The "Aseptic Processing Market by Packaging, Material, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The aseptic processing market was valued at $73.4 billion in 2020, and is expected to reach $133.1 billion by 2030, registering a CAGR of 6.3% from 2021 to 2030.
Aseptic processing is a process in which a pharmaceuticals, cosmetics, beverages and food product, such as ultra-high temperature (UHT) milk, complex liquid drug and its package both are sterilized or disinfected discretely and then fused and sealed under sterilized atmospheric conditions.
Aseptic processing involves utilization of plastic, glass, paperboard, or metal for packaging. These materials are extensively used to form cans, containers, cartons, and other aseptic packages. Plastic is among one of the highly used materials for aseptic processing due to its innovative visual appeal and various usage. Aseptic processing offers unique benefits, which include increased shelf life, eco-friendliness, maintains quality of contents, and no preservatives, which acts as a boon for the global aseptic processing market.
The market is majorly driven by the increased growth in the pharmaceutical industry majorly in emerging markets such as China and India. In addition, the pandemic has created an enormous demand for serialized packaging all around the world. Therefore, the production of the COVID-19-vaccine at a massive scale in numerous nations across the globe has considerably impacted the market scenario. In addition, key players in the major countries such as Serum Institute of India, Pfizer are among other several pharmaceutical & biotechnology manufacturing companies which are consistently undertaking R&D and are developing vaccines with greater efficiency against the novel corona coronavirus, which is therefore leading to high rise in demand for aseptic processing in the countries.
Furthermore, the government of various countries has aimed to vaccinate majority of their residents by the end of 2021. Therefore, the rapidly growing pharmaceutical industry around the globe is leading to rise in demand for aseptic processing. Moreover, the rise in intricacy of drugs and the surge in number of patients suffering with diseases such as diabetes, leads to rise in demand for vials and ampoules. According to the World Health Organization (WHO), approximately more than 422 million of patients are suffering from diabetes globally. Therefore, rise in health issues majorly in the highly populated countries leads to rise in demand for hygienic processing, which drives the market growth in the process.
Surge in global consumption of food & beverages fuels demand for aseptic processing, which propels the aseptic processing market. Moreover, developing packaging recycling rates worldwide fuels the aseptic processing market growth. In addition, aseptic processing is widely used in the beverages industry due to its cost-effectiveness, eco-friendliness, and recyclability nature. However, one of the significant restraints for the global aseptic processing market is uncertain prices of raw materials such as metals and plastics.
On the contrary, rise in e-commerce sales offers lucrative growth opportunities for the global aseptic processing market. The global aseptic processing market is segmented on the basis of material, packaging type, end-user, and region. By material, the market is categorized into glass, metal, plastic, and paper & paperboard.
Key Benefits For Stakeholders
Market Dynamics
Drivers
Restraint
Opportunities
Aseptic Processing Market Segments
By Packaging Type
By Material
By End-User Industry
By Region
Companies Mentioned
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