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.
Global dairy industry follows seasonality and cyclicity. Dairy product packaging across the globe is majorly divided into seven types of products or packaging formats named liquid cartons, bottles & jars, pouches, cans & jerry cans, cups & tubs, folding cartons, films & wraps, and the other packaging formats.
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.
Flavored Milk and Yogurt to lead from the front
Milk packaging is expected to lead due to rising consumption of milk-based drinks like protein shake, hot chocolate, coffee, and tea. It’s a known fact that milk is rich in calcium, and hence good for bones. Coming to yogurt, the flavoured version is in great demand due to the texture, taste, and aromas associated with it. These flavors include chocolate, mint, coffee, vanilla, and likewise.
Plastic: The Present, Paperboard: The Future
Plastic had been the most preferred raw material for dairy products packaging till recently. As of now 30 diverse kinds of plastics are being made use of for packaging. However, looking at hazards to the environment, the key players are resorting to recyclable plastic packaging. Along these lines, Lett (a Brazil-based brand), in April 2019, did adopt one-liter PET bottles for its Lettico A2 (fermented milk product brand). Thus, diversion from HPDE bottles did happened.
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
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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 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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