The global aseptic packaging market is driven by trends such as increased dependence on processed, precooked food and consumer demand for greater shelf life.
The market is estimated to increase from USD 36.05 billion in 2016 to USD 67.14 billion by the end of 2021 with a CAGR of 10.92%. Asia-Pacific is the leading market for aseptic packaging with China and Japan being the major markets in the region. Asia-Pacific and Latin America regions are the fastest growing regions for aseptic packaging market due to the increase in expendable income in these countries.
This escalation compels the need to analyze, review and forecast the growth of the aseptic packaging market. Changing lifestyles and the consequent dependence of consumers on processed, packaged and pre-cooked food is increasing the demand for aseptic packaging. The advent of the supermarket culture has altered the landscape of shopping and has increased the need for packaging especially in the food and beverage products. The altering lifestyle of people has resulted in the shift from home cooked to ready-to-eat products. Aseptic packaging helps in addressing these concerns while maintaining the required and established quality standards.
The research published on aseptic packaging covers different packaging materials such as metal, glass, plastics, paper and others. It also covers the market by packaging types such as carton boxes, bags & pouches, cups & trays, bottles & jars, metal cans, plastic cans, composite cans and others.
Demand for longer product shelf life, expansion of large multinational companies to emerging markets and new innovative packaging technologies are the major drivers for the high growth of the aseptic packaging market.
Concern about the environmental effects of aseptic packages; increased government regulations regarding the recycling of these materials. Further, rising raw materials cost will be a major challenge for the market growth over the coming years.
The study elucidates the situation of aseptic packaging market and shows its application in the end-user industries such as food, beverage, pharmaceutical, medical devices, retail and others along with accurate market metrics. The study elaborates that currently, the aseptic packaging market size is the highest for beverages followed by food and retail. Medical device and food industries have a maximum CAGR of 23.41 % and 13.40 % respectively.
Lastly, the report is divided by geography - North America, Europe, the Asia-Pacific (APAC), Latin America and the Middle East & Africa; wherein the market share of each region is analyzed and estimates are provided for the next five years. The various applications of aseptic packaging have been discussed in detail in addition to a comprehensive overview of the market.
Key Deliverables in the Study