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KEY FINDINGS
The North America aseptic packaging market is expected to grow with a CAGR of 8.81%, during the forecast years of 2021 to 2028. Factors such as, the growing exports of dairy products, increased investments, the increase in niche beverage categories, and consumers' transition towards environmentally sustainable packaging, are accredited to the region's market growth.
MARKET INSIGHTS
The North America aseptic packaging market growth is analyzed through the assessment of Canada and the United States. Canada's dairy industry continues to attract investments, while contributing to the country's economy. Besides, the government also motivates and encourages the adoption of advanced packaging technologies, across this division. The adoption is projected to rise, following the Canada-European Union Comprehensive Economic and Trade Agreement's first year.
The country's involvement in the United States-Mexico-Canada Agreement (USMCA), is expected to further open Canada's dairy industry, to the United States. For instance, Coca-Cola debuted its Fairlife Ultra-Filtered milk in Canada in 2018, with a new production facility to be established in 2020, in Ontario. As per the firm, the increased demand for high-shelf life, as well as highly protective dairy products in the nation, has mainly driven the product launch.
On the other hand, Canada's beer industry is observing a growing trend. According to the 2018 data issued by Beer Canada, the number of beer breweries grew by over 21%, from 2017 to 2018. Hence, these factors are anticipated to fuel the country's market growth.
COMPETITIVE INSIGHTS
Some of the leading companies operating in the market include, Sonoco Products Company, Sealed Air Corporation, Amcor PLC, Smurfit Kappa Group PLC, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments