The market is expected to generate an incremental $ opportunity of US$ 87.7 Bn between 2022 and 2030
Category: Packaging Published Date : October 2022 ID: CVC-00195 Format: PDF Pages: 300
Aseptic Packaging Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Aseptic Packaging Market was worth US$ 66.4 Bn and is expected to grow at a CAGR of 11.1% over the forecast period. The market is expected to hit US$ 154.1 Bn by 2030 end.
Aseptic packaging involves packing a beverage or food product at an ultra-high temperature (UHT), sterilizing or disinfecting it covertly, and then fusing and sealing it under fixed atmospheric conditions to prevent microbial and viral contamination. The shelf life of packed goods is increased by aseptic packing. It is also environmentally beneficial.
THE INCREASED CONSUMPTION OF READ-TO-EAT FOODS DRIVES THE MARKET
Convenience food items with a lengthy shelf life, either devoid of germs or can postpone bacterial contamination, are in higher demand. Food preservatives are widely utilized in the food production process to extend the shelf life and maintain the product’s quality.
The market for aseptic packaging is expanding quickly due to the rising popularity of ready-to-eat food items. Particularly in the Asia Pacific and South America developing economies, increased urbanization and the expansion of the packaging sector have increased the demand for aseptic packaging.
LESSER PEOPLE WITH TECHNOLOGICAL EXPERTISE HAMPER THE MARKET GROWTH
The barrier to the market’s expansion is the technological know-how and skills needed to set up a facility for aseptically packaging goods. To set up an aseptic packaging facility, which requires meticulous management at every stage, extensive expertise in this form of packaging and the end-use market is needed.
As a result, manufacturers are discouraged from entering the aseptic packaging industry. This feature of aseptic packaging constitutes a barrier to market growth.
The COVID-19 epidemic severely impacted construction, industry, and the oil and gas industries. Additionally, construction activity was drastically reduced or terminated. Globally, manufacturing, transportation, and supply chains were all hindered, which temporarily restrained the expansion of the aseptic packaging industry.
Why are bottles and cans Type Aseptic Packaging projected to have the highest CAGR?
According to type, the sector for bottles and cans is anticipated to expand at the greatest CAGR between 2022 and 2030. The use of bottles and cans in the aseptic packaging industry is driven by the rising demand from the food and beverage packaging sectors.
The rising demand for beverages, particularly from the dairy and juice packaging sector, is credited with driving the expansion of this market. The evolution of the markets for canned meat, fish, and fruit goods, as well as ready-to-eat foods, has impacted the cans category. To guarantee that food is kept has a long shelf life and remains fresh, cans are sealed with a double seam and are airtight and tamperproof.
Which material segment is expected to expand the fastest during the forecast period?
The paper and paperboard sector is anticipated to rule the worldwide aseptic packaging market throughout forecasting. It is frequently used in the food and beverage (F&B) sector to increase the shelf life of processed goods such as dairy products, sauces, and meat and vegetable soups while preserving the flavor, texture, and nutritional advantages of those foods. In the pharmaceutical industry, it is employed to maintain the sterility of items over extended periods.
Which application of Aseptic Packaging is expected to dominate the market during the forecast period?
In 2021, beverages led the market in revenue and made up more than 40.0% of worldwide demand. Desire is anticipated to rise as consumers demand more ready-to-eat foods such as fruit juices, dairy products, jams, and coconut goods. Additionally, increased consumer desire for health combined with expanding purchasing power is anticipated to boost industry growth positively.
By Region and Country:
Which region is expected to have the largest market share during the forecast period?
The greatest portion of the worldwide packaging market is assumed to reside in the Asia Pacific region, and this trend is anticipated to last for the ensuing few years. Due to the availability of low production and labor costs in the area, key businesses are shifting their manufacturing bases to developing nations like India and China, which is the cause for the constant growth rate.
By 2030, Asia Pacific will have the biggest market share, accounting for over 44.0% worldwide demand. Due to changing consumer lifestyles and rising purchasing power among Asian consumers, there is projected to have a favorable influence on the expansion of the packaged food and beverage business.
Major market players have implemented methods including company growth, partnerships, acquisitions, and product launches to serve clients in the aseptic packaging industry better.
Some of the key developments that have taken place in the Aseptic Packaging Market include:
A list of some of the key suppliers present in the market are:
Global Aseptic Packaging Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Material, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|