The aseptic packaging market will reach USD 121.96 billion by
Pune, India, April 11, 2022 (GLOBE NEWSWIRE) — The aseptic packaging market The size was valued at USD 53.77 Billion in 2020. The market is expected to grow from USD 59.06 Billion in 2021 to USD 121.96 Billion by 2028 at a CAGR of 10.9% during the forecast period 2021-2028. Fortune Business Insight™ has furthered this knowledge in its latest research report, titled “aseptic packaging market, 2021-2028.”
According to the analysis, aseptic packaging solutions will grow in popularity to prevent contamination in end-use sectors, including food and beverage and pharmaceuticals. Some of the factors, such as thermal stability, chemical resistance and a lower level of contamination, are likely to bode well for the business outlook.
Key Players Profiled in the Market Report:
- Amcor Limited (UK)
- Tetra Laval SA (Switzerland)
- Greatview Aseptic Packaging Co., Ltd. (China)
- IMA Group (Italy)
- Glass SCHOTT India Pvt. ltd. (India)
- DS Smith (UK)
- Elopak Group (Norway)
- Group SIG Combibloc SA (Switzerland)
- Print Pack (US)
- Sealed Air Corporation (USA)
- Other key players
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Impact of COVID-19
Closure of manufacturing facilities to reduce industry outlook
The COVID-19 pandemic has had a tremendous impact on the expansion of aseptic packaging materials in developing and developed countries. Penetration of packaging technologies has been on the decline, partly due to subdued demand from the food and beverage industry. That said, the high demand for sterilized packaged food products has encouraged investments in the landscape. Industry players expect the healthcare industry to show strong demand for packaging technology.
In terms of materials, the market is divided into metal, plastic, paper and cardboard, glass and others.
Based on type, the market is segmented into Bags & Pouches, Cartons, Bottles & Cans, Vials & Ampoules, and others.
Regarding the application, the market is fragmented into pharmaceuticals, food, beverages and others.
Based on region, the market includes North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America
The report highlights both top-down and bottom-up approaches to offer a holistic view of the product mapping of emerging players and well-established companies. In addition, primary sources, including interviews with key stakeholders and opinion leaders, were also used in writing the report. The report includes secondary sources, such as SEC filings, press releases, and website reports, supporting the report’s veracity. The report includes qualitative and quantitative analysis to provide a comprehensive view of the global market.
Drivers and Constraints
Natural foods and beverages trend to bolster industry forecasts
Millennials and Gen Z population are expected to show their appeal for organic and natural food products in the coming period. The palpable shift towards natural food and drink products has prompted the development of quality packaging that can keep food fresh. Stakeholders expect the solution to increase the shelf life, supporting the growth of the aseptic packaging market. Moreover, the growing demand for pharmaceutical drugs has done well for large companies vying to boost their footfall.
Meanwhile, the potential environmental impact, as well as the high cost of packaging, could impact the adoption of packaging materials.
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Stakeholders Leverage Asia-Pacific Market to Gain Strategic Foothold in Pharma
Leading companies are likely to explore potential growth opportunities in China, Japan, Australia and India, largely due to demand from the pharmaceutical sector. The booming population in emerging economies could provide promising opportunities in the period ahead. Additionally, the growing footprint of bread and confectionery and cosmetics will trigger investment across Asia-Pacific.
The aseptic packaging market share in North America will witness a commendable gain over the forecast period, partly attributable to investments in the healthcare sector. As the demand for better healthcare has peaked in the United States and Canada, packaging technologies will continue to receive momentum.
Stakeholders predict that the European market outlook will be strong thanks to the growing demand for alcoholic and non-alcoholic beverages. In order to prevent contamination, end users are likely to seek aseptic packaging materials. The advanced packaging solutions will be sought in the UK, France and Germany over the coming period.
Large companies emphasize strategic approaches to boost footfall
Both established players and new entrants are likely to invest in product launches, mergers and acquisitions, technological advancements and R&D activities. The prevailing trends indicate that major companies are expected to focus on geographic expansion during the forecast period.
Development of key industry
- July 20201 – Tetra Pak and Stora Enso reached an agreement to triple beverage carton recycling capacity in Poland. The two companies will partner to deliver circular solutions to the market with a total investment of $32.8 million. The line will triple the annual recycling capacity of used beverage cartons in Poland from 25 KT to 75 KT tons.
Find out before you buy this research report:
- Search scope
- Market segmentation
- Research Methodology
- Definitions and assumptions
- Market dynamics
- Market factors
- Market constraints
- Market opportunities
- key ideas
- Main emerging trends – for main countries
- Main developments: mergers, acquisitions, partnerships, etc.
- Latest technological advancement
- Overview of the regulatory scenario
- Analysis of the five forces of carriers
- Qualitative Insights – Impact of COVID-19 on the Global Aseptic Packaging Market
- Supply chain challenges
- Measures taken by government/companies to overcome this impact
- Potential opportunities due to the COVID-19 outbreak
- Global Aseptic Packaging Market Analysis, Outlook and Forecast, 2017-2028
- Main results/summary
- By material (value)
- Paper and cardboard
- By type (value)
- Bags and pouches
- Bottles and cans
- Vials and ampoules
- By application (value)
- By region (value)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Pharmaceutical packaging market Analysis of the size, share and impact of COVID-19, by material (plastics, glass, metal, paper and cardboard), by product (plastic bottles, caps and closures, pre-filled inhalers, pre-filled syringes, vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters, Cartridges, by Type of Packaging (Primary, Secondary & Tertiary), By Mode of Drug Delivery and Regional Forecast, 2020-2027
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