Milk Bulk Tank Market Scope
Milk bulk tank is a big tank manufactured from stainless steel for storing milk at cold temperature. it's a very important part of dairy and milk process equipment, and is also referred to as bulk tank or milk cooler. As milk is very perishable, it has low time period of about 2-3 days, and needs primary preservative technique like pre-cooling and sterilisation to make sure to ensure its quality. This can be typically provided by storing it in a bulk tank. A milk bulk tank is used to preserve milk for a longer time and prevent microbe contamination. The tank also avoids the risk of degradation of the milk by preventing contact with extraneous foreign particles like sand, stone, metal, fruit pits, stalks, and straw. It also help processors to examine the quality of milk through numerous testing processes.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | DeLaval Inc. (Sweden), Packo Inox N.V. (Belgium), Paul Mueller Company (United States), The Serap Group (France), GEA Group (Germany), Ro-ka Industri A / S (Denmark), Wedholms AB (Sweden), BouMatic LLC (United States) and Dairymaster (Ireland) |
CAGR | % |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Milk Bulk Tank market throughout the predicted period.
DeLaval Inc. (Sweden), Packo Inox N.V. (Belgium), Paul Mueller Company (United States), The Serap Group (France), GEA Group (Germany), Ro-ka Industri A / S (Denmark), Wedholms AB (Sweden), BouMatic LLC (United States) and Dairymaster (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are FIC S.p.A. (Italy), Milkplan SA (Greece), Kilkenny Cooling Systems Ltd (Ireland) and Fabdec Limited (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Milk Bulk Tank market by Type , by Application (Milk Farm, Milk collection centers, Processing plant and Transportation) and Region with country level break-up.
On the basis of geography, the market of Milk Bulk Tank 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In October 2023, Tetra Pak partners with Arla Foods, a major dairy cooperative, to implement a pilot project using blockchain technology to track and verify milk quality and sustainability practices throughout the dairy supply chain. This collaboration showcases the potential of blockchain to enhance transparency and sustainability within the milk bulk tank market.
In October 2023, Milkrite introduces the Milkrite Meridian tank, featuring a modular design and remote monitoring capabilities to allow farmers to manage their milk storage remotely. This launch highlights the trend towards connected and smart farm technologies in the milk bulk tank market.
Market Growth Drivers:
Increase in the Milk Consuming Population, High Investment in Dairy Farming and Continuous Supply of Milk in Bulk Quantity Across the Globe
Challenges:
The Covid-19 Impact
Restraints:
Regular Maintenance Cost and High Initial Investment
Opportunities:
Regulatory Bodies Mandating the Use of Storage Tanks for Milk Preservation
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, Milk Bulk Tank Manufacturer, Supplier and Distributor and End-Use Industries