Study: Global Demand for Aseptic Packaging to Approach $36MM in 2015
World demand for aseptic packaging is projected to grow to $35.8 billion in 2015, according to a new study conducted by The Freedonia Group.
World demand for aseptic packaging is projected to grow 9.1% per year to $35.8 billion in 2015, according to World Aseptic Packaging, a new study conducted by The Freedonia Group, Inc., a Cleveland-based industry market research firm.
Advances will be driven by the increasing number of applications and the cost and convenience benefits associated with aseptic packaging (especially in terms of ambient storage and transportation). Strong growth is expected in developing countries, where the lack of a cold supply chain infrastructure will continue to fuel demand for shelf-stable products packaged aseptically, the study says.
Meanwhile, beverages will continue to represent more than half of the global aseptic packaging market. Demand for aseptic packaging in beverage applications will benefit from output growth coupled with expanding applications resulting from cost and sustainability benefits of aseptic packaging, especially the ability for dairy and other perishable beverages to be moved via unrefrigerated trucks and stored at ambient temperatures. Gains in the food market will be driven by expanding applications with liquid, low-particulate and pumpable foods, often through the replacement of metal cans and glass jars.
While the United States accounted for only 15% of the world aseptic packaging market in 2010, the country represented one-third of the aseptic pharmaceutical packaging market. Overall, the fastest growth in the aseptic packaging market will be seen in Asia, with India and China expected to experience the most rapid increases in the world.
Between 2010 and 2015, China alone will account for 28% of global market value gains. Central and South America will also experience above-average advances. Brazil, in particular, will continue to see double-digit annual growth through the forecast period and beyond, boosted by advances in the large beverage market and expanding food and pharmaceutical applications.