Aseptic Processing Market, By Packaging Type (Cartons, Bags & pouches, Vials & ampoules, Pre-filled syringes, Bottles & cans, Others), By Type (Packaging Type, Equipment Type), By Application (Food, Beverages, Pharmaceutical, Other), By Material Type (Paper and paperboard, Plastic, Metal, Glass and wood), And By Geography (North America, Europe, Asia Pacific, Latin America)-

Published In : Jul 2023

Code : CMI6076

Pages :145

Formats :

Excel and PDF

Industry : Packaging

Market Challenges And Opportunities

Global Aseptic Processing Market Drivers:

Increasing demand for pharmaceutical supplies to foster market growth

The rapidly growing pharmaceutical industry around the world and rising prevalence of chronic diseases coupled with growing base of geriatric population are driving the demand for sterilized medicines. According to the Government of India Ministry of Chemicals & Fertilizers Department of Pharmaceuticals, The Indian pharmaceutical industry is the world’s 3rd largest by volume and 14th largest in terms of value. Total Annual Turnover of Pharmaceuticals was Rs. 2, 89,998 crore for the year 2019-2020. Total pharmaceutical exports and import were to the tune of Rs. 1, 46,260 crore and Rs. 42,943 crore respectively in the year 2019-20.

Growing demand for convenience and quality food products to foster market growth

Growing demand for convenience and quality food products is one of the key factors expected to fuel global aseptic processing market growth over the forecast period. According to the Government of Canada, in 2021, retail sales of packaged food in South Korea totaled US$35.3 billion. Top packaged food categories for sales value included rice, pasta and noodles, dairy, and processed meat, seafood and alternatives to meat. Premium ready meals and convenient, easy to cook foods have become a growing demand within packaged food categories in South Korea during the pandemic.

Global Aseptic Processing Market Opportunities:

Growing popularity of eco-friendly packaging is expected to provide significant market growth opportunities. According to the New York Society of Cosmetic Chemists (NYSCC), environmentally friendly packaging easily decomposes in the environment and are produced from naturally derived materials. In May 2022, Elopak has announce the market launch of the Pure-Pak® eSense carton: a more environmentally friendly aseptic carton made without an aluminium layer.

Rise in the usage of self-administered drugs around the globe is one of the key factors that is expected to serve growth opportunities to the global aseptic processing market over the forecast period. A growth in the number of large – molecule, biopharmaceutical drugs in development pipelines, has led to a rise in the need for administration systems and injectable packaging.