A recent study by Triton Market Research titled ‘Global Aseptic Packaging Market’ includes the Global Analysis and Forecasts by Type (Carton; Bags and Pouches; Bottles and Cans; Vials, Prefilled Syringes, and Ampoules; Other Types), Industry Vertical (Beverage; Healthcare; Food; Other Industry Verticals), Material (Glass; Metals; Plastics; Paper & Paperboard; Other Materials), and by Geography (North America, Latin America, Asia-Pacific, Europe, Middle East and Africa).
Aseptic packaging refers to the sterilization of packages, along with the inside contents, in a different environment. Aseptic packaging is widely adopted in multiple end-user industries, including food & beverage.
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Triton’s research report has established that the global aseptic packaging market is predicted to advance at a CAGR of 9.24% over the years 2021-2028. The market is envisioned to attain revenue worth $73.81 billion by 2028.
Factors such as rising demand for products with extended shelf life and growing demand for processed food are supporting the expansion of the aseptic packaging market across the world. There has been a gradual growth in the demand for products with extended shelf life in recent years. This has encouraged manufacturers to opt for alternate packaging solutions. The aseptic packaging helps in protecting products from potential deteriorating agents, including microbes and moisture.
However, difficulties faced during the manufacturing process and fluctuating cost of raw materials are restraining factors hampering the evolution of the aseptic packaging market during the examined years.
The market for aseptic packaging is broadly divided into type, industry vertical, and material. Based on type, the market is segmented into carton; bags and pouches; bottles and cans; vials, prefilled syringes, and ampoules; and other types. The industrial vertical is sectioned into beverage; healthcare; food; and other industry verticals. Lastly, the material section is subdivided into glass; metals; plastics; paper & paperboard; and other materials.
The Asia-Pacific is dominating the aseptic packaging market and is expected to continue its hold over the examined market until 2028. The aseptic packaging process has gained substantial traction in the region’s nations, such as India, China, and South Korea. For instance, the demand for the premium aseptic carton segment is growing at a rapid pace in China. On the other hand, the urbanization activities have enhanced the demand for ready-to-eat meals among Japanese consumers, influencing the demand for aseptic packaging. Thus, such factors are positively impacting the growth of the aseptic packaging market.
Sealed Air Corporation, Uflex Limited, Mondi Plc, Stora Enso Oyj, DS Smith Plc, Smurfit Kappa Group Plc, Tetra Laval International SA, Amcor Plc, Sonoco Products Company, Bemis Company Inc, Schott AG, SIG Combibloc Group AG, Reynold Group Holdings Plc, and Elopak AS are major enterprises thriving in the aseptic packaging market.
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Question & Answer: Aseptic Packaging Market
Question 1: What major factors are supporting the expansion of the aseptic packaging market?
Answer: Factors such as rising demand for products with extended shelf life and growing demand for processed food are supporting the expansion of the aseptic packaging market across the world. There has been a gradual growth in the demand for products with extended shelf life in recent years. This has encouraged manufacturers to opt for alternate packaging solutions. The aseptic packaging helps in protecting products from potential deteriorating agents, including microbes and moisture.
Question 2: What restraining factors are hampering the evolution of the aseptic packaging market?
Answer: Difficulties faced during the manufacturing process and fluctuating cost of raw materials are restraining factors hampering the evolution of the aseptic packaging market during the examined years.
Question 3: Which region is dominating the aseptic packaging market?
Answer: The Asia-Pacific is dominating the aseptic packaging market and is expected to continue its hold over the examined market until 2028. The aseptic packaging process has gained substantial traction in the region’s nations, such as India, China, and South Korea. For instance, the demand for the premium aseptic carton segment is growing at a rapid pace in China. On the other hand, the urbanization activities have enhanced the demand for ready-to-eat meals among Japanese consumers, influencing the demand for aseptic packaging. Thus, such factors are positively impacting the growth of the aseptic packaging market.
Question 4: Which are the major enterprises thriving in the aseptic packaging market?
Answer: Sealed Air Corporation, Uflex Limited, Mondi Plc, Stora Enso Oyj, DS Smith Plc, Smurfit Kappa Group Plc, Tetra Laval International SA, Amcor Plc, Sonoco Products Company, Bemis Company Inc, Schott AG, SIG Combibloc Group AG, Reynold Group Holdings Plc, and Elopak AS are major enterprises thriving in the aseptic packaging market.
Related Report:
The global flexible packaging market is deemed to witness growth at a CAGR of 4.22% and 3.68% based on value and volume, respectively, through the period of 2019-2027. The market is anticipated to gather $300.60 billion in revenue by 2027.
Plastic materials are known to be quite flexible as they are formed of several synthetic or semi-synthetic organic substances. Moreover, the flexible nature of plastics has resulted in their extensive use for flexible packaging.
The growing demand for flexible packaging from end-users, downsizing of packages, and increased shelf life of products have supplemented the flexible packaging market’s progression worldwide. Additionally, the improvements in manufacturing activities are another factor that has opened new avenues for the studied market.
However, strict environmental regulations and issues pertaining to recyclability are restricting the overall development of the flexible packaging market.
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