Milk Packaging Market By Packaging Type (Cups, Cans, Bottles, Pouches, Others), By Material (Glass, Plastic, Metal, Paperboard, Others): Global Opportunity Analysis and Industry Forecast, 2020-2031
The global milk packaging market was valued at $41,764.63 million in 2021, and is expected to reach at $65,972.41 million by 2031, registering a CAGR of 4.6% from 2022 to 2031.
Milk packaging has witnessed significant changes from traditional methods to new and innovative techniques. In addition, packaging can be done through glass bottles, plastic bottles, cans & cartons, and pouches for convenience of consumers. Milk packaging constitutes a crucial link between the manufacturers and end users for efficient & safe delivery of milk through different stages such as storage, transport, distribution, and marketing.
This report projects the trends & opportunities of the global milk packaging market. It includes the qualitative & quantitative analyses along with comprehensive research methodologies and reliable projections to understand the present overview, market growth, predict the market behavior during the forecast period.
The global milk packaging market growth is driven by increase in milk consumption across the globe along with changes in lifestyle of consumers. Several ecological factors, including increase in consumer expenditure and rise in environmental concerns among consumers boost the market growth. In addition, factors that drive the market growth include declining production costs of several milk packaging products, including paper & plastic along with ease of recycling. However, environmental concerns associated with the use of plastic bags are expected to hamper the market growth during the forecast period.
India is the largest milk consuming country across the globe, followed by China. Increase in demand for flavored milk and rise in consumption of fresh milk, especially among the geriatric population, are some major aspects presenting growth opportunities in the global milk packaging market. Moreover, increase in number of manufacturers, growth in population, and change in consumer preferences from loose milk to processed & packaged milk are expected to present lucrative growth opportunities in the global market.
However, plastic is nonbiodegradable and degrades into plastic dust that lasts for long time.. When plastic bags and bottles break down, they start releasing toxins that contaminate soil and water, harming animals that ingest plastic fragments. Many chemical additives, including cadmium, lead, and mercury provide required quality to the plastic products. However, they have negative environmental and human health impacts, causing safety issues during production. People are exposed to these chemicals not only during production process but also when they use plastic packaging. This is attributed to the fact that certain chemicals migrate from the plastic container into milk. Synthetic chemicals used in packaging, storage, and processing of milk might be harmful to human health over the coming years. Despite the fact that some of these chemicals are regulated, people who drink packaged milk are expected to be chronically exposed to low levels of these substances throughout their lives.
The global milk packaging market is segmented on the basis of packaging type, material, and region. Depending on packaging type, it is categorized into cups, cans, bottles, pouches, and others. According to material, it is classified into glass, plastic, metal, paperboard, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY MARKET SEGMENTS
By Packaging Type
Cups
Cans
Bottles
Pouches
Others
By Material
Glass
Plastic
Metal
Paperboard
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Spain
UK
Italy
France
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Rest of LAMEA
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