Aseptic Packaging Market | Size, Analysis, Development, Revenue, Future Growth, Business Prospects and Forecasts.
The aseptic packaging market size was valued at USD 53.77 billion in 2020. The market is projected to rise from USD 59.06 billion in 2021 to USD 121.96 billion by 2028 at a 10.9% CAGR during the forecast period 2021-2028. Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled, “Aseptic Packaging Market, 2021-2028.”
In terms of material, the market is segregated into metal, plastic, paper & paperboard, glass, and others.
Based on type, the market is segmented into bags & pouches, cartons, bottles & cans, vials & ampoules, and others.
With respect to application, the market is fragmented into pharmaceutical, food, beverages, and others.
On the basis of region, the market includes North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America
The report highlights top-down and bottom-up approaches to offer a holistic view of product mapping of both emerging players and well-established companies. Besides, primary sources, including interviews with major stakeholders and opinion leaders, have also been used in the report-making. The report includes secondary sources, such as SEC filings, press releases and website reports, fostering the veracity of the report. The report includes qualitative and quantitative analysis to provide a comprehensive view of the global market.
Drivers and Restraints
Trend for Natural Food & Beverage Products to Bolster Industry Forecast
Millennials and the Gen Z population are slated to exhibit traction for organic and natural food products in the ensuing period. The palpable shift towards natural food & beverage products has prompted the development of quality packaging that can keep food fresh. Stakeholders expect the solution to boost shelf life, fostering the aseptic packaging market growth. Moreover, soaring demand for pharmaceutical drugs has fared well for leading companies vying to bolster their footfall.
Meanwhile, potential environmental impact, as well as the high cost of packaging, could impact the adoption of the packaging materials.
Stakeholders Tap Asia Pacific Market to Gain Strategic Hold from Pharmaceutical Sector
Leading companies are likely to explore potential growth opportunities across China, Japan, Australia and India, largely due to the demand from the pharmaceutical sector. Burgeoning population across the emerging economies could provide promising opportunities in the ensuing period. Besides, the growing footprint of bread & confectionary and cosmetics will trigger investments across Asia Pacific.
The North America aseptic packaging market share will witness a commendable gain during the forecast period, partly attributed to investments in the healthcare sector. At the time when the demand for better healthcare has peaked in the U.S. and Canada, packaging technologies will continue to receive impetus.
Stakeholders predict the Europe market outlook to be strong on the back of soaring demand for alcoholic and non-alcohol beverages. In a bid to prevent contamination, end-users are likely to seek aseptic packaging materials. Advanced packaging solutions will be sought-after across the U.K., France and Germany in the ensuing period.
Leading Companies Emphasize Strategic Approaches to Bolster Footfall
Both well-established players and new entrants are likely to invest in product launches, mergers & acquisitions, technological advancements and R&D activities. Prevailing trends indicate leading companies are slated to focus on geographical expansion during the forecast period.