DUBLIN, January 17, 2022--(BUSINESS WIRE)--The "Global Aseptic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The aseptic packaging market was valued at USD 49.15 billion in 2020 and is expected to reach USD 72.15 billion by 2026 and grow at a CAGR of 9.5% over the forecast period (2021-2026).
Tetra Pak International SA
Sealed Air Corporation
SIG Combibloc Group
Bemis Company Inc.
Coveris Holdings SA
DS Smith PLC
Becton, Dickinson & Co
Key Market Trends
Rising environmental concerns and government policies are driving growth
Numerous conventional packaging materials produce a high amount of solid waste that adversely affects the environment and human health. As a result, several packaging companies are replacing them with edible packaging solutions made from probiotics, milk proteins, vitamins, etc., which act as an oxygen barrier to food.
This, in turn, is primarily driving the edible packaging market. Furthermore, due to rising environmental concerns, various governing agencies across the globe are implementing stringent regulations to minimize waste generation.
Besides this, numerous plasticizers and functional additives, such as antimicrobial agents, pigments, chemical preservatives, etc., are also being used in edible packaging to enhance the film's protective properties.
Moreover, the growing adoption of processed food products that need longer shelf life further escalates the demand. Additionally, the increasing focus on utilizing nanotechnological solutions, such as nanoencapsulation and multifaceted systems, to improve the nutritional value of the food is also anticipated to catalyze the edible packaging market over the forecasted period.
Asia Pacific Region Expected to Witness the Fastest Growth
The Asia Pacific is one of the fastest-growing aseptic packaging markets, owing to massive technology adoption and increasing concerns regarding product safety and shelf-life. China is also emerging as one of the dominating countries, even at the global level.
According to the USDA, China's demand for imported dairy products is expected to increase. However, China's retaliatory tariffs on US dairy products are expected to make it difficult for US dairy companies to take advantage of this situation, thus, opening up an opportunity for local vendors.
In June 2019, Lamipak launched its All Brown Board product 'LamiNatural.' The new product offers the lowest carbon footprint in Lamipak's product range. One of the critical features of the product is the absence of a layer of white clay coating, which exposes the unbleached paper underneath that gives the product its natural brown fiber appearance. Currently, the company is the largest exporter of aseptic packaging solutions from China.
China has invested more in the development of aseptic packaging technology and equipment. Guangdong, Beijing, Shanghai, Wenzhou, and Ningbo produce aseptic packing machines of paper boxes, plastic cups, equipment, and packaging materials of ultra-high temperature sterilization. China has remained one of Tetra Pak's major markets. However, with local enterprises entering the aseptic packaging industry, Tetra Pak's shares in the Chinese market have reduced.
In India, various prominent companies, including PepsiCo, believe that due to its climatic conditions, they will increase the number of sterile products in their shipping packages. This step has the potential to open up new opportunities in the aseptic packaging market. In addition, growth in pharmaceutical exports may provide a favorable market for aseptic packaging vendors and support the growth of the aseptic packaging market.
Uflex Limited provides packaging films, flexible packaging, sterile liquid packaging, chemicals, engineering, and more. The sterile packaging is sold under the brand name Asept and is used in various liquid products such as juices, alcoholic beverages, and fresh beverages. The company serves consumers in 140 countries and is headquartered in Gujarat, India.
In South Korea, the surging demand for disposable instruments in the healthcare sector is assessed to fuel the demand for vials, prefilled syringes, and ampoules, positively impacting the aseptic packaging market.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Demand to Reduce Cost of Cold Chain Logistics
4.2.2 Increasing Demand for Longer Shelf-life of Products
4.3 Market Challenges
4.3.1 Manufacturing Complications and Lower ROI
4.4 Industry Attractiveness: Porter's Five Forces Analysis
4.5 Industry Value Chain Analysis
4.6 Technology Snapshot
4.7 Industry Policies
4.8 Assessment of COVID-19 Impact on the Industry
5 MARKET SEGMENTATION
5.1 By Pharmaceutical Industry
5.2 By Beverage Industry
5.3 By Food Industry
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/fhdwgx
View source version on businesswire.com: https://www.businesswire.com/news/home/20220117005491/en/
Laura Wood, Senior Press Manager
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