How big is the market for aseptic packaging
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The global aseptic packaging market size was estimated at $ 35,713.7 million in 2018 and is expected to reach $ 74,475.5 million by 2026, a CAGR of 9.5% from 2019 to 2026. Aseptic packaging is a process that uses a beverage or food product that contains ultra-high temperature (UHT) milk and other dairy products. The packaging is discreetly sterilized or disinfected and then fused and sealed under sterilized atmospheric conditions.
In aseptic packaging, plastic, glass, cardboard or metal are used for packaging. These materials are widely used in the manufacture of cans, containers, cartons, and other aseptic packaging. Due to its innovative appearance and recyclability, cardboard is one of the most frequently used materials for aseptic packaging. Aseptic packaging offers unique benefits including longer shelf life, environmental friendliness, preservation of content quality, and the need for preservatives that act as a boon to the global aseptic packaging market.
The increase in global consumption of food and beverages is driving the demand for aseptic packaging and thus the market for aseptic packaging. In addition, the increasing recycling rates for packaging worldwide are driving the growth of the aseptic packaging market. In addition, aseptic packaging is widely used in the beverage industry because of its cost-effectiveness, environmental friendliness and recyclability.
The leading market players mainly include:
- Amcor plc
- DS Smith Plc
- Mondi plc
- Reynolds Group Holdings Limited
- SIG Combibloc Group AG
- Sonoco Products Company
- Smurfit Kappa Group plc
- Stora Enso Oyj
- Tetra Laval International S.A.
- UFlex Limited
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