The global market for aseptic packaging is projected to grow from USD 39.62 billion in 2017 to reach USD 66.45 billion by 2022, at an estimated CAGR of 10.89%.
The global market for aseptic packaging is projected to grow from USD 39.62 billion in 2017 to reach USD 66.45 billion by 2022, at an estimated CAGR of 10.89%, according to the new research conducted by Reportlinker.
The aseptic packaging market is driven by factors such as an increase in the demand for convenience and quality food products, and the growth of the dairy beverages market.
Emerging markets, such as the Asia-Pacific region, have contributed to an increase in the application of aseptic packaging in packaging products.
Cost-to-benefit ratio to small manufacturers and high research & development investment are the restraining factors for the aseptic packaging market.
Bottles & cans segment, by type, projected to grow at the highest CAGR during the forecast period.
The bottles & cans segment, by type, is projected to grow at the highest CAGR between 2017 and 2022.
The increasing demand from the food and beverage packaging industries is driving the usage of bottles & cans in the aseptic packaging market.
The growth of this market is attributed to the increasing demand for beverages, especially from the dairy and juice packaging market.
The cans segment is influenced by the growth of tinned meat, seafood & fruit products, and ready-to-serve markets. Cans are sealed with a double seam and are air tight and tamperproof to ensure that food is preserved, has a long shelf life, and remains fresh.
Asia-Pacific to gain maximum traction during the forecast period.