Global Aseptic Packaging Market - Segmented by Material, Product (Carton Boxes,Bags and Pouches,Cups and Trays,Bottles and Jars, Metal Cans, Plastic Cans, and Composite Cans),End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4535849
  • Report
  • Region: Global
  • 109 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Amcor Ltd
  • Bemis Company
  • CFT SpA
  • Coesia SpA
  • Krones Inc.
  • Robert Bosch GmbH
  • MORE
The aseptic packaging market was valued at USD 39.38 billion in 2017, and is expected to reach a value of USD 69.68 billion by 2023 at a CAGR of 9.56 %, over the forecast period (2018 - 2023). The regions considered under the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Evolving consumer preferencefor packaged and processed food and increasing acceptance for various beverages are expected to drive the market, over the forecast period. Thus, the growing application of aseptic packaging in the food & beverage and dairy industries will positively impact the market, as it prevents the deterioration of products and increases their shelf life. This is primarily because of its excellent properties, such as resistance to physical and chemical deterioration, and resistance to high temperature. Moreover, increasing demand for disposable instruments in the healthcare industry is expected to increase the demand for vials and pre-filled syringes and ampoules, which will positively affect the aseptic packaging market, over the projected time frame. Aseptic packaging helps the product to stay stable for a long time, and its technology is different from the conventional food processing techniques. Furthermore, shifting the focus toward processed and packaged food, increases the demand for cartons, propelling the growth of the market over the forecast period.

However, high research and development and high initial investment cost are expected to restrain the market growth, owing to the cost of installing new packaging equipment and innovative packaging technology.

Rising Focus on the Use of Products with Longer Shelflife to Propel the Market Growth

The rising demand of consumers for products that have extended shelf life and are easy to use, necessitated the companies to develop alternate packaging solutions. Shelf life can be increased by protecting the products from potential deteriorating agents, such as moisture, oxygen, and microbes. In order to protect the contents, companies need a cost-effective packaging solution , which can also provide sufficient protection from the microbes. For instance, flexible packaging has superior barrier capabilities and can effectively protect the product from moisture and oxygen. In the recent past, food consumption has witnessed a high growth, which created a demand for the packaged food products with an extended shelf life and sterility. The United States accounts for a significant share in the demand for packaged food, owing to the busy scheduleof the citizens, which compel them to purchasepackaged ready-to-eat food items, instead of the conventional meals.

Moreover, growing incidences of diseases and the consequent dependence on medical devices and various diagnostic tools are increasing the sales of sterilized pouches. Various new technologies and raw materials are finding their way into the flexible packaging manufacturing units, to increase the shelf life of products. Research and development is focused on improving the physical and chemical properties of packaging materials. Nano packaging technologies that are gaining popularity, are inducing modified atmosphere packaging system to increase sustainability. Moreover, packaging industries are inclined toward using active, intelligent, and antimicrobial packaging systems, to increase the durability and future consumption.

Pharmaceutical Industry is expected to have a Huge Demand for Aseptic Packaging

In aseptic pharmaceutical manufacturing, packaging for parenteral-packaging components is essential for ensuring proper sterilization and utilization. The importance cannot be overstated. Ineffective component packaging can potentially affect a patient’s safety, and may result in significant financial loss. With the significant growth of pharmaceutical packaging market, the global aseptic packaging market is accelerating. The advent of novel injectable therapies, due to research and advancements in the field of biotechnology, is also augmenting the market. Moreover, strict government regulatory frameworks and industry standards for pharmaceutical packaging are encouraging the growth of aseptic packaging in developed countries, like the United States, Germany, etc. This made companies, such as Gerresheimer, which offers a broad portfolio of highly-competitive pharmaceutical ampoules in pharma glass, to invest in efficient pharmaceutical packaging.

Asia-Pacific is expected to dominate the Aseptic Packaging Market over the Forecast Period

The Asia-Pacific region accounted for the largest share among all the regions and is also projected to grow at a significant rate from 2018 to 2023, owing to the increasing demand for aseptic packaging in China and India, coupled with the growing food & beverage industry in these countries. With the increasing disposable incomes, the urbanized population is shifting towards healthy and safe packaged and processed foods. Therefore, rising income and consumption level will also lead to the growth of the aseptic packaging market in this region. Moreover, the market is expected to grow in countries, such as Australia, Indonesia, etc., over the forecast period, due to variations in consumer preferences.

