Aseptic Packaging Market is Expected to Reach $74.47 Bn, Globally, at a CAGR of 9.5% by 2026: Says Allied Market Research

Rise in government expenditure on healthcare, improved recycling rates for packaging, and low cost of plastics propel the growth of the global Aseptic packaging market

News provided by

Allied Market Research

Sep 21, 2020, 10:00 ET

PORTLAND, Ore., Sept. 21, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Aseptic packaging Market Analysis by Type (Carton, Bags & Pouches, Bottles & Cans, and Vials, Prefilled Syringes, & Ampoules), Material (Glass, Metal, Plastic, and Paper & Paperboard), and End-Use Industry (Food, Beverage, and Healthcare): Global Opportunity Analysis and Industry Forecast, 2018–2026." According to the report published by Allied Market Research, the global Aseptic packaging market was estimated at $35.71 billion in 2018 and is expected to hit at $74.47 billion by 2026, registering a CAGR of 9.5% from 2019 to 2026.

Key determinants of the market-

Rise in government expenditure on healthcare, improved recycling rates for packaging, and low cost of plastics propel the growth of the global Aseptic packaging market. In addition, surge in adoption of automation in the production of aseptic packaging fuels the market growth. Conversely, uncertain prices of raw materials curtails down the growth to some extent. Nevertheless, rise in e-commerce sales globally and growth opportunities in the emerging markets are expected to create lucrative opportunities in the near future.

Download Sample PDF (265 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/6349

Covid-19 Scenarios-

The initial phase of covid-19 has impacted the manufacturers in aseptic packaging market due to supply chain disruptions for raw materials.
However, the demand for the packaging has been increased by the end-using sectors including food, beverages, and pharmaceuticals.

The paper and paperboards segment dominated in 2018 -

Based on material, the paper & paperboard segment contributed to more than half of the global aseptic packaging market revenue in 2018. In addition, the segment is expected to maintain its dominance by the end of 2026. The same segment would also portray the fastest CAGR of 9.8% during the study period. This is owing to plastic pollution concerns, rise in investment for product development related researches to implement use of paperboard in packaging of beverages other than dairy products and juices.

The cartons segment to lead throughout 2026-

Based on type, the cartons segment held the major share in 2018, garnering more than two-fifths of the global aseptic packaging market. This is owing to its features such as they are 100% recyclable and low carbon footprint of cartons. However, the vials, prefilled syringes, and ampoules segment would grow at the fastest CAGR of 10.6% throughout the forecast period. This is owing to the growth of the healthcare industry and increase in spending in the healthcare sector.

Get detailed COVID-19 impact analysis on the Aseptic Packaging Market: https://www.alliedmarketresearch.com/request-for-customization/6349?reqfor=covid

Asia-Pacific to rule the roost in terms of revenue, North America to grow at a significant pace-

Based on region, Asia-Pacific accounted for nearly two-fifths of the global aseptic packaging market revenue in 2018, and is anticipated to maintain the lion's share till 2026. Emerging countries, increased consumer disposable income, urbanization, and rise in consumption of beverages and food products in this regions drives the market growth. On the other hand, the region across LAMEA is anticipated to manifest the fastest CAGR of 10.6% from 2019 to 2026. Countries in this province have become a promising market for aseptic goods seeking to leverage the region's low-cost labor markets, rich natural resources, and expanding consumer markets. This drives the market growth in LAMEA. Moreover, the North America region is anticipated to grow at a CAGR of 9.0% from 2019 to 2026.

Key players in the industry-

Sonoco Products Company
Smurfit Kappa Group plc
Stora Enso Oyj
Tetra Laval International S.A.
UFlex Limited
Amcor plc
DS Smith Plc
Mondi plc
Reynolds Group Holdings Limited
SIG Combibloc Group AG

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/6349

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports We Have:

Packaging Machinery Market: The global packaging machinery market size was valued at $47.9 billion in 2019, and is projected to reach $70.5 billion by 2027, registering a CAGR of 5.1% from 2020 to 2027.

Rigid Plastic Packaging Market: The global rigid plastic packaging market size was valued at $216.8 billion in 2018, and is projected to reach $340.4 billion by 2026, growing at a CAGR of 5.6% from 2019 to 2026.

Packaging Robots Market: The packaging robots market size was valued at $2471 million in 2016 and is projected to reach $4,649 million by 2023, growing at a CAGR of 9.6% from 2017 to 2023

Beverage Packaging Market: The global beverage packaging market size is expected to reach $133.3 billion in 2026, from $86.1 billion in 2018, growing at a CAGR of 5.6% from 2019 to 2026.

Temperature Controlled Packaging Solutions Market: The temperature-controlled packaging solutions market size was valued at $8,648 million in 2016, and is projected to reach $16,925 million by 2023, growing at a CAGR of 10.2% from 2017 to 2023.

Smart Labels Market: Smart Labels Market was valued at $5,428 million in 2017, and is expected to reach $13,671 million by 2023, registering a CAGR of 16.6% from 2017 to 2023.

Pre-Book Now with 12% Discount:

Plastics Processing Machinery Market- Global Opportunity Analysis and Industry Forecast, 2020-2027

Photo Initiator Market- Global Opportunity Analysis and Industry Forecast, 2020–2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter