The worldwide aseptic processing market is anticipated to grow at a moderate rate of 6.13%. In 2023, the aseptic processing market is expected to be worth US$95.63 Bn. Demand for aseptic processing is anticipated to peak at US$ 173.37 billion by 2033.
The growing demand for dairy and other ready-to-drink beverages globally is one of the main factors boosting the global aseptic processing market. This sector is also one of the major market players.
Due to factors like growing urbanisation, a necessary increase in discretionary spending, and the introduction of new economies, the worldwide aseptic processing market is predicted to expand significantly over the course of the forecast period.
Additionally, the pharmaceutical business is expanding quickly due to the rising need for novel injectable medications based on biotechnology, which is anticipated to in turn unleash a tsunami of hitherto unheard-of freedom for the worldwide aseptic processing hardware market. Technology developments in the manufacture of sterile pharmaceuticals are another factor driving demand for aseptic processing equipment.
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However, the market is hindered by the ever-changing costs of packaging materials such as polymer, board, paper, glass, aluminum, and steel. In contrast, opportunities in developing countries emerging markets and the expected gradual increase in global e-commerce sales during the forecast period are seen as growth factors for the aseptic processing market.
Key Takeaways
- The United States, Canada, Japan, China, and Europe are the primary contributors to the 4.2% CAGR forecast for the worldwide Bottles & Cans market.
- At the end of the forecast period, the sum of these regional markets, which accounted for $5.9 Bn in 2022, is expected to rise to US$7.9 Bn.
- The Chinese market is likely to continue to be one of the fastest expanding in this group of regional economies.
- Market size in Asia-Pacific is expected to reach US$15.1 Bn by 2033, driven by nations like Australia, India, and South Korea, while growth in Latin America is anticipated to reach 5.6% CAGR during 2018-2033.
Competitive Landscape
The aseptic processing industry is a crowded one, with many formidable competitors. In 2023, a small group of corporations is expected to control most of the sales of aseptic processing. These industry frontrunners have already established a solid foundation and are now focusing on expanding their global clientele.
These companies are attempting to increase their customer base and profits by working together. Some major companies in the market are buying up aseptic processing startups to expand their research and development.
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Recent Developments
- Tetra Pak and Poka, a worker platform provider based in Canada, have begun working together strategically as of October 2021. According to Tetra Pak, this is expected to give factory workers the knowledge and experience to speed up the process of going waste-free in the food production industry. As part of a new training and support package, this is Tetra Pak’s first globally scaled connected workforce offering.
- In September of 2021, Saputo, Inc. purchased Carolina Aseptic and Carolina Dairy. Based in Troy, North Carolina, Carolina Aseptic is committed to creating, producing, packing, and dispersing aseptic shelf-stable food items and beverages. Meanwhile in Biscoe, North Carolina, Carolina Dairy products, packages, and distributes spouted packets of chilled yogurt. Saputo would be better able to meet the rising demand for aseptic dairy-based nutritional snacks after acquiring both companies.
- Packaging companies like Nestle are working with SIG to find more environmentally friendly alternatives by May 2020. This fits well with Nestle’s objective to reduce plastic waste. Sustainable packaging materials research received CHF 5 million from the corporations, Logitech, and other industry partners for 10 years, starting in May 2020.
Key Segments in the Aseptic Processing Market
By Type:
- Processing
- Packaging
By Application:
- Food & Beverages
- Industrial
By Material:
- Paper & Paperboard
- Plastics
- Metal
- Glass
Region:
- North America
- Latin America
- Asia Pacific
- MEA (Middle East and Africa)
- Europe
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