The global cheese packaging market is on track for significant growth, with a projected valuation of USD 3,706.5 million by 2024 and expected to reach USD 5,577.9 million by 2034. According to industry forecasts, the market will experience a steady compound annual growth rate (CAGR) of 4.2% over the next decade.
In 2023, the cheese packaging market generated USD 3,519.4 million in revenue, and it is anticipated to exhibit a year-on-year growth of 5% in 2024.
Boxes are forecasted to grow at a rate of 4.5% over the assessment period, gaining popularity due to their sturdy, protective outer layer that shields cheese from external elements during storage and transport. In addition, trays and flow wrap are gaining traction as preferred formats for cheese packaging, offering an optimal solution for preserving freshness while ensuring product safety. Their convenience and portability are further boosting demand.
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Among distribution channels, eCommerce is expected to capture a 26.4% share of the cheese packaging market by 2034, reflecting its increasing penetration, accessibility, and convenience. Consumers are drawn to the wide variety of choices available through online platforms, enabling easier brand and product selection.
The flourishing retail sector is also poised for substantial growth, anticipated to contribute USD 519.6 million by 2034. The rise of hypermarkets, supermarkets, and convenience stores is fueling retail expansion, further driving the demand for cheese packaging solutions.
Key Takeaways: Cheese Packaging Market
- The global market experienced a CAGR of 3.6% during the period from 2019 to 2023.
- The United States holds a significant share in North America and is projected to reach USD 924.8 million by 2034.
- The United Kingdom is expected to generate USD 174.1 million in revenue, with an annual growth rate of 2.8% by the assessment year.
- India is anticipated to capture a 38.6% value share, contributing an incremental opportunity of USD 86.8 million by the forecast year.
- Among packaging formats, containers are projected to hold an 18.5% market share, creating an incremental dollar opportunity of USD 379.3 million by 2034.
Competitive Landscape
The cheese packaging industry is evolving as a result of technological advancements and automation, which improves efficiency and accuracy. Another growing trend is smart packaging that includes freshness indicators and QR codes for traceability.
These technologies not only improve the customer experience, but they also provide producers with information into supply chain management and loss prevention. Sustainable materials and packaging are gaining popularity as consumers and regulators seek environmentally friendly products.
Key players in cheese packaging are constantly innovating to stay ahead of the competition by offering unique solutions that keep products fresh and high-quality. The market’s dynamic nature requires firms to continuously innovate and improve their offerings.
Key Players of Cheese Packaging Manufacturers
- Amcor plc
- Adapa Group
- WINPAK LTD
- Constantia Flexibles Group Gmbh
- Berry Global Inc
- Mondi plc
- Sonoco Products Company
- Schur Flexibles Holding GesmbH
- Sealed Air Corp
- Stora Enso Oyj
- ProAmpac LLC
- Kendall Packaging Corporation
- SKOPOS SA
- Lactalis International
- Fonterra Co-operative Group
Recent Industry Developments in the Cheese Packaging Market
- In April 2024, Amcor announced the expansion of its printing and converting capabilities in North America for the dairy market to support customer needs for flexible packaging.
- In April 2023, Stora Enso Oyj introduced Trayforma BarrPeel, which is a sustainable barrier-coated paperboard material for pressed trays for fresh food like cheese. They also reduce the 10% plastic in the trays.
- In November 2023, Mondi plc announced the collaboration with Skånemejerier to develop cheese packaging. The company created a mono-material polypropylene-based packaging for ICA’s Hushållsost cheese.
Key Segments of Cheese Packaging Market
By Packaging Format:
The industry is segregated into boxes, cups, pouches, trays and flow wraps, containers, lids and foils, and others.
By Material:
In terms of material, the industry is divided into plastic, glass, paper, and aluminum. Plastic is further segmented as polyethylene terephthalate (PET), polypropylene (PP), polyethylene (PE), ethylene vinyl alcohol (EVOH), polyamide, and others.
By Distribution Channel:
Few of the important distribution channels include e-commerce, retail stores, convenience stores, hypermarkets, supermarkets, and others.
By Region:
Key countries of North America, Latin America, South Asia, East Asia, Europe, Oceania, and the Middle East and Africa are covered.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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