The global Aseptic Packaging Market was valued at USD 41,166.6 million in 2018 and is expected to reach USD 84,716.5 million in 2026, growing at a CAGR of 9.6% during the forecast period.
Aseptic packaging is a sealed container which plays an important role in sealing sterilized products and maintains sterility of the product. The aseptic packaging can be differentiated into various types including cartons, bottles & cans, bags, and pouches. Aseptic packaging is mainly used to store the food products and can be stored without refrigeration for a longer time and also maintains chemical properties.
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Company Profiles and Competitive Intelligence:
The major players operating in the global aseptic packaging market are Tetra Pak International S.A. (Switzerland), Amcor Limited (Switzerland), Schott AG (Germany), SIG Combibloc (Switzerland), DuPont de Nemours, Inc. (US), Uflex (India), Becton, Dickinson & Co (US) among others.
The growth of the aseptic packaging market is primarily driven by the rising consumer focus against the use of food preservatives, increasing demand for convenience and quality food products, increase in urban population, and growing beverage industry. Moreover, changing lifestyles of consumers across developed countries and the emergence of new product developments are expected to create opportunities for the manufacturers in the global market over the forecast period. However, volatile prices of raw materials and high initial capital investment involved are expected to hamper the growth of the global aseptic packaging market over the forecast period.
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The plastic segment expected to dominate the market throughout the forecast period
Based on material, the global aseptic packaging market has been segmented into plastic, metal, glass, and paper & paperboard. The plastic segment accounted for approximately 32.8% of the share in the global aseptic packaging market in 2018.
The major factors that are driving the growth of this segment are easy availability of plastic at low cost and versatility. The plastic offers outstanding visibility and appealing packaging along with safety and protects the product from oxidation and also extends the shelf life of the product.
There is a significant demand for aseptic packaging from the healthcare segment. The growth of the healthcare segment is driven by the increasing demand for biologics. There is a dramatic shift in the production technology of biologics and an increase in the incidence of targeted diseases, which have contributed towards increasing the demand for prefilled syringes, vials, and ampoules.
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