Aseptic Paper Packaging Market By Paperboard Type (Coated, Uncoated) By Material (Plastic, Glass & Wood, Metal, Paper & Paperboard), Type Shape (Cartons, Bottles & Cans, Bags & Pouches), Size (Less than 240um, Less than 240um, 260 to 280um, More than 280um), Application (Food and Beverage), & Region
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Aseptic Paper Packaging Market By Paperboard Type (Coated, Uncoated) By Material (Plastic, Glass & Wood, Metal, Paper & Paperboard), Type Shape (Cartons, Bottles & Cans, Bags & Pouches), Size (Less than 240um, Less than 240um, 260 to 280um, More than 280um), Application (Food and Beverage), & Region
Aseptic Paper Packaging Market-Valuation-2024-2031
The Aseptic Paper Packaging Market size is estimated to be valued USD 70.65 Billion in 2023. This market is projected to grow at a substantial rate owing to high demand for quality packaging in healthcare and food and beverages industries to minimize use of chemicals or preservatives.
The increasing awareness regarding the ecological effect of single-use plastic and unsustainable business practices is further encouraging consumers to demand ecofriendly products, leading to innovations in aseptic paper packaging. Thus, Aseptic Paper Packaging Market is anticipated to grow at a CAGR of 11.47% from 2024 to 2031, projecting to reach around USD 145.23 Billion by 2031.
Aseptic Paper Packaging MarketDefinition/Overview
Aseptic paper packaging is a man-made technique that wherein stabilized or sterilized pharmaceutical, food, and other products are packed into layered paperboard materials to increase the shelf life, freshness, and retain the contamination-free environment till expiry.
While traditional plastic packaging remain cost-effective, aseptic paper upsurge eco-friendly credentials due to its renewable and recyclable nature. Thus, its sustainability and availability in various size and shapes increase its application in the packaging of various food and beverage products, from milk and juice to soups and sauces.
Despite the cost competitiveness compared to plastic and limited availability of recycled content, the future of aseptic paper packaging appears promising as well as revolutionizing the food and beverage industry.
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How Can Start-ups Cash in on the Opportunities in the Aseptic Packaging Business?
Growing demand for longer shelf life without refrigeration to reduce food waste and offer logistical advantages is a growth profiting factor for the existing manufacturers and retailers or startups.
The ease of use of aseptic paper packaging from beverages or dairy products to sauces is creating lucrative opportunities for the market as they adapt to the diverse application.
In addition to the, strict directives for maintaining food quality and safety across the world are bolstering the demand for efficient and cost-effective packaging solutions, fueling the expansion of the market over the forecast period.
Rising online grocery shopping in alignment with the high disposable income and busy lifestyle is increasing the demand for convenient, single-serve packaging, booming the hygienic and portable aseptic paper packaging. Likewise, the growing health consciousness is increasing consumption of healthy and minimally processed eatables, driving the market. Moreover, educating consumers and potential customers on the benefits of aseptic packaging, including its role in sustainability and food safety can attract a large a customer base that appreciate these eco-friendly packaging solutions. Also, the stringent regulations ban the use of plastics is shifting the preference toward renewable and recyclable alternative like aseptic paper packaging.
Which Factors Pose a Threat to the Growth of the Aseptic Packaging Market?
Complexity of operations is a barrier for both established players and start-ups. Aseptic Packaging entails several operations, ranging from sterilization to filling and assuring good operation of the equipment. Aseptic paper packaging technology require a competent and constant care to maintain the authenticity of the aseptic environment, hindering its adoption. Despite, its sustainability, the high cost compared to the traditional plastic packaging solutions is lowering its application across diverse industries.
The difficulty in obtaining recyclable contents and separation of polymers during the biodegradation process and also avoiding exposure to moisture, oxygen, and light exposure are barriers impacting the market.
In addition to these, lack of standardization in industries and stringent regulations across the world for food safety, material composition, performance, and recycling processes are impacting branding and marketing effectiveness.
Lack of awareness among the manufacturers and policymakers regarding the safety and benefits offered by the paper packaging is needing constant effort. Addressing these challenges will help the aseptic paper packaging industry reach its full potential.
Category-Wise Acumens
Why are Cartons Highly Preferred in Aseptic Paper Packaging Solutions?
Aseptic Cartons are made of renewable and sustainable materials, such as paperboard sourced from responsibly managed forests. As consumers become more environmentally concerned, they want products that are not just recyclable, but also manufactured from renewable resources. These cartons come in a variety of shapes and sizes, allowing them to store everything from milk and fruit juice to soups and even pet treats.
Cartons are good option for organizations looking to broaden their product lines because of their adaptability and ability to keep the quality and flavor of a wide range of products while ensuring their safety. In addition to this, cartons include user-friendly packaging designs such as screw tops and straw holes, which improve the consumer experience, contributing to the aseptic carton packaging market. Thus, enabling carton segment to hold a dominant position in the market.
Which Application Segment dominates the Aseptic Paper Packaging Market?
Beverages segment is anticipated to hold a dominant share in the market over the forecast period. Increasing demand for huge amounts of dairy products, such as milk, and juices is bolstering the demand for efficient packaging solutions, like aseptic paper packaging.
