The Aseptic Paper Packaging market accounted for $9,894.31 million in 2019 and is expected to reach $17,646.29 million by 2027 growing at a CAGR of 7.5% during the forecast period.
Some of the key factors propelling market growth are increasing demand for light-weight packaging, lower production cost, and rising demand for consumer-friendly packages.
However, the lack of methods for recycling is the restraining factor for the growth of the market.
Aseptic paper packaging is a method of packaging liquids or liquid-based contents in a clean sustainable packaging product.
Its key benefit is that it ensures a greater shelf-life for the content without refrigeration. It also helps in maintaining the integrity and original characteristics of the contents to be retained over a longer period.
By end-user, the dairy products segment is expected to grow at a significant market share during the forecast period due to the increasing consumption for dairy products all over the world.
Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period owing to the growth of food industries in the region coupled with the rise in disposable income of the people.
Some of the key players in Aseptic Paper Packaging Market include.
Amcor Limited, Tetra Pak International, Evergreen Packaging, Nippon Paper Industries, Elopak, TidePak Aseptic Packaging Material, Nampak Ltd, Refresco Gerber, Gammagroup Industriegter Handelsges, Greatview Aseptic Packaging Co, Weyerhaeuser Company, SIG Combibloc Obeikan, Clearwater Paper Corporation, Lami Packaging Co, Mondi Ltd, IPI s.r.l, and Uflex Ltd.
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