The global aseptic packaging market size was USD 35.88 billion in 2015 and is expected to grow at a CAGR of 10.2% over the forecast period. The rapid growth of end-use industries such as food, beverages, and pharmaceuticals in economies including China, India, Brazil and South Africa is expected to drive the industry growth over the forecast period.
Aseptic packaging is a process in which food & beverages, pharmaceuticals, and others are sterilized separately from the packaging. These contents are further filled into the packaging container under aseptic conditions. Aseptic packaging is usually carried out at extremely high temperature to maintain the freshness of the products.
Growing demand for packaged foods including ready-to-eat meals, dairy products, frozen meals, cake mixes, and snack foods is anticipated to have a positive impact on the industry growth over the forecast period. In addition, these type of packaging eliminates the need of refrigeration, which makes it convenient for the ‘on-the–go’ consumers. However, the higher initial cost associated with the technology as conventional processes which is likely to restrain growth over the forecast period.
Increasing urbanisation especially in the countries including the China and India is driving the demand for packaged food products. In addition, the growth in the milk and dairy products market has been generating the traction for the aseptic packaging market.
The industry is highly consolidated and dominated by very few players including Tetra Pak International S.A., SIG, and Greatview Aseptic Packaging Co., Ltd. Domestic, and new players are likely to face intense competition from these multinationals. Increasing consumer concern towards the environment is expected to raise demand for product specific, bio-based and recyclable aseptic packaging over the forecast period. As a result, product innovation, development and cost competitiveness is expected to be the key factors influencing buyer decision.
The presence of alternative processes such as hot fill technology, ESL, and pasteurization are likely to hamper market growth. However, increased shelf life and safety offered by aseptic packaging is expected to offer a competitive advantage for the technology over the forecast period.
Cartons accounted for over 35% of the global demand in 2015 and are likely to foresee a significant growth owing to their attractive design and recyclability. Aseptic cartons are primarily manufactured using paperboard and thin layers of aluminum and plastic. The growth of beverage, dairy and dairy alternatives industry owing to rising population and changing consumer dietary habits is expected to have a positive impact on the industry growth over the forecast period.
Vials and Ampoules are likely to grow at a CAGR of over 9% from 2016 to 2024. Increasing demand for sterilized vials and ampoules to store chemicals and pharmaceutical products is expected to have a positive impact on the industry growth over the forecast period. Rising demand for the product for safer transportation of drugs, medical specimens and reactive liquids in the absence of refrigeration is expected to open new avenues for the industry growth over the forecast period.
Beverages dominated the industry in terms of revenue and accounted for over 40% of the global demand in 2015. Increasing consumer demand for ready- to- go products such as fruit juices, dairy products, jams, coconut products is expected to propel demand. Furthermore, rising consumer preference towards health coupled with increasing spending capacities is expected to have a positive impact on the industry growth.
Pharmaceutical is expected to be a key application segment for the industry and is expected to grow at a CAGR of about 10% from 2016 to 2024. Aseptic packaging used in the pharmaceutical application is usually made up of glass or plastics and is used to maintain the sterility of the pharmaceutical products. The packaging offers safety against pharmaceutical product degradation, contaminants, and microorganisms. Technological innovation in the pharmaceutical industry, increasing consumer concerns towards health coupled with rising disposable income is expected to drive demand for the technology in pharmaceutical application over the forecast period.
Asia Pacific is accounted for over 35% of the global demand and is expected to be the largest market by 2024. Growing demand for packaged food and beverage products owing to changing consumer lifestyle and increasing spending capacities among the Asian consumers is expected to have a positive impact on the industry growth. Manufacturers from the developed economies are likely to shift their production facilities in the region in order to tap the rising end-user demand.
India is expected to be a key market over the projected period with the prime demand for food and beverage sector. Growing demand for natural products with no additives such as liquor, juices, and flavored milk in the region is expected to have a positive impact on the industry growth over the forecast period.
Tetra Pak International S.A. dominated the industry globally and accounted for about 60% of the global market. The existing players in the industry are anticipated to expand their production capacities and operations globally in order to strengthen the company presence in the business.
India-based flexible packaging manufacturer Uflex has invested over USD 85 in aseptic packaging business which will be commissioned by October 2016 and has the production capacity to manufacture seven billion packs annually. The company will primarily focus on the juices, energy drinks and milk applications and over 90% of the company output will be used to cater domestic market.
The key players in the industry include Robert Bosch GmbH, Tetra Pak International S.A., Greatview Aseptic Packaging Co., Ltd., Schott AG, SIG Combibloc Obeikan, Reynolds Group Holdings Limited, and Agropur Inc.
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