Dairy Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Dairy products have a short shelf-life due to which packaging plays an important role in their distribution. Proper and effective packaging prevents any kind of contamination and facilitates storage and transportation. Over the years, the dairy packaging industry has witnessed the introduction of new packaging technologies as per the convenience and requirements of the consumers, developing from glass bottles to tetra packs. According to IMARC Group’s latest report, titled “Dairy Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global dairy packaging market reached a value of US$ 21 Billion in 2017.
Growing demand for dairy products in small packaging represents the key factor driving the dairy packaging market. Consumer’s inclination towards packaged food products and rising health concerns have positively contributed towards market growth. Additionally, an overall surge in the consumption of dairy products such as butter, milkfat, yogurt, ice cream, and other dairy-based desserts has facilitated the market worldwide. Increasing urbanisation, inflating disposable incomes, consumer awareness and preference for fresh products are some of the other factors that have augmented the demand for dairy packaging. Owing to the abovementioned forces, the market is expected to reach a value of US$ 31 Billion by 2023, growing at a CAGR of 6.5% during 2018-2023.
The report has segmented the market on the basis of packaging material including flexible plastic, rigid plastic, paper and paper board, glass, metal and others. Amongst these, flexible plastic currently dominates the market. The report has further segmented the market on the basis of packaging type covering single pack and multi pack. On the basis of application, milk accounts for the largest share, followed by cheese, frozen products, cultured products and others. Region-wise, North America represents the largest market, followed by Europe and Asia-Pacific. Other major regions include the Middle East and Africa, and Latin America. The report has also analysed the competitive landscape of the market with some of the key global players being Ball Corporation, Mondi, Bemis Company, Inc., Rexam, and RPC Group.
This report provides a deep insight into the global dairy packaging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the dairy packaging industry in any manner.
Key Questions Answered in This Report:
How has the global dairy packaging market performed so far and how will it perform in the coming years? What are the key regions in the global dairy packaging market? What are the key application segments in the global dairy packaging market? Which are the popular packaging types in the global dairy packaging market? What are the major packaging materials in the global dairy packaging market? What are the various stages in the value chain of the global dairy packaging market? What are the key driving factors and challenges in the global dairy packaging market? What is the structure of the global dairy packaging market and who are the key players? What is the degree of competition in the global dairy packaging market?