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Aseptic Packaging Market Size

Report ID: GMI2172
Published Date: Jun 2021
Report Format: PDF

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Aseptic Packaging Market Size

Aseptic Packaging Market size was valued at around USD 50.86 billion in 2020 and will exhibit a growth rate of over 8.7% CAGR from 2021 to 2027. The growing packaging industry, especially in emerging economies of Asia Pacific region including India, China, and Japan, is projected to boost the consumption of aseptic packaging.

Aseptic packaging is the technique of packing a sterile or aseptic product such as food or pharmaceuticals in a sterile container in such a way that the sterility of the product is maintained. Aseptic packaging helps in increasing the shelf life of the end products without the need for refrigeration, making it ideal for the packaging of beverages and various medicines.

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This type of packaging primarily comprised renewable resources and used approximately 60% less plastic than other options; hence, it is a sustainable option. The aseptic packaging market share will be chiefly driven by high growth in the food & beverage industry. The food and beverages and dairy product segments are the major applications of aseptic packaging. With increasing demand in these sectors.

The demand for aseptic packaged products is driven by shifting consumer preferences toward more hygienic & safe packaging of ready-to-eat food items. Rising production of milk in Asia Pacific will lead to expansion in dairy products and as a result in a surge in the product demand within the region.

Aseptic Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2020
Aseptic Packaging Market Size in 2020:	USD 50.86 Billion
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	8.7%
2027 Value Projection:	USD 90.53 Billion
Historical Data for:	2017 to 2020
No. of Pages:	195
Tables, Charts & Figures:	179
Segments covered:	Product, End-user, and Region
Growth Drivers:	Increasing demand from dairy and other edible products Rising growth of packaging industry in Asia Pacific region
Pitfalls & Challenges:	Stringent government policies regarding the use of plastics High initial capital involved in the manufacturing process

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At present, Asia Pacific is considered to have the largest share in the global packaging industry and is expected to continue this trend in the upcoming years as well. The reason for such a consistent growth rate is justified by major players shifting their manufacturing bases to developing nations of the region including India and China due to the availability of low production & labor costs.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Aseptic packaging market size had reached over USD 50.86 billion in 2020 and will observe a CAGR of over 8.7% through 2027 with the expansion of growing packaging industry.

Bottles segment had accounted for a market share of around 36% in 2020 and will register a CAGR of over 7.1% through 2027 with rising demand across the beverage sector.

Cartons segment will witness a CAGR of 7.7% through 2027 owing to increased product demand as it maintains the nutritional value, quality and taste over time.

Beverage segment will capture a volume share of 35% by 2027 due to higher product demand driven by properties like high impact resistance, good stiffness and resistance toward oxygen, moisture & light.

Europe had captured 25% share in 2020 and will record a CAGR of 6.2% through 2027 on account of growing food & beverage industry in the region.