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Australia Aseptic Packaging Market - Forecasts from 2022 to 2027

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    Report

  • 78 Pages
  • December 2022
  • Region: Australia
  • Knowledge Sourcing Intelligence LLP
  • ID: 5716692

The Australia aseptic packaging market is projected to grow at a CAGR of 7.63% during the forecast period, to reach a market size of US$1,924.317 million by 2027, from US$1,150.324 million in 2020.

Aseptic packaging is a process in which sterilized products are packed into already sterilized containers to improve the shelf life of products without the use of any preservatives. The demand for aseptic packaging will see growth in the Australian market during the forecast period mainly due to the growing food and beverage industry, and the shift in the trend of consumers towards edibles without preservatives.

In addition, the growing pharmaceutical sector, especially during the past few years is anticipated to propel the market. Furthermore, the demand will also snowball with the increasing demand for products with better shelf life amongst the urban population. Moreover, strict government policies regarding safety and hygiene is also projected to nudge market growth during the forecasted period. Strict packaging regulations from Food Standards Australia New Zealand (FSANZ) and rising awareness among consumers towards adopting sustainable packaging is boosting the demand for aseptic packaging in the beverage sector. Rising product launches and the emergence of market players is projected to provide lucrative market prospects in the country. Recently Messel, a plant-based food & beverage company launched range of liquid Stock in SIG's Aseptic carton packs with signature full barrier packaging material. Messel became the first Australian company to do so. However, the high initial costs for setting up aseptic packaging equipment will hinder the market growth during the coming years.

The pharmaceutical industry has been booming in the past couple of years. This boom started much before the pandemic COVID-19 hit. Growing approval of research by the government and increasing chronic illnesses have significantly impacted the demand for effective vaccines, drugs, and other types of medicine. According to the International Diabetes Federation, in 2020 about 781,300 people on average were found to be diabetic, in the age group 20-79 years. Further, it is anticipated to reach 1,935,200 by the year 2045. With is the demand for aseptic packaging is expected to grow in the forecast period. Moreover, increasing government spending on healthcare is another key factor influencing the market. According to the data provided by the Parliament of Australia the total spending on health is estimated to be US$98.3 billion for the financial year 2021-22, which is about 16.7% of the Australian Government’s expenditure. It was about 202.5 billion for the financial year 2019-20, when the coronavirus pandemic was at its peak. In addition, the Australian government revealed the pharmaceutical benefits and services, comprising primarily Australian Government subsidies for Pharmaceutical Benefits Scheme (PBS) medicines, will account for $15.2 billion, or 15.5% of total health spending in 2021-22. The following graph shows the pharmaceutical benefit and services estimated expenditure from 2020-21 to 2024-25. All these factors will significantly influence the pharmaceutical sector. With growth in the pharmaceutical sector the aseptic market is anticipated to grow in the coming years.

Furthermore, given the fierce competition in these divisions, as well as the overall underlying trend, product innovation is increasingly emphasizing flavor variability, followed by the development of fresh packaging styles for further portfolio diversification. PET is expected to continue to be a popular packaging material in the beverage sector, particularly in the JNSDIT (Juices, nectars, soft drinks, isotonic and teas), water, and CSD markets.

Key Developments:

  • February 2020: Bickford's Australia, one of Australia's oldest beverage brands, chose aseptic PET bottling with dry preform sterilization, handling both sensitive beverages and carbonated soft drinks.
  • February 2020: Bickford's launched a very flexible manufacturing line that could handle both still and sparkling products, as well as low- and high-acid product lines, with two distinct short bottlenecks and two distinct decoration options, to cater to those potentials, grow their proportion, and broaden their portfolio.

Market Segmentation:

By Packaging Material

  • Paper
  • Plastic
  • Glass
  • Metal
  • Wood

By Product Type

  • Bottles
  • Cartons and Boxes
  • Bags and Pouches
  • Cans
  • Others

By Application

  • Food Packaging
  • Bevrage Packaging
  • Pharmaceutical & Healthcare Packaging
  • Others
Frequently Asked Questions about the Australian Aseptic Packaging Market

What is the estimated value of the Australian Aseptic Packaging Market?

The Australian Aseptic Packaging Market was estimated to be valued at $1150.32 million in 2020.

What is the growth rate of the Australian Aseptic Packaging Market?

The growth rate of the Australian Aseptic Packaging Market is 7.6%, with an estimated value of $1924.32 million by 2027.

What is the forecasted size of the Australian Aseptic Packaging Market?

The Australian Aseptic Packaging Market is estimated to be worth $1924.32 million by 2027.

Who are the key companies in the Australian Aseptic Packaging Market?

Key companies in the Australian Aseptic Packaging Market include Amcor Limited, Ecolean AB, Tetra Laval International S.A, Sealed Air Corporation and SIG Combibloc Group Holdings S.À R.L..

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.4. Industry Value Chain Analysis

5. AUSTRALIA ASEPTIC PACKAGING MARKET BY PACKAGING MATERIAL
5.1. Introduction
5.2. Paper
5.3. Plastic
5.4. Glass
5.5. Metal
5.6. Wood

6. AUSTRALIA ASEPTIC PACKAGING MARKET BY PRODUCT TYPE
6.1. Introduction
6.2. Bottles
6.3. Cartons and Boxes
6.4. Bags and Pouches
6.5. Cans
6.6. Others

7. AUSTRALIA ASEPTIC PACKAGING MARKET BY APPLICATION
7.1. Introduction
7.2. Food Packaging
7.3. Bevrage Packaging
7.4. Pharmaceutical & Healthcare Packaging
7.5. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES
9.1. Amcor Limited
9.2. Ecolean AB
9.3. Tetra Laval International S.A
9.4. Sealed Air Corporation
9.5. Jet Technologies
9.6. SIG Combibloc Group Holdings S.À R.L.
*List is not exhaustive

Companies Mentioned

  • Amcor Limited
  • Ecolean AB
  • Tetra Laval International S.A
  • Sealed Air Corporation
  • Jet Technologies
  • SIG Combibloc Group Holdings S.À R.L.