The global dairy products packaging market is likely to progress at a CAGR of 4.5% between 2022 and 2030, reaching US$ 43.6 Bn by the year 2030.
Demand for smaller-portion packaging options coupled with higher disposable incomes and standards of living have significantly bolstered demand. Research into eco-friendly packaging solutions are likely to benefit the industry in the long-term.
The global dairy product packaging market has seen a volatile market growth during the last few years due to sluggish growth on the part of global dairy production and unbalanced supply & demand
In its latest report, Future Market Insights has estimated steady growth in the dairy product packaging market for the period of assessment between the years 2022 and 2030. Widespread milk consumption on a global scale, applications of dairy products in the food and beverage sector, and strict food safety regulations are aiding growth.
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The growing awareness about the importance of packaging in the dairy industry to minimize the risk of adulteration and contamination is a key driver. Also, logistics and transport requirements and roles in boosting shelf-life is positively influencing growth prospects.
Competitive Landscape
The leading players in dairy products packaging market are harping on innovation of products to keep the interest of consumers going.
Stanpac Inc. has unleashed bio-based polyethylene resin coating (sourced from sugarcane) as a barrier to moisture and vapour constituting recycled fiber in huge concentration.
Key Companies Profiled
Mondi Group
WestRock Company
Bemis Company Inc.
CKS Packaging
Sealed Air Corporation
Barry-Wehmiller Companies
Nampak Ltd.
Airlite Plastics
ELOPAK
CLONDALKIN Group Holdings
Key Takeaways of the Dairy Products Packaging Market Report
Flexible packaging formats are expected to display fast growth on the back of logistics benefits provided to dairy producers, particularly in developing economies.
Paper and paperboard materials are likely to reflect high demand with applications in Tetra Pak formats and benefits of printing substrate.
Packaging for milk will remain the key revenue contributor in the industry, owing to higher consumption by a health-conscious consumer base.
North America is a the leading market aided by a massive milk production sector, and high consumption of cheese, yogurt, and flavored milk products.
“Dairy packaging has transitioned from glass bottles to polyethylene pouches, paper cartons, and tins, to tetra packs and aluminum cans.
The growing demand and distribution of dairy products through organized and robust retail supply chain channels has also bolstered the demand for dairy product packaging on a global scale,” says an FMI analyst.
Category-wise Insights
The global market for dairy products packaging is segmented on the basis of product type, material type, and application. On the basis of product type, the global market for dairy product packaging market is categorised into liquid cartons, bottles & jars, pouches, cans & jerry cans, cups & tubs, folding cartons, films & wraps, and others.
Liquid cartons account for the largest market share. On the basis of material type, the global dairy products packaging market is segmented into plastic, paper and paperboard, glass, and metal. The plastic segment is further sub-segmented into polyethylene (PE), polypropylene (PP), polyamide (PA), polyethylene terephthalate (PET) and others such as ethyl vinyl alcohol (EVOH).
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Key Segments Covered in Dairy Products Packaging Industry Research
By Type :
Bags and Wraps
Bottles
Cans
Cartons & Boxes
Cups
Films & Wraps
Pouches
Tubes
Others
By Application :
Milk
Cheese
Frozen Products
Yogurt
Cream
Butter and Ghee
Ice-cream
Cultured Products
Others
By Material :
Glass
Metal
Paperboard & Paper
Plastic
Others
By Distribution Channel :
E-Commerce
Specialty Retailers
Supermarkets & Hypermarkets
Others
[06-01 15:34] Shilpa Banerjee
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[06-01 15:35] Shilpa Banerjee
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