Global Aseptic Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The aseptic packaging market was valued at USD 49.15 billion in 2020 and is expected to reach USD 72.15 billion by 2026 and grow at a CAGR of 9.5% over the forecast period (2021-2026). Growth in the aseptic packaging market is driven by the packaging material's ability to respond to the need for high and uniform product quality, higher nutrient retention, and avoid the bisphenol A (BPA) controversy, which is commonly found in can liners. Aseptic packaging has met all these demands while increasing the shelf life of selected products by an estimated period of six to twelve months without refrigeration.
Key HighlightsThe aseptic packaging market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate 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 profitability. The companies operating in the market are also acquiring startups working on aseptic packaging to strengthen their product capabilities.
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