Driven By Expanding Dairy Industry, Global Aseptic Packaging Market To Register CAGR Over 10%

Driven by expanding dairy industry, global aseptic packaging market to register CAGR over 10%

27-Dec-16

Global demand for aseptic packaging market was valued at over US$38.25 bln in 2015, is expected to reach above US$67.47 bln in 2021 and is anticipated to grow at a CAGR of above 10.1% between 2016 and 2021, as per AtoZ Research.
Aseptic packaging market is driven by expanding dairy industry in the Asia Pacific and Brazil. As dairy products are prone to spoilage, and posses low shelf life, highly aseptic environment is required to maintain. Growing demand from the pharmaceutical sector stimulates the growth of aseptic packaging market. Surging beverage industry in the developing countries results in increase demand for aseptic packaging triggers the demand for the market. However, high initial cost with low packaging equipments may impede the penetration of aseptic packaging market. Nonetheless, ongoing research for technological advancement and rising demand from the emerging economies is likely to open new avenue for the aseptic packaging market in the near future.

Based on type the aseptic packaging market can be segmented as bags & pouches, cartons, vials & ampoules, pre-filled syringes and bottles & cans. Bottle, cans, bags and pouches are the leading type segment due to easy handling, and availability with consumer preference towards cans and pouches. For the packaging, various materials are utilized some of those are glass, plastic, paperboard and metal. Mainly plastic and paperboard are used for packing of food and beverages. Increasing environmental concern the use of plastics and paper are restricted in some regions. Growing use of aseptic packaging in various end user industries is due to its numerous applications such as pharmaceutical, food, medical applications, beverages and other applications. Pharmaceutical is the dominating application segment owing to high aseptic conditions required for packaging of drugs and chemicals. Food and beverage emerged as the potential segment due to high demand for safe and healthy processed and packed food.

Asia Pacific is considered to be the most prominent market for aseptic packaging owing to rising consumer preference for processed food. Factors such as growing beverage and dairy industry across India and China and increased spending capacity over fast and junk food contributes to the high growth of market. Escalating pharmaceutical sector in U.S. is expected to show sharp rise in aseptic packaging in North America. Europe is likely to witness faster growth in the estimated period due to stern rules led by European government over the packaging and high demand for packed food. Latin America is anticipated to show sustainable growth owing to expanding dairy industry in Brazil. Middle East and Africa is projected to experience decent growth over the period due to change in lifestyle and increasing demand for processed and packed food.