The global milk packaging market was valued at $41,764.63 million in 2021, and is expected to reach at $65,972.41 million by 2031, registering a CAGR of 4.6% from 2022 to 2031.
Milk packaging has witnessed significant changes from traditional methods to new and innovative techniques. In addition, packaging can be done through glass bottles, plastic bottles, cans & cartons, and pouches for convenience of consumers. Milk packaging constitutes a crucial link between the manufacturers and end users for efficient & safe delivery of milk through different stages such as storage, transport, distribution, and marketing.
This report projects the trends & opportunities of the global milk packaging market. It includes the qualitative & quantitative analyses along with comprehensive research methodologies and reliable projections to understand the present overview, market growth, predict the market behavior during the forecast period.
The global milk packaging market growth is driven by increase in milk consumption across the globe along with changes in lifestyle of consumers. Several ecological factors, including increase in consumer expenditure and rise in environmental concerns among consumers boost the market growth. In addition, factors that drive the market growth include declining production costs of several milk packaging products, including paper & plastic along with ease of recycling. However, environmental concerns associated with the use of plastic bags are expected to hamper the market growth during the forecast period.
India is the largest milk consuming country across the globe, followed by China. Increase in demand for flavored milk and rise in consumption of fresh milk, especially among the geriatric population, are some major aspects presenting growth opportunities in the global milk packaging market. Moreover, increase in number of manufacturers, growth in population, and change in consumer preferences from loose milk to processed & packaged milk are expected to present lucrative growth opportunities in the global market.
However, plastic is nonbiodegradable and degrades into plastic dust that lasts for long time.. When plastic bags and bottles break down, they start releasing toxins that contaminate soil and water, harming animals that ingest plastic fragments. Many chemical additives, including cadmium, lead, and mercury provide required quality to the plastic products. However, they have negative environmental and human health impacts, causing safety issues during production. People are exposed to these chemicals not only during production process but also when they use plastic packaging. This is attributed to the fact that certain chemicals migrate from the plastic container into milk. Synthetic chemicals used in packaging, storage, and processing of milk might be harmful to human health over the coming years. Despite the fact that some of these chemicals are regulated, people who drink packaged milk are expected to be chronically exposed to low levels of these substances throughout their lives.
The global milk packaging market is segmented on the basis of packaging type, material, and region. Depending on packaging type, it is categorized into cups, cans, bottles, pouches, and others. According to material, it is classified into glass, plastic, metal, paperboard, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Milk packaging has witnessed significant changes from traditional methods to new and innovative techniques. In addition, packaging can be done through glass bottles, plastic bottles, cans & cartons, and pouches for convenience of consumers. Milk packaging constitutes a crucial link between the manufacturers and end users for efficient & safe delivery of milk through different stages such as storage, transport, distribution, and marketing.
This report projects the trends & opportunities of the global milk packaging market. It includes the qualitative & quantitative analyses along with comprehensive research methodologies and reliable projections to understand the present overview, market growth, predict the market behavior during the forecast period.
The global milk packaging market growth is driven by increase in milk consumption across the globe along with changes in lifestyle of consumers. Several ecological factors, including increase in consumer expenditure and rise in environmental concerns among consumers boost the market growth. In addition, factors that drive the market growth include declining production costs of several milk packaging products, including paper & plastic along with ease of recycling. However, environmental concerns associated with the use of plastic bags are expected to hamper the market growth during the forecast period.
India is the largest milk consuming country across the globe, followed by China. Increase in demand for flavored milk and rise in consumption of fresh milk, especially among the geriatric population, are some major aspects presenting growth opportunities in the global milk packaging market. Moreover, increase in number of manufacturers, growth in population, and change in consumer preferences from loose milk to processed & packaged milk are expected to present lucrative growth opportunities in the global market.
However, plastic is nonbiodegradable and degrades into plastic dust that lasts for long time.. When plastic bags and bottles break down, they start releasing toxins that contaminate soil and water, harming animals that ingest plastic fragments. Many chemical additives, including cadmium, lead, and mercury provide required quality to the plastic products. However, they have negative environmental and human health impacts, causing safety issues during production. People are exposed to these chemicals not only during production process but also when they use plastic packaging. This is attributed to the fact that certain chemicals migrate from the plastic container into milk. Synthetic chemicals used in packaging, storage, and processing of milk might be harmful to human health over the coming years. Despite the fact that some of these chemicals are regulated, people who drink packaged milk are expected to be chronically exposed to low levels of these substances throughout their lives.
