Market revenue in 2023 | USD 1,049.9 million |
Market revenue in 2030 | USD 1,840.6 million |
Growth rate | 8.4% (CAGR from 2023 to 2030) |
Largest segment | Paper & paperboard |
Fastest growing segment | Paper & Paperboard |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Paper & Paperboard, Plastics |
Paper & paperboard was the largest segment with a revenue share of 50.33% in 2023. Horizon Databook has segmented the UK aseptic packaging market based on paper & paperboard, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing aging population in UK is expected to be the key driver for pharmaceutical industry growth. Growing consumer demand for advanced medical treatments to treat various chronic diseases including cardiovascular, diabetes is expected to raise demand for drugs and medical devices such as syringes, vials and ampoules.
Aseptic packaging eliminates the risk of cross contamination and need of refrigeration of pharmaceutical items with short product life. Growth of self-medication in the region is expected to have a positive impact on the aseptic packaging industry growth in pharmaceutical applications.
Growing concerns towards the use of environment-friendly and recyclable packaging products are expected to drive demand for aseptic packaging over the forecast period. The region has numerous food and beverage manufacturers, which are continuously investing on the technologies, which will offer high product safety, and hygiene, which is expected to have a positive impact on the industry growth over the forecast period.
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