The global dairy products packaging market size is likely to progress at a CAGR of 4.5% between 2022 and 2030, reaching US$ 43.6 Bn by the year 2030.
In its latest report, Future Market Insights has estimated steady growth in the dairy product packaging market for the period of assessment between the years 2022 and 2030. Widespread milk consumption on a global scale, applications of dairy products in the food and beverage sector, and strict food safety regulations are aiding growth.
The growing awareness about the importance of packaging in the dairy industry to minimize the risk of adulteration and contamination is a key driver. Also, logistics and transport requirements and roles in boosting shelf-life is positively influencing growth prospects.
Demand for smaller-portion packaging options coupled with higher disposable incomes and standards of living have significantly bolstered demand. Research into eco-friendly packaging solutions are likely to benefit the industry in the long-term.
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Key Takeaways of the Dairy Products Packaging Market Report
- Flexible packaging formats are expected to display fast growth on the back of logistics benefits provided to dairy producers, particularly in developing economies.
- Paper and paperboard materials are likely to reflect high demand with applications in Tetra Pak formats and benefits of printing substrate.
- Packaging for milk will remain the key revenue contributor in the industry, owing to higher consumption by a health-conscious consumer base.
- North America is a the leading market aided by a massive milk production sector, and high consumption of cheese, yogurt, and flavored milk products.
Covid-19 Impact Analysis
The covid-19 pandemic has had adverse effect on the global dairy product packaging market. Widespread lockdown restrictions have hurt supply chains in the dairy industry, which has resulted in large-scale wastage of milk resources in many parts of the world. This in turn has hurt short-term demand for packaging.
Also, the food service industry has faced severe restrictions, cutting into the demand for dairy products, consequently affecting the dairy product packaging industry. Furthermore, the demand for dairy-based desserts, yogurt, and ice-cream has fallen sharply during the pandemic, limiting packaging supply chains. The recovery of the market will be gradual as concerns over the economic ramifications of the pandemic remain uncertain.
Who is Winning?
Leading players in the dairy product packaging market include but are not limited to Mondi Group, WestRock Company, CKS Packaging, Sealed Air Corporation, Nampak Ltd., Saint-Gobain S.A., Ahlstrom, Airlite Plastics, Saudi Basic Industries Corporation, ELOPAK, Rexam, and Clondalkin Group Holdings.
Market leaders are largely focused on investments into product research, especially in exploring the new materials with objective of functionality, and sustainability. Adoption of eco-friendly materials and formats, and efforts towards aesthetics will remain important for market players through the assessment period.
In November 2020, Greiner unveiled its range of packaging for dairy products made from recycled PET. Norway-based dairy producer TINE has launched sustainable packaging solutions to cut annual plastic consumption by 700 tons, with a research initiative on fiber-based solutions. M&S has unveiled its Innovation Hub to research on plastic-free packaging materials, for varied commodities including dairy products.
Further Insights on the Dairy Products Packaging Market
In a new report by Future Market Insights, readers are provided with a comprehensive, and unbiased analysis of the global dairy products packaging market, including historical data for the years 2015 - 2019 and forecast data between 2020 and 2030.
Information has been provided on the basis of type (bags & wraps, bottles, cans, cartons & boxes, cups, films & wraps, pouches, tubes, and others), application (milk, cheese, frozen products, yogurt, cream, butter and ghee, ice-cream, cultured products, and others), material (glass, metal, paperboard & paper, plastic, and others), and distribution channels (e-commerce, specialty retailers, supermarkets & hypermarkets, and others) across six key regions.
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Key Segments Covered in Dairy Products Packaging Industry Research
- Bags and Wraps
- Cartons & Boxes
- Films & Wraps
- Frozen Products
- Butter and Ghee
- Cultured Products
- Paperboard & Paper
By Distribution Channel:
- Specialty Retailers
- Supermarkets & Hypermarkets
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Related Report :
FMCG Packaging Market Outlook: The global FMCG packaging market is expected to reach US$ 418.8 Bn in 2022, with sales growing at a CAGR of 5.7% through 2032
Packaging Tapes Market Size: The demand for packaging tapes is gaining traction on the backdrop of colossal growth from the packaging industry
Packaging Bins Market Trends: Global sales of packaging bins stood at around US$ 1.9 Bn in 2021 and is slated to increase at a CAGR of 4.4% to reach a valuation of US$ 3.0 Bn by 2032
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