Aseptic Packaging Market Share

Asia Pacific Market Forecast

The Asia Pacific aseptic packaging market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The region's market growth is primarily attributed to the growing consumption of aseptic packaging and the food & beverage industry, as well as the region's elevated packaged food production rate. These include day-to-day packaged foods such as dairy products, bread & confectionary, and meat that require aseptic packaging to keep the products fresh for a longer period. For instance, the total revenue generated by the ready-to-eat meals segment in Asia was projected to reach approximately USD 300 billion in 2022. Additionally, growing industrialization and urbanization are further expected to hike the growth of the market over the forecast period. Furthermore, the growing pharmaceutical industry has increased the demand for medicines owing to the presence of a large patient pool is anticipated to increase the sales of aseptic packaging to increase the shelf life of medicines.

North American Market Forecast

On the other hand, the North America market is also projected to grow at a significant share and garner a noteworthy revenue. The ability to produce technologically advanced aseptic packaging along with the support of the growing economy and growth in the Gross Domestic Product (GDP) of the region is considered to be the major factor for market growth in the region. Other factors include high demand from end-use industries such as packaging, food & beverages, automotive, pharmaceutical, and others.