Market Size of Europe Aseptic Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 14.90 Billion |
| Market Size (2029) | USD 23.89 Billion |
| CAGR (2024 - 2029) | 9.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Aseptic Packaging Market Analysis
The Europe Aseptic Packaging Market size is estimated at USD 14.90 billion in 2024, and is expected to reach USD 23.89 billion by 2029, growing at a CAGR of 9.90% during the forecast period (2024-2029).
The European region has been one of the leading markets for aseptic packaging products and equipment, owing to the dominance of local companies in the aseptic packaging industry. Although the market volumes have been static in most of the areas in the region, however, growing innovations are expected to expand the industrial applications.
- High-pressure processing is also taking a significant step forward in the region with the bulk processing systems in the region that unpackages the technology in order to allow a range of packaging formats. These bulk systems can be used in conjunction with an aseptic filling system to guarantee the shelf-life extension, which in turn, is expected to develop space for aseptic packaging in the region.
- Moreover, according to an earlier European Consumer Packaging Perceptions Survey of 7,000 shoppers, three-quarters of the consumers said that the environmental impact of a product's packaging significantly affects the purchasing decisions, and 90% want the packaging to be made that is easily recyclable. Thus sustainability is also playing a major role in new product developments in the market.
- Companies such as Nestle are also collaborating with SIG to research more sustainable materials regarding packaging. This goes in line with Nestle's strategy to tackle plastic pollution. In May 2020, the companies, Logitech, and other industry partners committed to providing CHF 5 million over ten years to support sustainable packaging materials research.
- Further, Owing to the spread of COVID-19, the market is expected to witness significant growth. Due to the pandemic, customers have shifted towards online retail as well as panic stocking, which led to an increased demand for essential food items such as milk, baby food, and vegetables.
- Moreover, the concerns regarding food hygiene due to Covid-19 have been increasing the demand for aseptic packaging. In the coming years, the customers are expected to prefer better packaging to prevent themselves from such diseases, which would compel the vendors to think on the lines of sustainable aseptic packaging.
