Global Aseptic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The aseptic packaging market was valued at USD 49.15 billion in 2020 and is expected to reach USD 72.15 billion by 2026 and grow at a CAGR of 9.5% over the forecast period (2021-2026). Growth in the aseptic packaging market is driven by the packaging material's ability to respond to the need for high and uniform product quality, higher nutrient retention, and avoid the bisphenol A (BPA) controversy, which is commonly found in can liners. Aseptic packaging has met all these demands while increasing the shelf life of selected products by an estimated period of six to twelve months without refrigeration.

• Aseptic packaging is generally seen as a strong substitute for canning and preservatives for increasing shelf life. Though there is a requirement for high initial investment for material and packaging machinery specific to this process, the ROI achieved due to the reduced cost of cold chain logistics and distribution and preservatives has allowed manufacturers to reap benefits within three to five years.
• According to the 2018 European Consumer Packaging Perceptions Survey of 7,000 shoppers, three-quarters of consumers said the environmental impact of a product's packaging affects their purchasing decisions, and 90 % want the packaging to be easily recyclable. Thus sustainability is playing a significant role in new product developments in the market. For instance, In Tetra Pak's latest portfolio strategy, it has stated that it plans to launch fully renewable aseptic carton packaging and further develop bio-based products.
• The North American region is also one of the largest regions for the pharmaceutical industry because of its large pharmaceutical manufacturing base and the ability to introduce technological advancements to pharmaceutical packaging. United States has been one of the largest R&D spenders in the pharmaceutical, healthcare, and biotechnology sector. For instance, according to Pharmaceutical Research and Manufacturers of America (PhRMA), around 4,500 medicines were in the preclinical development phase of the drug pipeline in the United States as of April 2020.
• The pharmaceutical and healthcare sector is expected to witness substantial growth over the forecast period, aided by opportunities with heat-sensitive advanced injectable and infusion therapies and trends toward self-administration of injectable drugs for chronic conditions. Prefillable syringes help eliminate dosing errors and are expected to witness the fastest gains among all aseptic packaging product types.
• The market's future is expected to be driven by the emerging technologies in aseptic processing, such as advanced isolators, robotics, and packaging material with higher barrier properties. These emerging technologies are anticipated by reducing contamination risks for sterile products and simplifying packaging processes.
• Due to the spread of COVID-19, the market is witnessing tremendous growth. Due to lockdown, customers shifted to online retail and the panic stocking, which increased demand for essential food items such as milk, baby food, and vegetables. Moreover, concerns regarding food hygiene due to Covid-19 is increasing the demand for aseptic packaging. In the coming years, the customers would prefer disposable packaging to prevent more diseases, which would compel the vendors to think on the lines of sustainable aseptic packaging.

Scope of the Report

The specialized manufacturing process in which food, pharmaceutical, or other contents are sterilized separately is called aseptic packaging. It involves inserting the contents into a container in a sterile environment. In this method, a high temperature is used to maintain the contents' freshness while also ensuring that microorganisms do not contaminate the content.

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Key Market Trends

Rising environmental concerns and government policies are driving the growth

• Numerous conventional packaging materials produce a high amount of solid waste that adversely affects the environment and human health. As a result, several packaging companies are replacing them with edible packaging solutions made from probiotics, milk proteins, vitamins, etc., which act as an oxygen barrier to food.
• This, in turn, is primarily driving the edible packaging market. Furthermore, due to rising environmental concerns, various governing agencies across the globe are implementing stringent regulations to minimize waste generation.
• Besides this, numerous plasticizers and functional additives, such as antimicrobial agents, pigments, chemical preservatives, etc., are also being used in edible packaging to enhance the film’s protective properties.
• Moreover, the growing adoption of processed food products that need longer shelf life further escalates the demand. Additionally, the increasing focus on utilizing nanotechnological solutions, such as nanoencapsulation and multifaceted systems, to improve the nutritional value of the food is also anticipated to catalyze the edible packaging market over the forecasted period.

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