Research Nester published a report titled “*Aseptic Paper PackagingMarket: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the global aseptic paper packaging market in terms of market segmentation by packaging type, materials, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The globalaseptic paper packaging market is projected to grow at a CAGR of ~10% by attaining revenue of ~USD 35,000 million during the forecast period, i.e., 2023 – 2033. Rising demand for aseptic paper packaging to pack dairy products is anticipated to propel the growth of the market during the forecast period. As of 2020, about 900 million tons of milk were produced globally. Additionally, rising production of paper and paperboard is further estimated to propel the market growth over the forecast period. In 2020, the production of paper & paperboard worldwide was projected to reach approximately 400 metric tons.
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Additionally, by end-user industry, the global aseptic paper packaging market is segmented into food & beverages, pharmaceuticals, chemicals, and others. Out of these sub-segments, the food & beverage segment is estimated to obtain the largest share in the market during the forecast period. The growth of the segment can be accounted to rising demand for packaged and ready-to-eat food. In 2022, the food segment was valued at about USD 15 billion.
Furthermore, the global aseptic paper packaging market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the Asia Pacific region is estimated to grow at a rapid pace over the forecast period on the back of increasing industrialization and urbanization. Additionally, significant demand in the food industry of the region is further expected to propel the market growth over the forecast period.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Higher Demand in Medicine Packaging to Foster the Growth of the Market
As of 2021, the total spending on medicines was projected to be nearly USD 1.5 trillion across the globe.
Medicines have been in existence for centuries and are utilized to cure, ease, and prevent diseases. Medicines come in a wide range of forms such as, inhalers, liquids, tablets, drops, capsules, suppositories, and others. medicines are made of particular compounds and chemicals and it leads to the importance of their packaging to keep their health properties for a long period. Therefore, such factors are anticipated to propel the growth of the market during the forecast period.
However, the harmful impact on the environment of aseptic packaging is expected to operate as a key restraint to the growth of the global aseptic paper packaging market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global aseptic paper packaging market which includes company profiling of Bemis Company, Inc., Amcor Limited, Sonoco Product Company, UFlex Limited, Sealed Air Corporation, DS Smith Plc, Stora Enso Oyj, International Paper Company,Smurfit Kappa Group, and WstRock Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global aseptic paper packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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