Market revenue in 2023 | USD 736.6 million |
Market revenue in 2030 | USD 1,315.8 million |
Growth rate | 8.6% (CAGR from 2023 to 2030) |
Largest segment | Paper & paperboard |
Fastest growing segment | Paper & Paperboard |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Paper & Paperboard, Plastics |
Paper & paperboard was the largest segment with a revenue share of 46.97% in 2023. Horizon Databook has segmented the Brazil aseptic packaging market based on paper & paperboard, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is expected to be one of the key markets for aseptic packaging over the forecast period owing to rapid growth of food & beverage and pharmaceutical sector in the region. Growing demand for dairy products in the region are likely to drive demand over the forecast period.
Rising consumer average income coupled with increasing consumption of packaged food products in the country is expected to have a positive impact on the market growth over the forecast period. Brazil-based dairy manufacturer Jussara launched PET-based milk aseptic milk bottles in the market in order to reduce the risk of contamination and tap the rising consumer demand for safe and hygienic milk.
The capacity of bottling line of the company is around 18,000 bottles per hour and currently the line runs at an average of 95% efficiency. Brazil is one of the key countries which manufacture and export variety of agricultural products such as juices, sugar, coffee, and alcohol.
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