The "Aseptic Packaging Market" is expected to witness a high growth due to factors such as an increase in urban population, growth in demand from the food and beverage sectors, and preference for convenient packaging. The aseptic packaging market size will grow from USD 39.62 Billion in 2017 to USD 66.45 Billion by 2022, at an estimated CAGR of 10.89%.
On the basis of material, the paper & paperboard segment is projected to be the fastest-growing market during the forecast period. On the basis of type, the cartons segment accounted for the largest share in 2016, while the beverage segment dominated the applications of aseptic packaging in 2016.
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On the basis of application, the beverage sector is projected to grow at a higher rate due to the rising demand for milk and dairy products packaging as it offers product protection and extends the shelf life of the product. Aseptic packaging for food & beverage products reduces the usage of preservatives.
In terms of value, the cartons segment accounted for the largest market share in 2016 and is projected to grow at the second-highest CAGR during the forecast period. This growth can be attributed to the increasing demand from the milk & dairy packaging industry. Cartons offer many features such as easy stacking of products, a variety of shapes and sizes, and strong shelf presence.
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Target Audience:
• Manufacturers of aseptic packaging
• Importers and exporters of aseptic packaging
• Traders, distributors, and suppliers of aseptic packaging
• End users
Growth Drivers:
• Increase in Urban Population
• Shift in Consumer Preference Against the Use of Food Preservatives
• Growth of the Dairy Beverage Market
• Growth in Demand for Convenience and Quality Food Products
• Growth of the Parent Industry
Opportunities:
• Emergence of New Product Developments
• Electronic Logistics Processing
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The global aseptic packaging market is dominated by players such as Robert Bosch GmbH (Germany), E.I. du Pont de Nemours and Company (U.S.), Tetra Laval International S.A. (Switzerland), Reynolds Group Holdings Limited (New Zealand), Amcor Limited (Australia), Becton, Dickinson and Company (U.S.), Bemis Company, Inc. (U.S.), Greatview Aseptic Packaging Co., Ltd. (China), IMA S.P.A (Italy), and Schott AG (Germany).
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