ID: MRFR/PNT/1501-HCR | February 2021 | Region: Global | 132 pages
Dairy Packaging Market is expected to reach USD 85.8 Billion by 2027, growing at a CAGR of 4.4% from 2020 to 2027.
Dairy packaging is the best-secured way of packing the products. This dairy packaging provides you the protection, security, information, and many more advantages. Delivering the product to the consumers in perfect condition is the main aim of the dairy packaging system. Along with this, it also provides information about product content, procedure, and ingredients information among others.
Due to their short shelf-life to dairy products, packaging plays an important role in distribution. The packaging should be done properly and effectively that prevents contamination and also becomes easy in storing and transporting. According to the requirements and convenience of consumers, the packaging industry witnessed the new packaging technologies. This packaging is specially designed to minimize the effect of variable temperature and protects from physical damage. This packaging industry is growing exponentially by increasing the demand for dairy products, processed foods, and beverages. During the forecast period (2020-2027), the dairy packaging market is expected to reach USD 85.8 Billion at a 4.4% CAGR.
The COVID-19 outbreak causes huge revenue loss due to the shutdown of the packaging industry, disruptions of supply chains, and more. Safe processing, packaging, and transport of dairy products with constant monitoring and innovation is very important in this pandemic situation. Due to the partial or full lockdowns, the raw materials needed for production and delivery of the end products are halted, attract workers from quarantines. This increases the product prices and lowered the demand for dairy packaging.
Worldwide people have become more aware of the way of food packaging. People are interested in the aseptic package which protects from light, oxygen, moisture, air, and organisms. This technology rapidly increasing the demand for dairy packaging. Owing to the rising production activities, storing and distributing, the consumption of packaging materials is increased.
The prominent key players in the dairy packaging market are the following:
One of the leading company Berry Global group acquired a subsidiary of Griffon corporation Clopay Plastic Products Company, Inc., for USD 475 million.
Due to the growing population, the packaged dairy products are available through several retail channels which increases the demand for the dairy packaging market. Moreover, most of the consumers are preferring protein-based food with secured packaging which helps the adoption of dairy products across the globe. In addition, this packaging material avoids contamination and adulteration that increases the demand for the product.
For the convenience of packing items like ice cream, butter, yogurt, milk, etc, smaller packaging and PET bottles are available which increases the popularity of dairy packaging. Different types of flavored milk products are a very important aspect to rise the market growth. For better storage and transportation, proper and effective packaging is necessary. Rising awareness regarding fresh products along with inflating disposable income and urbanization results in the increase in demand for dairy packaging. Manufacturers are focussing on capturing the share in the global dairy trade through best-in-class international export and local production capabilities which rises the demand for better dairy-based packaging solutions.
Environmental legislation like the hazardous effects of plastics and non-biodegradable materials have raises concerns for both consumers and manufacturers. To overcome this problem, biodegradable, sustainable, and green packaging is preferred which focuses on thinner materials and is recycled after use.
The rising population along with an increase in preferring protein-based products is the best opportunity to increase the demand over the dairy packaging market.
Different types of plastics are used in various applications which are hazardous to the environment. This problem should overcome by using biodegradable and sustainable packaging.
Study Objectives -
The global dairy packaging market research has been segmented based on the material, type, end-user, and region.
Based on Type
Based on the type, the global market is segmented into bottles, cans, pouches, boxes, and others. These are the different types of packaging that vary concerning the country, region, and convenience of the consumer’s product. These are packed in durable packaging for safety, easy storage, and handling and to avoid distribution damages.
Based on Material
Based on Material, the global market is segmented into glass, paper & paperboard, plastic, and others. The paperboard segment has high demand compared to others for its recyclable features. It provides extra protection to the stored product which increases the shelf life. Plastic is also used in various applications like healthcare, cosmetics, food & beverage, and others which has high demand in the market.
Based on End-user
The global market is based on the end-user segments into cheese, milk, butter, frozen products, and others. Among these, the milk packaging segment holds the largest share at a CAGR of 2.95% during the forecast period. This segment contributes nearly one-third of the global dairy packaging demand. Owing to the high content of moisture and minerals in milk, it is the most consumed dairy product around the world. So, it is challenging for vendors to store the milk for a long time. The demand for Cheese and frozen varieties of milk or milk products segments are followed after the milk segment.
Based on Region
The global market is based on the region segments into Europe, Americas, Asia-Pacific, and the Middle East & Africa. Out of these regions, the North American region holds the largest market share in the global market for the increased production and sale of dairy products like milk, cheese, yogurt, and so on.
Regional Analysis -
Based on the geography, the global dairy packaging market is segmented into the Americas, Asia-Pacific, Europe, and the Middle East & Africa. North America accounts for the largest and fastest-growing share in the market for its rise in production and sale of dairy products like milk, yogurt, and cheese. During the forecast period, the Asia-Pacific is expected to project the highest growth in the market for their increasing disposable income and population that has more demand for staple food. Developing countries like India, China, and Indonesia raise the purchasing power of customers for their high disposable income.
In May 2018, Tetra Pak International S.A. collaborated with Sahakari Bhandar and Reliance Fresh retail chains in Mumbai to launch an initiative ‘Go Green with Tetra’ to promote the recycling of cartons.
In June 2018, Ajanta Packaging in India was acquired by Huhutamaki Group for USD 15.5 million in cash. This acquisition helps him to consolidate his position in the pressure-sensitive label business.
In June 2019, Amcor acquired the Bemis Company Inc., named Amcor PLC (Amcor). This helps to strengthen Amcor’s industry-leading value proposition and generate significant value for shareholders by bringing additional scale, capabilities, and footprint.
This global dairy packaging research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market dynamics include the market drivers, restraints, challenges, and opportunities. The dairy packaging market segments are type, material, end-user, and region.
The dairy packaging market outlook is segmented into type, material,end-user, and region.
Bottles, cans, pouches, boxes, and others
Glass, paper & paperboard, plastic, and others
Cheese, milk, butter, frozen products, and others
Europe, Americas, Asia-Pacific, and the Middle East & Africa
|Market Size||2022: USD 85.8 Billion|
|CAGR||2027: Substantial CAGR|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Type, End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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), International Paper (U.S.), Sealed Air Corporation (U.S.), MeadWestvaco Corporation (West Rock) (U.S.), Mondi PLC , Nampack Plastics, Rexam PLC (U.K.), and Ardagh Group (U.K.).|
|Key Market Opportunities||Rising population with an increasing consumer preference towards protein-based products|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market can record a significant growth rate in the years ahead.
The global market for dairy packaging can attain a valuation of more than USD 85.8 Billion by 2027.
The significant vendors in the global market are Berry Plastics, Inc. (U.S.), International Paper (U.S.), Mondi PLC, Nampack Plastics, Rexam PLC (U.K.), Amcor Limited, E. I. du Pont de Nemours and Company (U.S.), Sealed Air Corporation (U.S.), Ball Corporation (U.S.), Bemis Company Inc. (U.S.), TetraPak Ltd (Switzerland), Ardagh Group (U.K.), MeadWestvaco Corporation (West Rock) (U.S.), and others.
APAC is demonstrating the fastest growth in the global market.
Cosmetics, healthcare, food & beverage, and others like plastic packaging make extensive use of dairy packaging in the market.