Rising Global Pharmaceutical and Carton Board Demand Accelerate the Aseptic Packaging Market
Also, the rising demand for carton boards is expected to boost as it is considered a shift toward convenience, environment friendliness, and sustainability. Thus, the rising demand for carton boards is expected to reach a new height. According to the data of the Institute for Supply Management, the global market for carton boards was valued at US$86 million, which was valued at 17% of the global paper and board market for the year 2023. Thus, due to the rise in global pharmaceutical and carton board demand, the demand for aseptic packaging is expected to rise.
Growth in Natural Food and Electronic Logistics Driving Aseptic Packaging Market
Thus, the aseptic packaging market can see a growth in demand due to rising demand for healthy and natural food and beverage demand. Also, the aseptic packaging focuses on electronic tracking and logistics, where it finds an opportunity for growth. Due to high-quality printability, it enables e-tracking, where barcodes or codes play a crucial role and are also supported by RFID. Hence, the market for aseptic packaging is expected to grow due to developments in electronic logistical systems.
Recent Trends in the Aseptic Packaging Industry:
- To extend shelf life, development of high-performance films and coatings is on the rise.
- Amalgamation of IoT and sensors for real-time monitoring of product condition.
- Rise in use of eco-friendly materials and recyclable packaging solutions.
- To reduce costs adoption of automated and streamlined manufacturing processes
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Initial Cost and Fluctuating cost of raw materials Affects the Market Demand
Also, the major problem faced by the aseptic packaging market is the fluctuating cost of raw materials used to prepare packaging. Raw material such as board, polymer, aluminum, steel, and paper acts as a limiting factor. As the demand for raw materials is not stable, it directly affects the whole manufacturing system, affecting the end user. Thus, due to high cost and fluctuation in raw materials, the aseptic packaging market is expected to be hindered.
Major Launch and Rising Environmental Awareness Drives Aseptic Packaging Market
In October 2023, SIG revealed SIG DomeMini, an on-the-go carton pack that sought to combine the convenience of a plastic bottle with downsizing and recyclability. The pack was designed for recycling, resource efficiency, and minimal consumption of space. Consisting of FSC-certified paperboard, it claimed to have been produced using 100% renewable electricity. It was geared towards consumers who regularly traveled or commuted, among others, with its SIG DomeMiniCap positioned centrally to replicate the drinking experience of a bottle.
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Europe and Asia Pacific Market Shows Lucrative Opportunity for Aseptic Packaging Market
Also, Asia Pacific is considered a lucrative market due to the rise in the use of carton boxes. As per the data of the Institute for Supply Management, the demand for carton boards in Asia Pacific amounted to 58 percent of the demand of the global carton board market, which is valued at US$ 49.88 billion. Due to this, Asia Pacific topped the list, where Europe stood in second place, holding 20 percent, followed by North America, holding 16 percent of the global carbon market demand. Thus, due to the rising European Union beverage industry and global carton board market demand, the aseptic market is projected to experience a boom.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Thailand, Vietnam, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Algeria, Israel, Iran, Iraq, Kenya, Ethiopia, Rest of MEA |
Aseptic Packaging Market Research Report Covers In-depth Analysis on:
- Aseptic packaging market detailed segments and segment-wise market breakdown
- Aseptic packaging market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in aseptic packaging industry)
- Current, historical and forthcoming 10 years market valuation in terms of aseptic packaging market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Aseptic packaging market demand analysis
- Aseptic packaging market pricing analysis over forecast period (by key segment and by region)
- Aseptic packaging market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in aseptic packaging market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in aseptic packaging market
- Aseptic packaging market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on aseptic packaging market forecast by countries
- Mergers and acquisitions in aseptic packaging market
- Essential information to enhance market position
- Robust research methodology