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DUBLIN, Sept. 9, 2022 /PRNewswire/ — The “Aseptic Processing Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global aseptic processing market is expected to grow from $68.62 billion in 2021 to $72.40 billion in 2022 at a compound annual growth rate (CAGR) of 5.52%. The aseptic processing market is expected to grow to $87.38 billion in 2026 at a compound annual growth rate (CAGR) of 4.81%.
Asia-Pacific was the largest region in the aseptic processing market in 2021, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the aseptic processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Growing demand for pharmaceutical supplies is expected to propel the growth of the aseptic processing market. Aseptic packaging and processing equipment are vital components in the pharmaceutical industry, as they clean and sterilize products, containers, closures, and machine components prior to manufacturing, to maintain bacteria-free packaging and production process.
The rapid growth in demand for pharmaceutical supplies due to a rise in awareness about various diseases, and an increase in self-medication practices, contributed to growth in pharmaceutical production activities and equally contributed to utilizing aseptic processing in production and packaging activities.
According to the study published by the European Federation of Pharmaceutical Industries and Associations (EFPI), the production of pharmaceutical products across Europe increased from EUR 259.8 billion ($306.8…
Full story available on Benzinga.com
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