Asia Pacific (APAC) Aseptic Packaging Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material Type (Glass, Metal, Paperboard, Plastic) By Product Type (Ampoules, Bags, Bottles, Boxes, Cans, Cartons, Pouches, Syringes, Vials, Others), By Application (Food And Beverage, Personal Care, Pharmaceuticals, Others), And By Country - Forecasts From 2022 To 2027

The Asia Pacific aseptic packaging market is estimated to grow from US$27.683 billion in 2020 to US$54.459 billion by 2027, at a CAGR of 10.15% over the forecast period. The aseptic packaging market is undergoing steady growth due to the high demand for food and beverage innovation and consumption, which is being witnessed by economies such as Japan, China, India, Australia, and South Korea. These countries are also witnessing rapid industrialization and are becoming the base of operations for many startups and established companies. This has further facilitated the sustenance of the food and beverage sector to meet the growing demand for exotic food and accommodate a variety of pallets and tastes.

This is also due to the fact that most people in these nations now possess a high disposable income that is aiding them to diversify their dietary patterns, which in recent times are being increasingly inclined to sample newer kinds of food and beverage production. Further, with the middle-income group gradually increasing, there is a steady increase in the aseptic packaging market. Growing urbanization and gentrification of neighbourhoods are a few of the other factors that are contributing to the rise in demand for packaged food and beverages. This gradual dissociation, from local produce and the inclination towards convenience food, due to hectic life, is resulting in increased consumption of packaged food consumption. Additionally, a large lactose intolerant population has necessitated the launch of a variety of plant-based dairy alternatives that are driving the growth of aseptic packaging. Thus, the expansion of the aseptic packaging market in the region is being driven by a growing demand for packaged food and beverage.

The prolonged use of single-use plastic for packaging products has resulted in adverse environmental impacts. This has worsened the ecological balance of various nations of the APAC region. This has led to proactive efforts from the governments of APAC countries, leading to the legislation of policies that incentivize end-users to adopt eco-friendly means of packaging. To this end, the major players in packaging are heavily investing in eco-friendly packaging and upgrading the brand portfolio of aseptic packaging products. Concomitantly, the rise in consumer awareness about health hazards caused by the usage of plastic is also orienting the producers and suppliers of aseptic packaging to look towards more eco-friendly solutions. Therefore, health consciousness, along with environmentally-conscious efforts, is projected to significantly provide an opportunity for the aseptic market, which is expected to not only help sustain the market but also help in driving it further.

Further, the healthcare industry is another area where aseptic packaging also finds its application especially when it comes to disposable instruments. The demand for ampoules, syringes, and vials is set to increase over the forecast period, so the aseptic packaging market is expected to be driven by the healthcare sector as well. This basically aids in sustaining the important properties of the various pharmaceutical products. The aseptic packaging materials used in these sectors guarantee resistance to high temperatures and physical and chemical deterioration. The temperatures that packaging of this sort can withstand is above hundred degrees Celsius.  Thus, with the increasing concentration of pharmaceutical products in the APAC region, the aseptic packaging industry is set to witness meteoric growth.

Additionally, countries in this region are one of the leading markets for personal care products, with leading personal care brands catering to various needs of consumers. Moreover, the penetration of online channels in countries like China and neighbouring countries is driving the purchase of personal care products. To this end, the aseptic packaging market is projected to witness significant growth during the forecast period. Although there are brands that do not adhere to the packaging standards of the big names, the aseptic packaging market is going to still witness good growth and will not be subjected to the encroachment of such an unorganized market of spurious containers. Therefore, with premium home-grown brands along with exotic brands entering the APAC market, the personal product category is poised to drive the aseptic packaging market.

Key Developments

• March 2021: Nongfu Spring expanded its product line with the addition of a new item. This product processes both high and low acids in PET and was a very adaptable and secure solution. The Chinese beverage company used this line to help them release new Ready-to-Drink (RTD) beverages that were aseptically packaged in PET bottles.
• February 2021: India-based plant of Varun Beverages Ltd, a member of the RJ Corp group and a global franchisee of PepsiCo Inc., was installed. The objective of this initiative was to increase PET bottling capacity and give private label producers more production flexibility. RJ Corp introduced liquid dairy products (LDP) in PET for commercial use in India by utilizing revolutionary aseptic dry preform sterilization technology.

Impact of COVID-19 on the Asia Pacific (APAC) Aseptic Packaging Market

The aseptic packaging market was constrained by fluctuating pricing for the raw materials utilized by packaging businesses, including polymer, board, paper, glass, aluminum, and steel. Additionally, the COVID-19 outbreak had a significant impact on the manufacturing, oil & gas, and construction industries. Additionally, construction activity was drastically reduced or stopped. Global supply chains for manufacturing, transportation, and related operations were constrained, which temporarily restrained the expansion of the aseptic packaging industry. At the end of 2020, the market did, however, became more stable. Additionally, all industries were gradually returning to their regular manufacturing and service operations. On the other hand, chances for growth in new markets of developing countries and a slow but steady increase in e-commerce sales internationally were anticipated to be important potential for growth of the aseptic packaging market during the forecast period.

Asia Pacific (APAC) Aseptic Packaging Market Scope:

Market Segmentation:

• By Material-Type
  • Glass
  • Metal
  • Paperboard
  • Plastic
• By Product-Type
  • Ampoules
  • Bags
  • Bottles
  • Boxes
  • Cans
  • Cartons
  • Pouches
  • Syringes
  • Vials
  • Others
• By Application
  • Food and Beverage
  • Personal Care
  • Pharmaceuticals
  • Others
• By Country
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Thailand
  • Taiwan
  • Indonesia
  • Others