Aseptic Packaging Market Forecasts to 2028 – Global Analysis By Material (Plastic, Glass, Metal, Wood), Product (Liquid Filling, Slitting Machine), Application (Beverages, IV Bags, Cosmetics) and By Geography
According to Stratistics MRC, the Global Aseptic Packaging Market is accounted for $53.99 billion in 2020 and is expected to reach $142.43 billion by 2028 growing at a CAGR of 12.9% during the forecast period. Increasing demand for packaged food, more emphasis on product safety and changes in the food manufacturing industry are the factors driving the market growth. However, the higher initial cost associated with the technology, and government regulations on packaging plastic are restraining the growth of the market.
Aseptic packaging is the last step in the aseptic food processing packaging process in which pharmaceuticals, food & beverages, and other products are sterilized separately from the packaging and this aseptic packaging is usually carried out at extremely high temperature to maintain the freshness of the products and the contents of products are further filled into the packaging container under aseptic conditions. This type of packaging has certain benefits such as; it provides protection for the products from the attack of microorganisms, impurities and degradation and it excludes the necessity of refrigerators and the materials used for the aseptic packaging are recyclable.
Based on the type, the vials & ampoules segment is going to have lucrative growth during the forecast period due to the increasing demand for sterilized vials and ampoules to store chemicals and pharmaceutical products is expected to have a positive impact on the industry growth in the years ahead. Rising demand for the safer transportation of products like medical specimens, drugs, and reactive liquids in the absence of refrigeration initiates new avenues for the aseptic packaging market growth over the forecast period.
By geography, Asia Pacific is going to have high growth during the forecast period as there is a growing demand for packaged food and beverage products owing to changing consumer lifestyle and increasing spending capacities among the Asian consumers is expected to have a positive impact on the market growth. Manufacturers from the developed countries are likely interested to shift their production facilities to the Asia Pacific region in order to tap the rising end-user demand. With the prime demand for the food and beverage sector, India is expected to be a key market over the projected period.
Some of the key players profiled in the Aseptic Packaging Market include Amcor Limite, Tetra Pak International S.A., Greatview Aseptic Packaging Co., Ltd., Reynolds Group Holdings Limited, Sealed Air Corporation, Robert Bosch GmbH, Bemis Company, Inc., Schott AG, DuPont, IMA (Industria Macchine Automatiche) S.P.A, Amcor Plc, LyondellBasell and Becton, Dickinson and Company.
• Bottles & Cans
• Bags & Pouches
• Prefilled Syringes
• Vials & Ampoules
• Other Types
• Paper and Cardboard
• Liquid Filling
• Slitting Machine
• Brik Shape
• Pillow Shape
• Roof Shape
• Pharmaceuticals & Medicals (Intravenous (IV) Bags)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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