LOS ANGELES, March 07, 2019 (GLOBE NEWSWIRE) -- The recent report released by QY Research titled, “Global Aseptic Packaging Sales Market Report 2018,” provides the key market insights of the global aseptic packaging market during the assessment year 2018-2025. In the year 2018, the global aseptic packaging market was valued at US$ 14 Bn and is likely to reach more than US$ 18 Bn by the end of 2025. The market is growing with a moderate CAGR of 4% during the projected period.
Global Aseptic Packaging Market: Drivers and Restraints
The global aseptic packaging market is witnessing a significant growth during the predicted period. The rising focus of several key players in the healthcare sector for the development of innovative packaging solutions is likely to propel the growth of the global aseptic packaging market in the years to come. The demand for aseptic packaging is also growing in the food and beverages industry to enhance the shelf life of the products which is likely to boost the growth of the market in the near future.
However, the difficulty in the manufacturing process is expected to hamper the development of the market during the forecasted period.
Global Aseptic Packaging Market: Segmental Analysis
On the basis of product type, the market is segmented into Roof Shape, Brik Shape, and Pillow Shape.
Based on the application segment, the market is segmented into Food, Dairy, Beverage, and others such as ice cream and the Pharmaceutical industry. The dairy segment is further segmented into Cartons of milk, Beverage & Drinks are segmented into Juice; soy, grain, and nut beverages such as sports and nutrition drinks, food segment is further segmented into prepared food, and cheese.
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Global Aseptic Packaging Market: Forecast by Region
North America, Europe, Asia-Pacific, South America, and Middle East & Africa are the regions that are included in this report. Asia-Pacific is likely to be the dominant market for the global aseptic packaging in terms of value in the near future. Europe is expected to be the second largest market across the globe. Asia-Pacific is also likely to grow at a substantial rate over the forecasted period.
Global Aseptic Packaging Market: Key Players
Some of the top players functioning into the global aseptic packaging market are Pulisheng, Tetra Pak, Jielong Yongfa, SIG, Bihai, Elopak, Coesia IPI, Greatview, Skylong, Xinjufeng Pack, and Likang. Tetra Pack is dominating the market in the years to come.
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