Global Dairy Packaging Market by Package, by Material, by Product, by Region, Segment and Forecasts 2020-2026
The global dairy packaging market size is expected to gain a significant traction during the forecast period, 2020-2026. Dairy products are in high demand across the globe owing to nutritional values. In addition, diary processing units are emphasizing on maximising dairy production to induce their revenue share and maintain an optimum supply chain. Moreover, on consumer front, there is a high demand for packed and ready-to-eat foods owing to easy availability and convenience. Change in consumer lifestyle is expected to play a crucial role in the market development.
Market Trends, Drivers, Restraints and Opportunity:
· Demand for quality packed dairy products have been ruling the roost in the recent years. Additionally, dairy owners and vendors emphasize on quality packaging for dairy products with an objective to ensure moisture prevention and no loss of contents
· International norms and certifications for dairy packaging plays an eminent role in developing high standards. Moreover, consumer awareness acts as a catalyst in strengthening the standards
· The market is also stimulated by rise in number of sales attributing to quality packaging. For instance, cartons were used for packaging purpose in the past. While, at present PET bottles and reusable plastics are employed for the packaging purpose that are readily accepted by consumers
· Rise in disposable income, purchasing power of branded dairy products and rise in millennial workforce that prefer packaged food products are creating immense opportunities in the years to come
· However, lack of awareness, non-compliance and poor methods of conservation are likely to constrict the market growth in the forecast span
Scope of the Report: The report on global dairy packaging market includes an assessment of the market size, share, trends, segments, regional markets and competitive scenario. Overview and dynamics have been included in the report.
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Dairy Packaging Segment Share Insights:
Pouches account for a significant growth Based on the package type segmentation, the diary packaging market comprises pouches, wraps and bags. Pouches have maintained a traction in the commercial market attributing to convenience and easy availability. Wraps are an emerging segment.
PET Plastic Bottles to Maintain a Dominance in the global market Based on material category, the dairy packaging market can be segmented as paper, paperboard, plastic and glass. Plastic accounted for the largest share in the past years owing to high feasibility and accountability. Moreover, use of recycled plastics to conform eco-friendly initiatives undertaken by authorities and public stimulates the segment’s growth. Glass is an emerging segment attributing to manufacture of high-end products intended for specific use.
North America to occupy the largest share in the Global Dairy Packaging Market Based on geographical segmentation, the diary packaging market comprises North America, South America, Europe, Asia Pacific, Middle-East and Africa. North America retains a dominant position owing to rise in milk, cheese and yogurt production. Demand for flavored yogurt is anticipated to play a dominant role in the regional growth. Changes in economic scenario in the U.S. is favouring the growth of regional market. Additionally, consumer preference for dairy products is instrumental in shaping the market demand. Asia Pacific is the fastest growing market attributing to rise in population, demand for sports nutrition and availability of diverse products focussing on nutrition. In addition, manufacturer emphasis on employing innovation for product packaging is likely to enhance the regional growth in the forecast span. Use of PET plastic is highly evident in the regional markets of India and China as there is a high consumer base with demand for milk and milk products.
Competitive Landscape: Some of the key players in the dairy packaging market are Berry Global Group, Sealed Air Corporation, Ball Corporation and Amcor Plc. Mergers & acquisitions, trends and analysis pertaining to strategic collaboration among partners and mutual agreements and partnerships are some of the growth strategies identified. The key players are adopting innovative methods for product launch in order to strengthen their geographical presence.
Segments Covered in the Report The global dairy packaging market is segmented based on package, material, product and region.
By Package Type:
· North America
· Middle- East