Aseptic Carton Packaging Market Trends

Growth Drivers

• Growing Demand for Beverages Among People- Beverages are thought to be the aseptic carton packaging market's most widespread application. Hence the growing demand for beverages is estimated to boost the market growth. Further among beverages, milk is estimated to be preferred by large number of people owing to its nutrients content. Across major demographics, an about 68% of adults believe that milk is the most nutrient-dense type of beverage. Among adults, about 38% think 2% milk is the healthiest option, while approximately 30% think whole milk is the best option. Hence, the use of aseptic carton packing is favored for such products since it preserves product quality, increases shelf life, and prevents contamination and microorganism growth. This is accomplished by sterilizing the packaging containers prior to packaging. Hence growing preference of people for milk is estimated to boost the growth of the market.
• Surge in Demand for Ready-to-Eat Products - The percentage of Americans who ate ready-to-eat food in 2020 was close to 35%.
• Rise in Investment for Food & Beverage Industry - Investment for food and beverage businesses surged by about 74% annually to approximately USD 4 billion in 2020.
• Upsurge in Wastage of Food - In the world, one-third of the food produced for human use is lost or squandered. This comes to nearly 2 billion tonnes annually, or about USD 2 trillion.
• Growth in Export of Beverages - Non-alcoholic beverage exports increased by about 25% between 2019 and 2020, from about USD 440 million to approximate USD 558 million.

Challenges

• Strict Government Regulation on Use of Plastic and Recycling Products - Aseptic cartons are food containers built with multi-layer packaging that has layers of paper, plastic, and metal. In order to increase efficiency, process, ability, and cost-effectiveness, plastic is often used in traditional aseptic packing. The usage of plastics is now subject to stringent rules set by governments around the world, which is estimated to have a negative effect on the aseptic carton packaging market. For instance, forks, plates, and polystyrene trays are just a few of the single-use plastic products that the UK government plans to outlaw in an effort to reduce plastic waste pollution. The following products would be prohibited: certain varieties of polystyrene cups and food containers; plastic plates, trays, bowls, cutlery; balloon sticks.
• Need for Greater Technology Understanding
• Fluctuating Prices of Raw Material