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The aseptic packaging market is estimated to grow at a CAGR of 11% between 2022 and 2027. The size of the market is forecasted to increase by USD 44,968.11 million. The market growth depends on several factors, including the growing adoption of injectible and infusion therapies, the life science innovations that will extend the range of potential drugs for chronic diseases, and the rise in demand for packaged foods rich in nutrients that promote health and wellness.
This report extensively covers market segmentation by application (healthcare, food and beverage, and others ), type (bottles, vials and ampules, prefilled syringes, cartons, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report included historic market data from 2017 to 2021.
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The growing demand for self-administered heat-sensitive injectible drugs for chronic conditions is notably driving the market growth, although factors such as high installation costs and time may impede the market growth. Our researchers analyzed the data by taking 2022 as the base year and considering the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Aseptic Packaging Market Driver
The growing trend of self-administered heat-sensitive injectible drugs for chronic conditions is a major driver of market growth. Increasing the shelf-life of products by avoiding chances of contamination and reducing the usage of preservatives are the major reasons for vendors to choose aseptic packaging solutions.
The aseptic packaging also saves on costs by generic shipping rather than expensive refrigerated shipping. The companies also focus on environmental sustainability and take different initiatives to achieve it. Aseptic packaging products usually combine paper, plastics, and aluminum. Less energy is used to manufacture, fill, and transport aseptic packaging than conventional modes of packaging. As paper is the main component of aseptic packaging, this type of packaging is highly recyclable. Also, the flash heating process used in sterilizing contents ensures that the nutrient value of the food is not destroyed and remains intact without additives and preservatives. This process also contributes to the eco-friendly nature of aseptic packaging because it consumes less energy than other modes of sterilization. Thus, the advancement of eco-friendly and sustainable aseptic packaging is expected to drive the growth of the global aseptic packaging market during the forecast period.
Significant Aseptic Packaging Market Trend
Adopting new processes like microwave heating and ultra-high pressurization, to ensure minimal fuel consumption is a new trend in the aseptic packaging market. These processes are highly energy-efficient and environmentally viable. This trend is expected to foster the growth of the global aseptic packaging market during the forecast period. Major companies are adopting these new processes.
The conventional methods of heating products to kill microorganisms affect product quality, and they are, therefore, being superseded by high-temperature short-time (HTST) processing methods. Such methods subject products to intensely high temperatures, which considerably reduces heating time, thus preserving the nutrient value of the products. HTST techniques are most applicable to liquids. For food more than a couple of millimeters thick, ohmic heating methods such as electrical resistance heating are used in the sterilization process. Foods are made a part of the electrical circuit through which current flows, causing heat to be dissipated because of the internal resistance of the food material. Almost 90% of the electrical energy is transformed into heat. Therefore, these heating techniques are highly energy efficient. They are also environmentally viable as there is minimal consumption of fuel.
Major Aseptic Packaging Market Challenge
The high installation costs associated with new packaging equipment are a challenge that may hinder market growth during the forecast period. Vendors may also incur additional overhead prices due to problems related to the working efficiency of the equipment. Additionally, the proper installation and implementation of aseptic packaging equipment require highly skilled and trained technicians. This forces vendors to perform a cost-benefit analysis to ensure that the switching costs are offset by the advantages of the technology and a faster break-even time.
The installation of packaging equipment requires a substantial amount of time, which is a major challenge to vendors in the global aseptic packaging market. This challenge also extends to the aseptic packaging process. Initial investment costs increase because of the time required for the installation and implementation of aseptic packaging equipment. It takes a minimum of two months before a new aseptic packaging machine comes into operation. Moreover, the maintenance of the installed equipment requires additional investment and effort. Therefore, the long period required for the installation of packaging equipment is a hindrance to the growth of the global aseptic packaging market during the forecast period.
Key Aseptic Packaging Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, it includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Aseptic Packaging Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor Plc. - The company offers aseptic packaging in different forms such as bottles, pouches, semi-pouches, and plastic cans. Globally, the business develops and distributes flexible packaging through its flexible segment. This segment is the largest provider of plastic, aluminum, and fiber-based flexible packaging.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market growth of the healthcare segment will be significant during the forecast period. Healthcare packaging products are categorized into primary packaging and secondary packaging. The primary packaging products are made using materials such as plastic, glass, cardboard, aluminum foils, and wood among others. Secondary packaging products usually consist of packaging products like bottles, ampules, vials, inhalers, tubes, pouches, and blister packs among others. The growing trend of self-medication procedures and the usage of over-the-counter drugs is driving market growth in this segment.
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The healthcare segment showed a gradual increase in the market share of USD 20,551.88 million in 2017 and continued to grow until 2021. Consumption of aseptic packaging solutions is the highest in countries such as the US, Japan, and China. Pharmaceutical manufacturers are the major customers of healthcare packaging solutions. However, certain packaging solutions are tailor-made for point-of-purchase pharmacies. Thus, the healthcare segment is contributing to the growth of the global aseptic packaging market.
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APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growing non-cyclic markets like dairy, food and beverages, pharmaceuticals, etc., are driving the aseptic packaging market growth in the region. The expanding pharmaceutical production capabilities, medicines exports, and the staging-in of a broad government program in India and China are expected to drive market growth in the APAC region.
The growing mergers and acquisitions in South America are one of the major factors driving the market growth in the region during the forecast period. Owing to the rapid expansion of end-user industries such as e-commerce, fast-moving consumer goods (FMCG), and personal care, the developing countries in the region are major revenue contributors to the market.
This report forecasts the contribution of all the segments to the market growth. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to the slowing down of market growth in 2020. It is due to the halt of transportation and logistics across the world as well as declined demand from end-user industries like food and beverages. However, the initiation of mass vaccination drives resulted in the popularity of online shopping, which is estimated to foster market growth during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The reports categorize the global aseptic packaging market as a part of the global metal and glass containers market within the overall global containers and packaging market. The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Aseptic Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11% |
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Market growth 2023-2027 |
USD 44968.11 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
10.6 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 37% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amcor Plc, Becton Dickinson and Co., CAPAK CAPITAL CO. LTD., CDF Corp., Elopak AS, Gehl Foods LLC, Goglio S.P.A., Greatview Aseptic Packaging Manufacturing GmbH, KRONES AG, Mondi plc, Printpack Inc., Pyramid Laboratories Inc., Scholle IPN Corp., SCHOTT AG, SIG Group AG, Syntegon Technology GmbH, Tetra Laval S.A., DS Smith Plc, DuPont de Nemours Inc., and Glanbia plc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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