Market Overview:
Aseptic processing is a food preservation method in which products are thermally preserved and packaged in a way to maintain sterility and prevent contamination from microorganisms like fungi, yeasts and bacteria. The food products are subjected to high heat briefly to kill any microbes and then packaged in aseptic conditions. This process helps extend shelf life of products without any preservatives. Dairy products, beverages, fruit juices, sauces, condiments are commonly aseptically processed. Aseptic processing equipment such as fillers, spray dryers, processors ensure safety and long shelf life of packaged foods.
Market key trends:
Growing urbanization and rising disposable incomes in developing nations are driving the demand for packaged and ready-to-consume beverages and food products. The trend of on-the-go consumption further fuels the growth of aseptic processing market. Major players are investing in technologies like internet of things (IoT) and advanced robotics to automate aseptic packaging lines for better productivity. Adoption of advanced UV sterilization systems along with metal detection ensures high sterility during packaging. Governments of various countries are focusing on building smart cities with advanced infrastructure which is projected to boost the growth of the Global Aseptic Processing Market during the forecast period.
The global Aseptic Processing Market Share is estimated to be valued at US$ 92.82 Bn in 2023 and is expected to exhibit a CAGR of 9.2 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Porter’s Analysis
Threat of new entrants: The high capital investment required for R&D and the stringent regulations make barriers to entry high. This reduces the threat of new players.
Bargaining power of buyers: The presence of many players and availability of substitutes gives buyers more bargaining power to negotiate on price and quality.
Bargaining power of suppliers: The suppliers of raw materials have consolidated over time increasing their bargaining power. However, the presence of many alternative suppliers balances this power.
Threat of new substitutes: Innovation has led to new alternatives like ultra high temperature processing and high pressure processing posing threats.
Competitive rivalry: Intense competition exists among leading players to gain market share through product differentiation, new product launches and acquisitions.
Key Takeaways
The global aseptic processing market is expected to witness high growth, exhibiting CAGR of 9.2% over the forecast period, due to increasing demand for long shelf-life products. The market size for 2023 is projected to reach US$ 92.82 Bn.
Regionally, Asia Pacific is anticipated to dominate the market and register the fastest growth rate during the analysis period. This can be attributed to growing health awareness and the rising middle-class population in emerging economies like India and China boosting the demand.
Key players operating in the aseptic processing market include Amcor Limited, Becton, Dickinson And Company, Robert Bosch Gmbh, Aran Group, Dizaynpak Baski Ve Ambalaj Teknolojileri A.Åž., Ipi S.R.L., Sealed Air Corporation, And Schott AG. These players are focused on new product launches, collaborations and facility expansions to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
