The aseptic external environment includes filling machines and equipment required for packaging. This kind of packaging involves flash pasteurization of products so that they retain their original texture, aroma, and organoleptic characteristics. The containers are sterilized by heat, chemical, or gamma ray treatment. They can be pouches, bags, vials, ampules, or pre- fillable syringes and can be of varying dimensions. They contain no additives or preservatives and can have a shelf life of more than two years. The key customers of aseptic plastic packaging products are the dairy, food and beverage (F&B), and pharmaceutical and healthcare sectors.
Market Dynamics
Drivers
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Increased demand from healthcare sector and F&B industry
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Sustainability of aseptic packaging and complex supply chain
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Increased Focus on Product Innovation
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Lack of Cold-chain Facilities especially in Asia-Pacific
Restraints
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High Initial investment and Extended installation time of equipment
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Vulnerability of aseptic packaging materials
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Contamination in Aseptic Packaging
Market Segmentation
Aseptic carton packaging is expected to be the fastest-growing segment in the global aseptic packaging market. Paper, timber, pulp, and other similar materials that can be easily recycled are used as basic raw materials in aseptic carton packaging.
The global aseptic liquid packaging market volume for cartons was 60.29 billion units in 2019 and is expected to reach 103.02 billion units by 2027 with a CAGR of 7.06% during the forecast period 2020 to 2027.
Paper and paperboard materials are used for blocking, preserving, bracing, and cushioning products. The most common cardboard used for the carton packaging of dairy products is whiteboard. It is suitable for packaging ice cream, milk, or butter as it is coated with wax or plastic for heat sealability.
The market is highly fragmented, with the presence of many large companies and micro, small, and medium enterprises (MSMEs). The growth of the market is attributed to the need for companies to supply convenient carton packaging to customers across all verticals of consumables.
Geographical Segmentation
The aseptic packaging market in North America is primarily driven by the US. The market in the US is highly competitive as the major vendors in the global aseptic packaging market are mostly based in the US. The popularity of canned processed foods has propelled the adoption of aseptic filling techniques in North America.
The North America Aseptic liquid packaging market value was USD 6.17 billion in 2019 and is expected to reach USD 10.31 billion by 2027 with a CAGR of 6.73% during the forecast period 2020 to 2027.
A rise in demand for pharmaceutical filling is also expected to propel the demand for aseptically packaged products. Unit-dose delivery formats such as vials, ampules, and prefillable syringes also require sterile aseptic packaging as these are preservative- free. The North American aseptic healthcare packaging market is dominated by the US and will continue to be the largest market for this type of packaging even though its growth is set to be hindered by the growing demand in emerging countries with burgeoning pharmaceutical imports. The demand for innovative forms of packaging in the US is propelled by stringent regulations placed by watchdog agencies such as the FDA. Glass packaging accounted for a major share in the region for aseptic pharmaceutical packaging.
Competitive Landscape
Major players in the market are, Amcor Limited, Uflex Ltd., Tetra Laval International S.A., Greatview Aseptic Liquid Packaging Co., Ltd., The DOW Chemical Company, Elopak, Krones AG, IPI srl, Smurfit Kappa.
The competitive environment in this market is expected to intensify further with an increase in product/service extensions, technological innovations, and M&A. International players are expected to grow inorganically by acquiring regional or local players. Companies with extensive technical and financial resources like Tetra Laval can develop innovative products, which can render products by smaller vendors obsolete and non-competitive even before they are launched, making it difficult for those vendors to recover their R&D and commercialization costs. Therefore, vendors not only have to develop new technologies but also have to be abreast with emerging technologies to remain competitive in the market.
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