In its latest report, Future Market Insights estimates a steady growth of the Dairy Packaging Market during the assessment period 2020-2030 . Strict food safety regulations are helping growth.
A key driver is the growing awareness of the importance of packaging in the dairy industry to minimize the risk of spoilage and contamination. In addition, logistics and transportation requirements and the role of extending shelf life are positively affecting the growth outlook.
The demand for smaller fractional packaging options, along with higher disposable incomes and living standards, has boosted demand significantly. Research into eco-friendly packaging solutions will benefit the industry in the long run.
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Key points of the Dairy Packaging market report:
- Flexible packaging formats are expected to witness rapid growth, especially in developing countries, thanks to the logistical advantages offered to dairy producers.
- Paper and cardboard materials are likely to reflect the high demand for Tetra Pak format applications and the benefits of printed boards.
- Milk packaging will remain a major revenue contributor to the industry due to the growing consumption of its health-conscious consumer base.
- North America is the leading market due to its large milk production sector and high consumption of cheese, yogurt and flavored dairy products.
“Dairy packaging has shifted from glass bottles to polyethylene pouches, cartons, tubs, tetrapacks and aluminum cans. Increasing demand and distribution of dairy products through organized and robust retail supply chain channels has also boosted demand for dairy packaging worldwide,” said an FMI analyst.
Any queries associated with the report should be directed to the analyst. https://www.futuremarketinsights.com/ask-question/rep-gb-638
Analysis of the impact of COVID-19
The covid-19 pandemic has had a negative impact on the global dairy packaging market. Extensive lockdown restrictions have damaged the dairy industry’s supply chains, resulting in massive waste of milk resources in many parts of the world. This, in turn, hurt short-term demand for packaging.
In addition, the food service industry is facing severe restrictions that reduce demand for dairy products, which is consequently affecting the dairy packaging industry. Additionally, demand for dairy-based desserts, yogurt and ice cream declined sharply during the pandemic, limiting packaging supply chains. The market’s recovery will be gradual as concerns about the economic ramifications of the pandemic remain uncertain.
Who is the winner?
Key players in the dairy packaging market include Mondi Group, WestRock Company, CKS Packaging, Sealed Air Corporation, Nampak Ltd., Saint-Gobain SA, Ahlstrom, Airlite Plastics, Saudi Basic Industries Corporation, ELOPAK, Rexam, and Clondalkin Group Holdings.
Market leaders are focusing on investing in product research, particularly exploring new materials for functionality and sustainability. Adoption of environmentally friendly materials and formats and the commitment to aesthetics will remain important to market participants during the evaluation period.
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In November 2020, Greiner unveiled a range of dairy packaging made from recycled PET. TINE, a dairy producer based in Norway, has launched a sustainable packaging solution to reduce plastic consumption by 700 tonnes per year through a research initiative on fiber-based solutions. M&S has unveiled its Innovation Hub for research into plastic-free packaging materials for a variety of commodities, including dairy.
Additional Insights on Dairy Packaging Market
In a new report from Future Market Insights, readers have been provided with a comprehensive and unbiased analysis of the global Dairy Packaging market, including historical data from 2015 to 2019 and forecast data from 2020 to 2030. Type (bags and wraps, bottles, cans, cartons and boxes, cups, films and wraps, pouches, tubes, etc.), uses (milk, cheese, frozen products, yogurt, cream, butter and ghee, ice cream) , cultured products etc.), materials (glass, metal, cardboard and paper, plastics, etc.), distribution channels (e-commerce, specialty retailers, supermarkets and hypermarkets, etc.) span six major geographies.
About Future Market Insights Packaging
FMI’s Packaging Division provides in-depth historical analysis and detailed forecasts of the global packaging market. From packaging materials to designs and formats, FMI has an exhaustive market research database, providing unique offers and strategic recommendations to its clients. With a repository of more than 750 reports, the team comprehensively analyzed the packaging industry in more than 70 countries. The team evaluates every node in the value chain and provides end-to-end research and consulting services. Contact us to find out how we can help