Market Overview
Aseptic packaging is a type of packaging of beverage or food products under ultra-high temperature. Under this packaging, it is sterilized or disinfected to avoid contamination with viruses and bacteria. Aseptic packaging accelerates the shelf life of packaged products.
The Aseptic Packaging maintains the quality of packed products inside. These don’t require any preservatives; this factor boosts the Aseptic Packaging Market globally. The government’s higher investment in the healthcare sector and the recycling of packaging materials will help the market gain significant attention in the few years.
The price fluctuation of raw materials such as polymer, board, paper, glass, aluminum, and steel is a growth hampering factor of the market. During the COVID-19 outbreak, construction and oil & gas industries were highly affected. Construction activities were halted, and transportation activities stopped, which affected the supply chains. This has shown a major impact on the growth of the Aseptic Packaging Market. But the market maintained its stability gradually. In the post-pandemic period, the market will recover from the loss and regain its position. The rise in e-commerce sales will set growth opportunities in developing countries, which will boost the market’s growth.
The Aseptic Packaging Market will obtain a value of USD 75,548.7 million by 2027 and register a CAGR of 7.07 % in the forecast period.
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Market Segments
The Aseptic Packaging Marketis segmented into material, type and application.
The material segment is categorized into plastic, paper and paperboard, metal, and glass.
Plastic is used for aseptic packaging because of its barrier properties. Paper & paperboard is used for secondary packaging of pharmaceutical products. Metal cans are treated using superheated steam. Glass packaging is most preferred for aseptic products like injection syringes, bottles, and prefilled syringes.
The type segment consists of cartons, bottles and cans, bags and pouches, vials and ampoules, and prefilled syringes. The bottles & cans segment will lead the global aseptic packaging market in the forecast period.
The application segment is categorized into food, beverages, and pharmaceuticals. The higher consumption of convenience foods is driving the food segment.
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Regional Analysis
The Aseptic Packaging Marketis distributed into major regions such as the North American countries, European Union, Asia-Pacific, the Middle East and Africa, and the South American region.
The North American market will witness robust growth in the forecast period. The regional market is emerging due to the presence of market players in the region. The strategic developments are propelling the regional market growth.
The European Union is showing significant growth in the forecast period due to the directives set by the European Union authorities for false packaging medicines. The EU authorities have introduced anti-counterfeiting technologies, like covert technology, overt technology, and forensic technology for pharmaceutical packaging. This is contributing to the regional market growth and development. All other regions will also show a steady growth rate in the forecast period.
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Industry News
In May 2021, Sonoco ThermoSafe, a Sonoco operating unit in temperature assurance packaging, and Cathay Pacific Air Cargo announced a global partnership agreement to lease the new Pegasus ULD temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight to lease Pegasus ULD containers directly from Cathay Pacific Cargo.