Dairy Packaging Market Forecasts to 2028 – Global Analysis By Raw Material (Metal, Plastic, Paper and Paperboard and Glass), Product (Flexible and Rigid), Package Type, Application and By Geography

Dairy Packaging Market Forecasts to 2028 – Global Analysis By Raw Material (Metal, Plastic, Paper and Paperboard and Glass), Product (Flexible and Rigid), Package Type, Application and By Geography

According to Stratistics MRC, the Global Dairy Packaging Market is accounted for $23.4 billion in 2022 and is expected to reach $37.3 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Dairy products have an extremely short shelf life and are used as a source of energy. Therefore, proper packaging is essential to protect products from contamination and lengthen their shelf lives. New technologies for packaging materials that can shield dairy products from contamination are being developed by suppliers in the worldwide dairy packaging market. Cups, cans, sachets, bottles, and tubs are a few examples of the packaging materials used for dairy goods. These items are manufactured to suit the needs of the consumer and the specifications of the products.

According to the Harvard Business Review, 2% of the milk produced in the U.S. gets rotten on supermarket shelves before it is purchased. According to research, 58% of Gen Zs, 61% of millennials, 55% of Gen Xs, and 46% of Baby Boomers stated they would pay more for environmentally friendly or sustainable products.

Market Dynamics:

Driver:

Increasing demand from growing population

Dairy products are a staple in meals since they are a crucial component of a balanced diet. Increasing health and fitness consciousness has resulted in a demand for protein-rich dairy products, which is projected to drive market expansion. The increasing availability of packaged dairy products through various retailing channels is expected to increase the market growth.

Restraint:

Strict packaging regulations

Plastic is used in the packaging of dairy products, which raises serious environmental issues with regard to waste management. Governments all over the world are enacting laws to limit the usage of plastics in packaging in an effort to prevent hazardous waste and lower trash volume. Strict regulations and necessary compliance are expected to limit the market growth.

Opportunity:

Adoption of packaged food products

Adoption of packaged food products with rising health issues owing to malnutrition has increased the market growth. The demand from consumers for packaged dairy products and the ongoing increase in milk production both contribute to the market expansion. Moreover, the rising importance of packaging material to avoid contamination is anticipated to drive the market growth.

Threat:

Hazardous effects of plastics

The hazardous effects of plastics and other non-biodegradable packaging materials have raised concerns among consumers as well as manufacturers. Environmental legislation like the hazardous effects of plastics and non-biodegradable materials have raises concerns for both consumers and manufacturers are the aspects hampering the growth.

Covid-19 Impact

The Covid-19 pandemic has had adverse effect on the 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. Also, the foodservice 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 flexible segment is expected to be the largest during the forecast period

The flexible segment is estimated to have a lucrative growth, due to the ability of the product to offer thinner, lighter, and compact packing. The shift in demand from rigid to flexible packing solutions is expected to boost the segment growth. Technological innovations in product development and increasing trend of smaller package sizes are expected to fuel the segment growth.

The milk segment is expected to have the highest CAGR during the forecast period

The milk segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increasing consumption of milk and milk-based drinks. Consumers prefer milk in natural form owing to its key nutritional contribution to the diet. Milk is a major source of calcium which is the major factor fueling the segment growth.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing disposable incomes and population. Consumer dependence on processed, pre-cooked, and packed foods is likely to increase. Furthermore, the increased standard of living, ageing population leads to the increased popularity of these markets.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to increased production and sale of dairy products. Rising consumer preference for convenience foods such as pizza, macaroni and cheese, and packaged cheese slices is expected to boost the regional demand for dairy packaging.

Key players in the market

Some of the key players profiled in the Dairy Packaging Market include Nippon paper industries co., ltd., Sealed Air Corporation, Amcor plc, Huhtamaki Group, Consolidated Container Company LLC, Berry Global Group, Inc., Saudi Basic Industries Corporation, Ball Corporation, Greiner Packaging international GmbH, International Paper Company, Winpak Ltd., Tetrapak Ltd, Clondalkin Group Holdings, Mondi Group, Airlite Plastics, Evergreen Packaging, Nampak Ltd, WestRock Company, Bemis Company Inc and CKS Packaging.

Key Developments:

In June 2021, Huhtamaki a global food packaging giant announced the complete acquisition of Jiangsu Hihio-Art Packaging Co. Ltd. which will aid Huhtamaki to strengthen its position in the Asian market and propel sales of packaging solutions such as folding cartons, bags, paper wraps, etc.

In January 2021, Ball Corporation announced the plans to build a new facility in Bowling Green, Kentucky, to produce and manufacture new aluminum packaging products. This facility will help to produce lightweight, and recyclable aluminum ends for various customers.

Raw Materials Covered:
• Metal
• Plastic
• Paper and Paperboard
• Glass

Products Covered:
• Flexible
• Rigid

Package Types Covered:
• Pouches
• Cartons and Boxes
• Bottles
• Bags and Wraps

Applications Covered:
• Milk
• Ice-cream
• Cheese
• Butter and ghee
• Frozen Foods
• Cream
• Yogurt
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements