Global Aseptic Paper Packaging Market to Grow at 5.5 % CAGR through 2025
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Transparency Market Research, Albany, N.Y., USA, observes that the competitive landscape in the global aseptic paper packaging market is highly fragmented. Strong presence of several players in the global market and lack of entry barrier is expected to further intensify the competition.
Some of the key players in the global market are Tetra Pak International S.A., Nippon Paper Industries Co., Nampak Ltd., Refresco Gerber N.V., SIG Combibloc Obeikan (South Africa), Polyoak Packaging Group, and Mondi Ltd. Most of the companies operating in the global market are expected to focus on industrial sectors to win contracts for supplying accepting paper packaging materials on a long-term basis. In the coming years, players are expected to deliver products that have a higher capacity for storage.
According to the research report, the global aseptic paper packaging market is expected to be worth $13,611 million by the end of 2025 as it makes a steady climb from about $8,894.8 million in 2017. Between 2017 and 2025, the global market is estimated to surge at a CAGR of 5.5%.
In terms of paper, the coated unbleached paper is expected to make significant impression on the global market as it rises at a CAGR of 5.8% during the forecast period. In terms of geography, Asia Pacific is slated to emerge as the leading market as the food and beverages industry shows an accelerated growth rate. During the forecast period of 2017 to 2025, the Asia Pacific aseptic paper packaging market is slated to exhibit a CAGR of 6.2%.
Aseptic paper packaging is gaining preferences among consumers as the product inside does not need to be refrigerated. Aseptic paper packaging provides convenience for "on-the-go" consumers as the product can be consumed in a hygienic manner. Also, aseptic paper packaging solutions provide convenience to the consumers as frequent consumption of the products from the packaging can be done. Furthermore, Aseptic paper packaging provides a viable alternative for hot-fill packaging solutions, due to the longer shelf-life of the product.
Aseptic paper packaging reduces the shipping cost as the need of refrigeration is completely eliminated. the factor accentuating the market share of aseptic paper packaging market is the continuous expansion of the beverage sector and the increasing demand in dairy and non-dairy based beverages for the "ready to drink" market such as fruit juices, yogurts, and alcoholics, etc. Aseptic paper packaging provides high barrier properties such as moisture resistance and dust resistance to the product enclosed within.
Furthermore, stringent government regulations against the use of plastic packaging solutions helps in propelling the market share of the aseptic paper packaging market. Aseptic paper for packaging helps in decreasing the cost and making the package light in weight, resulting in the reduction of transportation cost. The aseptic paper for packaging market has a large number of suppliers, making it easy for the manufacturers to easily gain access to raw material at an economical price.
On the downside, the global aseptic paper packaging market is still threatened by the plastic market. The idea of plastic as a convenient packaging material continues to lure in several end users. In addition to this, usage of glass as the best possible packaging material is also expected to act as an impediment to the uptake of the aseptic paper packaging market in the near future. The obvious environmental benefits of glass are also expected to make several consumers opt for glass instead of paper in the coming few years.
