The global Aseptic Packaging Equipment market is anticipated to accumulate a market value of US$ 9.82 billion in 2023 and is expected to garner a valuation of US$ 21 billion by exhibiting a CAGR of 7.9 % in the forecast period 2023 to 2033. The market for Aseptic Packaging Equipment market reflected growth with 5.1 % CAGR in the historical period 2018 to 2022.
The demand for several types of drugs and medicines is increasing at a rapid rate around the world. Therefore, to meet the increasing demands of pharmaceuticals, manufacturers are increasingly tilting toward contract development.
With expanding manufacturing operations of pharmaceuticals, the demand and sales for aseptic pharma packaging equipment is also rising. The contract development service providers provide the best expertise, ensuring the presence of skilled workers to perform aseptic pharma processing techniques. As a result of this, the aseptic pharma packaging equipment market is expected to reflect significant growth in the forecast period.
Apart from this, implementation of stringent laws and regulations for monitoring food and beverage processing, particularly in specialized food, that encourages the usage of aseptic packaging is likely to drive the growth of aseptic packaging machines market during the forecast period.
The market for aseptic packaging machines is expanding in response to rising urbanization and consumer demand for shelf-stable and ready-to-eat products. Moreover, as consumer propensity toward natural food and beverage products grows, so does the demand for aseptic packaging machinery.
Similarly, the continuously rising demand for beverages is fuelling the demand for aseptic packaging machines in the beverage industry.
Food producers have been searching for sustainable and environmentally friendly packaging solutions for their products, as preserving product quality and long shelf life has become essential.
Therefore, they are adopting aseptic packaging through various strategic initiatives, such as partnerships, to guarantee their products are safe and have a longer shelf life.
Owing to the pandemic, the investment in research and development in biopharmaceutical companies has been skyrocketing. Researchers, scientists, and skilled personnel around the world are involved in the development of vaccines and drugs for the treatment of SARS-CoV virus infection and this scenario is anticipated to directly benefit the aseptic pharma packaging equipment market’s growth.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 9.82 billion |
| Projected Market Value in 2033 | US$ 21 billion |
| Growth Rate (2023 to 2033) | 7.9 % CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing Aseptic Packaging Equipment solutions are expected to create lucrative opportunities for market growth during the forecast period.
Aseptic packaging was able to satisfy all these criteria, thus increasing the shelf-life of selected items without refrigeration by an average time span of six to twelve months. Aseptic packaging equipment is a tool that is used sterilely to fill different items such as tonics, pastes, talcum powder, capsules, granules and others. Reducing human effort and manual errors are the prime advantages of filling equipment.
Growth in Generic & Biopharmaceutical market to boost the Aseptic packaging equipment market
In the coming years, the global pharmaceutical market is expected to witness a healthy growth due to rising healthcare expenditure, due to the introduction of new drugs and the increasing prevalence of chronic disease. In recent years, a substantial number of blockbuster drugs have lost their patents, with more to follow in the coming years. It would encourage cheaper generic equivalents to reach the market and are likely to increase the number of drugs sold.
This growth in production volume is expected to drive the generic drug production by aseptic packaging equipment market, especially in countries with low-cost manufacturing facilities across Latin America and Asia Pacific. Increasing demand for prescription drugs is expected to increase the need for efficient aseptic packaging systems which will in turn push the automated aseptic packaging equipment market to ensure high-speed packaging production.
Refurbished equipment’s to constrain the market growth of aseptic packaging equipment
Refurbished equipment is a viable option for manufacturers to new tools in cases where time (taken to produce and set up new machinery) and expense (new tools being comparatively high-priced) are concerned.
This is especially evident in low-cost production sites in the APAC region, where regulatory guidelines are comparatively mild. The procurement of refurbished equipment will save about 40–45 percent of the costs incurred in the purchasing of new machinery, thus reducing the capital investment needed for the creation of a new production line.
The global aseptic packaging equipment manufacturing market currently experiences a strong influx of refurbished packaging machinery.
Many smaller players have these machineries for packaging. Refurbished equipment suppliers also provide a wide variety of pre and after sales facilities for refurbished aseptic packaging equipment they are selling, such as presentation of equipment and service-life track records, installation, on-site system testing, and delivery of copies of operating manuals originally supplied with the equipment.
Other resources include preventive maintenance, overall efficacy of equipment (OEE) systems, training for technicians, troubleshooting, and line start-ups. Aseptic packaging equipment’s suppliers of used or refurbished equipment must provide professional advice to purchasers to ensure the aseptic packaging equipment is a good match for their continued manufacturing and packaging requirement.
Principal Consultant
Asia Pacific accounts for more than expected market growth for aseptic packaging equipment and is expected to be the large contributor to this sector. Rising demand for packaged food and beverage products is expected to have a positive effect on aseptic packaging equipment industry growth due to growing customer lifestyle and increasing purchasing power among Asian consumers.
Manufacturers from the developed economies are likely to move their manufacturing facilities in the region to tap the growing demand from end users which would have positive impact on market growth of aseptic packaging equipment market.
India is expected to be a key market player with prime demand in the food and beverage sector over the projected timeframe. As, demand for natural products in the area with no additives like liquor, juices, and flavoured milk is expected to have a positive effect on the growth of the aseptic packaging equipment industry over the forecast period.
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Globally, the Aseptic Packaging Equipment Market is divided on the basis of material, application, & End-Use Industry
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Aseptic Packaging Equipment Market
