Dairy Packaging Market Overview | Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2020 – 2027
Market Overview
In its research report, Market
Research Future (MRFR), emphasizes that over the review period, the global
market 2020 is poised to grow exponentially, securing a substantial market
valuation and a healthy CAGR.
Drivers
and restraints
Because of their short shelf
life, packaging plays an important role in the distribution of dairy products.
Proper and efficient packaging both avoids contamination and is useful for
storage and transport. The Dairy Packaging Overview has seen
new packaging innovations according to the consumer's requirements and
convenience. The increasing availability of packaged dairy products across
various retail channels due to the rising population with a growing customer
demand for protein-based products are some of the factors that lead to the
worldwide adoption of dairy-based packaging. Increasing popularity of smaller
multipacks and growing customer preference for yoghurt, ice cream, butter and
others that are raising packaging demands. In addition, manufacturers
concentrate on gaining a substantial share of the global market by offering the
best-in-class foreign export and local manufacturing capabilities. However,
environmental regulation is expected to hamper dairy product development due to
greenhouse gas emissions from dairy activities account for a large portion of
total emissions in some countries, and any changes in related policies may
impact dairy production. The major factors fueling the global dairy packaging
market are rising disposable income and rising customer preference for dairy
product. Latest trend shows manufacturers are concentrating on selling limited
quantities of the goods. On the market, various types of flavoured milk
products play an significant role in the development of the global market for
milk packagingGrowing use of packaging through industries such as food &
beverage, healthcare, cosmetics and so on, plastic packaging has become an
integral part of usage. In addition, it is generally recognized thanks to
well-known properties such as high-cost advantages, lightweight design and
rubber. In addition, the need for increased shelf-life and consumer preferences
towards convenient packaging solutions is increasing, with plastic packaging
growing positively. Raising consciousness of safety, rising urbanization,
consumption of various dairy products resulting from increased demand for fresh
foods as part of a balanced diet are major trends in the global market for dairy
food packaging.
Segmental
Analysis
The global Dairy
Milk Packaging market overview is segmented based on type, material,
end-use, and geography. On the basis of the material, it is classified into
glass, paper & paperboard, plastic, and others. By the type, it is divided
into bottles, pouches, cans, boxes, and others. The end-user segment includes
cheese, milk, frozen products, butter, and others.
Regional
Analysis
The global business regional analysis
was conducted in four major regions including Asia Pacific, North America,
Europe and the rest of the world.
Americas is the largest &
fastest-growing dairy packaging market, followed by Europe & Asia Pacific
due to increased demand for dairy products in all the region's forms. In
addition, Asia Pacific shows the fastest growth on the global dairy packaging
market and is predicted to project the highest growth over the forecast period.
Rising disposable incomes and population boosting the region's demand for
staple food. In addition, the growing standard of living and aging population
further adds to the increasing growth of these markets. In addition, higher
disposable income raises the buying power of consumers in developing countries
such as India, China and Indonesia. Consumer reliance on frozen, precooked, and
packaged foods is therefore likely to increase.
Competitive
research
MRFR describes the major market
players operating on the global market Amcor Limited , E. I. du Pont de
Nemours and Company (U.S.), Ball Corporation (U.S.), Bemis Company Inc. (U.S.),
Berry Plastics, Inc. (U.S.), TetraPak Ltd (Switzerland), Sealed Air
Corporation (U.S.), MeadWestvaco Corporation (West Rock) (U.S.), International
Paper (U.S.), Mondi PLC , Nampack Plastics, Rexam PLC (U.K.), and Ardagh Group
(U.K.).
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