Aseptic Packaging Market size worth $ 113.6 Billion, Globally, by 2028 at 10.45% CAGR: Verified Market Research®

JERSEY CITY, N.J., Nov. 3, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Aseptic Packaging Market" By Material (Paper and Cardboard, Plastic, Metal, Glass & Wood), By Packaging-Type (Cartons, Bottles & Cans, Bags & Pouches Market), By Application (Food, Beverage, and Pharmaceutical), and By Geography. According to Verified Market Research, the Global Aseptic Packaging Market size was valued at USD 62.6 Billion in 2020 and is projected to reach USD 113.6 Billion by 2028, growing at a CAGR of 10.45% from 2021 to 2028.

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Global Aseptic Packaging Market Overview

There is an increasing demand for utility food products with a long shelf life that also are free of bacterial contamination. Food additives are widely used in food production to extend shelf life and preserve product quality. However, People are becoming increasingly aware of the risks of utilising processed foods combined with additives. Aseptic packaging is a highly focused process that sterilizes both the package and the product separately before filling. This reduces the risk of germs present and makes the food safer and healthier. Aseptic packaging is becoming more popular as a result of an increase in government regulations prohibiting the use of food preservatives, particularly in developed countries.

A gradual increase in world e-commerce sales and growth opportunities in emerging markets of developing countries are expected to be major opportunities for the aseptic packaging market during the forecast period. However, the aseptic packaging market is impacted by the rapidly changing prices of raw materials used by packaging industries such as polymer, board, paper, glass, aluminium, and steel. Furthermore, the construction, manufacturing, and oil and gas industries were significantly damaged during the COVID-19 outbreak. Construction activities were also delayed or highly restricted. Manufacturing and transportation activities, along with their supply chains, were also affected on a global scale, which directly hampered the growth of the aseptic packaging market for a brief period of time.

Key Developments

• August 2021, Amcor expanded innovation centres in other countries. The new facilities in Ghent, Belgium, and Jiangyin, China, will welcome customers as of mid-2022, with full build-out over the next two years. The total investment is expected to be approximately $35 million.
• June 2021, Amcor has launched ACT2100 heat seal coating for medical-grade DuPont Tyvek 2 and paper packaging applications. This next-generation coating technology delivers enhanced performance features for healthcare applications and will be produced in multiple locations worldwide to offer customers increased flexibility to be supplied from the most suitable location for the manufacturing and packaging of their devices.
• In January 2021, Tetra Pak has launched a new collaborative innovation model with leading paperboard producers, a move aimed at tackling the food packaging industry's sustainability challenges.

Key Players

The major players in the market are Tetra Laval International S.A., Amcor Limited, Schott AG, E.I. du Pont de Nemours and Company, Robert Bosch GmbH, Reynolds Group Holdings Limited, Greatview Aseptic Packaging Co., Ltd., Becton, Dickinson and Company, Bemis Company, Inc., and IMA S.P.A.

Verified Market Research has segmented the Global Aseptic Packaging Market On the basis of Material, Packaging-Type, Application, and Geography.

• Aseptic Packaging Market, By Material
• Paper and Cardboard
• Plastic
• Metal
• Glass & Wood
• Aseptic Packaging Market, By Packaging-Type
• Cartons
• Bottles & Cans
• Bags & Pouches Market
• Others
• Aseptic Packaging Market, By Application
• Food
• Beverage
• Pharmaceutical
• Others
• Aseptic Packaging Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

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5 Leading Aseptic Packaging Companies: Authenticity in every packaging

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