1. What is the projected Compound Annual Growth Rate (CAGR) of the Aseptic Packaging Market?
The projected CAGR is approximately 11.10%.
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Aseptic Packaging MarketAseptic Packaging Market by Material (Plastic, Metal, Glass, Paper & Paperboard, Others), by Type (Cartons, Bags & Pouches, Bottles & Cans, Vials & Ampoules, Others), by Application (Food, Beverages, Pharmaceutical, Others), by North America (U.S., Canada) Forecast 2025-2033
The Aseptic Packaging Market size was valued at USD 72.07 USD Billion in 2023 and is projected to reach USD 150.58 USD Billion by 2032, exhibiting a CAGR of 11.10 % during the forecast period. The market for aseptic packaging is growing very fast because people want to have and consume foods and beverages that are fresh and with a long shelf life. Aseptic packaging entails the sterilization of the product and packaging materials independently before they are united under aseptic conditions. Some of the improvements that can be associated with this invention include; First, the elimination of the need to refrigerate the shelves, second, retaining the nutritional values of the foods preserved, and third, a reduction of the use of preservatives as a means of food preservation. They are for instance used in dairy products, beverages, the pharmaceutical industry and processed foods. Depending on the material it is divided into cartons, bottles, bags and pouches; based on technology it is segmented as thermal, chemical and radiation; Based on material it covers plastics, glass and metal. The market is driven by key trends like technological improvement and safety concerns which help in enhancing the demands through features like less packaging, cheap and eco-friendly.
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The Asia-Pacific region is expected to lead the market, followed by North America and Europe. Emerging economies in Asia-Pacific and Latin America offer significant growth opportunities for aseptic packaging manufacturers.
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 11.10% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 11.10%.
Key companies in the market include Amcor (U.K.), Tetra Laval S.A. (Switzerland), Greatview Aseptic Packaging Co., Ltd. (China), IMA Group (Italy), SCHOTT Glass India Pvt. Ltd. (India), DS Smith (U.K.), Elopak Group (Norway), SIG Combibloc Group Ltd. (Switzerland), Printpack (U.S.), Sealed Air Corporation (U.S.).
The market segments include Material, Type, Application.
The market size is estimated to be USD 72.07 USD Billion as of 2022.
Rising Consumer Preference Toward Natural Food & Beverage Products to Drive Market.
Growing Demand for Convenience Packaged Food Products to Bolster Growth Prospects.
High Cost of Investment and Environmental Impact of Aseptic Packaging to Restrain Market.
November 2023 – Tetra Pak, the leading manufacturer of tetra packaging, in collaboration with Portuguese food products firm Lactogal, launched the Tetra Brik 200 Slim Leaf aseptic beverage carton. The carton features a paper-based barrier and is manufactured with 80% paperboard, boosting the use of renewable content in the package up to 90%.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Kiloton.
Yes, the market keyword associated with the report is "Aseptic Packaging Market," which aids in identifying and referencing the specific market segment covered.
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