Milk Packaging Market Forecasts to 2028 – Global Analysis By Product (Bottles, Cups, Pouches, Cans, Others products), Material (Paperboard, Plastic, Glass, Metal, Others materials), Application, and By Geography

Milk Packaging Market Forecasts to 2028 – Global Analysis By Product (Bottles, Cups, Pouches, Cans, Others products), Material (Paperboard, Plastic, Glass, Metal, Others materials), Application, and By GeographyAccording to Stratistics MRC, the Global Milk Packaging Market is accounted for $45,467 million in 2022 and is expected to reach $66,718 million by 2028 growing at a CAGR of 6.6% during the forecast period. Milk is packaged in a number of different container formats, including bottles, cans, and pouches. The most popular dairy product worldwide is milk. It is quite difficult for vendors to keep milk for a long time because to the high moisture and mineral content. A sizable demand for milk packaging has been generated by the trend of on-the-go consumption, the ease of the easy pour, attractive packaging quality, and health consciousness demonstrated by the popularity of drinkable dairy-like, soy-based, and sour milk. Additionally, during the projected period, a rise in demand for single-serve milk packs is anticipated to boost market expansion for milk packaging globally. As a result, the demand for milk and milk products is rising, and the number of elderly people is rising as well. Additionally, rising consumer demand for packaged milk as a result of increased knowledge of the nutritious value of packaged milk drives the market's expansion.

According to FAO, global milk production is projected to grow by 177 million metric tons by 2025. Increasing consumer preference to gain proteins from dairy products rather than cereal sources due to changing lifestyles and rapid urbanization is expected to drive the demand for products, like milk, over the forecast period. Such trends are further expected to influence the milk packaging market. According to Food and Agriculture Organization of the United Nations, Global milk production reached nearly 906 million tonnes in 2020, up 2.0 percent from 2019. In Asia, milk output rose to 379 million tonnes in 2020, up 2.6 percent year-on-year, principally driven by increases mainly in India, China, Pakistan and Turkey

Market Dynamics:

Driver:

Growing Urbanization and Increase in Health-Conscious Consumers

Over the past few decades, a rising number of people have moved to urban regions in quest of employment. Due to increased prospects for a living and a dearth of suitable jobs in rural areas, countries have seen a rapid increase in the urban population. Urban residents are more likely to choose to consume packaged milk than rural residents. In addition, people are aware of the advantages of packaged milk, which can contribute to better bone and dental health. Over the course of the forecast period, these factors are predicted to increase demand for packaged milk and propel market expansion.

Restraint:

Fluctuation in the prices of raw materials

The rising price volatility of materials like plastic and paper, as well as worries that the manufacture of dairy products contributes to greenhouse gas emissions that could result in regulatory obstacles, could impede the growth of the worldwide milk packaging industry. Over the forecast period, all of these elements are expected to significantly impede market growth.

Opportunity:

Increasing demand for milk and its products

The primary driver of the market's expansion is the rising demand for milk in products like ice cream, cheese, butter, curd, and others. One of the main driving forces behind the rise in demand for milk packaging products is the fact that milk products are typically high-demand, fast-moving consumer commodities. The market is also benefited by the growing number of people who are concerned about their health, as most consumers steer clear of unpackaged and uncertified milk products.

Threat:

Lack toes in toddler ant

The progression of toddler ants' lack of toes that is their incapability to eat dairy lowers the use of milk products and other dairy products in the middle of the world's population. Consequently provide as a threat that put a stop to market development.

Covid-19 Impact

The disease has spread to practically every country in the world since the COVID-19 viral outbreak in December 2019, and the World Health Organization has declared it a public health emergency. The milk packaging market will be considerably impacted by the global effects of the corona virus illness. Flight cancellations, travel bans, and quarantines, restaurant closures, restrictions on all indoor and outdoor events, the declaration of states of emergency in more than 40 countries, a significant slowdown in the supply chain, stock market volatility, a decline in business confidence, rising public panic, and uncertainty about the future are just a few of the effects of the COVID-19 outbreak.

