Asia Pacific Aseptic Packaging Market to hit 25 billion-dollar mark by 2024

The Aseptic Packaging Market from cartons product segment attained the highest industry share with a CAGR close to 9% owing to widespread applications in beverage and dairy industries, says Global Market Insights, Inc.

The global aseptic packaging market share will exceed USD 70 billion by 2024. In recent years, the market has come to thrive as a rather profitable business space, owing to the increasing demands for processed and packaged food and disposable healthcare instruments like vials and prefilled syringes. With hectic work schedules and changing lifestyles around the globe, packaged food is steadily replacing home-cooked meals, a trend that has given a boost to the packaged food and beverages industry, indirectly propelling aseptic packaging market share.

It is also prudent to mention that dual income households have led to consumers willing to pay more for healthier food packages, which would indeed provide a positive impetus to aseptic packaging industry size, estimated to register a 9.9% CAGR up to 2024.

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Food and beverages industry hold more than half the market share owing to increasing application in several liquid foods, ready to eat meals and beverage products. The food and beverage industry segment will grow significantly, as aseptically packaged products have good taste, with higher nutrition value and also lasts longer. This segment will grow at a CAGR of over 7% over the coming years.

The profitability quotient of the entire business space is claimed to be directly proportional to the expanding end-use domains. Pertaining to the wide application scope of packaging across food, beverage, dairy, and pharmaceutical sectors, the global demand for safe high-quality packaging solutions have witnessed a steady rise lately-which has had a substantial impact on the growth curve of aseptic packaging market.

Aseptic packaging products require less packaging materials, light weight, and easy to recycle. These features are making them most favorable packaging materials. Moreover, the sustainable properties such as product sterility, and longer shelf life offered by them would result in a significant growth of this market all over the world.

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Asia Pacific had been leading the aseptic packaging market in 2016, while its shares are expected to surpass USD 25 billion by 2024. Owing to rapid urbanization, advent of supermarkets and increasing proportion of the female workforce in countries like India and China, pre-packaged and ready-to-cook foods have gained mass popularity in APAC.

The demand for foreign foods in local markets is also contributing to the growth of the aseptic packaging market in the region, state experts. Furthermore, the changing consumer preferences in countries like Indonesia and Australia will also help augment this business space across APAC.

Key players present in the aseptic packaging market are Amcor Limited, DuPont., Tetra Laval International S.A, Krones AG, Scholle IPN, Lamican International Oy, Ecolean AB, Sealed Air, Goglio S.P.A, Agropur Cooperative, IPI, Printpack and others.

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Partial Table of Contents (ToC) of the report:
Chapter 4. Aseptic Packaging Market, Product by End-user
4.1. Global Aseptic Packaging market share product by end-user, 2016 & 2024
4.2. Bottles (Glass, Plastic)
4.2.1. Market estimates and forecast, product by end-user 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Cartons
4.3.1. Market estimates and forecast, product by end-user 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Vials & Prefilled Syringes & Ampoules
4.4.1. Market estimates and forecast, product by end-user 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Bags & Pouches
4.5.1. Market estimates and forecast, product by end-user 2013 – 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Others (Cups, etc.)
4.6.1. Market estimates and forecast, product by end-user 2013 – 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Release ID: 451470