by The aseptic processing market involves techniques used to sterilize and package food and beverages into sealed containers to extend shelf life without refrigeration. It involves applying heat to the product in its final package in order to eliminate any harmful microbes. This allows packaged products to stay fresh for months without preservatives or refrigeration. With fast paced lifestyles and busy schedules, consumers are increasingly gravitating towards convenient packaged foods that do not require refrigeration until opening.
The global aseptic processing market is estimated to be valued at US$ 92.82 billion in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving growth in the aseptic processing market size is the increasing demand for packaged ready-to-eat meals and beverages. With more people eating on the go, there is growing demand for food products with extended shelf life without refrigeration until opening. Aseptic packaging allows manufacturers to package convenient foods in smaller portions for single serving. It also allows packaging food products in eco-friendly and lightweight packages resulting in reduced transportation and storage costs. Furthermore, advancement in aseptic processing technology has increased production efficiency reducing turnaround time between packaging runs. New innovations like using intelligent and automated machinery powered by IoT and robotics are further helping reduce production costs and optimize operations.
Porter’s Analysis
Threat of new entrants: The aseptic processing market requires high capital investment in aseptic packaging equipment. Stringent regulations also pose entry barriers for new players.
Bargaining power of buyers: The presence of large retail chains allows buyers to negotiate lower prices from suppliers. However, specialty products give suppliers some bargaining power.
Bargaining power of suppliers: Major suppliers for aseptic packaging equipment enjoy bargaining power due to their technical expertise and credentials.
Threat of new substitutes: New technologies for food preservation like high-pressure processing offer some substitution threats. However, aseptic processing has advantages of longer shelf life without refrigeration.
Competitive rivalry: The global aseptic processing market is consolidated with few globally operating players. Intense competition exists between major players to gain market share through product launches and geographic expansion.
Key Takeaways
The global aseptic processing market is expected to witness high growth. Growing demand for convenience food and longer shelf-life is driving the adoption of aseptic packaging globally. The global aseptic processing market is estimated to be valued at US$ 92.82 billion in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030.
Regional analysis: Asia Pacific region dominated the market in 2023, driven by increasing consumption of packaged food products. China, India, and Japan are major consumers. Europe is another prominent regional market, supported by established food & beverage industry.
Key players: Key players operating in the aseptic processing market are Amcor Limited, Becton, Dickinson And Company, Robert Bosch Gmbh, Aran Packaging (Aran Group). Amcor holds a significant share of the market, while Tetra Laval is another leading supplier of aseptic packaging equipment and packaging materials.
