Press Release

The Global Aseptic Packaging for Food and Beverage Exceeded USD 29 Billion in 2024

The Global Aseptic Packaging for Food and Beverage Market is projected to grow at a CAGR of 5.6% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The growth in the market is gradually increasing amid soaring consumption of packaged and processed food products. With the rise in urbanization, expansion of the middle class, and the growing disposable income of consumers—surging all together and leading them toward packaged food products. With increased purchasing power, booming quick commerce, the evolution of the meal subscription industry, etc., consumers can reach out for convenience food products from a range of premium brands available. Therefore, amid these developments, aseptic packaging is witnessing greater demand from food and beverages, primarily for ensuring the food safety of consumers. Its demand from among food manufacturers has been multiplying over the years as it prevents contamination and microbial infestation.

Moreover, the expansion of the working-class population is further boosting the demand for ready-to-eat food and beverages. Also, with the changing and busy lifestyles, the consumer's significant demand is towards easy-to-cook or ready meals. Since these kinds of food products are aseptically packaged to prevent contamination from microbes and other adulterants, this is further creating the demand for aseptic packaging. The nature of food products, either ready-to-eat or packed, makes them perish. This increases the demand for high-quality, non-reactive, and suitable packaging. All this creates demand for aseptic packaging in the form of containers, jars, cans, bottles, etc., that would help fuel the growth of the Global Aseptic Food Packaging for Food and Beverage Market.

Moreover, the growing awareness among consumers about the sanity of the food they consume due to rising cases of food poisoning across the globe is creating the demand for aseptic packaging. Increasing product recall cases on account of possible microbial infestation in food products are forcing food manufacturers to opt for aseptic packaging, further states the research report, “Global Market Analysis, 2024.”

Segmentation Analysis

Beverage Segment to Hold Significant Market Share in the Global Aseptic Packaging for Food and Beverage Market

Based on application, the market is further segregated into food and beverage. The beverage segment is likely to hold the largest market share in the global market driven by the rising packaging of beverages and beverage products in aseptic packaging. Beverages have high contents of moisture and water compared to solid food products which make them more infested by micro-organisms. In addition, the decreased shelf life of beverage products drives the market growth. Products such as coffee, juices, ready-to-drink beverages, etc., are filled and packed in tetra packs, cartons, pouches, etc. so that quality is preserved while they are being transported. Hence, with the increasing consumption of beverages through hermetically sealed containers as a result of their highly perishable nature and proneness to leakage, the voluminous demand for aseptic packaging of beverages is rapidly arising. Moreover, constant product, design, and technology launches by aseptic packaging manufacturers for storing beverage products also support growth in the market and are likely to help create opportunities over the years.

Asia-Pacific to Boast Considerable Market Share in the Global Aseptic Packaging for Food and Beverage Market

Geographically the market is segmented in North America, South America, Europe, the Asia-Pacific, and the Middle East and Africa. Asia-Pacific holds a strong market share under this segment because both consumption and manufacturing of packaged and processed food are on the rise. Growing demand in the market is driven by changing dietary preferences among the middle-class populations resulting in increased demand for processed and convenience food products. The growth of ready-food items is prominent in countries such as India, China, Japan, and Indonesia, among others where there is a huge working population who require convenience food and ready-to-eat items; the demand is further boosted by aseptic packaging for microbial resistance during the packaging and storage period.  Additionally, quite a substantial amount of agricultural products and commodities are produced in the countries comprising the Asia-Pacific region. Hence, this makes the region a huge manufacturer of food products. Brands such as Nestle, Amul, Dole Plc, etc., have their manufacturing units set up within this region and they require aseptic packaging to pack and transport the commodities safely until they reach the consumers. All these brands and their growing foothold are stimulating the penetration of aseptic packaging in the region.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Tetra Laval Group, Sealed Air Corporation, Amcor Ltd., Greatview Aseptic Packaging Company, Schott AG, Coveris Holdings SA, Becton, Dickinson and Company, Goglio S.p.A., Ecolean AB, I.P.I. Srl, SIG Combibloc Group, Mondi Plc, Elopak AS, BiBP Sp. Zo.o., and Krones AG, among others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions?
6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?