Global Aseptic Packaging Market Witnessed to Gain Significant Revenue and Remarkable CAGR of 10% during Forecast 2017 – 2024

Published on : May 23, 2018

Albany, New York, May 23, 2018: The aseptic process ensures that both food and packaging materials are free of harmful bacteria when food is packaged. Presently, high demand for aseptic packaging in flexible packaging, especially in the application sectors such as food, dairy and beverages is inspiring the growth of global aseptic packaging market. A study titled “Aseptic Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024” has been recently broadcasted to the wide database of Market Research Hub (MRH), which aims to offer readers a clear perspective of the market on a global and regional level. Based on the geographical spread, the aseptic packaging market is divided into North America, Latin America, Japan, Europe, Asia Pacific and Middle East & Africa. Each of these regions is analyzed on the basis of revenue comparison (US$ Mn) and market size, 2017 to 2024.

Forecast Highlights

Aseptic packaging is the final step in aseptic food processing, in which food products are continuously sterilized, ensuring that no microorganism are present which are harmful. Aseptic packaging mainly includes polypropylene, paperboard, aluminum, calcium carbonate (by few manufacturers), borosilicate glass and ethylene vinyl alcohol. In the present time, increase in awareness about benefits of preservative-free packaged products has boosted the aseptic packaging market rapidly. According to the findings, the demand in the global aseptic packaging market will proliferate at a notable CAGR of 10.0% during the forecast period of 2017 to 2024.

Moving further, the research also throws light on major market dynamics which includes drivers, restraints, and opportunities. As per the report, development of advanced aseptic packages resultant into cheaper, lighter, and more eco-friendly goods and untapped packaging markets in developing regions are estimated to provide major growth opportunities for the aseptic packaging market in the next few years. In terms of revenue, the global aseptic packaging market has been anticipated to attain an evaluation of 80.49 billion by 2024, escalating from its market’s evaluated worth of US$41.31 Bn as of 2017.

As the report moves ahead, the study offers segmental analysis of the aseptic packaging market on the basis of products and end-user. By product type, the study covers carton; bags & pouches; bottles; vials; prefilled syringes & ampoules, and others. End-user include Food, Pharmaceutical, Beverages, Dairy and others. Out of these, the report has highlighted the first two as the foremost segments in the global market. Geographically, Asia Pacific has been notified as the most profitable region which is likely to generate 39.1% of the total demand in the global aseptic packaging market by 2024.

Another vital section of the report is competitive landscape featuring some of the top companies, including SIG Combibloc Group AG, Tetra Pak, ELOPAK Group, Greatview Aseptic Packaging Co., Ltd., Sealed Air Corporation, Ecolean AB, Molopak, Schott AG, IPI, and Dizaynpak Baski Ve Ambalaj Teknolojileri A.S.

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