Dairy Packaging Market 2022 Future Trend, Growth rate, Opportunity, Industry Analysis to 2027

The Dairy Packaging market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Dairy Packaging Market share and Market size prominent players for 2020 to 2027 are profiled in this report.

The Dairy Packaging Market is expected to register a CAGR of 4.61% over the forecast period 2022 - 2027.

Competitive Landscape: Huhtamaki Group,  Berry Global Group, Inc.,  Amcor PLC,  Ball Corporation,  Consolidated Container Company LLC,  Saudi Basic Industries Corporation,  International Paper Company,  Winpak Ltd.,  Sealed Air Corporation,  Stora Enso Oyj,  Greiner Packaging  International GmbH and Others

Industry News:

June 2018 Huhtamaki Group acquired Ajanta Packaging in India for USD 15.5 million in cash. The acquisition will help Huhtamaki in consolidating its position in the pressure-sensitive label business.
June 2019 Amcor announced the successful completion of its acquisition of Bemis Company Inc., The combined company will now operate as Amcor Plc (Amcor). The acquisition of Bemis brings additional scale, capabilities, and footprint that will strengthen Amcor's industry-leading value proposition and generate significant value for shareholders.

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Scope of the Report:

The increasing availability of packaged dairy products through various retailing channels owing to the rising population and changing diets coupled with an increasing consumer preference toward protein-based products is expected to increase the adoption of dairy-based product across the world, driving the market forward.
The growing focus of the dairy manufacturers on capturing a share in the global dairy trade, through best-in-class international export and local production capabilities, has fueled the demand for better dairy-based packaging solution.
The primary factor behind the expansion of sales of dairy products is the different types of packaging available nowadays. For instance, earlier milk was available only in gable-topped cartons, but at present, milk is delivered in portable, brand-friendly PET bottles, which is an attractive option for increasingly busy consumers.

Key Market Trends:

Milk Occupies the Largest Market Share

Milk is the most consumed dairy product across the globe. The high content of moisture and minerals present in the milk makes it very challenging for the vendors to store it for a longer period of time. This is one of the major reasons for milk being traded as milk powder or processed milk.
With the current milk processing technology, liquid milk packed in a bottle has a shelf-life between 10 to 21 days when stored at 4-8°C. With the emergence of processes like UHT (Ultra High Temperature) treatment of milk, the shelf life of packaged milk is further extended up to a year, without refrigeration.
In the past four years, there has been a trend of encouraging local production, especially in the Asia Pacific region. In countries, like India, despite being responsible for almost 16% of the global milk production, there is a considerable difference in supply and demand.
With the increased milk production on a global scale, packaging solution will also witness an increased demand, which will drive the market forward.

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North America Occupies the Largest Market Share

The North American region occupies the largest share in the global dairy packaging market owing to the increased production and sale of dairy products, such as milk, cheese, and yogurt. Over the past few years, the consumption of dairy products in the United States has increased, especially cheese, parmesan, provolone, and mozzarella, which is likely to boost the dairy packaging market in the country.
The rapidly changing consumer preferences towards packaged food and changing economic scenario are significantly affecting the US dairy packaging market. Considerable expansion of dairy product portfolio, primarily into sports nutrition, along with an increasing number of casual users is expected to drive the market further.

Regional Analysis for Dairy Packaging Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Dairy Packaging Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Highlights about Dairy Packaging report coverage:

- A complete background analysis, which includes an assessment of the Global Dairy Packaging Market.

- Important changes in Dairy Packaging market dynamics

- Dairy Packaging Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Dairy Packaging market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Dairy Packaging industry developments

- Dairy Packaging Market shares and strategies of key players

- Emerging niche Dairy Packaging segments and regional markets

- An objective assessment of the trajectory of the Dairy Packaging market

- Recommendations to companies for strengthening their foothold in the Dairy Packaging market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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