Asia Pacific Aseptic Packaging Market Size & Outlook
Asia Pacific aseptic packaging market, 2018-2030 (US$M)
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Asia Pacific aseptic packaging market highlights
- The Asia Pacific aseptic packaging market generated a revenue of USD 7,103.8 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, paper & paperboard was the largest revenue generating material in 2023.
- Paper & Paperboard is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 7,103.8 million |
| Market revenue in 2030 | USD 12,377.1 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Paper & paperboard |
| Fastest growing segment | Paper & Paperboard |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paper & Paperboard, Plastics |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.6% of the global aseptic packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,377.1 million by 2030.
Paper & paperboard was the largest segment with a revenue share of 49.38% in 2023. Horizon Databook has segmented the Asia Pacific aseptic packaging market based on paper & paperboard, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is accounted for over 35% of the global demand and is expected to be the largest market by 2024. Growing demand for packaged food and beverage products owing to changing consumer lifestyle and increasing spending capacities among the Asian consumers is expected to have a positive impact on the industry growth.
Manufacturers from the developed economies are likely to shift their production facilities in the region in order to tap the rising end-user demand. The rapid growth of food & beverage, pharmaceutical and cosmetics industry in countries including China, Korea, and India is expected to have a positive impact on the market growth over the forecast period.
Increasing demand for dairy and non-dairy packaged food products, snacks, and deserts in Asian countries owing to rising consumer demand for ready to eat products coupled with increasing spending capacities is expected to have a positive impact on the aseptic packaging market over the forecast period.
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Aseptic Packaging Market Scope
Aseptic Packaging Market Companies
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Asia Pacific aseptic packaging market size, by country, 2018-2030 (US$M)
Asia Pacific Aseptic Packaging Market Outlook Share, 2023 & 2030 (US$M)
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