Between 2022 and 2030, the dairy products packaging market is expected to exhibit a compound annual growth rate (CAGR) of 4.5%, with a projected value of US$ 43.6 billion by 2030.
Market growth in the global dairy product packaging sector has experienced volatility in recent years, attributed to sluggish expansion in global dairy production and imbalances in supply and demand. With an abundance of powdered milk inventory contributing to reduced overall profitability margins, producers exhibit hesitancy towards making fresh investments. The reasons for the surge in the market are due to its properties such as a high barrier to moisture, light & oxygen, which avoids food from getting contaminated.
North America dominates a significant share, exceeding 30%, of the global dairy products packaging market, driven by the rising popularity of items like flavored low-fat yogurt and flavored milk, particularly among the U.S. population. The region also witnesses a growing affinity for various cheese varieties, notably Italian selections such as parmesan, mozzarella, and provolone, with packaged cheese slices gaining noteworthy traction among consumers.
Closely trailing behind, Europe secures the second position in the global market, reflecting parallel trends in dairy product preferences. However, the Asia-Pacific region is poised for remarkable growth in the dairy products packaging market in the forthcoming years. This surge is attributed to the preferences of Generation Z, demonstrating a strong inclination toward dairy products, particularly focusing on cheese and paneer. The dynamic evolution of consumer tastes and preferences, notably in the Asia-Pacific region, is expected to be a driving force behind substantial growth in the dairy products packaging industry.
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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,
- Saint-Gobain S.A.,
- Saudi Basic Industries Corporation,
- Stora Enso Oyj,
- Evergreen Packaging,
- Ahlstrom,
- Rexam,
- Huhtamaki Group,
- International Paper Company,
- Consolidated Container Company LLC,
- Tetra Pak.
The Dairy Products Packaging Market Landscape
Now, let’s explore the dynamic landscape of the Dairy Products Packaging Market, which is characterized by innovation and sustainability.
Innovative Packaging Materials
The dairy industry has witnessed a shift towards eco-friendly and sustainable packaging materials. Biodegradable plastics, paper-based cartons, and reusable containers are gaining popularity as consumers become more environmentally conscious.
Advanced Printing Technologies
Printing technologies have advanced significantly, allowing for intricate designs and informative labeling. QR codes and augmented reality are being used to engage consumers and provide them with detailed product information.
Single-serve Packaging
Single-serve dairy packaging is on the rise, catering to consumers’ on-the-go lifestyles. These convenient portions are not only convenient but also reduce food waste.
Dairy Products Packaging Demand Analysis (2015 to 2021) Vs Market Outlook (2022 to 2030)
The surging global demand for aseptic packaging is the primary driving force behind the worldwide dairy products packaging market. Innovative aseptic packaging solutions play a pivotal role in extending the shelf life of various dairy products, particularly liquid dairy items.
Consumers worldwide are placing an increasingly strong emphasis on food safety and the preservation of dairy products. This growing demand for sustainable aseptic packaging solutions is leading to a notable uptick in the adoption of flexible packaging within the global dairy products packaging market. Aseptic packaging formats encompass a wide range of options, including liquid cartons, pouches, cups, bottles, jars, metal and plastic containers, as well as composite cans, among others.
The expanding presence of modern retail establishments such as supermarkets, hypermarkets, convenience stores, and discount retailers is further amplifying the use of packaging for dairy and other food products. This surge in retail presence is subsequently fueling the need for advanced dairy product packaging. The revenue generated from dairy product packaging sales is currently estimated at approximately US$ 30.3 billion, with an anticipated compound annual growth rate (CAGR) of 4.5% over the forecast period.
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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
About Future Market Insights (FMI)
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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