Dairy Packaging Market Likely to Advance at CAGR

The global dairy packaging market is expected to grow at a CAGR of 4.5% between 2022 and 2030, to reach US$43.6 billion by 2030.

In its latest report, Future Market Insights has estimated steady growth in the dairy packaging market for the assessment period between the years 2022 and 2030. Widespread consumption of milk globally, applications of dairy products in the food and beverage sector, and strict food safety regulations are driving growth.

The growing awareness of the importance of packaging in the dairy industry to minimize the risk of adulteration and contamination is a key driver. Additionally, the requirements and roles of logistics and transportation in increasing shelf life positively influence growth prospects.

The demand for smaller-portion packaging options, coupled with higher disposable incomes and higher living standards, has driven demand significantly. The search for environmentally friendly packaging solutions should benefit the industry in the long term.

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Key points of the Dairy Products Packaging market report

Flexible packaging formats are expected to show rapid growth thanks to the logistical advantages brought to dairy producers, especially in developing economies.
Paper and board materials are likely to reflect high demand with applications in Tetra Pak formats and printing substrate advantages.
Milk packaging will remain the biggest contributor to industry revenue, due to higher consumption by a health-conscious consumer base.
North America is the top market, aided by a massive milk producing sector and strong consumption of cheese, yogurt and flavored dairy products.

Covid-19 impact analysis

The covid-19 pandemic has had a negative effect on the global dairy packaging market. Widespread lockdown restrictions have harmed dairy industry supply chains, leading to large-scale waste of dairy resources in many parts of the world. This in turn hurt short-term demand for packaging.

Additionally, the restaurant industry has faced severe restrictions, reducing the demand for dairy products, consequently affecting the dairy packaging industry. Additionally, demand for dairy-based desserts, yogurts and ice cream has fallen sharply during the pandemic, limiting packaging supply chains. The market recovery will be gradual as concerns about the economic ramifications of the pandemic remain uncertain.

Who wins?

Key players in the dairy packaging market include but are not limited to Mondi Group, WestRock Company, CKS Packaging, Sealed Air Corporation, Nampak Ltd., Saint-Gobain SA, Ahlstrom, Airlite Plastics, Saudi Basic Industries Corporation, ELOPAK, Rexam, and Clondalkin Group Holdings.

Market leaders largely focus on investments in product research, especially in exploring new materials with a focus on functionality and durability. The adoption of environmentally friendly materials and formats and efforts towards aesthetics will remain important for market players throughout the evaluation period.

In November 2020, Greiner unveiled its line of recycled PET dairy packaging. Norwegian dairy producer TINE has launched sustainable packaging solutions to reduce annual plastic consumption by 700 tonnes, with a fiber-based solutions research initiative. M&S unveiled its innovation hub for research into plastic-free packaging materials, for various products, including dairy products.

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Additional insights into the dairy product packaging market

In a new report from Future Market Insights, readers are provided with a comprehensive and unbiased analysis of the global dairy packaging market, including historical data for the years 2015 to 2019 and forecast data between 2020 and 2030.

Information has been provided on the basis of type (bags and wraps, bottles, cans, cartons and boxes, cups, films and wraps, sachets, tubes and others), application (milk, cheese, frozen foods, yogurt, cream, butter and ghee, ice cream, cultured products, and others), materials (glass, metal, cardboard & paper, plastic, and others) and distribution channels (e-commerce, specialist retailers, supermarkets & hypermarkets, and others) to across six key regions.

Key Segments Covered by Dairy Packaging Industry Research

By type:

Bags and envelopes
Cartons & Boxes
Films and films

Per application:

frozen products
Butter and ghee
Ice cream
Cultivated products

By Material:

Cardboard & Paper

By distribution channel:

Specialized retailers
Supermarkets & Hypermarkets

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About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

This press release was published on openPR.

About Thomas B. Countryman

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