The global aseptic packaging market size was US$ 51.77 billion in 2021. The global aseptic packaging market is forecast to grow to US$ 110.3 billion by 2030, registering a compound annual growth rate (CAGR) of 8.8% during the forecast period from 2022 to 2030.
Factors Influencing the Market
Growing demand for packed food products is driving the growth of the global aseptic packaging market. In addition, a growing number of innovations in the food and beverage sector will offer lucrative growth opportunities for the market.
The rising demand for a product with a long shelf-life will offer ample growth opportunities for the aseptic packaging market.
The growing urban population and rising dependency on ready-to-cook food products will propel the aseptic packaging market forward.
The growing healthcare industry is expected to surge the growth of the aseptic packaging industry.
Aseptic packaging is becoming more reliant on electronic tracking and logistics, and it is gaining market share. Aseptic containers are also ideal for e-tracking since they allow for high-quality printability, which facilitates the usage of codes and RFID. As a result, the market for aseptic packaging is likely to rise as electronic logistics systems improve.
Growing advancements and partnerships will surge the growth of the aseptic packaging market during the study period. In August 2021, Amcor extended its innovation centers to other countries like Belgium, Jiangyin, and China. Moreover, Amcor introduced its ACT2100 heat seal coating in June 2021 for medical-grade DuPont Tyvek 2. This next-generation coating technology offers improved performance for healthcare applications.
COVID-19 Impact Analysis
The outbreak of COVID-19 increased the demand for aseptic packaging in a variety of industries, particularly healthcare and manufacturing. Manufacturing operations have been halted, resulting in a drop in demand for specialized polymers during the initial phase. Following the growing prevalence of COVID-19, governments had to restart the production operations, which fueled the demand for aseptic packaging.
Regional Analysis
Asia-Pacific is forecast to hold the highest market share in the aseptic packaging market. Due to changing consumer lifestyles and rising consumer purchasing capacity, the demand for packaged food and beverage items is increasing rapidly. As a result, the demand for aseptic packaging will also grow during the study period. Manufacturers from developed economies are likely to relocate their production facilities within the region to meet increased end-user demand.
India is predicted to be a prominent market due to a rising inclination towards packed food, such as juices, flavored milk, etc.
Competitors in the Market
Market Segmentation
The global aseptic packaging market segmentation focuses on Type, Material, Application and Region.
Aseptic Packaging by Type
Aseptic Packaging by Material
Aseptic Packaging by Application
Aseptic Packaging by Region
