Aseptic Packaging Market Size By Product (Bottles, Cartons, Vials & Prefilled Syringes & Ampoules, Bags & Pouches), By End-user Industry (Food, Dairy, Beverage, Pharmaceutical), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, South Korea, Brazil, Argentina, Mexico, Saudi Arabia, UAE, Kuwait, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Industry Trends

Aseptic Packaging Market size generated revenue over USD 37 billion in 2016 and will grow at a CAGR of over 8% from 2017 to 2024.
 

U.S. Aseptic Packaging Market Share, By End-User, 2013 – 2024 (USD Million)

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Aseptic packaging industry will be chiefly driven by prominent growth in the food & beverage industry, as the main product application area is in food and beverages or dairy products segment. The product demand will be driven by shifting consumers preferences towards more hygienic and safe packaging methods of ready to eat food items.
 

Rising production of milk in Asia Pacific will lead to expansion in dairy products and, as a result will positively influence the aseptic packaging market growth in the region over the next few years. As witnessed in the year 2017, Asia has shown a rise in output in milk production by 1.9%, solely contributed by India and Pakistan, compensating the declines coming from China. As majority of the dairy products use milk as the basic or supporting raw material, the region is expected to have a high product demand, considering the fact that major market players in industry are using aseptic packaging in their packaging processes.
 

Many regional governments have abolished or are in the process of banning the use of single use plastic products in order to curb ecological damages caused by them. For instance, in Boston, the authorities have banned the use of non-biodegradable plastic bags and implemented 5 cent tax for the use of single-use bags. China has imposed a heavy fine of 10,000 Chinese Yuan (around USD 1,500) on manufacturers for illegal distribution of plastic packaging materials. Similar strategies have been employed in various legislations across the globe. Product manufacturers will need to comply to these regulations strictly in order to avoid any legal issues in future. Rising consumer awareness about the health and environmental impacts from food and beverage products sold in plastic packages may also hinder the market growth over the coming years.
 

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Aseptic Packaging Market, By Product

Global Aseptic Packaging Industry Size By Product, 2016

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Bottles demand will be chiefly driven by its usage in the food & beverage sector. Bottles are of two types; plastic and glass. Various types of plastics are used in aseptic packaging to make bottles like polypropylene (PP), polyethylene terephthalate (PET), high density polyethylene (HDPE) etc. depending on their functional attributes. Aseptically filled bottles are easy to handle and have a longer shelf life. They are best for storing liquid products like milk, juices and other food products that are easily perishable. Thus, bottle segment generated revenue over USD 8 billion in 2016 and shall exhibit above average growth rate over the forecast timeframe.
 

Analysis By End-user

Beverage is a major end-user segment in global aseptic packaging market. Alcoholic beverages include packaging applications for beer, wine, champagne and spirits. Packaging formats for beverage market includes glass & plastic bottles, cartons, shrink sleeves, cups & roll stock, and liquid pouches. These packages aid in preserving the freshness of the drinks and extend its shelf life. All these packages are easy to open and dispense. The United States has the largest non-alcoholic drinks market with a revenue of about USD 100 billion in 2016, whereas China accounted for the largest alcoholic drinks market with a revenue of about USD 250 billion in 2016. Hence increasing trends in the beverage market would boost up sales in aseptic packaging industry.
 

Regional Insights

Asia Pacific held the highest aseptic packaging market share in 2016 owing to the large size of its food and beverage sector and accounted for over 40% demand share in the same year. Presence of large number of companies in the region along with growth in its food & beverage sector would be the chief driver for propelling product demand in this region. In Asia, the overall food market revenue is likely to surpass USD 1 trillion by the end of 2024. China occupied the largest market share in Asian market followed by Japan and India. China generated highest revenue in the alcoholic drinks and other package food segment
 

Competitive Market Share

The aseptic packaging market share is fragmented with top five companies accounting for a little more than 40% of the overall market. A major reason for the fragmented nature of the market is due to the presence of large number of companies making various products such as cartons, bottles, pouches, bags, cans etc. Some of the prominent industry players include Amcor, DowDuPont Inc., Tetra Laval International S.A., Krones AG, Scholle IPN, Ecolean AB International Oy, Lamican International Oy, Sealed Air Corporation and Agropur Cooperative. There is high level of forward integration between product manufacturers and suppliers. Most of the companies that manufacture products have supply & distribution networks of their own. Some of the key distributors in the industry include Associated Bag, Production Packaging Equipment and Apex Packaging Corporation.
 

Industry Background

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Aseptic packaging is a process by which product such as food or pharmaceutical is packed in a sterile container in a way that maintains sterility. The product offers high impact resistance, tensile strength, good stiffness and resistance towards oxygen, moisture and light. The excellent features of the product are beneficial for packaging food products like baby food, fruits & vegetables, dried & granule food, frozen food, fast food, etc. They are extensively used for packaging fresh food products such as fish, and meat.