The global Aseptic Processing Market is estimated to be valued at US$ 106.93 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the aseptic processing market growth is the increasing consumption of packaged food and beverages globally. Aseptic packaging helps extend the shelf life of products without refrigeration, allowing consumers to enjoy drinks and food items whenever required. This makes aseptically packaged products very convenient and ideal for on-the-go consumption. Rapid urbanization and busier lifestyles have encouraged the demand for packaged ready-to-consume food and drinks products. The ability of aseptic processing to maintain quality and freshness for a long period without refrigeration fits well with the changing consumption patterns of consumers.
Segment Analysis:
The global aseptic processing market is dominated by packaging segment. Packaging segment accounts for over 60% share of the overall market. The segment is dominating as aseptic processing helps in increasing the shelf life of packaged products without any preservatives and refrigeration. This allows packaging of food and beverages over longer period of time while maintaining their quality and taste.
Key Takeaways:
The Global Aseptic Processing Market Scope is expected to witness high over the forecast period of 2024 to 2031. The global Aseptic Processing Market is estimated to be valued at US$ 106.93 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Regional analysis:
The aseptic processing market in Asia Pacific region is growing at the fastest pace. The region accounts for around 30% of the global market and is expected to maintain its dominance in coming years. Growing population, changing dietary habits and rising disposable income in countries like China and India aredriving the demand for packaged food and beverages in the region. This is positively impacting the adoption of aseptic processing.
Key players:
Key players operating in the aseptic processing market are Amcor Limited, Becton, Dickinson And Company, Robert Bosch Gmbh, Aran Packaging (Aran Group), Dizaynpak Baski Ve Ambalaj Teknolojileri A.Ş., Ipi S.R.L., Sealed Air Corporation, And Schott Ag. Amcor Limited and Sealed Air Corporation are the prominent players accounting for over 40% share of the global market.
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