Aseptic Packaging Market Analysis

Aseptic Packaging Market Analysis

The bottles segment held the largest market share of around 36% in 2020 and is projected to grow at a CAGR of over 7.1% through 2027 majorly driven by their growing usage in the beverage sector. Bottles are mainly of two types, plastic and glass. They are the best fit for storing liquid products such as milk, juices, and other beverages that are easily perishable.
 

Glass jars are aseptically filled with food containing small particles such as pickles, baby food, sauces, etc. Furthermore, cartons are projected to grow at the highest CAGR of 7.7% during the assessment period. Aseptic carton packs maintain the nutritional values, quality, and taste over time as well as protect the content from exposure to light and other contaminants.
 

The beverage segment dominated the global market and is anticipated to reach around 35% of volume share by 2027. This growth is mainly attributed to its properties such as high impact resistance & tensile strength, good stiffness, and resistance toward oxygen, moisture & light. Aseptic packaging helps in increasing the shelf life of end products without the need for refrigeration, making it ideal for the packaging of beverages. Additionally, it also enables to cut down logistics costs, adding to the segment’s growth potential over the forecast timeframe.
 

The dairy segment is expected to grow significantly owing to the growing milk production in Asian countries and the rising demand for hygienic packaging in the segment as dairy products are perishable. Global milk production increased from 824 million tons in 2017 to 843 million tons in 2018. This rise in milk production led to increased dairy product output in all categories. This rise in dairy products would hence increase the aseptic packaging market value in the coming years.
 

Asia Pacific dominated the global aseptic packaging market owing to the large size of its food & beverage sector. The growing population in China and India is largely contributing to an increase in the food & beverage industry, which is driving the demand for aseptic packaging. In Asia, the food market revenue accounted to be about USD 1 trillion in 2019 and it is expected to grow at a rate of 6% in the coming years.
 

Additionally, the increasing milk production, mainly in India, is likely to influence the overall industry growth. For instance, in India, milk production has increased from 165.4 million tons in 2017 to 198 million tons in 2020. Furthermore, Europe occupied 25% of the market share in terms of volume in 2020 and is projected to grow at the CAGR of 6.2%. The surging food & beverage industry in Europe will augment the aseptic packaging market growth owing to the excellent features of the product, which are beneficial for packaging food & beverages products.