Dairy Packaging Market Size Worth USD 44.15 Billion 2030| CAGR of 4.8%
According to the latest report by Reports and Data, the global dairy packaging market had a size of USD 28.90 billion in 2021 and is projected to achieve a revenue compound annual growth rate (CAGR) of 4.8% during the forecast period. Proper packaging and effective transportation are necessary for dairy products due to their perishability. The industry is expected to see increased demand for compact packaging, which is a convenient option. Recent trends have shown that manufacturers are focusing on delivering products in smaller quantities. The flavoured milk products market is also growing, which is boosting the global dairy packaging market. The global dairy food packaging industry is experiencing major trends, such as increased health consciousness, urbanisation, and a rising demand for a variety of dairy products as part of a balanced diet.
However,
the use of non-biodegradable packaging materials like plastics has raised
concerns among consumers and manufacturers. To address this issue, companies
are turning to environmentally friendly and biodegradable packaging options.
Manufacturers are adopting eco-friendly packaging strategies that involve the
use of lighter materials and encourage recycling. Additionally, environmental
law could impede the development of dairy products as greenhouse-gas emissions
from dairy operations account for a significant fraction of overall emissions
in some countries.
The
industry is segmented into various categories based on application, such as
cheese, cream, ice cream, milk, butter, yoghurt, and cultured goods, among
others. Among these categories, the milk segment has the largest global share.
The Asia-Pacific region is expected to have the highest revenue share among all
regions due to its significant milk consumption and production. North America
accounted for a significant portion of the global market in 2020, and the
expansion of this sector in the region is attributed to the rising demand for
dairy substitutes like almond, coconut, and soy milk and the acceptance of
flavor-infused milk.
Companies
mentioned in the market report include Bihai, Weyerhaeuser, Xinju Feng Pack,
Jielong Yongfa, International Paper, Skylong, Ecolean, Coesia IPI, Serac, Teta
Laval, SIG Combibloc, Elopak, Amcor, Greatview, Qingdao Likang Packing, Stora
Enso, and Nippon Paper Group. The report also segments the global dairy packaging
industry into Type Outlook, Application Outlook, and Regional Outlook.
The
Type Outlook segment is further divided into bottles, pouches, cups, cans, and
carton & boxes. The Application Outlook segment is divided into yogurt and
cultured products, milk, butter, cheese, cream, ice cream, and others, while
the End-use Outlook segment is segmented into building & construction,
automotive & transportation, electrical & electronics, and others. The
Regional Outlook segment is divided into North America, Europe, Asia-Pacific,
Latin America, and the Middle East & Africa.
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Dairy Packaging Market: Drive factors
The
global dairy packaging market is expected to experience a steady growth rate
due to several driving factors. The perishable nature of dairy products
necessitates proper packaging and efficient storage and transportation, making
it essential for the dairy industry to have reliable packaging options. Compact
packaging has seen increased demand due to its convenience, which is expected
to fuel the industry further. Manufacturers have also been focusing on
delivering products in smaller quantities to meet changing consumer
preferences.
The
increasing demand for flavored milk products is another factor driving the
growth of the global dairy packaging market. Rising health consciousness,
urbanization, and the consumption of a variety of dairy products as part of a
balanced diet are major trends in the global dairy food packaging industry.
However,
the use of non-biodegradable packaging materials, such as plastics, has raised
concerns among consumers and manufacturers. To address this, companies are
turning to environmentally friendly and biodegradable packaging choices,
promoting recycling, and adopting eco-friendly packaging strategies that
emphasize the use of lighter materials.
Despite
the positive outlook, environmental law is expected to impede the development
of dairy products. Greenhouse-gas emissions from dairy operations represent a
significant portion of overall emissions in some countries, and any changes to
associated laws could have an effect on dairy output.
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