Aseptic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The aseptic packaging market revenue was estimated to be USD 58.59 billion in the previous year. The market is expected to reach about USD 105.21 billion over the forecast period, registering a CAGR of 10.47%. Aseptic packaging is packaging a product at ultra-high temperature (UHT), sterilizing or sanitizing the packaging separately, and fusing and sealing under sterile atmospheric conditions to avoid viral and bacterial contamination. In addition, it maintains the quality of the package contents and does not require preservatives, benefiting the global aseptic packaging market.
Key HighlightsThe aseptic packaging market is highly competitive and consists of several major players dominating the market. With a prominent share in the market, these major players are focusing on expanding their customer bases across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market shares and strengthen their product capabilities through acquisitions, product launches, etc. Some of the major players in the market are Amcor Ltd, IPI SRL (Coesia Group), Tetra Pak International SA, Sealed Air Corporation, SIG Combibloc Group, and Schott AG.
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