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2021

Aseptic Packaging Market

Aseptic Packaging Market Size, Share, Competitive Landscape and Trend Analysis Report by Packaging Type (Carton, Bags & Pouches, and Bottles & Cans), Material (Paper & Paperboard, Plastics, Metal, and Glass) and End-User Industry (Beverage and Food): Global Opportunity Analysis and Industry Forecast, 2021-2028

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Author's: Digvijay Pawar & Rohit Sawant | Sonia Mutreja
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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. 

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. 

Aspectic-Packaging-Market-2021-2028

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.

Aseptic Packaging Market
By Packaging Type
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Carton segment holds the largest share in Aspectic Packaging market

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).

Aseptic Packaging Market
By Application
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Paper and paperboard segment holds dominant position in 2020

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.

Competition analysis

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. 

Aseptic Packaging Market
By Region
2028
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging aseptic packaging market trends and dynamics. 
  • In-depth aseptic packaging market analysis is conducted by estimations for the key segments between 2021 and 2028. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The aseptic packaging market forecast analysis from 2021 to 2028 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

Aseptic Packaging Market Report Highlights

Aspects Details
Aseptic Packaging Market By TYPE
By TYPE
  • Carton
  • Bags & Pouches
  • Bottles & Cans
Aseptic Packaging Market By MATERIAL
By MATERIAL
  • Paper & Paperboard
  • Plastics
  • Metal
  • Glass
Aseptic Packaging Market By END-USE INDUSTRY
By END-USE INDUSTRY
  • Beverage
  • Food
Aseptic Packaging Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

DS SMITH PLC, SMURFIT KAPPA GROUP PLC, AMCOR PLC, SIG COMBIBLOC GROUP AG, .STORA ENSO OYJ, MONDI PLC, SONOCO PRODUCTS COMPANY, UFLEX LIMITED, REYNOLDS GROUP HOLDINGS LIMITED, TETRA LAVAL INTERNATIONAL S.A.

Analyst Review

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.

Author Name(s) : Digvijay Pawar & Rohit Sawant | Sonia Mutreja
Frequently Asked Questions?

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.

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.

To get latest version of global aseptic packaging market report can be obtained on demand from the website.

The base year considered in the global aseptic packaging market report is 2020.

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.

The top ten market players are selected based on two key attributes - competitive strength and market positioning.

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.

By material, the paper & paperboard segment is the highest share holder of global aseptic packaging market.

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.

The market value of the global aseptic packaging market is $16,764.8 million in 2021.

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Aseptic Packaging Market

Global Opportunity Analysis and Industry Forecast, 2021-2028