Market Overview
According to the MarkNtel Advisors’ research report, "Global Aseptic Packaging for Food & Beverage Market Analysis, 2021," the market is likely to grow at a CAGR of around 9.9% during 2021-26 due to the rising investments in packaged food and the swiftly surging number of consumers globally.
The prime use of aseptic packaging in the food & beverage industry is for safely wrapping products like sauces, eggs, and meal replacement beverages. Alongside that, technological advancements and reduced distribution costs of manufacturers are also crucial factors further likely to propel the market growth.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2021 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 9.9% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Spain, The Netherlands | |
| Asia-Pacific: China, India, Japan, South Korea, Australia and Others | |
| South America: Brazil, and Argentina | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled | Tetra Pak International SA, Amcor Limited, Sealed Air Corporation, SIG Combibloc Group, Bemis Company Inc., Schott AG, Coveris Holdings SA, DS Smith PLC, Elopak AS, Mondi PLC, Becton, Dickinson & Co., Ecolean AB, IPI S.r.l, Krones AG, Syntegon Technology GmbH, UFlex Limited, WestRock Company |
| Unit Denominations | USD Million/Billion |
Impact of COVID-19
The COVID-19 outbreak positively impacted the Global Aseptic Packaging for Food & Beverage Market. The pandemic led to the lockdown impositions resulting in the soaring demand for essential food items with the utmost care of sanitization. It further brought a shift towards online shopping of food & beverages. Moreover, the food sanitation concerns, and easy disposable packaging are a few critical factors further fueling the Global Aseptic Packaging for Food & Beverage Market growth.
Market Segmentation
Plastic Accounted for the Largest Market Share
Based on raw material, the market segments into Plastic, Paper & Paperboard, Glass, and Metal. Out of these, Plastic is very likely to attain the largest market share, i.e., around 32.8%, in the forecast period. The prominent factors driving the growth of Plastic include its low cost & easy availability, extending shelf life, versatility to modify as per requirements, and appealing packaging with safety from oxidation.
Vials & Ampoules shall Attain Fastest Market Growth
Based on Pharmaceuticals, the market segments into Pre-Fillable Syringes, Bottles, Vials & Ampoules, IV Bags. Out of all, Vials & Ampoules are likely to attain the fastest growth in the forecast period due to the rapidly expanding requirements for high-quality products and advancements & inventions of new drugs in the pharmaceutical sector, thereby likely to contribute to the market growth in the forecast period, reveals MarkNtel Advisors in their research report, "Global Aseptic Packaging for Food & Beverage Market Analysis, 2021."
Regional Landscape
North America likely to Exhibit Robust Growth Rate
North America shall exhibit the quickest market growth due to the prominent factors like the burgeoning demand for aseptically packed food & beverages owing to the changing lifestyles and the increasing expenditure toward attaining a better livelihood. Furthermore, stock facilities & supply chains attracting the mounting demands of the end-user industries and massive investments by leading market players are also likely to contribute to the market growth in the region in the years to come.
Market Driver
Some prominent market drivers are the rapidly increasing demand for aseptic packaging in the pharma industry, changing mindset of consumers due to the surging adoption of food preservatives, and the rapidly growing dairy sector. Moreover, the demand for convenience and quality food products has made life a lot easier, thereby significantly driving the market growth.
Competitive Landscape
According to MarkNtel Advisors, the leading players in the Global Aseptic Packaging for Food & Beverage Market are Tetra Pak International SA, Amcor Limited, Sealed Air Corporation, SIG Combibloc Group, Bemis Company Inc., Schott AG, Coveris Holdings SA, DS Smith PLC, Elopak AS, Mondi PLC, Becton, Dickinson & Co., Ecolean AB, IPI S.r.l, Krones AG, Syntegon Technology GmbH, UFlex Limited, WestRock Company
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
A. Global Aseptic Packaging for Food & Beverage Market is likely to attain a 9.9% CAGR during the forecast period, i.e., 2021-2026.
A. Tetra Pak International SA, Amcor Limited, Sealed Air Corporation, SIG Combibloc Group, Bemis Company Inc., Schott AG, Coveris Holdings SA, DS Smith PLC, Elopak AS, Mondi PLC, Becton, Dickinson & Co., Ecolean AB, IPI S.r.l, Krones AG, Syntegon Technology GmbH, UFlex Limited, WestRock Company
A. Plastic as a raw material segment shall emerge as an opportunity area for leading players in the Global Aseptic Packaging for Food & Beverage market.
A. North America is likely to continue its dominance in the Global Aseptic Packaging for Food & Beverage market during 2021-26, presenting immense opportunities to various companies in the region.
A. The rapid inclination of consumers toward food preservatives, the growing dairy sector, and the soaring demand for convenience & quality food products are prime factors likely to drive the market growth during 2021-26.
A. The outbreak of the COVID-19 pandemic shall positively impact the market due to the snowballing food sanitation concerns and easy disposable packaging, thereby encouraging the demand for Aseptic Packaging in Food & Beverages.
