Aseptic Packaging Market Size

Aseptic Packaging Market Size

Aseptic Packaging Market size was valued at around USD 50.86 billion in 2020 and will exhibit a growth rate of over 8.7% CAGR from 2021 to 2027. The growing packaging industry, especially in emerging economies of Asia Pacific region including India, China, and Japan, is projected to boost the consumption of aseptic packaging.

Aseptic packaging is the technique of packing a sterile or aseptic product such as food or pharmaceuticals in a sterile container in such a way that the sterility of the product is maintained. Aseptic packaging helps in increasing the shelf life of the end products without the need for refrigeration, making it ideal for the packaging of beverages and various medicines.

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This type of packaging primarily comprised renewable resources and used approximately 60% less plastic than other options; hence, it is a sustainable option. The aseptic packaging market share will be chiefly driven by high growth in the food & beverage industry. The food and beverages and dairy product segments are the major applications of aseptic packaging. With increasing demand in these sectors.

The demand for aseptic packaged products is driven by shifting consumer preferences toward more hygienic & safe packaging of ready-to-eat food items. Rising production of milk in Asia Pacific will lead to expansion in dairy products and as a result in a surge in the product demand within the region.

At present, Asia Pacific is considered to have the largest share in the global packaging industry and is expected to continue this trend in the upcoming years as well. The reason for such a consistent growth rate is justified by major players shifting their manufacturing bases to developing nations of the region including India and China due to the availability of low production & labor costs.