According to the MarkNtel Advisors’ research report, "Global Aseptic Packaging for Food & Beverage Market Analysis, 2021," the market is likely to grow at a CAGR of around 9.9% during 2021-26 due to the rising investments in packaged food and the swiftly surging number of consumers globally.
The prime use of aseptic packaging in the food & beverage industry is for safely wrapping products like sauces, eggs, and meal replacement beverages. Alongside that, technological advancements and reduced distribution costs of manufacturers are also crucial factors further likely to propel the market growth.
|Study Period||Historical Data: 2016-19|
|Base Year: 2021|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Italy, Spain, The Netherlands|
|Asia-Pacific: China, India, Japan, South Korea, Australia and Others|
|South America: Brazil, and Argentina|
|Middle East & Africa: UAE, Saudi Arabia, South Africa|
|Key Companies Profiled||Tetra Pak International SA, Amcor Limited, Sealed Air Corporation, SIG Combibloc Group, Bemis Company Inc., Schott AG, Coveris Holdings SA, DS Smith PLC, Elopak AS, Mondi PLC, Becton, Dickinson & Co., Ecolean AB, IPI S.r.l, Krones AG, Syntegon Technology GmbH, UFlex Limited, WestRock Company|
|Unit Denominations||USD Million/Billion|
Impact of COVID-19
The COVID-19 outbreak positively impacted the Global Aseptic Packaging for Food & Beverage Market. The pandemic led to the lockdown impositions resulting in the soaring demand for essential food items with the utmost care of sanitization. It further brought a shift towards online shopping of food & beverages. Moreover, the food sanitation concerns, and easy disposable packaging are a few critical factors further fueling the Global Aseptic Packaging for Food & Beverage Market growth.