The global yogurt packaging market is poised to grow significantly, with an anticipated market value of US$ 24.58 billion in 2023, projected to reach US$ 39.22 billion by 2033, exhibiting a robust Compound Annual Growth Rate (CAGR) of 4.7%. Notably, the market witnessed a CAGR of 3.5% during the historical period of 2018 to 2022.
This growth is propelled by the higher adoption of packaged food products, particularly among the younger demographic, which is contributing to the expansion of yogurt packaging solutions. Additionally, the prevalence of health concerns and malnutrition is expanding the role of yogurt packaging materials. The significance of effective packaging to prevent contamination and adulteration is also expected to drive product demand. Given the perishable nature of dairy products like yogurt, appropriate packaging is essential for storage and transportation. The rising preference for small packaging due to its convenience is further stimulating market growth.
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Pouches and bottles are expected to experience healthy growth compared to yogurt packaging cups, owing to the increasing consumer preference for squeezable and drinkable yogurt formats. The popularity of yogurt as a convenient, healthy snack and meal supplement is boosting the demand for yogurt packaging. The utilization of value-added packaging products like multi-compartment cups, sustainable paper cups, and on-the-go-friendly pouches with fitments is projected to fuel product demand.
Furthermore, the shift towards using stand-up pouches instead of traditional tubs for larger yogurt volumes to reduce food waste and embrace lightweight packaging is driving the adoption of yogurt packaging solutions. The increased sales of single-serving yogurt multipacks, which require more packaging than individual products, will also contribute to the growing demand for these solutions.
Growth Drivers:
- Health and Wellness Trend: Increasing consumer focus on health and wellness is driving demand for yogurt, leading to a parallel growth in yogurt packaging solutions.
- Convenience Packaging: Busy lifestyles and on-the-go consumption habits are boosting the demand for convenient and portable yogurt packaging formats, such as pouches and single-serving containers.
- Sustainable Packaging Solutions: Growing environmental consciousness is pushing the yogurt packaging market towards eco-friendly materials and sustainable packaging practices to meet consumer preferences.
- Innovative Packaging Designs: Yogurt manufacturers are investing in creative and innovative packaging designs to enhance product visibility, shelf appeal, and differentiation in a competitive market.
- Product Diversification: The introduction of new yogurt flavors and formulations is propelling the need for diverse packaging solutions, driving market growth through product innovation.
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Business Trends:
- Customization and Personalization: Brands are adopting customizable yogurt packaging to cater to individual preferences, providing consumers with a personalized and unique experience.
- E-commerce Boom: The rise of e-commerce is influencing yogurt packaging trends, with a focus on packaging that ensures product integrity during transportation and meets e-commerce packaging standards.
- Clean Label Packaging: Consumers are increasingly seeking transparency in product labeling, prompting yogurt manufacturers to adopt clean label packaging to communicate information clearly and build trust.
- Smart Packaging Integration: The incorporation of smart packaging technologies, such as QR codes and augmented reality, is a growing trend in the yogurt packaging industry to engage consumers and provide additional product information.
- Collaborations for Sustainable Practices: Businesses in the yogurt packaging sector are forming collaborations and partnerships to implement sustainable practices across the supply chain, addressing environmental concerns and meeting corporate social responsibility goals.
Key Players
- Chobani Global Holdings, LLC
- Bakoma Sp. Z O.O.
- Danone SA
- Dana Dairy Group
- Morinaga Nutritional Foods, Inc.
- Valio Ltd.
- Yofix Probiotics Ltd.
- Adelphi Group of Companies
- Tetra Laval International
- BW Packaging Systems
- Lindquist Machine Corporation
- Sealed Air Corporation
- Orion Packaging System and many more.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on yogurt packaging market segments and geographies.
Regional Analysis Includes
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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Market Segmentation:
based on the type of packaging:
- Cups
- Molding Cups
- Pouches
- Squeeze Pouches
- Stand Up Pouches
- Containers
- Tetra Paks
- Aluminum Containers
- PET Jars and Bottles
- Others
- Opaque /non-opaque Plastics Bags
- Bag in a box
based on the type of yogurt:
- Dairy
- Vegan
based on sales medium:
- B2B/Direct
- B2C/Indirect
- Hypermarket/Supermarket
- Convenience Stores
- Discount Stores
- Specialty Stores
- E-commerce, Online Retailers
- Traditional Groceries
- Others
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