Aseptic packaging market to reach US$70 billion

The global aseptic packaging market is witnessing a momentum in the F&B sector, with a forecast of over USD 70 billion in 2024, according to a report by Global Market Insights. This is driven by the strong growth in convenience foods and ready to go meals. Aseptic packaging satisfies consumer demand for safer products with longer shelf life, therefore food providers and retailers have had to adapt to aseptic packaging to keep up with the trends.

In the aseptic process, products are sterilised using ultra-heat treatment, undergoing high temperatures then quick cooling to retain their nutrients, natural textures, colours and flavours. All the ingredients and nutrients along the value chain are safeguarded and safely delivered to the consumers.

Global Market Insights explains: Product applications in the beverages industry is rising due to the sustainable properties of aseptic packaging, such as protection from deterioration of perishable beverages by minimising the risks in un-refrigerated trucks at different ambient temperatures, will foster growth in the market. Gains in the food industry will be supported by growing applications in liquid, low-particulate, and pumpable food products, replacing conventional packaging products and driving the market over the forecast timeframe.

In 2016, aseptic cartons made up for more than 26% of the global packaging market and this trend may continue to see a surge as cartons are widely used in the milk packaging industry. Add to that, the consumption of liquid food, dairy and perishable items and the demand for the beverage sector will continue. While the aseptic packaging sector in the F&B space is fragmented due to multiple players such as Tetra Pak, SIG, Elopak, GenPak, Amcor, many providers are realigning their strategies to differentiate their offerings through a clear and unique value proposition.