Aseptic packaging market was estimated at USD 40 billion in 2017 and is estimated to grow at a CAGR of 8% from 2018 to 2025. Aseptic packaging involves ensuring and filling the sterile product into a sterile container.
The aseptic packaging market is segmented on the basis of material, type, and application. There are four major material types such as as-as plastic, paper & paperboard, glass & wood, and metal. On the basis of type, the market is segmented as, cartons, bottles & cans, bags & pouches, and others. On the basis of applications, the market is segmented as, food, beverages, pharmaceuticals, and others.
On the basis of material, plastic is estimated to hold the largest share, owing to the excellent visibility offered by the material. In addition, a plastic material also provides safe and attractive packaging options.
The cartons segment is estimated to account for the largest share in the global aseptic packaging market. The growing demand and consumption for food and dairy products act as a key growth driver for the cartons segment. Cartons are used in the packaging of various beverages such as fruit juices, milk, soups, sauces, and syrups. The increasing urban population and growing demand for pharmaceutical supplies are expected to drive the growth in the market.
Asia-Pacific is estimated to be the fastest growing region owing to the growing demand for aseptic packaging in the developing countries, such as China and India. In addition, people are shifting towards healthy and safe packaged food due to the growing urbanization and increasing disposable income. This, in turn, supports the growth of the aseptic packaging market in the region.
The key players in the aseptic packaging market include Amcor Limited, Bemis Company, Tetra Laval International, Becton, Dickinson and Company, Robert Bosch, DS Smith and Greatview Aseptic Packaging.