The pouches segment is expected to be the largest during the forecast period

Based on product the market is bifurcated into Bottles, Cups, Pouches, Cans and others products. It is anticipated that the pouches segment will continue to dominate the worldwide milk packaging market throughout the forecast period. This is a result of the rising need for simple and portable milk packaging options. Other significant factors influencing the growth of the pouches segment in the global milk packaging market include the rising number of environmental rules prohibiting the use of glass bottles and the rising demand for ergonomic packaging goods. Additionally, one of the main factors supporting the demand for pouches is their inexpensive price. Additionally, rising pouch usage in developing nations is anticipated to further fuel market expansion. Additionally, the worldwide milk packaging market is expanding due to the quick changes in the packaging sector globally and the increased popularity of bag designs with plastic tops, for example. However, increased laws concerning carbon emissions and growing worries about the disposal of plastic pouches are two significant challenges that are projected to impede market expansion.

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

Based on material the market is segmented into Paperboard, Plastic, Glass, Metal and Others materials. The market for milk packaging worldwide was dominated by the paperboard segment, which is anticipated to continue dominating the market over the forecast period. This is primarily caused by a sharp rise in demand for milk packaging options that are recyclable and environmentally friendly. Another significant factor driving the demand for paperboard material in the global milk packaging market is the rising cost of metal cans combined with the unfavourable environmental consequences of plastic packaging. The total demand for paperboard material in the worldwide milk packaging market is further increased by growing demand for packaged flavoured milk and growing customer preference for eco-friendly and lighter packaging materials. Around-the-clock work schedules, rising income levels, and the development of e-commerce are some additional significant factors boosting demand for paperboard packaging globally. Additionally, it is predicted that the market will rise quickly due to the rapid development of environmentally friendly packaging for ecological preservation and a focus on minimising ecological footprints. Due to easy access to raw materials, less expensive manufacturing techniques, and rising consumer desire for lightweight and ergonomic packaging solutions, the plastic category held the second-largest share of the worldwide milk packaging market. However, rising worries about environmental degradation brought on by the disposal of plastic is a significant factor that is predicted to restrain total demand.

Region with highest share:

Asia Pacific is anticipated to be the most lucrative region in the global milk packaging market. China and India are expected to be the major revenue contributors in the Asia-Pacific milk packaging market since they are the major consumers and producers of milk. Also, due to the presence of a large population base, the consumption of milk in China and India has augmented owing to its numerous health benefits such as high calcium content, high protein content and abundance of thiamin, riboflavin and vitamin B12. In addition, owing to heavy investment flow from major market players in the Asia-Pacific region is another major aspect driving the overall growth of the market. Developing econare witnessing rapid urbanization, upsurge in population and increasing disposable incomes, which is further driving the demand for packaged milk in the region.

Region with highest CAGR:

North America is expected to account for the second largest share in the global milk packaging market owing to increasing awareness among consumers regarding packaged milk as well as rise in demand for paperboard packaging. In addition, entry of new market players owing to increasing milk consumption is further fueling the demand for milk packaging across the globe. Also, increasing investments in research & development activities to come up with new and advanced milk packaging solutions is expected to drive the North America milk packaging market over the forecast period.

Key players in the market

Some of the key players profiled in the Milk Packaging market include Amcor, Blue Ridge Paper Products, Tetra Pak, CKS Packaging, Crown Holdings, Clover Sonoma, PFF Group, Mondi, Ball, Evergreen Packaging, Clondalkin group holdings limited, Consolidated Container Company, Graham Packaging Company, RPC Group Plc, Elopak AS, Indevco.

Key Developments:

In March 2022, PFF Group installed a GBP 2 million system at its Sedgefield site as part of its GBP 4 million investment program in new process technology. It will be used to manufacture PFF’s fully recyclable, food-grade packaging concept, IMPAC-T, with an aim to meet the increased demand from food manufacturers for reduced plastic in packaging.

In September 2021, Clover Sonoma announced a post-consumer recycled (PCR) gallon milk jug (in the United States). The jug has 30% PCR content, and the company aims to increase the PCR content and extend the PCR content used in milk jugs by 2025.

In June 2021, Mondi, a leading worldwide packaging and paper producer, collaborated with cheese packaging company Hazeleger Kaas and brand owner Westland Kaas to package the well-known Dutch Maaslander brand in Envelope Form, a novel totally recyclable polypropylene (PP) mono-material packaging solution.

In April 2017, Tetra Pak has declared its acquisition Big Drum Engineering GmbH to propel its ice- offerings

Product Covered:
• Bottles
• Cups
• Pouches
• Cans
• Others Products

Material Covered:
• Paperboard
• Plastic
• Glass
• Metal
• Others materials

Application Covered:
• Textiles
• Clothing
• Others applications

End User Covered:
• Frozen Product
• Milk
• Butter
• Others End Users

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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances