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Global Aseptic Packaging Market Growth Size, Share and Global Outlook 2022-2030

09-14-2022 10:12 AM CET | Associations & Organizations

Press release from: Inkwood Research

ASEPTIC PACKAGING MARKET

ASEPTIC PACKAGING MARKET

According to the estimations put forth by Inkwood Research, the Global Aseptic Packaging Market is set to project a CAGR of 9.17% in terms of revenue during the forecasting years of 2021-2028.
"Browse 43 Market Data Tables and 44 Figures spread over 159 Pages, along with an in-depth TOC on the Global Aseptic Packaging Market Forecast 2021-2028."

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Aseptic packaging entails filling sterilized perishable items in pre-sterilized packages mainly composed of flexible and rigid plastics, metals, and other materials, in a sterile environment. Moreover, aseptic packages ensure ESL for their contents, while maintaining the original aroma, texture, as well as other functional characteristics. Although packages are typically sterilized using methods of thermal processing, including the application of steam-air mixture, hot water, and microwave energy, they can also be sterilized through radiation treatment and chemical reagents.

Low Cost of Plastics Promotes Market Growth
Plastics play a crucial role in the packaging industry for both economical and functional reasons. Besides, they are relatively lower, in terms of weight and cost, when compared to other packaging materials. In addition to their affordability, the versatility and potential for performing exceptionally well, even in low temperatures, make plastics an essential component of aseptic packaging. This includes the trend of glass replacement by plastics in order to satiate the increased demand for bottles. High barrier and heat resistant plastics are also replacing conventional materials like metal and glass. Since aseptic packaging primarily constitutes renewable resources, they utilize nearly 60% lesser plastic than other packaging choices, and need reduced energy for production.
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Paper & Paperboard to be the Fastest-Growing Material
Paper and paperboard are predominantly used for manufacturing pouches and cartons. The two types of paperboard cartons used in beverage packaging include gable-top cartons and non-gable top cartons. The most common kind of paperboard utilized for aseptic packaging is the solid bleached sulfate (SBS) paperboard, characterized by 80% virgin bleached wood pulp. Since paperboard aseptic cartons comprise multi-layers, owing to the effective light-blocking capabilities, they are suitable for organic beverages, like juices, pulps, and dairy products.

Asia Pacific to Lead & Dominate the Global Market by 2028
The global aseptic packaging market is primarily fueled by developing countries in the Asia Pacific, such as, India, South Korea, Indonesia, China, and Vietnam, among others. In terms of aseptic packaging across the region, the level of consumption has continued to remain optimistic and reliably robust. This is mainly accredited to the rising consumer disposable income, rapid urbanization, and the increased consumption of food products and beverages, given the extensive population base.
Vendors across the global market are involved in industry alliances, including collaborations between aseptic filling equipment as well as packaging solution providers. This facilitates the differentiation in their market presence. The rising packaging requirements further influence vendors to strategize and materialize strong approaches, to gain competitive advantages. As a result, the global aseptic packaging market is projected to observe moderate to increasing competitive rivalry, over the forecast period.
Key enterprises operating in the market are, DS Smith PLC, Amcor PLC, Mondi PLC, etc.

Related Reports:
GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET
GLOBAL FLEXIBLE PACKAGING MARKET
GLOBAL BLOW MOLDED PLASTICS MARKET

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