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Aseptic Packaging Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Aseptic Packaging Market
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According to The Business Research Company's, The aseptic packaging market size has grown rapidly in recent years. It will grow from $71.88 billion in 2023 to $80.13 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to consumer demand for convenience, extended shelf life, reduced need for preservatives, globalization of food supply chains, increased focus on food safety, market expansion in developing regions.
The aseptic packaging market size is expected to see rapid growth in the next few years. It will grow to $129.17 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to e-commerce growth, rising urbanization, stringent regulations, focus on sustainable packaging, increasing demand for dairy alternatives, changing consumer lifestyles. Major trends in the forecast period include technological advancements, single-serve packaging, smart packaging integration, collaborations and partnerships, investments in R&D.
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Market Drivers and Trends:
The increase in demand for convenience food products with a longer shelf life and safe hygiene packaging is expected to drive the growth of the aseptic packaging market in the forecast period. For instance, the global processed snacks market is expected to increase from $96.9 billion in 2020 to $142.0 billion by 2025. Therefore, the growing demand for convenience and processed food drives the growth of the aseptic packaging market
Companies in the aseptic packaging market are focusing on the development of single-use passive for ensuring maximum safety and reducing wastage. Single-use passive refers to transferring the contained and sterile contents between manufacturing process steps and facilities. It also creates an agile manufacturing environment and lowers the toxicity when mixing to make a final product, thus saving time and cost associated with cleaning, maintenance and validation. For instance, in June 2022, Greatview Aseptic Packaging Company, a China-based aseptic processing company, introduced aseptic cartons. This aseptic carton is derived from a biobased polymer utilized to produce the aseptic carton pack and laminate paper boards to improve sustainability in product packaging.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Tetra Laval International S.A, Amcor Limited, DS Smith PLC., Nippon Paper Industries, Refresco Group N.V., Sealed Air Corporation, Reynolds Group Holdings Limited, Sidel Group, Visy Industries, SIG Combibloc AG, UFlex Limited, RPC Group, IPI S.r.l., ELOPAK Group, Shibuya Kogyo Co. Ltd., JBT Corporation, Coesia S.p.A., Greatview Aseptic Packaging Co. Ltd., Scholle IPN, Bemis Company Inc., Bemis Company Inc, Printpack Inc., Waldner, Ecolean AB, Aseptic Solutions USA, Comar LLC, Packaging World Co. Ltd., Molins PLC, Trepko Group, Evergreen Packaging LLC
Aseptic Packaging Market 2024 Key Insights:
• The aseptic packaging market size is expected to see rapid growth in the next few years. It will grow to $129.17 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%.
• Rising Demand For Convenience Foods Propels Growth In Aseptic Packaging Market
• Focus On Advancement In Aseptic Packaging Market For Enhanced Safety And Efficiency
• Asia-Pacific was the largest region in the aseptic packaging market in 2023
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