Summary
Global Packaging of Dairy Products Market Information: By Material (Glass, Paper & Paperboard, Plastic, and Others), Type (Bottles, Cans, Pouches, Boxes and Others), End-Use (Milk, Cheese, Butter, Frozen Products and Others), and Region – Forecast Till 2023
Synopsis of Packaging of Dairy Products Market
Packaging provides protection, information, security, and other benefits. The main purpose of packaging is to provide products to the consumers in perfect condition. At the same time, it also provides information about product content, procedure, and ingredients information among others. Packaging plays an important role in the distribution of dairy products due to their short shelf-life . Proper and effective packaging prevents contamination as well as it is helpful in storage and transportation.
The Packaging of Dairy Products industry has witnessed new packaging technologies as per the requirements and convenience of the consumers, According to MRFR analysis Packaging of Dairy Products market reached a value of over USD 25 billion in the forecasted period.
Increasing disposable income, and rising consumer preference towards dairy product are the major factors driving the global Packaging of Dairy Products market. Recent trend shows that manufacturers are focusing on offering the products in smaller quantities. Different types of flavoured milk products in the market are playing an important role in the growth of the global milk packaging market. Growing awareness about health, increasing urbanization, consumption of various dairy products resulting from rising demand for fresh foods as part of a healthy diet are major trends of the global dairy food packaging market.
Key Players
Some of the key players in the global Packaging of Dairy Products market report include Amcor Limited , E. I. du Pont de Nemours and Company (U.S.), Ball Corporation (U.S.), Bemis Company Inc. (U.S.), Berry Plastics, Inc. (U.S.), TetraPak Ltd (Switzerland), International Paper (U.S.), Sealed Air Corporation (U.S.), MeadWestvaco Corporation (West Rock) (U.S.), Mondi PLC , Nampack Plastics, Rexam PLC (U.K.), and Ardagh Group (U.K.).
Packaging of Dairy Products Market Segmentation
The global Packaging of Dairy Products Market is segmented based on material, type, end-use, and geography. On the basis of the material, it is classified into glass, paper & paperboard, plastic, and others. By the type, it is divided into bottles, cans, pouches, boxes, and others. The end-user segment includes milk, cheese, butter, frozen products, and others. Based on the geography, the global market segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Packaging of Dairy Products market has witnessed a prospective growth over the last few years. As per the MRFR analysis, the market is likely to retain the similar growth rate during the forecast period. In the report, the market is catogorized into the material which includes glass, paper & paperboard, plastics, and others.
Increasing usage of packaging across industries such as food & beverage, healthcare, cosmetics, and others, plastic packaging has become an essential part of usage. Moreover, owing to well-known properties such as high-cost benefits, lightweight nature, and plastic is widely accepted. Additionally, rising need for increased shelf life and consumer preferences towards convenient packing solutions, plastic packaging growing positively.
Regional Analysis
Americas is the largest & fastest growing market for Packaging of Dairy Products, followed by Europe & Asia Pacific due to increased demand for produce dairy products in all the forms in the region. Moreover, Asia Pacific is showing the fastest growth in the global Packaging of Dairy Products market and is anticipated to project the highest growth during the forecast period. Increasing disposable incomes and population, which fuels the demand for staple food in the region. Furthermore, the increased standard of living, ageing population leads the increased popularity of these market further. Moreover, higher disposable income in developing countries such as India, China, and Indonesia increases the purchasing power of customers. Hence, consumer dependence on processed, pre-cooked, and packed foods is likely to increase.
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