The need for long shelf life, maintaining freshness, and preservation benefits are highly crucial for these products, creating immense opportunities for the market.
When compared to other packaging options like glass bottles, aseptic paper packaging provides a cost-competitive solution for large-volume beverage production.
Growing consumer awareness of environmental problems is demanding recyclable and renewable packaging, spurring its application in the beverage industry.
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Country/Region-wise Acumens
Why is Asia Pacific Poised to Remain a Lucrative Market for Aseptic Paper Packaging Manufacturers?
Demand for efficient and health-conscious products among the rising middle class is being driven by rising disposable incomes and increasing urbanization in the nation. Also, stringent regulations and government initiatives in the region are promoting eco-friendly packaging, offering immense opportunities for the growth of the Aseptic Paper Packaging Market.
Growing health consciousness and knowledge about the quality and safety of food and beverages among the large consumer base in Asia Pacific is demanding advanced and cost-effective packaging solutions. Similarly, government assistance and regulatory actions promoting the use of aseptic packaging to reduce environmental footprint are bolstering the demand for this type of packaging in the region.
In the developing economies, including China, India, and Southeast Asia, the need to reduce food waste and energy consumption during product transit and storage is another growth enhancing factor. Thus, beneficial ground provided by Asia Pacific for the Aseptic Paper Packaging Market expansion is enabling it retain its dominant position on the global platform.
What is Driving Demand for Aseptic Paper Packaging in the United States?
The United States has a thriving and inventive food and beverages industry, which is fueled by a diversified consumer base with evolving preferences. Aseptic paper packaging is well aligned with the desire for convenient, preservative-free, and health-conscious products, making it a favored choice for producers looking to meet these demands.
The latest trend of health and wellness along with the busy lifestyles is shifting the focus of consumers to single-serve packaging solutions, thereby surging need for efficient and safe packaging solutions.
Moreover, the United States is at the forefront of environmental consciousness and sustainability, with both businesses and consumers actively seeking eco-friendly packaging solutions. This is likely to increase the emphasis on recycled content and bio-based materials, creating lucrative growth prospects for the market in North America. These drivers are enabling the North America exhibit significant growth over the forecast period.
Competitive Landscape
The Aseptic Paper Packaging Market holds a diverse competitive landscape, comprising of established players and emerging companies vying for market share. These players are focusing on bringing about innovation with minimal impact on the environment and catering to the product and consumer needs. For obtaining a dynamic and competitive environment, the market competitors are striving to practice strategies such as collaborations, joint ventures, and mergers and acquisitions.
Some of the prominent players operating in the Aseptic Paper Packaging Market include
Amcor plc, BD, Sealed Air Corporation, DS Smith, Elopak, SIG Combibloc Obeikan, Reynolds Group Ltd., SCHOTT, Greatview Aseptic Packaging Company, Tetra Pak International, Bemis Company, Shanghai Jielong Yongfa Printing & Packing Co., Ltd., UFlex Limited, Stora Enso Oyj, WstRock Company, Sonoco Product Company, Smurfit Kappa Group, Refresco Gerber, Nippon Paper Industries, Nampak Ltd, Mondi Ltd., Polyoak Packaging Group, IPI s.r.l, Ducart Group, and Weyerhaeuser Company.
Latest Developments
- In February 2023, Not Creme and Not Milk High Protein products are now available in SIG carton boxes owing to a partnership between Not Co and SIG. The relationship with SIG enhances the company’s knowledge and adaptability in the field of plant-based foods. SIG will also provide Not Milk Original, zero-sugar, semi-sugar, and chocolate milk products in aseptic carton packs.
- In February 2023, in partnership with MAX IV, the world’s most advanced synchrotron radiation facility, Tetra Pak has started groundbreaking research aimed at enhancing sustainable food packaging made of fiber. The primary goal of the research is to improve the composition of materials used to make paper straws by gaining new insights into the nanostructure of fiber materials.
- In November 2022,- Tetra Pak released India’s first Tetra Stelo aseptic package. The leading nutrition brand in The Coca-Cola Company’s portfolio in India, Minute Maid, now prefers Tetra Stelo packaging. This is the first Tetra Stelo Aseptic package for The Coca-Cola Company, which was introduced in the Asia-Pacific region.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2018-2031 |
Growth Rate | CAGR of ~11.47%from 2024 to 2031 |
Base Year for Valuation | 2023 |
Historical Period | 2018-2022 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
|
Regions Covered |
|
Key Players | Amcor plc, BD, Sealed Air Corporation, DS Smith, Elopak, SIG Combibloc Obeikan, Reynolds Group Ltd., SCHOTT. |
Customization | Report customization along with purchase available upon request |
Aseptic Paper Packaging Market, By Category
Paperboard Type
- Coated Paperboards
- PE-coated
- PET-coated
- Uncoated Paperboards
Shape
- Cartons
- Bags & Pouches
- Bottles & Cans
- Ampoules
- Others
Size
- Less than 240um
- Less than 240um
- 260 to 280um
- More than 280um
Application
- Beverage
- Dairy products
- Juice
- Plant-based drinks
- Carbonated drinks
- Food
- Soups & sauces
- Liquid eggs
- Nutraceuticals & dietary supplements
- Baby food
- Others
Region
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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