The Milk Packaging Market size is estimated at USD 47.89 billion in 2024, and is expected to reach USD 59.96 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
The growing inclination toward eco-friendly packaging and increasing flavored milk consumption is expected to drive market growth.
The Milk Packaging Market is highly fragmented as the unorganized players directly impact the existence of local and global players in the industry. Local farms use e-commerce and can attract customers by providing convenience and flexibility. Moreover, the growth in milk production is driving the players to develop better packaging solutions, making the milk packaging market highly competitive. Some of the key players in the market are Evergreen Packaging LLC, Stanpac Inc., Elopak AS, Tetra Pak International SA, and Ball Corporation. These players constantly innovate and upgrade their product offerings to cater to the increasing market demand.
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