- In the aseptic packaging market, commercial foods and their packages are sterilized separately and sealed together in a clean environment. Aseptic packaging is useful for food products like drugs, dairy products, fruit juices, soups, broths, etc. It retains the nutrients and quality of products and extends their shelf-life.
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A recent study by Grand View Research, Inc., anticipates the market to grow at a CAGR of 9.9% from 2015 to 2022. Revenues of the aseptic packaging market will surpass USD 59 billion in 2022. This may be attributed to the expanding packaging sector coupled with higher demand for convenience products.
Aseptic packaging is highly suitable for milk and other dairy products. This is due to its capability of maintaining low acid levels and longer shelf lives. Increasing consumption of milk and dairy products will positively affect the market. Greater need for pharmaceutical products and rising living styles in emerging economies will also boost demand.
Developing regions in Asia Pacific, and Central & South America are witnessing changing food habits due to hectic lifestyles. This is creating demand for processed foods. Consumers in the U.S., Australia, and Germany are leaning towards health and wellness products. Rising health awareness is triggering demand for sports and energy drinks. All these factors will contribute to added sales for the aseptic packaging market.
A key market barrier is high capital investments in the initial stages. Also, manufacturers need technological expertise to stay competitive. Pharmaceuticals are foreseen to dominate the applications market. This segment makes use of aseptic packaging to protect content from environment effects. The main containers used in pharmaceutical applications include bags, vials, ampoules, pre-fillable syringes, etc.
North America and Europe will witness high demand for the aseptic packaging market over the next seven years. The pharmaceutical segment will drive growth in North America. In Europe, strict packaging regulations and consumption of processed food would boost regional sales. However, the highest growth is estimated to be experienced by Asia Pacific. Tropical climate, rising incomes, and beverage demand in the region will contribute to this.
The leading aseptic packaging market players are Robert Bosch GmbH, Tetra Laval International S.A., DuPont, and Reynolds Group Holdings Limited. Some other notable companies include Scholle Packaging, AMCOR, Parish Manufacturing, and Greatview Aseptic Packaging.
Information Source: Grand View Research
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