About Milk Packaging
Milk packaging is a technique that is used is to care for storage as well as distribution. Increasing demand for the dairy industry will affect the growth of the market. For instance, according to an article published by the National Dairy Development Board, in India, Milk demand is expected to reach 180 million tonnes, by 2022. In addition, in order to supply the market, an increase of an average of 5 million tons per year over the next 15 years is required. Hence, it will affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Milk 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.
Amcor plc (United States), Evergreen Packaging (United States), Elopak (Norway), Indevco Group (Lebanon) and Tetra Pac (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Milk Packaging market by , Application (Pure Milk, Yogurt and Other) and Region.
On the basis of geography, the market of Milk 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, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging Material, the sub-segment i.e. Paper Based Packaging will boost the Milk Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New Technology regarding Milk Packaging
Market Growth Drivers:
Growing Demand Driven by the Growing Population and Higher incomes and more health consciousness across the world
Challenges:
Fluctuation in the Price of Raw Material
Restraints:
Issue related to Allergy of Milk Product
Opportunities:
Growth in the Food Industry Worldwide and Growing Demand from Emerging Market such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In January 2023, Shandong NewJF Technology Packaging Co., Ltd, a leading Chinese aseptic packaging enterprise, acquired Greatview Aseptic Packaging.The acquisition, aimed at breaking foreign monopoly and fostering domestic substitution, is seen as a key step in enhancing China's food security.
In January 2024, Coop brand and Emmi brand has laucnhed the Sustainable PET Bottles for Dairy Products. The new launched is the goods are available on the market in recyclable PET bottles.
As per an article published by Foreign Agricultural Service (FAS), “On October 13, 2017, Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) amended the standards of milk and dairy products. FSSAI promulgated the draft standards of milk and dairy products notified earlier to the World Trade Organization (WTO) in December 2015, for comments. The regulation comes into effect from October 13, 2017”.
Key Target Audience
Milk Packaging Companies, Regulatory Bodies, Component Suppliers, Distributors and Others
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.