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Sunday, May 26, 2024

North America Bulk Aseptic Packaging Market Forecasted Growth to Reach US$ 424.3 Million by 2032, driven by the expanding use of aseptic packaging solutions in the pharmaceutical sector

Last updated Monday, September 4, 2023 11:13 ET , Source: Future Market Insights, Inc.

Newark, United States, 09/04/2023 / Future Market Insights, Inc. /

NEWARK, DEL: According to Future Market Insights (FMI), North America 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 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.

Aseptic packaging refers to the process of sterilizing the packaging material and the contents separately and then filling the sterilized contents into the sterile package under aseptic conditions. This process helps in increasing the shelf life of the product and maintaining its nutritional value, taste, and quality.

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.

Materials used in aseptic packaging are lightweight compared to most traditional packaging types. Not only does this help businesses in transit, it eases handling for the user as well.

Aseptic packaging uses lightweight and protective materials to reduce shipping weight and eliminate the need to refrigerate products that require a cooler temperature during distribution.

The adoption of lightweight materials allows companies to cut down shipping costs by reducing shipping weight and eliminating the need to refrigerate products that generally need cooler environments during distribution.

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Key Takeaways from the North America Bulk Aseptic Packaging Market

  • Bulk aseptic packaging demand in the North America market is expected to rise at 7% CAGR through 2032.
  • Based on capacity, big bags for the IBC segment are expected to be the most attractive segment, exhibiting a CAGR of 9% through 2032.
  • Based on material, polyethylene segment is likely to create an incremental opportunity of US$ 55.7 million through 2032.
  • By application, the juices segment is expected to exhibit a growth rate of over 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.
  • The Canadian market is anticipated to exhibit a CAGR of 8% from 2023 to 2032.

The expansion of the food industry in North America is expected to amplify the overall sales of bulk aseptic packaging. This is due to the ability of this lightweight and eco-friendly packaging to extend the shelf life of products and eliminate the need for preservatives. Packaging companies that will offer bulk aseptic packaging solutions are likely to emerge as winners over the projection period.”says a lead analyst at Future Market Insights (FMI)

Ensuring Absolute Quality of Sterilization in the Pharmaceutical Industry

Aseptic packaging’s importance to the pharmaceutical market is perhaps even greater than within the food industry. This is because it ensures optimum sterility of medicines and medical devices.

Aseptic packaging allows companies to meet the stringennt requirement for devices and drugs to remain free of contamination. It offers players in healthcare the ability to ensure sterility in a range of growing areas, as well as protect medicines that may be sensitive to other forms of sterilization.

The pharmaceutical sector presents a key growth opportunity for aseptic packaging manufacturers, which is likely to continue. The increasing use of biotechnology-based drugs and the growing popularity of self-administered injectable medicine are key factors to influence the adoption of aseptic packaging in the healthcare sector.

Increasing Opportunities from the Dairy Sector to Boost the Bulk Aseptic Packaging Industry

Aseptic packaging is increasingly being used to package milk and dairy products to increase their shelf life. These products have a low acid content, so they are vulnerable to microorganisms.

Techniques like ultra-high temperature processing of milk and dairy products are gaining popularity and driving the growth of the bulk aseptic packaging industry. The aseptic packaging process is carried out for 15-20 seconds, and the products are subsequently filled in sterilized containers.

Increased consumption of milk and dairy products has led to a rise in the adoption of aseptic packaging techniques. This trend is expected to continue during the forecast period, ensuring that the aseptic packaging process gains popularity.

Key Players Are-

  • Amcor Plc,
  • DS Smith Plc,
  • Scholle Ipn Corporation,
  • Smurfit Kappa Group PLC,
  • Aran Group,
  • Goglio S.p.A,
  • Vine Valley Ventures LLC,
  • Liqui-Box Corporation,
  • TPS Rental Systems Ltd., and
  • CDF Corporation

are the prominent players in North America’s bulk aseptic packaging industry.

North America market is fragmented and the Tier 1 players in the market hold 50 to 55% share of the market. These key players are launching new packaging solutions and adopting strategies such as mergers, acquisitions, partnerships, facility expansions, and collaborations to solidify their positions. For instance,

  • In February 2022, SIG announced the acquisition of Scholle IPN, a leading manufacturer and supplier of flexible packaging solutions.

Key Segmentations-

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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Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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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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