The escalating demand for aseptic packaging solutions from the food and pharmaceutical sectors is acting as a catalyst triggering growth in the bulk aseptic packaging market.
According to Future Market Insights (FMI), the North American bulk aseptic packaging market is estimated to reach a valuation of US$ 305.2 million in 2023. Over the next ten years, demand for bulk aseptic packaging in North America is projected to increase at 3.7% CAGR. By 2032, the total market value is likely to reach US$ 424.3 million.
The demand for aseptic packaging solutions has been increasing rapidly in recent years due to the rising applications in packaged food and beverages, such as dairy products, juices, etc.
Growing concerns about food safety and the need to reduce food waste will also drive demand for aseptic packaging solutions.
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Drivers:
- Growing Demand for Convenient Packaging: Consumers’ busy lifestyles and preferences for convenience are driving the demand for bulk aseptic packaging. This packaging format offers extended shelf life and ease of use, making it appealing for various products.
- Increasing Consumer Awareness: Growing awareness of food safety and hygiene has led to a preference for aseptic packaging, which ensures the preservation of product quality without the need for preservatives or refrigeration.
- Sustainability and Environmental Concerns: Bulk aseptic packaging is considered more eco-friendly compared to some traditional packaging formats. This sustainability aspect is gaining importance in the market.
- Rise in E-Commerce and Online Shopping: The surge in e-commerce has increased the need for aseptic packaging, which can safeguard products during transportation and distribution.
- Innovation in Packaging Materials: Ongoing innovation in materials and technology is expanding the application of aseptic packaging to a wider range of products, including dairy, beverages, and liquid foods.
Restraints:
- High Initial Investment: The machinery required for aseptic packaging can be expensive, making it a significant initial investment for manufacturers.
- Complexity of Processing: The aseptic filling process can be complex and may require specialized equipment and training for operators, increasing operational costs.
- Packaging Material Costs: Aseptic packaging materials, such as multi-layer cartons, may be costlier than traditional packaging materials, affecting overall production expenses.
- Limited Customization: Aseptic packaging options may have limitations in terms of customization compared to other forms of packaging.
- Consumer Acceptance: While awareness is growing, some consumers may still be hesitant to adopt aseptic packaging, especially for certain product categories.
- Regulatory Compliance: Aseptic packaging must meet stringent regulatory and quality control standards, adding an additional layer of complexity.
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Key Takeaways from North America Bulk Aseptic Packaging Market
Bulk aseptic packaging demand in North America market is expected to rise at 3.7% CAGR through 2032.
Based on capacity, big bags for IBC segment is expected to be the most attractive segment, exhibiting a CAGR of 3.9% through 2032.
Based on material, polyethylene segment is likely to create an incremental opportunity of US$ 55.7 million through 2032.
By application, juices segment is expected to exhibit a growth rate of over 4.2% CAGR over the forecast period.
By end use, food and beverage segments are together expected to account for more than 85% of the market share in 2023.
The United States bulk aseptic packaging market is forecast to exceed a valuation of US$ 365.3 million by 2032.
Key Players
- Smurfit Kappa Group PLC
- DS Smith Plc
- Scholle Ipn Corporation
- Aran Group
- Goglio S.p.A.
- Liqui-Box Corporation
- Vine Valley Ventures LLC
- CDF Corporation
- TPS Rental Systems Ltd.
- Amcor Plc
North America Bulk Aseptic Packaging Market by Category
By Capacity:
- Bulk Bags for Drums (220 liters/55gl)
- Big Bags for IBC (800 to 1600 liters/280-330 gl)
By Material:
- Polyethylene (PE)
- Ethylene Vinyl Acetate
- Metallized-PET
- Ethylene Vinyl Alcohol
- Nylon
- Foil
By Application:
- Milk
- Juices
- Cream
- Yogurt
- Bakery and Confectionery Products
- Cereals
- Processed Fruits & Vegetables
- Liquid Egg Products
- Ice cream Mixes
- Baby Foods
- Medicines
- Oil
- Beauty Creams & Lotion
By End Use:
- Food
- Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
By Country:
- United States
- Canada
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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