The global aseptic packaging market size is expected to reach USD 82.91 Billion in 2028 and register a revenue CAGR of 7.0% over the forecast period, according to the latest report by Reports and Data. Rising demand for food and beverage products with extended shelf life is expected to drive market revenue growth to a significant extent during the forecast period. Aseptic packaging solution enables food and beverage companies to extend shelf of products without refrigeration for an estimated 6 to 12 months. This packaging solution helps in reducing the growing amount of food waste at retailer and consumer levels. Manufacturers gain the advantage of extended time to ship and sell products before expiry or loss of texture, flavor, or health benefits.
Rapid
growth of the food & beverage sector is projected to boost revenue growth
of the market during the forecast period. Rise in income levels of consumers in
developing countries is fueling demand for packaged food products. Rising
health-consciousness among consumers is causing a shift in preference towards
more hygienic & safe packaging solutions. Trend towards clean labels as
consumers are increasingly scrutinizing the ingredient list for products is
another factor driving market growth. Rising demand for beverages and food
products without added chemicals or preservatives is boosting demand for
aseptic packaging.
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Aseptic Packaging Market: Market
Participants
·
Amcor
·
E.I. du Pont
de Nemours and Company
·
Tetra Laval
International
·
Bemis
·
Reynolds
Group Holdings Limited
·
Sealed Air
Corporation
·
Robert Bosch
·
and Greatview
Aseptic Packaging.
Some Key Highlights in the
Report:
- Paper
and paperboard segment is expected to register robust revenue CAGR over
the forecast period owing to increasing growing use of recyclable paper
cartons in aseptic packaging due to rising focus on environmental
sustainability.
- Increasing
use of cartons in packaging of milk and other dairy products owing to its
numerous benefits such as convenience of use, availability of various
shapes and sizes, longer shelf life, and excellent barrier properties are
some key factors boosting revenue growth of the cartons segment.
- Food
& beverage segment is expected to account for a significantly large
revenue share over the forecast period owing to growing demand for
convenience and on-the-go foods and increasing use of aseptic packaging
for beverage packaging to maintain taste, quality, and nutritional content
of the product.
- Asia
Pacific is expected to register robust revenue CAGR over the forecast
period owing to rapidly growing food and beverage industry, rising
preference for convenient and eco-friendly packaging, and increasing presence
of key manufacturers in APAC countries such as India, China, and South
Korea.
Key Points of
the
Competitive Outlook:
·
The
latest Aseptic Packaging industry analysis report highlights the top companies
operating in the industry and carefully assesses their current market standing,
revenue growth trajectory, and product portfolios.
·
The
report highlights the company profiles of these industry players and discusses
their pricing models, consumer demands, and gross profit margins.
·
Furthermore,
the report offers vital information on the product portfolios, new product
additions, strategic developments, and annual revenues of these companies.
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