The global milk packaging market is segmented on the basis of packaging type, material, and region. Depending on packaging type, it is categorized into cups, cans, bottles, pouches, and others. According to material, it is classified into glass, plastic, metal, paperboard, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the milk packaging market analysis from 2020 to 2031 to identify the prevailing milk packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the milk packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global milk packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Packaging Type
- Cups
- Cans
- Bottles
- Pouches
- Others
By Material
- Glass
- Plastic
- Metal
- Paperboard
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Spain
- UK
- Italy
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- Rest of LAMEA
Key Market Segments
By Packaging Type
- Cups
- Cans
- Bottles
- Pouches
- Others
By Material
- Glass
- Plastic
- Metal
- Paperboard
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Tetra Pack
- Amcor Limited
- Indevco
- evergreen packaging
- Elopak
- Ball Corporation
- Clondalkin Group Holdings
- Blue Ridge Paper Products
- blue ridge paper products
- Crown Holdings, Inc.
- CKS Packaging
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MILK PACKAGING MARKET, BY PACKAGING TYPE
CHAPTER 5: MILK PACKAGING MARKET, BY MATERIAL
CHAPTER 6: MILK PACKAGING MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Milk Packaging Market, by Packaging Type and Material: Global Opportunity Analysis and Industry Forecast', 2022-2031', The milk packaging market was valued at $40,012.10 million in 2020, and is estimated to reach $66.0 Billion by 2031, growing at a CAGR of 4.69% from 2022 to 2031.The pouch segment accounted for more than half of the global milk packaging industry in 2021. Milk packaging establishes an important link between milk manufacturer and consumer for systematic and secure delivery of milk through different stages of storage, transport, and distribution. Milk packaging has gained a prominent position in overall distribution process, owing to rapid growth in the global economy and improvements in the standard of living of people.
In addition, increase in the number of health-conscious consumers across the globe boosts the overall demand for milk, which is a source of minerals, calcium, protein, and vitamin D. Moreover, companies focus on expanding their product portfolio by serving flavored and specially packaged milk. This, in turn, is expected to fuel the overall demand for milk in the future. However, fluctuation in prices of materials, including plastic, paper, and aluminum and stringent government regulations regarding the use of nondegradable plastic pouches hamper the milk packaging market growth.
Milk packaging is expected to witness the highest growth in the future, owing to high demand for flavored milk and rise in consumption of packaged food especially in the developing countries that will promote the milk packaging market share in food packaging industry. Furthermore, urbanization and surge in demand for eco-friendly milk packaging materials are expected to boost the market growth. The plastic segment accounted for around one-third of the global milk packaging market size, in terms of volume, in 2020. The demand for milk packaging increased in the recent years, due to response to perennial modifications in packaging industry. Thus, increase in requirement of high-tech milk packaging materials and rise in adoption of new & eco-friendly materials have fueled the demand for milk packaging across the globe.
The milk packaging market is segmented on the basis of packaging type, material, and region. Depending on packaging type, it is categorized into cups, cans, bottles, pouches, and others. According to material, it is classified into glass, plastic, metal, paperboard, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key findings of the Study
- The milk packaging market analysis shows that paperboard segment is anticipated to grow at the highest CAGR of 5.25% during the forecast period.
- Asia-Pacific is projected to maintain its dominant position in the global market from 2020 to 2031.
- The pouch segment occupied more than half of the total market in 2021.
- China occupied more than one-fourth of the Asia-Pacific market in 2021.
- In terms of value, Italy is expected to grow at a significant CAGR of 4.37% during the forecast period.
- The major companies profiled in the report include Tetra Pack, Amcor Limited, Indevco, Evergreen Packaging, Elopak, Ball Corporation, Clondalkin Group Holdings, Blue Ridge Paper Products, Crown Holdings, and CKS Packaging.
Companies Mentioned
- Tetra Pack
- Amcor Limited
- Indevco
- evergreen packaging
- Elopak
- Ball Corporation
- Clondalkin Group Holdings
- Blue Ridge Paper Products
- blue ridge paper products
- Crown Holdings, Inc.
- CKS Packaging
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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