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Pharmacy benefit management market
Brik Shape Aseptic Packaging Market Report Overview
The global brik shape aseptic packaging market size was USD 12430 million in 2021 and is projected to touch USD 15854.67 million by 2031, at a CAGR of 3.5% during the projected period.
Brik shape aseptic packaging refers to a method of packaging in which brick-shaped containers made of moulded paper or plastic are used. Food and beverages are stored and distributed in this type of packaging. The primary advantages of using this form of storing are that it is simple to use, long-lasting, and helps protect the substance from leakage and pollutants. The packaging is most commonly found in the dairy sector. Because of its good barrier characteristics and sterilisation resistance, it can be used for pasteurised milk, acidophilus milk, yoghurt, and other products. Brik shape aseptic packaging especially for dairy items maintains good quality at room temperature for up to 48 hours, implies that consumers do not need to preserve them in the refrigerator. This brik package type results in more freshness in the food items.
COVID-19 Impact: Supply and Lockdown Limitations to Impede Market Advancement
The global COVID-19 pandemic has been unprecedented and staggering, with brik shape aseptic packaging experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Beginning in 2021, the COVID-19 illness spread around the globe, affecting countless people in general, and major governments across the world issued orders for work stoppages and foot restrictions. Most initiatives have been seriously impacted, with the exception of the groups that provide medical products and life support equipment. Food manufacturing activity was briefly halted or suspended as a result of the lockout and also because of the occurring depression in people lives as many of them lost their near ones which had a significant impact on the market's application programming interface. The brik shape aseptic packaging market was ultimately significantly impacted by restrictions connected to fewer manufacturing and food processing activities, a more constrained supply chain, a reduced proportion of employees, and closures.
Brik shape aseptic packaging market growth is predicted to rise as a result of growing demand and rising application areas in the food and beverage items.
LATEST TRENDS
"Rising Trend of Sterilization and Practises to Stimulate Market Development "
Brick carton packages that follow the rules outlined above qualify as green packaging. One of the most emerging advancements in the brick shape aseptic packaging market is the utilization of aseptic packaging technology. Before filling an aseptic package with (ultra-high temperature) UHT treated food, it is sterilised. This innovation is also a driving force in the growth of the brick shape aseptic packaging market because it produces a product that is highly shelf-stable. The aluminium which the brick carton packaging contains prevents against odours, UV rays, and other gases. Low-density polyethylene is often utilised to keep moisture and other humid pollutants at bay. Filling drinks is an important step in the beverage manufacturing process. Milk products, tea or coffee drinks, fruit and vegetable drinks, herbal beverages and medicines, alcohols and wines, and other products are packaged in brick cartons. For efficient distribution, the brick shape aseptic package, is enclosed with the monster seal quality. They are also useful for preserving vital and delicate ingredients like vitamins and minerals.
Brik Shape Aseptic Packaging Market Segmentation
- By Type
Based on type; the market is divided into less than 250ml, 250-500ml, more than 500ml
Less than 250ml type is the leading part of the type segment.
- By Application
Based on the application; the market is divided into dairy, beverage & drinks, others
Dairy is the leading part of the application segment.
DRIVING FACTORS
"Cost-Effectiveness of Brik Carton Packaging to Aid Market Expansion "
The growing need and demand for foods and drinks in developing economies is propelling the development of the brick shape aseptic packaging market. The cost-effectiveness of brik carton packaging encourages manufacturers to use it in order to reduce overall manufacturing costs. The access to low brik shape aseptic packaging components and materials are further fuelling market growth.
The requirement for brik shape aseptic packaging is anticipated to rise in demand for food and beverages.
"Rise in One-Stop Packaging Facility Investment to Foster Industry Progress"
Brick shape aseptic packaging keeps the product safe without the use of additives or preservatives, saving the manufacturer money on production costs. Companies are now producing brick carton packaging that meets ergonomic criteria like one-stop packaging facility, high energy efficiency, low emissions, and environmental protection.
RESTRAINING FACTORS
"Difficult Recycling Procedures to Hinder Market Advancement "
Recycling of the packages in several region is a main problem, despite the fact that other nations repurpose brik shape aseptic packaging mainly for napkins, tissues, and writing paper manufacturing costs owing to a more complex process and systems, production costs rise, results in higher consumer costs.
