The global Dairy Packaging Market was estimated at USD 62.56 billion in 2019, and it is predicted to reach a value of USD 83.37 billion by 2025 at a CAGR of 4.19% during the outlook period.
Dairy products are used as an energy source and have a very short shelf life. Therefore, good and effective packaging is essential to avoid contamination and increase shelf life. Packaging provides protection, security, information and other benefits for dairy products. The main objective of dairy packaging is to increase the shelf life of products and protect them from deterioration or damage. Some of the containers used for dairy packaging are cups, cans, sachets, bottles, and cans, which are manufactured according to customer convenience and product requirements.
- In January 2019, Gaya Gold partnered with the Ardagh Group to redesign ice cream packaging in the United Arab Emirates. To achieve the desired shape, the size increased by 26% under a pressure of 40 bar, and both the lid and the bottom of the lid will be printed in gold.
- In February 2019, dairy producer Aria launched a recyclable container with renewable wooden carton for dairy products in Finland.
Market Drivers and Restraints:
With a growing awareness of a healthy lifestyle, increased dairy consumption is driving product sales. In addition, the range of dairy packaging has been expanded due to increasing health problems caused by malnutrition. Also, as the importance of packaging materials to avoid contamination increases, demand for the product is expected to be promoted. Adoption of packaged foods is relatively higher, especially in the younger generation. Dairy products are susceptible to decomposition, so proper and effective packaging is required to facilitate storage and transport. The market is supposed to expand further as demand for small packaging increases due to convenience. With concerns about food safety and quality increasing, there is an increasing demand for safe and healthy products in the dairy packaging market. The smart packaging system can enhance smart functions including detection, tracking, recording and communication. This dairy product packaging system can help improve quality and overall safety. As disposable income and urbanization expanded, awareness of fresh produce increased and preferences increased, increasing the demand for dairy packaging.
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Report is segmented as:
The dairy packaging market has witnessed the expected growth in recent years. The market is classified into materials including glass, paper and cardboard, and plastic. With the increasing use of packaging in industries such as food and beverage, healthcare and cosmetics, plastic packaging has become an integral part of its use. Furthermore, it is widely accepted due to its advantages of high price, light weight and properties known as plastic.
Market growth during the forecast period is expected with an increasing demand for packaged dairy products with increasing urbanization. In addition, the U.S. dairy packaging market, which exports the largest amount of cheese globally, is expected to attract significant attention in the coming years. In countries like Canada and the United States, local industry trends will increase as consumption of dairy products such as dairy desserts, ice cream, dairy fats, candy bars, chocolate bars, milk chocolate, and butter increases.
Key market players
Key companies include WestRock Company, Tetra Pak International S.A., Sealed Air Corporation, Nampak Ltd., Ball Corporation, Berry Global Group, Inc., Huhtamaki, Bemis Company Inc., Amcor Limited, and Mondi Group.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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