Market revenue in 2023 | USD 5,607.5 million |
Market revenue in 2030 | USD 9,483.8 million |
Growth rate | 7.8% (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 46.97% in 2023. Horizon Databook has segmented the U.S. aseptic packaging market based on paper & paperboard, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. aseptic packaging market is expected to witness significant growth on account of the growing food & beverage and pharmaceutical industry in the region. Introduction and growth of generics industry in the region is expected to have a positive impact on the industry growth over the forecast period.
The food and beverage manufacturers primarily drive the aseptic packaging demand in the region. The robust manufacturing base of food & beverage manufacturers such as Tyson Foods, JBF, National Beef and PepsiCo in the U.S. is anticipated to propel demand for aseptic packaging over the forecast period.
In the U.S., the demand for aseptic vials & ampoules, and prefilled syringes is anticipated to grow on account of ongoing commercialization of biotechnology-based products. Prefilled syringes are anticipated to grow at a higher rate than rest of the products in the region owing to safety and convenience offered by the product coupled with increasing occurrence of chronic diseases in the region.
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