Global Milk Packaging Market is expected to reach USD 50.04 billion by 2024

Reusable and easy-to-pour milk pouch is a new trend transforming the whole spectrum of milk packaging market. According to Goldstein Research analyst, “High consumption of milk and milk products mainly in developing countries such as China, India and Brazil is the major factor behind the growth of global milk packaging market.” Growing preference towards the use for biodegradable material and sustainable packaging is boosting the use of eco-friendly materials such as paperboard for milk packaging. Global milk packaging market segmentation has been carried out on the basis of packaging type and materials used for packaging. Packaging type is further segmented into cups, bottles, cans and pouches. Among these segments, pouches segment accounted for over 50.0% market share in milk packaging market in 2016, owing to the increasing demand for small-size packaging. However, bottles segment is expected to witness a notable growth during the forecast period. Based on packaging type, paper based packaging segment is accounted for the largest market share followed by plastics and metals. Paperboard packaging is eco-friendly and it can be easily recycled. Furthermore, it also protects the packaged products from contamination for longer period of time. Asia-Pacific region dominated the global milk packaging market by reaching USD 16.45 billion in 2016 and is expected to maintain its dominance over the forecast period of 2016-2024 on the back huge consumer base. Flourishing consumer & retail industry in major economies such as India, China, Japan, Australia, Singapore and others is creating ample of opportunities for the food and beverages industry players.

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Market Segmentation

The global milk packaging market is classified on the following basis:
• Based on Packaging Type
o Cups
o Cans
o Pouches
o Bottles
• Based on Materials
o Paperboard packaging
o Rigid plastic packaging
o Flexible plastic packaging
o Others (metal and glass packaging)
• Based on Geography
o North America (U.S. & Canada)
o Latin America ( Brazil , Mexico & Rest of Latin America)
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA)
o Rest of World

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“Global Milk Packaging Market Outlook 2024” contains detailed overview of the global milk packaging market in terms of market segmentation by packaging type and by material type.

Further, for the in-depth analysis, the milk packaging market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

Global Milk Packaging Market Report also provides competitive outlook of some of the major players of the global milk packaging market which includes profiling of companies Tetra Pack, Amcor Limited, Indevco, Evergreen Packaging, Elopak, Clondalkin Group Holdings, CKS Packaging. etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the milk packaging market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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