North America Aseptic Packaging Market Size

North America Aseptic Packaging Market Analysis

The North America Aseptic Packaging Market size is estimated at USD 12.72 billion in 2024, and is expected to reach USD 20.42 billion by 2029, growing at a CAGR of 9.93% during the forecast period (2024-2029).

The rapidly increasing demand from the pharmaceutical industry and the food and beverage industry are some of the factors expected to drive the demand for aseptic packaging in the region.

• In the food and beverage industry, sustainable packaging and longer shelf life are of great importance to the consumer. As a result, most food and beverage vendors operating in the region are inclined towards aseptic packaging, along with cost and environmental benefits in considerations, especially in terms of ambient shipping and storage.
• Also, as aseptic packaging supports packaging through recyclable cartons and eco-friendly pouches and bags that often target consumers that prefer small quantity packaging and make purchases more frequently, the demand for such products is considerably high in the region.
• There is an increasing demand for aseptic packaging identified in the region's dairy market. The increasing production and export of milk, especially in the United States, is expected to open new market opportunities in the region. For instance, according to the United States Department of Agriculture, cow milk production reached around USD 313.29 billion in 2020, which was a significant increase compared to USD 307.36 billion in 2019.
• Due to the increasing customer demands and the need to manage their storage and distribution costs, companies are not only relying on the connected environment (by the usage of technologies such as sensors, RFID, and NFC). Still, they are also increasingly investing in advanced technologies that would significantly reduce or eliminate the costs associated with the management of the products from the manufacturers until they reach the retailers.
• In addition to this, climatic conditions and higher cost of refrigeration facilities are some of the significant factors influencing the packaging firms to invest in packaging technologies that can improve the shelf life of products such as milk, and value-added dairy products, among other food and pharma products.
• In the past few months, consumers have been witnessed stocking up on shelf-stable goods owing to the impact of the COVID-19 pandemic. Technological advancements in packaging materials and production processes have led packaging designers to produce packaging products and methods that increase the shelf life of products.