Key Developments in the Market
  • January 2018 - Berry Global Inc. announced to unveil two new medical packaging solutions at the Medical Device & Manufacturing (MD&M) West exhibition. It planned to showcase DuraMed, a patented solution for form-fill-seal packages, header bags, and peel pouches. The other product to be launched is DirectSeal. These cost-effective solutions will eliminate the need for a matching coated substrate for applications, including form-fill-seal, header bags, and peel pouches.
  • January 2018 - Bosch presented innovations in the hygienic filling and sealing technology at Anuga FoodTec 2018. It demonstrated the recent FCL filling and sealing machine for dairy products, baby food, clinical nutrition, and café latte drinks, using pre-made cups, available in a range from clean, and ultra-clean to aseptic, including heightened product safety and an extended shelf life.
  • July 2017 - DuPont and other medical packaging and sterilization suppliers attended MedTech China 2017, to stimulate the development and innovation of aseptic packaging market. In addition to DuPont, industry leaders such as Cartolux, Amcor, Prent (Shanghai), Bemis, Billerud Trading (Shanghai), etc., joined Medtec China 2017, and brought with them a variety of high-quality options and innovative services in medical packaging and sterilization.
The major players include - AMCOR LTD, BEMIS COMPANY, KRONES INC., ROBERT BOSCH GMBH, CFT SPA, AND COESIA SPA, amongst others.

Reasons to Purchase the Report
  • Impact of the growth of pharmaceutical packaging industry on the market
  • Analyze various perspectives on the market with the help of Porter’s five forces analysis
  • Growth of various products such as cartons, boxes, bags, and pouches
  • Regional analysis of the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support along with the market estimate sheet (in excel)
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FEATURED COMPANIES

  • Amcor Ltd
  • Bemis Company
  • CFT SpA
  • Coesia SpA
  • Krones Inc.
  • Robert Bosch GmbH
  • MORE
1. Introduction
1.1 Scope of the Study
1.2 Executive Summary

2. Research Approach and Methodology
2.1 Key Deliverables of the Study
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases

3. Market Insights
3.1 Market Overview
3.2 Market Drivers
3.2.1 Improved Technologies in the Packaging and Processing of Aseptic Products
3.2.2 Demand for Longer Shelf Life of Products
3.3 Market Restraints
3.3.1 High Initial Costs
3.4 Industry Value Chain Analysis
3.5 Industry Attractiveness - Porter's Five Forces Analysis
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Consumers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products and Services
3.5.5 Competitive Rivalry
3.6 Industry Policies

4. Technology Snapshot

5. Global Aseptic Packaging Market Segmentation
5.1 By Material
5.1.1 Metal
5.1.2 Glass
5.1.3 Plastic
5.1.4 Paper
5.1.5 Others
5.2 By Product Type
5.2.1 Carton boxes
5.2.2 Bags and Pouches
5.2.3 Cups and Trays
5.2.4 Bottles and Jars
5.2.5 Metal Cans
5.2.6 Plastic Cans
5.2.7 Composite Cans
5.2.8 Others
5.3 By End-user Industry
5.3.1 Food
5.3.2 Beverage
5.3.3 Pharmaceutical
5.3.4 Medical Devices
5.3.5 Retail
5.3.6 Others
5.4 By Region
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Rest of Asia Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of Latin America
5.4.5 Middle East and Africa
5.4.5.1 UAE
5.4.5.2 South Africa
5.4.5.3 Israel
5.4.5.4 Saudi Arabia
5.4.5.5 Rest of Middle East & Africa

6. Competitive Intelligence - Company Profiles
6.1 Amcor Ltd
6.2 Bemis Company
6.3 Krones Inc.
6.4 Robert Bosch GmbH
6.5 CFT SpA
6.6 Coesia SpA
6.7 DS Smith PLC
6.8 Aseptic Solutions USA
6.9 Schott AG
6.10 Goglio SpA
6.11 DuPont
6.12 Tetra Laval
6.13 Greatview Aseptic Packaging
6.14 Reynolds Group Holdings
6.15 Ecolean Packaging
*List is Not Exhaustive

7. Investment Analysis

8. Future of the Market
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  • Amcor Ltd
  • Bemis Company
  • Krones Inc.
  • Robert Bosch GmbH
  • CFT SpA
  • Coesia SpA
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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