Aseptic Packaging Market Trends

Growth Drivers

• Growing Demand for Such Packaging in the Food & Beverage Industry – For instance, as of 2022, the food & beverage industry was estimated to generate a total revenue of around USD 0.75 billion. In the modern time, people are living hectic lives and have no time for proper meals, in the case the up surged inclination of the global population can be observed. Many companies are selling ready-to-eat and packaged meals which are convenient to prepare and consume. Hence, a need for the sterilization of such types of food emerges in the market that is fulfilled by the aseptic packaging.
• Increasing Production of Paper & Paperboard - In 2021, the consumption of paper & paperboard was projected to reach around 400 million tons.
• Significant Requirement to Keep Dairy Products Fresh – Dairy products that are not properly packed get soured and curdled. Thus, high-quality packaging of milk products from getting spoiled. Thus, the high demand for dairy products is anticipated to increase the demand for aseptic packaging in the forecast period. Milk production is growing exponentially YOY owing to various reasons, for instance, in 2020, about 900 million tons of milk were produced worldwide.
• Significant Upsurge in the Pharmaceutical Industry – Medicines require proper and safe packaging to increase their shelf life. Thus, aseptic packaging makes medicines safe for consumption for a long period of time. Therefore, rapid expansion in the pharmaceutical industry is anticipated to bring favorable opportunities for market growth. For instance, the pharmaceutical sector in the United States was valued at over USD 3 trillion as of November 2021.

Challenges

• Negative Environmental Impact of Aseptic Packaging – Most of the aseptic packaging is made up of plastic which highly impacts the environment and leads to soil pollution, and water pollution. Thus, this factor is estimated to hamper the market growth over the projected time frame.
• Requirement for Higher Initial Investment
• Disrupted Supply-Chain due to COVID-19