Australia Aseptic Packaging Market: Market Analysis by Knowledge Sourcing Intelligence
The Australia aseptic packaging market is projected to grow at a CAGR of 6.52% during the forecast period, to reach a market size of US$XX.XXX billion by 2024, from US$XX.XXX billion in 2018. Aseptic packaging is a process in which sterilized products are packed into already sterilized containers in order to improve the shelf life of products without the use of any preservatives. The demand for aseptic packaging will see growth in the Australian market during the forecast period mainly due to the growing food and beverage industry, and the shift in the trend of consumers towards edibles without preservatives.The market research provide a detailed analysis of Australia Aseptic Packaging market on the basis of various segment like- By Products, By Applications etc.
Australia Aseptic Packaging Market by Products:
By products, the Australia aseptic packaging market is segmented as bottles, cartons and boxes, bags, pouches, cans, and others. Cartons and boxes and cans hold the significant market share owing to increasing demand for convenience and quality products coupled with increasing disposable income. Bottles are widely used in the beverage industry and established dairy industry in the country will further drive the market during the forecast period. According to the Australian Competition and Consumer Commission, dairy is Australia’s third largest agricultural commodity in terms of farm gate value, in 2015-16 nearly 9.54 billion liters of milk was produced nationally.
Sample view of Australia Aseptic Packaging market Share by Products |
Australia Aseptic Packaging Market by Applications:
By application, the Australia aseptic packaging market is segmented as food packaging, beverage packaging, pharmaceutical and healthcare packaging, and others. The food and beverage packaging held a significant share in the market owing to growing propensity of consumers towards sustainable packaging. The Aseptic packaging market is driven by the presence of strict packaging regulations in the country.
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In addition, aseptic packaging in bottles is well suited to the beverages with high added value and a delicate formulation, for instance in dairy products where added vitamins won’t bear further heat treatment.
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