Aseptic Packaging Market Worth $74,475.5 Million by 2026 | by Type, Material

Aseptic packaging is a special manufacturing method in which pharmaceutical, food, or other contents and substances are sterilized discretely from the packaging. The contents and substances are then injected into the vessel in a sterile and germ-free atmosphere. This process utilizes very high temperatures to preserve the freshness of the contents while safeguarding its adulteration with microorganisms.

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According to a new report published by Allied Market Research, titled, "Aseptic Packaging Market by Type, Material, and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global aseptic packaging market size was valued at $35.7 billion in 2018, and is projected to reach $74.5 billion by 2026, growing at a CAGR of 9.5% from 2019 to 2026.

The market development for aseptic packaging is principally led by the developing economies of India, China, Africa, and other southeast Asian countries. The growth in these countries is driven by a rise in consumer demand and new consumers, while development in mature consumer markets is propelled by lifestyle and demographic changes. Furthermore, rise in disposable income and growth in urbanization generate a new customer base for manufacturers.

There is a huge correlation among the consumption of packaging products and an average income per person that makes developing markets lag behind the developed markets, in terms of aseptic packaging consumption. Another key trend that drives the aseptic packaging market growth is rise in online retail sales. The augmented online retail sales make a high scope for paperboard packaging.

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Key Segments

By Type

Carton
Bags & Pouches
Bottles & Cans
Vials, Prefilled Syringes, and Ampoules

By Material

Paper & Paperboard
Plastics
Metal
Glass

By End-Use Industry

Beverage
Healthcare
Food

By Region

North America
Europe
Asia-Pacific
LAMEA

Key Players

Amcor plc
DS Smith Plc
Mondi plc
Reynolds Group Holdings Limited
SIG Combibloc Group AG
Sonoco Products Company
Smurfit Kappa Group plc
Stora Enso Oyj
Tetra Laval International S.A.
UFlex Limited

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

This release was published on openPR.