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Aseptic Packaging Market Opportunity Analysis and Industry Forecast by 2028 | By AMR
Aseptic Packaging Market
Rise in government expenditure on healthcare, improved recycling rates for packaging, and increase in adoption of automation in the production drive the growth of the global aseptic packaging market. However, variations in raw material prices hinder the market growth. On the other hand, increase in e-commerce sales and untapped potential in emerging nations present new opportunities in the coming years.
Growth of the aseptic packaging market is majorly driven by urbanization in developing countries and increasing adoption of sustainable products.
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Growth Demands:
The global aseptic packaging market is expected to be driven by growth in adoption of aseptic packaging in the beverage industry and rise in demand from healthcare industry.
Key market players aim to discover new technologies and products to cater to growing customer demands. Business expansion and product launch are anticipated to allow them to enhance their product portfolios and enter into various regions.
One of the major factors that stimulate growth of the global aseptic packaging market is surge in demand for recycled and affordable packaging products. However, uncertain prices of raw material is anticipated to hinder growth of the global aseptic packaging market.
On the basis of end-use industry, the beverage segment secured largest share in the global aseptic packaging market in 2020, and the food segment is anticipated to grow at the highest CAGR during the forecast period.
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Top Runners in This Market:
The major players profiled in the aseptic packaging market include 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., and UFlex Limited.
Key Findings Of The Study
• By packaging type, the carton segment was the highest revenue contributor in 2020.
• By material, the paper and paperboard segment generated the highest revenue in 2020.
• By end-user industry, the beverage segment generated the highest revenue in 2020.
• By region, Asia-Pacific generated the highest revenue in 2020.
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