Aseptic Packaging Market Size and Growth Rate:
The Demand in the Aseptic Packaging Market will extend to an impressive CAGR of 10% during the period from 2017 to 2024. In terms of revenue, the global marketplace packaging is expected to reach a value of USD 80.49 billion by 2024, from the current market value of USD 41.31 billion in 2017.
Aseptic Packaging Market – Drivers and Restraints:
Packaging plays an important role in the food manufacturing process. Makes food more convenient and provides greater safety against microorganisms, chemical and biological changes, and a longer shelf life. In addition, the growing demand for foods with a long shelf life and several innovative methods are being used for packaging in the food processing sector, thus stimulating the growth of the aseptic packaging market. The aseptic packaging is used for the packaging of various products such as milk, wine, fruit juice, mineral water, beverages, tea, nutritional drinks, dairy products, sauces and products.
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Aseptic Packaging Market – Detailed Segmentation and Share Analysis:
The aseptic packaging market is segmented based on bags and sacks, cardboard boxes, bottles and cans, etc. The carton segment represents the highest revenue share in 2017. It is expected that the growing demand for cardboard from the dairy industry will boost the growth segment during the forecast period. The cartons offer advantages such as the easy stacking of products. It is available in different shapes and sizes and also has a longer life. It also offers excellent barrier properties for the product.
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Based on the materials, the market has been segmented as cardboard and paper, metal, glass, plastic and wood. The plastics sector contributed to a significant part of the revenues in 2017. The growth is attributed to its low cost, easy availability and versatility.
Depending on the applications, the aseptic packaging market is segmented as beverages and food. The beverage sector is expected to grow faster due to increased demand for dairy products and dairy packaging, as it protects the product and provides a longer shelf life.
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Geographical Presence of the Aseptic Packaging Market:
The Asia Pacific accounted for the highest market share in 2017. The growth is attributed due to growing population and large customer base for FMCG products and consumer durables. North America aseptic packaging market held a substantial revenue share in 2017, due to the presence of major industry players.
Major Key Companies are mentioned in this Aseptic Packaging Market Report:
SIG SAUER, Tetra Pak, Elopak, Coesia IPI, Pulisheng, Pulisheng, Likang, Skylong, Bihai, Jielong Yongfa and more others key players are covered in this market report.
Aseptic Packaging Market – Regional Analysis:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Rest of the world.
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