Dairy Packaging Market is Estimated to Surpass USD 44.15 Billio

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  Posted by SidAvasthi August 21, 2023 - Filed in Business - #Dairy Packaging Market  #Dairy Packaging  - 227 views
  

  The global dairy packaging market size was USD 28.90 Billion in 2021 and is expected to register a revenue CAGR of 4.8% over the forecast period, according to the latest report by Reports and Data.

  Dairy products must be packaged properly and effectively because they are perishable in order to facilitate storage and transportation. Due to its convenience, compact packaging is projected to see increased demand, which will fuel the industry even more. Recent trends show that manufacturers are increasingly concentrating on delivering products in smaller numbers. The market for flavoured milk products is growing, which is boosting the global dairy packaging market. Increased health consciousness, urbanisation, and consumption of a variety of dairy products as a result of rising demand for fresh foods as part of a balanced diet are major trends in the global dairy food packaging industry.

  On the other hand, plastics and other non-biodegradable packing materials have alarmed both consumers and manufacturers. As a result, companies are turning to environmentally friendly and biodegradable packaging choices. Manufacturers adopt eco-friendly packaging strategies that emphasise the use of lighter materials and promote recycling. Since greenhouse-gas emissions from dairy operations represent a sizeable fraction of overall emissions in some countries and any changes to associated laws could have an effect on dairy output, environmental law is also expected to impede the development of dairy products.

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  Some Key Highlights from the Report

  • The industry is divided into categories based on application, including cream, cheese, ice cream, yoghurt and cultured goods, milk, butter, and others. The milk segment has the biggest global share of all of these segments. Milk has always been a staple of diets all across the world. It also includes important nutrients including Vitamin D, calcium, potassium, and B vitamins in addition to a sizeable amount of protein. Numerous studies have also demonstrated that consuming dairy products, such as milk, can help reduce osteoporosis and bone fractures.
  • The Asia-Pacific area is anticipated to have the highest revenue share among all regions because of its significant milk consumption and production. More than half of the global dairy trade is concentrated in Asia-Pacific. The main forces behind market demand are expanding technological advancements and a rising inclination for healthy meals.
  • North America accounted for a sizable portion of the global market in 2020. The main factors influencing the expansion of this sector in this area are the rising demand for dairy substitutes including almond, coconut, and soy milk as well as the acceptance of flavor-infused milk.
  • By 2025, all Australian Dairy packaging should be reusable, recyclable, or compostable, according to the Australian Packaging Covenant Organization's (APCO) recently released Australian Dairy Sustainable Packaging Roadmap.
  • Companies profiled in the market report include Bihai, Weyerhaeuser, Xinju Feng Pack, Jielong Yongfa, International Paper, Skylong, Ecolean, Coesia IPI, Serac, Teta Laval, SIG Combibloc, Elopak, Amcor, Greatview, Qingdao Likang Packing, Stora Enso, Nippon Paper Group.
  • For the purpose of this report, Reports and Data has segmented the global dairy packaging industry into Type Outlook, Application Outlook, Regional Outlook:

   

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  Type Outlook (Revenue, USD Billion; 2019-2030)

  • Bottles
  • Pouches
  • Cups
  • Cans
  • Carton & Boxes

  Application Outlook (Revenue, USD Billion; 2019-2030)

  • Yogurt and cultured product
  • Milk
  • Butter
  • Cheese
  • Cream
  • Ice Cream
  • Others

  Application Outlook (Revenue, USD Billion; 2019-2030)

  • Residential
  • Commercial

  End-use Outlook (Revenue, USD Billion; 2019-2030)

  • Building & Construction
  • Automotive & Transportation
  • Electrical & Electronics
  • Others

  Regional Outlook (Revenue, USD Billion; 2019-2030)

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Rest of LATAM
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

   

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