North America Aseptic Packaging Market : Market Research By Knowledge Sourcing Intelligence

North America aseptic packaging market was valued at US$8.265 billion in 2017 and is projected to grow at a CAGR of 8.15% during the forecast period to reach the market size of US$13.225 billion by 2023. Growing pharmaceutical and healthcare sector in the region, especially in the United States due to the rising cases of chronic diseases is driving the demand for aseptic packaging solutions in North America. High-income levels and improving standard of living, along with the new trend of packaged and readymade foods is also boosting the demand for aseptic packaging solutions. 
However, consumer preference towards non processed food may hamper the growth of the market during the forecast period. Emergence and innovation of new products and increasing urban population in the developing countries may widen up the growth opportunities for the manufacturers during the forecast period. U.S. accounted for the largest share in the region in terms of both value and volume and is also expected to have a dominant share during the forecast period. Strict government regulatory framework and industry standards for pharmaceutical packaging in the developed countries also drive the market in the region.
North America Aseptic Packaging Market
NORTH AMERICA ASEPTIC PACKAGING MARKET FORECAST, US$ BILLION, 2017 TO 2023

North America Aseptic Packaging market by packaging Material 


By packaging material, the North America aseptic packaging material market is segmented as paper, plastic, glass and metal. Paper segment is anticipated to hold a significant share over the forecast period on account of increasing requirement of aseptic and convenient packaging from the industries such as pharmaceutical, hospitality and food and beverage industry. Glass segment is anticipated to show a robust growth during the given forecast period owing to the growing demand of eco-friendly packaging material and stringent environment related regulations in the region. 
North America Aseptic Packaging Market
NORTH AMERICA ASEPTIC PACKAGING MARKET SHARE, BY PACKAGING MATERIAL, 2017

According to National Association of Convenience Stores, the US convenience store industry has around 154,958 stores in 2017, an increase of 0.3% (423 stores) from 2016 which accounts for about $550 billion in total sales. Moreover, due to rising disposable income in developing countries such as Mexico there is an increasing demand for processed food which further widen up the growth opportunity for the product in the region during the forecast period. According to USDA, the processed food industry in Mexico has experienced a steady growth, in 2012 processed food production in Mexico reached a value of US$123,954 million which represented an increase of 2-3 percent compared to the previous year.

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