About Dairy Packaging
Dairy Packaging is used to provide a barrier to moisture, oxygen, and light in order to prevent dairy products from damaging. The growing consumption of dairy products has increased the demand for better packaging solutions. Also, the growing availability of packaged dairy products through various retailing channels owed to the increasing population and changing diets has to increase the adoption of dairy-based products across the world. The companies are adopting new technologies to improve their dairy packaging. For instance, in April 2018, Nestle stated that they will be making 100 percent of recyclable or usable packaging by 2025. The company purposes to eliminate non-recyclable plastics and encourage the use of plastic that is recyclable, changing the complex packaging materials. These strategies of manufacturers will drive the global dairy packaging market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
CAGR | 5.82% |
In dairy packaging Market, it has been observed that most of the companies are upgrading or introducing innovative products such as modified atmosphere packaging (MAP) with aseptic and antimicrobial properties. This type of packaging helps in extending the shelf-life of dairy products to up to 90 days under refrigeration storage by controlling the associated fungal contamination.The Vendors having a strong hold in the market are Hutamaki Group, Berry Global Group, Inc., Sealed Air Corporation, Amcor plc, Ball Corporation. Analyst at AMA Research estimates that United States and European Vendors will contribute the maximum growth to Global Dairy Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Huhtamaki Oyj (Finland), Berry Global Group, Inc. (United States), Bemis Company Inc. (United States), Amcor plc (Melbourne), Ball Corporation (United States), Consolidated Container Company LLC (United States), Saudi Basic Industries Corporation (Saudi Arabia), International Paper Company (United States), Winpak Ltd. (Canada), Sealed Air Corporation (United States), Stora Enso Oyj (Finland) and Greiner Packaging international GmbH (Austria) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Dairy Packaging market by Type (Flexible Packaging and Rigid Packaging), Application (Milk, Cheese, Frozen Foods, Yogurt, Cultured Products and Ice Cream) and Region.
On the basis of Type, Rigid Packaging are dominating the market in the year 2022 where as Flexible Packaging stood as second largest market share.
On the basis of application, Milk segment is dominating the market in the year 2022 where as Cheese segment stood as second largest market .On the basis of geography, the market of Dairy Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Russia, Spain, Netherlands, Rest of Europe), MEA (Saudi Arabia, United Arab Emirates, Rest of Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Package Type, the sub-segment i.e. Bottles will boost the Dairy Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Raw Material, the sub-segment i.e. Glass will boost the Dairy Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Consumer Preference Towards Protein-based Products and Growing Demand for Diary Products
Challenges:
Consumers are becoming increasingly conscious of their impact on the environment and are demanding sustainable packaging solutions and The challenge for packaging manufacturers is to provide cost-effective solutions that do not compromise on quality.
Restraints:
Greenhouse Gas Emission due to Dairy Activities Leading to Legislative Issues
Opportunities:
Increasing Adoption of Packages Incorporating Small Portion Size and Demand for Dairy Packaging for Transporting Dairy Products
Market Leaders and their expansionary development strategies
In January 2019, Ardagh Group entered into the partnership with Gaya Gold to redesign ice coffee packaging in the United Arab Emirates. To get the desired shape for the packaging the size was expanded by 26% under 40 bar pressure and on both the lid and base of the can will be gold printing. and In November 2017, Berry Global Group, Inc. acquired Clopay Plastic Products Company, Inc. for amount USD 475 million. This acquisition was aimed to optimize complementary production capacities, decrease production and conversion cost, and serve better to Berry Global’s customers.
In February 2019, Aria, a Dairy producer launched the recyclable packaging in Finland. This packaging will utilize renewable wood- based paperboard for dairy products. The company will use recyclable packaging to manufacture recyclable gable- top food cartoons for the packaging of cooking products.
Key Target Audience
Raw Material Suppliers, Industry Bodies, Food Packaging Manufacturers, Industry Bodies, Logistics Partners, Importers and Exporters of Dairy Packaging and Food Service Packaging Related Technology Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.