Global Milk Packaging Market Report and Forecast 2023-2028

Global Milk Packaging Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global milk packaging market reached a value of USD 42.54 billion in 2022. Aided by the surging emphasis on sustainable and efficient packaging, the market is projected to further grow at a CAGR of 3% between 2023 and 2028 to reach a value of USD 50.82 billion by 2028.

Milk, as a vital dietary staple across many cultures globally, necessitates safe, functional, and efficient packaging. The primary function of milk packaging is to shield the product from external agents, ensure its long shelf life, and facilitate easy transportation and storage. Over the years, milk packaging has evolved significantly, from traditional glass bottles to modern, recyclable materials, reflecting the dynamic consumer demands and technological advancements.

The milk packaging market demand is getting bolstered by the rising global population and the intrinsic health benefits associated with milk consumption, such as calcium and essential vitamins, drive the surge in milk demand. This, in turn, necessitates innovative packaging solutions that not only ensure product safety but also resonate with the modern consumer's sustainability and convenience aspirations.

In tandem with the global movement towards sustainability, eco-friendly packaging solutions are progressively gaining prominence. Packaging materials like bioplastics, which have a lower carbon footprint and are often compostable, are making their foray into the milk packaging market. Manufacturers are also exploring refill and reuse models to minimise single-use plastic waste.

The convenience factor is another pivotal driver in the milk packaging market growth. With urbanisation on the rise and hectic lifestyles becoming the norm, there's a marked preference for single-serve and easy-to-carry milk packages. Tetra packs, pouches, and PET bottles equipped with easy-open lids, spill-proof designs, and longer shelf lives are seeing increased adoption, especially in urban regions.

Modern technologies like smart packaging are also beginning to mark their contribution in the milk packaging market outlook. QR codes, NFC chips, and other interactive elements are getting integrated into milk packaging, offering consumers detailed product information, origin traceability, and even augmented reality experiences. These technological inclusions not only enhance consumer engagement but also elevate brand trust and loyalty.

Market Segmentation

The market can be divided based on product type, material type, and region.

Market Breakup by Product Type

• Cups
• Cans
• Bottles
• Pouches
• Others

Market Breakup by Material Type

• Glass
• Plastic
• Metal
• Paperboard
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global milk packaging market. Some of the major players explored in the report by Expert Market Research are as follows:

• Amcor plc
• Industrial Development Company sal
• Stanpac Inc.
• Graham Packaging Company Inc
• Crown Holdings
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.