PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383369
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383369
According to Stratistics MRC, the Global Aseptic Packaging Machinery Market is accounted for $9.82 billion in 2023 and is expected to reach $19.01 billion by 2030 growing at a CAGR of 9.9% during the forecast period. Machinery used in the production and packing of aseptically treated goods is referred to as aseptic packaging machinery. To preserve the product's integrity and shelf life, aseptic processing requires sterilizing the product and the packaging material separately before merging them under sterile circumstances. This is essential to the procedure because it guarantees that the product is kept clean while being filled and sealed in a sterile environment.
Aseptic processing and packaging minimize the exposure of the product to high heat and long cooking times, preserving the color, flavor, and nutritional value of the contents. This is particularly important for heat-sensitive products. This machinery can handle a variety of packaging formats, including bottles, cartons, pouches, and a vial, offering flexibility in packaging design and sizes to meet consumer preferences. These are the factors influencing the growth of the market.
Production of aseptic food packaging is intricate and requires sophisticated equipment to increase productivity while preserving quality. Slitting and winding solutions for aseptic packaging are difficult and need cutting-edge technology. Additionally, aseptic market packaging in the manufacturing process is constrained by the higher production and maintenance costs associated with oil-free electric machinery equipped with slitter rewinders and food-grade components. The availability of alternative packaging options and strict plastic usage regulations are the two factors that are expected to restrain market growth.
Consumer interest in aseptic packaging is projected to rise as a result of growing public awareness of the value of ecologically friendly packaging, stringent governmental regulations banning the use of subpar plastics, and decreasing logistical costs in the cold chain. The demand for dairy products, packaged beverages and foods, and long-lasting goods has increased as urbanization increases. Consumer demand for aseptic packaging solutions is projected to be driven by food without preservatives and raw foods.
Aseptic filling machines are expensive and sophisticated pieces of equipment with significant initial expenditures for installation and setup. The time needed for installation and implementation results in higher initial investment expenses. Additionally, more money and time are needed for the installation's equipment upkeep. Therefore, the prolonged time needed for the installation of packing equipment prevents the market from expanding during the anticipated term.
The market expansion was slowed down as a result of COVID-19. It occurs as a result of the global suspension of transportation and logistics as well as decreased demand from end-user businesses like the food and beverage sectors. However, the start of widespread immunization campaigns led to an increase in online buying, which is anticipated to fuel market expansion over the course of the projection period.
The plastic segment is expected to be the largest during the forecast period. Traditional aseptic packaging makes extensive use of plastic to improve efficacy, processability, and cost-efficiency. To improve the efficacy and efficiency of the packaging, materials are sterilized, molded, packed, and sealed utilizing chemicals, heat, and irradiation. Plastic should be in high demand due to the production of bowls, trays, bags, foils, bottles, pots, cups, and pouches.
The pharmaceutical segment is expected to have the highest CAGR during the forecast period. For items like injectable drugs, vaccines, and other sterile pharmaceutical supplies, aseptic packaging is essential. Aseptic machines are necessary to maintain the integrity of pharmaceutical goods since the industry places a high priority on sterility and product safety. The growing need for aseptic packaging is being driven by the need to protect pharmaceutical items' cleanliness.
North America is projected to hold the largest market share during the forecast period. Environmental concerns, customer demand for products with extended shelf life, and the need for aseptic packaging are all predicted to rise. Consumer desire for eating unprocessed, chemical-free foods and growing public knowledge about the dangers of using food preservatives are the main factors driving market revenue growth.
Asia Pacific is projected to hold the highest CAGR over the forecast period. Rising demand for packaged food and beverage goods is likely to benefit the aseptic packaging equipment market due to changing consumer lifestyles and increased spending power among Asian consumers. To meet the expanding demand from end users, manufacturers from developed economies are anticipated to relocate their manufacturing facilities in the area, which would boost market expansion.
Some of the key players in Aseptic Packaging Machinery market include: Roquette, Cargill Inc., Tetra Pak, Dr. Oetker, Tate and Lyle plc, Grain Processing Corporation, SIG Combibloc Inc., Queen Fine Foods. Ingredion Incorporated, Uflex, Krones AG, Bosch Packaging Technology, Inc, DS Smith PLC, Coveris Holdings SA and IC Filling Systems.
In March 2023, Qatar-based leading producer of dairy-based beverages, Balanda, announced a strategic partnership with SIG, a packaging solution provider, in order to bring a new aseptic packaging solution. Under the agreement, companies will be producing aseptic packaging in the form of cartons, especially for white cheese.
In March 2022: 'SIG Combibloc Inc.' showcased an innovative full-barrier, aluminum-free, aseptic carton pack solution called "SIGNATURE EVO." It is already available for plain white dairy milk. SIGNATURE EVO's usage extends to a broader portfolio of oxygen-sensitive products like fruit juices, nectars, flavored milk, and plant-based beverages.
In January 2022: Asepto from UFlex has been chosen as the packaging partner for the FDC brand "Electral Z+ (ORS+Zinc Solution)," an OTC ready-to-drink product. The product features a formulation manufactured by 'Halewood Laboratories Private Ltd'.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.