Aseptic Packaging Market– Detailed Analysis of Current Industry Figures with Forecasts for Growth - Exclusive Report by MarketsandMarkets™

2022-05-02 07:35:25 UTC | Chemicals & Advanced Materials
Aseptic Packaging Market– Detailed Analysis of Current Industry Figures with Forecasts for Growth - Exclusive Report by MarketsandMarkets™

The global market for aseptic packaging, in terms of value, is projected to grow from USD 39.62 billion in 2017 and to reach USD 66.45 billion by 2022, at a CAGR of 10.89%. The aseptic packaging market is growing rapidly in accordance with the growth in the packaging market, globally. The rise in demand for convenience products and ready-to-eat food products has largely contributed to the growth of the aseptic packaging market. The aseptic packaging market is classified on the basis of type, material, application, and region. 

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High growth potential in the emerging Asia-Pacific markets is expected to provide new growth opportunities to the players in the aseptic packaging market Asia-Pacific accounted for the largest share in 2016 and is also projected to be the fastest-growing market during the forecast period. Developing countries such as China and India are projected to be the emerging markets, and play a significant role in driving the Asia-Pacific aseptic packaging market. These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the aseptic packaging market in this region is driven by factors such as growth in developmental activities and rapid economic expansion. In addition to this, the rise in population in these countries presents a large customer base for FMCG products and consumer durables, which in turn is expected to lead to the growth of the aseptic packaging market. 

On the basis of type, the bottles & cans segment is estimated to grow at the fastest rate during the forecast period. This is attributed to its ability to provide high clarity and excellent barrier properties to the product enclosed within. Hence, it is widely used in the packaging of food and beverages. 

The plastic segment is estimated to be the fastest-growing in the aseptic packaging market on the basis of material; this trend is projected to continue during the forecast period, due to factors such as availability of vibrant colors, flexible to mold, and its lightweight properties. Plastic films have extensive areas of application, which include the food and beverage sectors. 

The beverages segment is estimated to be the fastest-growing application in the aseptic packaging market. This trend is projected to continue during the forecast period, as aseptic packaging is used widely in the beverage sector for the packaging of products, as it reduces the possibility of product contamination, and protects beverages from natural factors such as moisture, gas, light, and temperature.

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Electronic business processing links the entire supply chain of the packaging industry, starting from raw material suppliers, manufacturers, and packaging users, to retailers and consumers. This provides immediate and accurate information, reduction in costs and time delays, simplicity in logistics & inventory operations, and provides a better response to consumer demands. This will help increase the speed of delivery of the product, which is very crucial for a company. Hence with the development of the electronic logistical system, the market for aseptic packaging is expected to grow, and the companies operating in this sector can adopt this strategy to grow their business and to expand their consumer base.

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