Global aseptic packaging market is anticipated to witness significant growth over the next seven years owing to increasing demand from end-use industries such as pharmaceuticals and food & beverages. The market is anticipated to exceed USD 60 billion by 2022 at an estimated CAGR of 10% over the next seven years. Rising convenience products demand is expected to remain a key driver for market growth. Aseptic packaging is the process of filling sterile products in sterile packages and containers in aseptic conditions. It is used for end-use applications such as fruit juices, drugs, soups, dairy products, broths, and microbial contamination. It is widely preferred due to benefits such as freshness and longer shelf life of products.
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Growing milk and dairy products globally are expected to fuel the demand over the forecast period. These products require longer shelf life and low acid content, which are provided by aseptic packaging. Increasing pharmaceutical supplies coupled with rising living standards in developing economies of Asia Pacific and Latin America such as China, India, Thailand, Vietnam, Brazil, and Argentina are expected to fuel the demand over the next seven years.
Pharmaceuticals are anticipated to emerge as the leading application segment over the next seven years. They are supplied in aseptically packed ampoules or other injectables in order to avoid exposure to the environment and attain longer shelf life. Various types of containers include ampoules, bags, pre-fillable syringes, and vials. These containers are sterilized with gamma ray, chemicals, and heat treatment.
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Increasing processed food consumption in regions such as the U.S., the UK, Germany, and Australia owing to changing lifestyle coupled with rising per capita disposable income is expected to drive market growth. Rising health and wellness trends are expected to drive the innovation in order to increase shelf life of products.
Growing nutraceutical market along with increasing self-administered drugs usage is anticipated to complement industry growth over the forecast period. Increasing energy & sports drinks demand owing to rising health concerns among consumers is further expected to drive the demand.
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