Product ID: SQMIG30I2231
Global Aseptic Packaging Market Size, Share, Growth Analysis, By Type(Cartons, Bottles), By Material(Paper & Paperboard and Plastics) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2231 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
61 |
Figures:
75
Global Aseptic Packaging Market Insights
Global Aseptic Packaging Market size was valued at USD 57.31 billion in 2022 and is poised to grow from USD 64.04 billion in 2023 to USD 155.76 billion by 2031, growing at a CAGR of 11.75% in the forecast period (2024-2031)
The global aseptic packaging market is poised for significant growth in the coming years, driven by the rapid expansion of end-use industries like food, beverages, and pharmaceuticals in key economies such as China, India, Brazil, and South Africa. Aseptic packaging involves sterilizing food, beverages, pharmaceuticals, and other products separately from the packaging material, and then filling them into containers under sterile conditions. This process helps maintain the freshness and quality of the contents by subjecting them to high temperatures. The increasing demand for packaged foods, including ready-to-eat meals, dairy products, frozen meals, cake mixes, and snacks, is expected to fuel the market growth, particularly due to the convenience it offers to on-the-go consumers who do not require refrigeration. Although the initial cost of aseptic packaging technology is higher compared to conventional methods, the rising urbanization in countries like China and India, coupled with the growth of the milk and dairy products market, is creating a favorable environment for the aseptic packaging market. However, the industry is highly consolidated, with a few dominant players such as Tetra Pak International S.A., SIG, and Greatview Aseptic Packaging Co., Ltd., posing intense competition for domestic and new entrants. Furthermore, increasing consumer concerns about the environment are expected to drive demand for bio-based, recyclable aseptic packaging, leading to product innovation, development, and cost competitiveness becoming key factors influencing buyer decisions. Although the market faces competition from alternative processes such as hot fill technology, ESL (Extended Shelf Life), and pasteurization, the aseptic packaging technology offers advantages in terms of increased shelf life and safety, which can provide a competitive edge over the forecast period. Overall, the global aseptic packaging market is projected to experience substantial growth due to the expanding end-use industries, urbanization, consumer preferences, and environmental considerations.
Global Aseptic Packaging Market Report Snapshots
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