Report Code: A05984 | Pages: 150 | Jun 2021 | 11936 Views | ||
Author(s) : Digvijay P | Tables: 90 | Charts: 75 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aseptic Packaging Market
Request Now !The aseptic packaging market size was valued at $15,408.8 million in 2020, and is expected to reach $32,301.4 million by 2028, registering a CAGR of 9.8% from 2021 to 2028.
The aseptic packaging market was initially hampered owing to restrictions on hotels and retail sales of food & beverages was also decreased. However, the market started recovering as it is an essential service for food and beverage industry.
Aseptic packaging is a process in which a beverage or food product is packed under ultra-high temperature (UHT) and its package is sterilized or disinfected discretely and then fused and sealed under sterilized atmospheric conditions to avoid contamination with viruses and bacteria. Cans, containers, cartons, and other aseptic packages are produced using material such as plastic, glass, paperboard, or metal. Aseptic packaging increases shelf life of packaged products. In addition, it is eco-friendly.
Moreover, it maintains quality of contents packed inside and requires no preservatives, which acts as a boon for the global aseptic packaging market. Globally, governments of all regions have increased their spending on the healthcare sector. Moreover, reuse and recycling of packaging materials has gained significant attention over past few years. Plastics play a significant role in the packaging industry for both functional and economic reasons. These are some of the major driving factors for the aseptic packaging market.
However, fluctuating prices of raw materials used by packaging companies such as polymer, board, paper, glass, aluminum, and steel acts as restraint for the aseptic packaging market. Furthermore, during the COVID-19 outbreak, construction, manufacturing, and oil & gas industries were majorly affected. Construction activities were also stopped or restricted to a huge extent. Manufacturing and transportation activities along with their supply chains were also hampered on a global level, which directly hampered the aseptic packaging market growth for a brief time.
However, the market gained stability in third and fourth quarter of 2020. Moreover, gradually all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of aseptic packaging companies at their full-scale capacities, which is expected to help the market to start to recover by the end of 2021.
On the contrary, gradual rise in e-commerce sales globally and growth opportunities in emerging markets of developing countries are expected to be major opportunities for growth of the aseptic packaging market during the forecast period.
The aseptic packaging market is segmented on the basis of packaging type, material, end-user industry, and region. On the basis of packaging type, the market is divided into carton, bags & pouches, and bottles & cans. Depending on material, it is classified into glass, metal, plastic, and paper & paperboard. On the basis of end-user industry, the market is divided into beverage and food. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
By material, in 2020, the paper & paperboard segment held majority of the market. On the basis of packaging type, the carton segment is projected to dominate the global aseptic packaging market throughout the study period. On the basis of end-user industry, the beverage segment led the market in 2020, in terms of revenue, and the food segment is anticipated to register highest CAGR during the forecast period. By region, Asia-Pacific led the market in 2020, in terms of revenue, and LAMEA is anticipated to register highest CAGR during the forecast period.
The major players profiled in the Aseptic Packaging market include Amcor plc, DS Smith Plc, Mondi plc, Reynolds Group Holdings Limited, SIG Combibloc Group AG, Sonoco Products Company, Smurfit Kappa Group plc, Stora Enso Oyj, Tetra Laval International S.A., and UFlex Limited. Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, and product launch to offer better products and services to customers in the aseptic packaging market.
Key Benefits For Stakeholders
Key Market Segments
By Packaging Type
By Material
By End-User Industry
By Region
Key Players
Aseptic Packaging Market Report Highlights
Aspects | Details |
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By TYPE |
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By MATERIAL |
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By END-USE INDUSTRY |
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By Region |
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Key Market Players | TETRA LAVAL INTERNATIONAL S.A., DS SMITH PLC, SONOCO PRODUCTS COMPANY, AMCOR PLC, REYNOLDS GROUP HOLDINGS LIMITED, SMURFIT KAPPA GROUP PLC, SIG COMBIBLOC GROUP AG, MONDI PLC, UFLEX LIMITED, .STORA ENSO OYJ |
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The aseptic packaging industry has created substantial value for consumer companies through inventions that lessen manufacturing & shipping costs and design advances that empower brand differentiation & enhance their sales. In 2018, the global packaging industry was $216.85 billion and is anticipated to exhibit a CAGR of 5.6% over the upcoming years. The aseptic packaging market was valued at $15,408.8 million in 2020, and is expected to reach $32,301.4 million by 2028, registering a CAGR of 9.8% from 2021 to 2028.
The market development for aseptic packaging is principally led by developing economies of India, China, Africa, and other southeast Asian countries. Growth in these countries is driven by rise in consumer demand and new consumers, while development in mature consumer markets is propelled by lifestyle and demographic changes. Rise in disposable income and growth in urbanization generates a new customer base for manufacturers. There is a huge correlation between consumption of packaging products and average income per person, which makes developing markets lag behind developed markets, in terms of aseptic packaging consumption. Another key trend driving the aseptic packaging market growth is rise in online retail sales. Augmented online retail sales provides huge scope for paperboard packaging. Among the analyzed regions, Asia-Pacific is anticipated to account for maximum revenue in the global aseptic packaging market during the forecast period.
The major players profiled in the Aseptic Packaging market include Amcor plc, DS Smith Plc, Mondi plc, Reynolds Group Holdings Limited, SIG Combibloc Group AG, Sonoco Products Company, Smurfit Kappa Group plc, Stora Enso Oyj, Tetra Laval International S.A., and UFlex Limited. Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, and product launch to offer better products and services to customers in the aseptic packaging market.
A. The global aseptic packaging market size was valued at $15,408.8 million in 2020, and is projected to reach $32,301.4 million by 2028, growing at a CAGR of 9.8% from 2021 to 2028.
A. The forecast period considered for the global aseptic packaging market is 2021 to 2028, wherein, 2020 is the base year, 2021 is the estimated year, and 2028 is the forecast year.
A. To get latest version of global aseptic packaging market report can be obtained on demand from the website.
A. The base year considered in the global aseptic packaging market report is 2020.
A. The top companies holding the market share in the global aseptic packaging market report include Amcor plc, DS Smith Plc, Mondi plc, Reynolds Group Holdings Limited, SIG Combibloc Group AG, Sonoco Products Company, Smurfit Kappa Group plc, Stora Enso Oyj, Tetra Laval International S.A., and UFlex Limited.
A. The top ten market players are selected based on two key attributes - competitive strength and market positioning.
A. By type, the carton segment dominated the global aseptic packaging market, in terms of revenue and is expected to maintain this trend during the forecast period.
A. By material, the paper & paperboard segment is the highest share holder of global aseptic packaging market.
A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
A. The market value of the global aseptic packaging market is $16,764.8 million in 2021.
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