Aseptic Packaging Market Scope, Product Estimates & Strategy Framework, Forecasts, 2019-2026
As per the report published by Allied Market Research, the global aseptic packaging market accounted for $35.71 billion and is expected to reach $74.47 billion by 2026, growing at a CAGR of 9.5% during the forecast period.
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On the basis of material, the market is bifurcated into glass, metal, plastic, and paper & paperboard. The paper & paperboard segment. The paper & paperboard segment is projected to manifest the fastest CAGR of 9.8% during the forecast period. Moreover, the segment dominated the market in 2018, accounting for more than half of the market.
The Asia-Pacific region dominated the global aseptic packaging market, in terms of revenue throughout the study period, accounting for around 39.6% share of the global market. In terms of material, the paper & paperboard segment accounted for the highest share in the total global aseptic packaging market in 2018 and is anticipated to witness substantial development during the forecast period.
Many major players in the global aseptic packaging industry are designing their products considering the convenience factors to increase their sales. For instance, Tetra Pak a subsidiary of Tetra Laval, based in Sweden, which has designed its Tetra Gemina aseptic cartons in three different shapes, which are square, crystal, and leaf. Each shape allows 360 degrees of graphic design space and is attached with a pouring cap, named, HeliCap 27 or StreamCap 1000, which is resealable and is fixed at an angle such that it provides an optimal flow of beverage.
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Key Findings of the Study:
o Based on packaging material, the paper & paperboard segment dominated the global aseptic packaging market, in terms of revenue in 2018, and is projected to grow at a CAGR 9.8% during the forecast period.
o By type, the cartons segment is projected to grow at a CAGR of 9.1% during the forecast period.
o Based on the end-use industry, the food segment is projected to grow at a CAGR of 10.5% during the forecast period of 2019 to 2026.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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