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Aseptic Paper Packaging for Flat Top Carton Market is anticipated to grow at a CAGR of 5.5% | Know the top 4 growth factors
Aseptic paper packaging for flat top carton is a paper packaging type used for manufacturing flat top carton which are also known as UHT Carton or Liquid Brick Carton or Shelf Stable Carton.
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Top Four Factors which are Driving Industry Growth
1. Eco-friendly nature and recyclability of packaging cartons driving growth of the aseptic paper packaging for flat top carton market
Liquid food products are usually packaged using plastics, which emit high CO2, creating a need for paper-based packaging like aseptic paper packaging for flat top carton. Reduction of carbon emissions is a global effort and several governments have implemented stringent regulations to reduce carbon emissions. The raw material that is used in aseptic paper packaging for flat top carton is bio-degradable and can be recycled.
• Elopak Inc. is focusing on 100% renewability and is replacing all its fossil-based raw materials with bio-degradable resources like aseptic paper packaging for flat top carton.
• In April 2016, Tetra Pak Inc. announced the launch of a new version of Tetra Top packages made of 80% renewable materials such as aseptic paper packaging for flat top carton.
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2. The rise in demand for extended shelf-life of products creating growth opportunities for aseptic paper packaging for flat top carton
Longer shelf-life of aseptic paper packaging for flat top carton drives the process of distributing and supplying products efficiently. The high barrier feature of aseptic packaging carton helps increase shelf-life of liquid products, minimize waste, and effectively helps in the growth of the aseptic paper packaging for flat top carton market.
3. Growing awareness of preservative-free food and beverages helps in the development of aseptic paper packaging for flat top carton market
The removal of preservatives from packaging acts as a strong opportunity for the aseptic paper packaging for flat top carton market. As aseptic paper packaging for flat top carton retains the composition of beverages without adding any preservatives, the packaging technology is projected to help the beverage industry eliminate the usage of preservatives in the packaging of different products. The aseptic paper packaging for flat top carton market is projected to expand on the backdrop of the rise in per capita expenditure on prepared food and the increase in the working population.
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4. Rising adoption of aseptic paper packaging for flat top carton to enhance the shelf life of the product without the use of preservatives
The aseptic process includes sterilizing of the package, sealing the carton under sterile conditions, and enhancing the shelf-life of the product without adding any preservatives. Therefore, the liquid packaging carton market has witnessed a shift toward aseptic liquid packaging cartons from conventional cartons in order to bring substantial efficiency benefits for the growth of the aseptic paper packaging for flat top carton market.
Regional Analysis
By region, the Asia Pacific is expected to be the most attractive market for the global aseptic paper packaging for flat top carton market in 2019 and is anticipated to witness a market share of 47.7% of the aseptic paper packaging for flat top carton market, by the end of 2027. Furthermore, North America and Europe aseptic paper packaging for flat top carton markets are expected to be the least attractive market while South America and Middle East & Africa aseptic paper packaging for flat top carton markets are expected to have a moderate attractiveness.
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Key Developments in the Global Aseptic Paper Packaging for Flat Top Carton Market
• Manufacturers are focusing on product launches to expand their product folio
• In April 2016, Nippon Paper Industries Co., Ltd. collaborated with Tokuchu Tokai Paper Co. Ltd., to integrate their sales functions and optimize their production capacities in aseptic paper packaging for flat top carton.
Competitive Landscape
The key players profiled in the report on the global aseptic paper packaging for flat top carton market include – Refresco Gerber N.V., Nampak Ltd., Tetra Pak International S.A., Nippon Paper Industries Co., Ltd., Amcor Limited, Mondi Ltd., Elopak SA, Polyoak Packaging Group Ltd., IPI s.r.l., Weyerhaeuser Company, Uflex Ltd., Evergreen Packaging Inc., Ducart Group, Clearwater Paper Corporation, Lami Packaging Co. Ltd., TidePak Aseptic Packaging Material Co. Ltd., SIG Combibloc Obeikan (Pty) Ltd., Greatview Aseptic Packaging Co., Ltd., etc.
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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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