Aseptic Packaging Market Size, Trends & Analysis - Forecasts To 2026
Global Aseptic Packaging Market: Insights
The global aseptic packaging market is estimated to witness a significant CAGR during the forecast period (2019-2026). The growth of the aseptic packaging market is anticipated to increase with the growing packaging industry. Aseptic packaging is a process which increases the shelf life of the product and minimalize the loss of aroma from the packed edible products. It keeps dairy products pure and protects it from the exposure to contaminants, preserving freshness and quality with extended shelf life. It enables to cut down costs by eliminating costly cold chain logistics. Volatile raw material cost, availability of cheaper substitute and strict government laws and regulations are some of the factors expected to hamper the growth of aseptic packaging market.
Aseptic Packaging Market: By Material
On the basis of material, the global aseptic packaging market is segmented into plastic, metal, glass & wood, and paper & paperboard. The plastic segment is expected to grow during the forecast period. The growth of the segment is due to its low cost, easy availability, and versatility. Plastic packaging is used in various applications. It is generally used in packaging of food & beverages as it protects them from oxidation and also provides longer shelf life. The paper & paperboard segment is also expected to grow during the forecast period owing to greater demand for natural biodegradable material.
Aseptic Packaging Market: By Type
On the basis of type, the global aseptic packaging market is segmented into cartons, bottles & cans, bags & pouches, and others. The cartons segment is expected grow during the forecast period. The high demand for cartons packaging from milk & dairy industry is expected to boost the segment growth over the forecast period. Cartons offer benefits such as easy stacking of products and is also available in various shapes and sizes and has a longer shelf life. It also offers excellent barrier protection properties for the product.
Aseptic Packaging Market: By Application
On the basis of application, the global aseptic packaging market is classified into food and beverage. The beverage segment is expected to hold the largest market share in the application segment owing to high consumption of milk, dairy, and ready to drink beverages. The aseptic packaging also provides protection for the product and offers extended shelf life of energy drinks, including sports nutrients, high-nutrient, and flavored water, alcopops, and ready-made alcohol cocktails. The consumption of these beverage has increased drastically over the few years. Also, other beverages, such as vegetable juices, wine, smoothies, and bar mixes are experiencing increased demand.
Aseptic Packaging Market: By Region
Asia-Pacific is expected to hold the largest market share during the forecast period. Increasing demand for packaged food, more emphasis on product safety and changes in food manufacturing industry are driving the market growth of aseptic packaging market in the region. Moreover, rising population and changing food habits are also some of the factors for high demand of aseptic packaging in the region. North America is expected to witness considerable growth in the aseptic packaging market. The growth of the market in the region can be attributed to consumption of sports and nutrition drinks.
Aseptic Packaging Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase aseptic packaging. The key end-users of the markets are Nestle, JBB and Smithfield Foods among others.
Aseptic Packaging Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Aseptic Packaging Market: Share & Competitor Analysis
Some of the key players operating in the aseptic packaging market include: E.I. du Pont de Nemours and Company, Robert Bosch GmbH, Tetra Laval International S.A, Reynolds Group Holdings Limited, Amcor Limited, Becton, Dickinson and Company, Bemis Company, Inc., Greatview Aseptic Packaging Co., Ltd, IMA S.P.A, and Schott AG among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2019, Schott AG inaugurated its new facility in Jambusar, Gujarat for high quality glass material in the pharma industry
In September 2019, Amcor Limited designed lightweight PET bottles for pasteurized beer in Brazil
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The global Aseptic Packaging Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Aseptic Packaging Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies.
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