Aseptic packaging is the technology in which sterilized product is sealed under unsterilized atmosphere. There are basically two types of applications of aseptic packaging technology: packaging of pre-sterilized and sterile products and packaging of non-sterile products. Aseptic packaging products can range from bags and pouches to metal cans.
The North America aseptic packaging market is expected to grow from USD 10.9 billion in 2016 to USD 19.13 billion by the end of 2021 at a CAGR of 9.83%. The United States is the undisputed market leader with Canada expected to register the highest growth in the region. Accounting for almost 30% of the market and it is still growing, aseptic packaging has a huge market in North America because of its culture of packed food.
USA annual total food imports growth was 2.7% in 2013 and in 2012 it was 4.1%. The USA also exports a lot of food to various parts of the world. From dairy products to China and fresh fruits and vegetables to Saudi Arabia, USA exports varied products around the world. The total exports in food and agricultural sector from the USA to Saudi Arabia reached USD 1.21 billion in MY 2012/13.
This increasing demand for transportation across long distances is creating a need to prolong shelf life to unprecedented levels. The increasing distances between manufacturing sites and end users requires packaging to increase its levels of endurance and protective abilities. The culture of packaged and readymade foods across prevalent across North America is responsible for the increasing adoption of aseptic packaging.
The major concerns with this market are that the economy is still sluggish. Still, thousands of people are unemployed. US Government foresees the growth to start by the end of 2016. The investors should not be too concerned because the food industry is growing at a steady pace, with this the aseptic packaging market will also grow. Various countries from different regions are looking to export more agriculture and food related products to this region. This will help the aseptic packaging industry to grow.
Some the major vendors in aseptic packaging are Amcor, Bemis, Krones, Bosch, CFT and DuPont. Some other companies with innovative products mentioned in the report are Evergreen Packaging, Lamican, Wild Flavours GmbH and Graham Packaging Company.
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.
Reasons to buy this report
Who is this report useful for?
Looking to Customize Report?