Expected to advance at a Compound Annual Growth Rate (CAGR) of 4.5% from 2022 to 2030, the global dairy products packaging market is projected to attain a substantial valuation of US$ 43.6 billion by 2030. This growth trajectory signifies a steady and significant expansion in the demand for packaging solutions within the dairy industry. The periodical rise in consumer preference for packaged dairy products, coupled with advancements in packaging technologies, is expected to contribute to the market’s upward trend. The projected value by 2030 underlines the integral role packaging plays in preserving and delivering dairy products to consumers worldwide.
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.
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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Market Drivers:
- Consumer Convenience: Packaging plays a crucial role in providing convenient and user-friendly solutions for consumers. Packaging innovations such as resealable pouches, single-serving packages, and easy-to-open containers contribute to consumer convenience.
- Product Protection and Shelf Life Extension: Effective packaging helps in protecting dairy products from external factors such as light, air, and moisture, which can degrade product quality. Extended shelf life is a key consideration for both consumers and manufacturers.
- Brand Differentiation: Packaging serves as a powerful tool for brand differentiation. Eye-catching and innovative packaging designs can help dairy product manufacturers stand out on store shelves and attract consumers.
- Regulatory Compliance: Stringent regulations and standards related to food safety and labeling drive the demand for packaging solutions that comply with these requirements. Packaging that ensures product integrity and traceability is essential in the dairy industry.
- Sustainability: Growing awareness and concern for environmental issues have led to an increased demand for sustainable and eco-friendly packaging solutions. Companies are exploring options like recyclable materials and reduced packaging waste.
Market Restraints:
- Cost of Packaging Materials: High-quality packaging materials can be expensive, impacting the overall production cost of dairy products. Balancing the need for quality packaging with cost considerations is a challenge for manufacturers.
- Environmental Concerns: While sustainability is a driver, there can be challenges in finding cost-effective and truly sustainable packaging solutions. Additionally, the disposal of packaging waste remains a concern for environmentalists.
- Technological Challenges: Incorporating new and innovative packaging technologies can be challenging and costly. Some manufacturers may face obstacles in adopting the latest packaging trends due to technological limitations.
- Supply Chain Disruptions: Global events, such as the COVID-19 pandemic, can disrupt supply chains and affect the availability of packaging materials. This uncertainty in the supply chain can pose challenges for the dairy products packaging market.
- Changing Consumer Preferences: Rapid changes in consumer preferences and demands for new types of packaging can pose a challenge for manufacturers who need to adapt quickly to meet these evolving needs.
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.
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Key Segmentations:
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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