ID: MRFR/PNT/1624-HCR | February 2021 | Region: Global | 111 pages
The CAGR for the aseptic packaging market is projected to be 3.8% until at least the end of 2025.
Aseptic packaging is crucial to companies in many industries. This is especially the case for those companies that regularly package either unsterile products or they package sterile products in unsterile settings. This type of packaging protects the end consumer from being exposed to and sickened by the unsterile products or the settings that they were packaged in.
This is critical for many companies that process and package/sell seafood and other types of food products that perish easily. They need to ensure the end consumer that their products are completely safe to consume. This is even more true now that COVID-19 is a global reality as a global pandemic. Consumers are wary of purchasing foods unless they are one hundred percent certain that these products were produced, processed, and packaged under conditions and in packaging that is completely sterile.
COVID-19 changed the destiny, nature, and structure of the global economy. This has been the case since this ‘gift’ from Wuhan, China first appeared on the global stage more than a year ago. Since the COVID-19 virus could be dangerous or even deadly for some people, governments responded by imposing quarantines and lockdowns.
Many industries were adversely affected because they couldn’t operate at full capacity. The aseptic packaging market was no different. Production suffered because plants couldn’t operate at full capacity. Many plants were also unable to source the raw materials needed to make the packaging. This brought the cost of manufacturing aseptic packaging up substantially. Since plants were reeling under the adverse economic effects of COVID-19, they had no choice but to pass these costs onto the end consumer in the form of higher retail and wholesale prices.
Many consumers responded by seeking out alternatives that were just as effective in terms of sterilization but which had lower price points. They were especially looking for alternatives with very affordable price points.
The aseptic packaging market remains competitive despite high barriers to entry. The fact that it’s a very lucrative market with high-profit margins is attracting many larger players. Both entrenched and new companies are surviving through innovations that result from research and development. They’re also applying new technologies to produce a new generation of more effective aseptic packaging. Finally, they’re entering into partnerships and mergers and acquisitions whenever possible and practical. The objective is to try to make more money by entering into new markets.
PactivGreen is a major player in the aseptic packaging market. It’s investing heavily in research and development to create a new generation of aseptic packaging that’s safer for both human health and the environment.
List of Companies:
a key factor that is driving growth in the aseptic packaging market is changes in consumer preferences. People are increasingly health and environmentally conscious. They prefer goods with aseptic packaging since this type of packaging is better for their health. It’s also environmentally friendly.
People have become very conscious about what they put into their bodies. This was a trend that was occurring pre-COVID-19. However, the COVID-19 pandemic just accelerated this. The middle classes in developing and developed nations, especially, are always seeking out foods that are packaged under safe conditions and in sterile packaging that will serve two purposes. It keeps the food that contains sterile. It also ensures that food doesn’t spoil from the time it leaves the farm or manufacturer to the time that it reaches the end consumer’s dinner plate.
The desire for the growing middle classes to drink more milk and eat more dairy products is creating many opportunities for the aseptic packaging market. Since it’s impossible to completely sterilize milk and dairy products and since customers want to consume dairy that’s as clean as possible, milk and dairy companies are finding that aseptic packaging is viable and wise choice.
Without aseptic packaging, fewer people would be drinking milk or consuming dairy products. This is especially true in developed nations where people are increasingly conscious about their health and the health of the overall environment. Many people in these nations realize that it’s impossible to completely sterilize these products through pasteruization. However, they do realize that packaging is important because the right type and kind of packaging will keep harmful pathogens out of these products. These pathogens and bacteria/viruses thus will not have the opportunity to grow in these dairy products.
The high cost of producing aseptic packaging continues to be a major restraint. COVID-19 has complicated matters in this regard dramatically since it has made it hard for manufacturers to source the materials needed to produce this packaging readily and at affordable price points. This has forced many manufacturers to do their own research and development. Their end goal is to try to develop innovative aseptic packaging or equivalent alternatives that are cheaper to make. However, the overall objective of this packaging it to protect various food products and ultimately the people who will buy and consume them!
There are two factors that are presenting real challenges to the aseptic packaging market. These are the fact that research and development are necessary, pricey, and extensive and the fact that manufacturers need high initial investment to enter the market. This has discouraged all but those with lots of money to spend on research and development from entering into the market. That said, there is still cut throat competition in this market.
Cumulative Growth Analysis:
The aseptic packaging market is expected to grow by 3.8% until the end of 2025. It’s expected to be worth the US $16,020 million by then. Thus, this market is expected to grow modestly. It would likely be enjoying a much higher CAGR had COVID-19 not made an appearance on the world stage. However, the long-term outlook (in the post COVID world) for this market looks bright because it has encouraged people to seek out and purchase food products that were packaged using aseptic packaging.
Foods to be packaged are sterilized. This occurs when they are subjected to extremely high temperatures. This pasteurizes the foods because it kills all harmful bacteria and pathogens that may have been living/growing in the foods. The foods are then cooled at extremely low temperatures immediately. This prevents the growth of future pathogens and bacteria.
The materials that are used in aseptic packaging market are glass, metal, plastic, and paperboard.
The aseptic packaging market is separated into the following types:
The aseptic packaging market is separated into the following applications:
The aseptic packaging market is separated into the following regions:
The aseptic packaging market has been growing phenomenally over the last few years. The Asia-Pacific region has the highest CAGR and aseptic packaging market share of all of the regions in the world. This is largely driven by the rapidly growing economies of India and China. The middle classes are exploding in these two nations and purchasing power is increasing rapidly as well.
These middle classes are increasingly health and environmentally conscious. They want their food to be packaged in packages that are safe for both the environment and their health. The food manufacturing industry is growing and evolving in these two nations. It’s also modernizing. This has lead to the increase in aseptic packaging used for various types of food products.
More and more people in these regions are eating liquid-based foods. They also want to consume pasteurized dairy products much more often.
The aseptic packaging market is growing at a CAGR of 3.8% until at least the end of 2025. It’s a lucrative aseptic packaging market and this is why it’s attracting many companies. Demand is driven by the rise of a global middle class with more purchasing power. This middle class is increasing health and environmentally conscious.
|Market Size||2025:USD16,020 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Application and Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Amcor Limited (Australia), Tetra Pak International S.A.( Switzerland), Greatview Aseptic Packaging Co., Ltd.(China),SIG Combiboc Obeikan (Switzerland), Reynolds Group Holdings Limited (U.S.), ELOPAK Group (Norway), Sealed Air Corporation (U.S.), Molopak LLC (Russia), and SIG Combibloc Group AG (Switzerland).|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The aseptic packaging market is likely to expand at a rapid pace at a considerable CAGR by 2027.
The aseptic packaging market poised to generate considerable value by 2027.
Sealed Air Corporation (U.S.), ELOPAK Group (Norway), SIG Combibloc Group AG (Switzerland), and Molopak LLC (Russia) are some major players in the aseptic packaging market.
Aseptic packaging is used in sealing sterilized products. This can cause the global market of aseptic packaging to surge.
North America aseptic packaging market can register decent growth rate.