Therefore, the complex recycling directions or procedures will hinder or proves to be a disadvantage for the brik shape aseptic packaging market.
Brik Shape Aseptic Packaging Market Regional Insights
"Increase in Supply and Demand for Packaged Food to Foster Market Advancement in North America "
North America has the biggest share because it is the largest consumer and producer of processed and packaged food products. In many cases, the U.S. alone accounts for over half of global consumption, accompanied by countries like Canada and Mexico.
The expansion of the brik shape aseptic packaging market share in this specific region can also be attributed to a number of factors, including an increase in supply and demand for convenience foods and beverages, as well as increased health awareness among consumers, which leads them to prefer cleanliness products that give protective barrier microbes or chemical products. Because of its growing population and rising disposable incomes, North America is forecast to expand at a faster CAGR. Due to increased consumer expenditure on non-essential products, developing countries such as India are expected to augment the growth during the forecast period.
The region is reported to demonstrate a consistent rate of growth with in brik shape aseptic packaging market, owing to increased investment opportunities by companies that manufacture this material.
KEY INDUSTRY PLAYERS
"Notable Players in the Industry to Promote Market Expansion "
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on brik shape aseptic packaging market. The study describes the industry's market size, market features, and market growth by type, industry, and customer sector. Furthermore, it presents a complete examination of commercialization factors prior to and following the Covid-19 pandemic.
LIST OF TOP BRIK SHAPE ASEPTIC PACKAGING COMPANIES
- Tetra Pak (Switzerland)
- SIG (U.S.)
- Elopak (Norway)
- Greatview (China)
- Xinjufeng Pack (China)
- Lamipack (India)
- Bihai (China)
- Coesia IPI (Italy)
- Likang (China)
- ipack (Japan)
- Skylong (U.S.)
- Jielong Yongfa (China)
- Skylong (U.S.)
REPORT COVERAGE
The report also examines the equipment market's current state of development and its overall market trend. It also separates the market by categories based on type and applications in order to conduct a detailed study and demonstrate the industry's characteristics and prospects. By taking into account a range of elements, such as growth rate, trends, industrial advancements, technologies, growth, distribution, and barriers, it offers a thorough assessment as well as a detailed analysis.
If the significant competitors or the predicted assessment of market dynamics change, the analysis would need to be updated. In terms of production, this study looked at consumption, manufacturing, annual growth, and share prices of manufacturers. It also delivers detailed information and cutting-edge assessment required to create an ideal strategic plan and outline the best path for speedy growth for all industry participants. With this knowledge, participants will be better able to build new strategies are focused on market prospects that would benefit them, thereby rendering their company ventures successful. The market report presents the industry's historic and projected performance, as well as a competitive landscape analysis that includes major key player analysis, revenue trends, and CAGR status. It offers in-depth assessment of organisation profiles, economic expansion insights, supply-demand scenarios, consumption and production demand, and business expansion strategies used by the top key players. It also looks at the latest and coming year’s market outlook, including latest events, trends, market shares, share, and growth prospects across all geographical regions.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 12430 Million in 2021 |
Market Size Value By |
US$ 15854.67 Million by 2031 |
Growth Rate |
CAGR of 3.5% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the brik shape aseptic packaging market expected to touch by 2031?
Based on our research, the global brik shape aseptic packaging market is projected to touch USD 15854.67 million by 2031.
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What CAGR is the brik shape aseptic packaging market expected to exhibit by 2031?
The brik shape aseptic packaging market is expected to exhibit a CAGR of 3.5% by the forecasted year 2031.
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What are the driving factors of the brik shape aseptic packaging market?
Cost-effectiveness of brik carton packaging and rise in one-stop packaging facility, to drive the brik shape aseptic packaging market.
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Which are the top companies operating in the brik shape aseptic packaging market?
Tetra Pak, SIG, Elopak, Greatview, Xinjufeng Pack, Lamipack, Bihai , Coesia IPI, Likang, Ipack, Skylong, Jielong Yongfa, Skylong are the top companies operating in the brik shape aseptic packaging market.