The process of sterilizing products like pharmaceuticals, food & beverages, etc., individually, and then packing these items for longer shelf life and freshness is called Aseptic Packaging. These contents then are supplied in the packaging container following the aseptic provisions. This Aseptic Packaging requires being out at high temperatures to sustain the products with freshness.
According to the MarkNtel Advisors’ research report, “Global Aseptic Packaging Market Analysis, 2021”, the market is likely to grow at a CAGR of around 10.2% during 2021-26. The main factors behind the rise are the rapid increase of the industries like pharmaceuticals, food & beverages, in massive economies such as India, China, South Africa, and Brazil, is foreseen towards the industry development in the forecast period.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Italy, Spain, Switzerland, 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 S.A., Robert Bosch GmbH, Greatview Aseptic Packaging Co., Ltd., Reynolds Group Holdings Limited, Schott AG, SIG Combibloc Obeikan, and Agropur Inc.|
|Unit Denominations||USD Million/Billion|
Impact of Covid-19
The outbreak of the COVID-19 pandemic has brought new challenges to various industries throughout the globe. However, it fueled the Global Aseptic Packaging Market growth. With the imposition of lockdown, there has been a paradigm shift of customers toward online shopping through various e-commerce platforms, especially for daily essentials. Furthermore, the increasing concerns regarding food sanitation due to the pandemic have also boomed the demand for aseptic packaging owing to its easy-to-dispose packaging.
Food & Beverages Dominated the Market Share
Based on the end-user industries, food & beverages dominated the global market industry and estimated over 40% of the product demand in recent years. The rapidly growing supply and requirement for ready-to-use products propelled the market demand. Furthermore, the surging inclination of consumers toward better health entwined with their increasing expenditure capacities brought a positive impact on the Food & Beverage segment, thereby leading to the segment domination in the market.
Pharmaceutical is Likely to Grow the Market
Amongst different end-users, the Pharmaceutical segment is likely to witness robust growth in the forecast years. Aseptic packaging in pharmaceutical administration is made up of plastics or glass and used for sustaining the sterility of pharmaceutical merchandise. It offers safety against contaminants, degradation, and microorganisms. Technological innovation, growing consumer concerns shall drive the industry demand in the forecast period, as MarkNtel Advisors state in their research report “Global Aseptic Packaging Market Analysis, 2021.”
Asia-Pacific to Witness the Largest Market Growth
The APAC market is likely to witness the most accelerated growth in the Global Aseptic Packaging Market between 2021-26. It accounts for approximately 35% of the Aseptic Packaging demand. Prominent factors shall lead to market growth like the demand for packed food & beverages and increasing expenditure capacities. Reputed companies from the developed marketplaces are inclining towards a shift of their stock facilities in the APAC region to tap the rising demands of the end-user industries.
The technological expertise needs to establish a plant for aseptic packaging of products, which is a restraint for the market growth. However, the manufacturers are not in favor of entering the aseptic packaging industry. This aspect becomes a barrier to market development. Technological advancements help analyze procedures without human interference; however, this would be available at a very high cost.
Aseptic packaging is becoming increasingly dependent on electronic tracking and logistics, as it finds an opportunity for growth in this process. Electronic marketing provides immediate information, efficiency in logistics, and response to customer needs. Aseptic packages are trackable and help with codes & RFID. Thus, the development of electronic logistical systems shall provide opportunities for the aseptic packaging market.
According to MarkNtel Advisors, the major leading players in the Global Aseptic Packaging Market are Tetra Pak International S.A., Robert Bosch GmbH, Greatview Aseptic Packaging Co., Ltd., Reynolds Group Holdings Limited, Schott AG, SIG Combibloc Obeikan, and Agropur Inc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.
A. The measuring units of market size/industry size or the market value are USD Million and thousand units.
A. The Global Aseptic Packaging Market is forecast to grow at a CAGR of 10.2% during 2021-26.
A. Tetra Pak International S.A., Robert Bosch GmbH, Greatview Aseptic Packaging Co., Ltd., Reynolds Group Holdings Limited, Schott AG, SIG Combibloc Obeikan, and Agropur Inc. are few of the leading players in the Global Aseptic Packaging Market.
A. Pharmaceutical is likely to attain the highest CAGR during the forecast period and maintain its significant market share.
A. Asia-Pacific region continues to grow at a CAGR of 10.2% during 2021-26, presenting immense opportunities for market players of the Global Aseptic Packaging Market.