Global Demand for Aseptic Packaging to Approach US$36 Billion in 2015
Year:2012 ISSUE:6
COLUMN:FINE & SPECIALTY
Click:202 DateTime:Feb.26,2013
Global Demand for Aseptic Packaging to Approach US$36 Billion in 2015
China Will Account for 28% of Global Market Value Gains
World demand for aseptic packaging is projected to grow 9.1% per year to US$35.8 billion in 2015, according to a report by Freedonia Group, Inc. Advances will be driven by the increasing number of applications and the cost and convenience benefits associated with aseptic packaging. 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.
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. Demand for aseptic packaging in pharmaceutical applications will be fueled by preferences for unit-dose and other convenient drug delivery formats combined with the increasing availability and consumption of biotechnology-based drugs, which require the use of aseptic packaging to prevent contamination and assure product sterility.
While the US accounted for only 15% of the world aseptic packaging market in 2010, the country represented one-third of the aseptic pharmaceutical packaging market. Gains in the US will reflect the broadening aseptic filling requirements with liquid pharmaceuticals. 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.
World Aseptic Packaging Demand (million US$, %)
Item 2005 2010 2015 2005-2010 Annual growth 2010-2015 Annual growth
Aseptic Packaging Demand 14390 23200 35800 10.0 9.1
North America 2800 4570 6800 10.3 8.3
Western Europe 4180 5640 7430 6.2 5.7
Asia/Pacific 4230 7880 13420 13.2 11.2
Central & South America 1190 2000 3390 10.9 11.1
Eastern Europe 1060 1640 2510 9.1 8.9
Africa/Mideast 930 1470 2250 9.6 8.9