bottles and cans
        • Vials and ampoules
        • Others

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industry development

  • July 2021 – Tetra Pak and Stora Enso reached an agreement to triple beverage carton recycling capacity in Poland. The two companies will partner to deliver circular solutions to the market with a total investment of $32.8 million. The line will triple the annual recycling capacity of used beverage cartons in Poland from 25 KT to 75 KT tonnes.

Frequently Asked Questions (FAQ):

1. The impact of COVID-19 on aseptic packaging growing industry?

Answer: The global aseptic packaging market size was USD 53.77 billion in 2020. The market is expected to grow from USD 59.06 billion in 2021 to USD 121.96 billion by 2028 at a CAGR of 10.9% during of the period 2021-2028.

2. Who are the main players in the impact of COVID-19 on aseptic packaging market?

Answer: Printpack (USA), Sealed Air Corporation (USA), Amcor Limited (UK), Tetra Laval SA (Switzerland), Greatview Aseptic Packaging

Read related information:

beverage cans market growth expected to reach $36.59 billion by 2027 | Global beverage can industry recording a CAGR of 4.7%

Food packaging market will be worth 478.18 billion USD by 2028 | Food Packaging Industry Growth, Share, Analysis and Forecast Report

Pharmaceutical packaging market size will exceed USD 153.93 billion by 2027 | Impressive CAGR of 6.4%

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