Market Trends of Global Aseptic Packaging Industry
Growing Demand for Beverages to Drive the Market
- The growing popularity of on-the-go beverages and the increasing number of outlets are expected to boost the market's growth in the beverage industry. The change in consumer needs provides packaging producers with several options for meeting innovative packaging needs in the beverage industry.
- Consumers frequently grab convenient and functional drinks, such as RTD coffee and tea, energy drinks, and other beverages that can be consumed whenever and wherever they need a boost. As such, non-alcoholic beverages that offer functional and practical benefits that are relatively healthy and natural can appeal to busy consumers. Leveraging the natural, energy-boosting characteristics of electrolytes, vitamins, minerals, and other natural ingredients in new product formulations can help brands target a specific consumer base.
- The increased demand for nutraceutical beverages and products due to several healthy ingredients such as vegetables and fruits and rising global demand for milk-based drinks are expected to boost global functional growth, presumed to be an essential factor for the beverage market during the forecast period.
- The increasing demand for instant energy drinks that provide mental and physical stimulation among fitness enthusiasts is projected to create significant growth opportunities for the functional beverage market during the forecast period.
- Consumers in the market are becoming increasingly conscious of health and wellness. From juice in the morning to energy drinks, they are spending more on products that provide refreshments and are well within the wellness trend. This trend has created a high demand for cost-effective packaging solutions in the beverage packaging segment. The increasing demand for aseptic cartons from the milk and other dairy beverages sectors may trigger additional activity in the market due to cartons' ability to offer benefits like easy stacking of products and longer shelf life.
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Asia-Pacific to Witness Fastest Growth
- China is one of the major consumers of aseptic packaging in the Asia-Pacific region. The growing consumption of food and beverages is anticipated to support the market's growth during the forecast period. The growing trend of packed meals, the increasing number of restaurants and supermarkets, and the increasing bottled water and beverage consumption are significant factors driving the market in the country.
- In India, the industry is driven by a growing population, increased income, and changing lifestyles. Growth prospects of end-user segments are leading to a rise in the demand for the rigid plastic packaging industry. In addition, the market's expansion products are being constrained by the increased use of alternative packaging options for a pouch packaging. Due to the rapidly growing demand for packaged food goods and increased disposable income, India is projected to hold a significant share of the Asia-Pacific aseptic packing market.
- Consumers increasingly use retort pouches in Japan, particularly for sauces and curries. Retort pouches can replace conventional cans since they are made of laminated plastic and aluminum, which can withstand the thermal processing used for sterilizing. Pouch packaging is more affordable than cans, especially in nations that import metal for canning, which is the key driver promoting acceptance in Japan.
- Australia is one of the Asia-Pacific region's fastest-growing packaging markets. The meat, fresh produce, and processed food industries are growing nationwide. Rising consumer ethical concerns and trends in health and well-being have sustained the demand for locally produced, fresh food. In addition, the use of single-serve and reusable packaging options such as pouches has increased along with the country's tendency to snack over the years. The demand for RTD pouches is also being fueled by the steadily rising demand for dairy products and fresh fruit juices.
- Under the Asia-Pacific region, other countries like South Korea, Indonesia, Vietnam, Thailand, Singapore, Bangladesh, Taiwan, Malaysia, etc., also have high potential scope for gaining a considerable share in the market studied.
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