Global Dairy Products Packaging Market Size By Type of Packaging, By Application, By Packaging Technology, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Dairy Products Packaging Market Size By Type of Packaging, By Application, By Packaging Technology, By Geographic Scope And Forecast
Dairy Products Packaging Market Size and Forecast
Dairy Products Packaging Market size was valued at USD 37.9 Billion 2023 and is projected to reach USD 42.6 Billion by 2030,growing at a CAGR of 3.5%during the forecasted period 2024 to 2030.
Global Dairy Products Packaging Market Drivers
The growth and development of the Dairy Products Packaging Market drivers. These factors have a big impact on how Dairy Products Packaging are demanded and adopted in different sectors. Several of the major market forces are as follows
Consumer tastes and Convenience Innovations in dairy product packaging have been fueled by shifts in consumer lifestyles and tastes, including an increasing need for convenience and on-the-go products. Demand for packaging with features like mobility, convenience of use, and long shelf life is probably going to rise.
Health and Sustainability As people’s awareness of environmental and health issues has grown, so has the demand for eco-friendly and sustainable packaging solutions. Customers frequently search for dairy product packaging that guarantees freshness and safety while reducing its negative effects on the environment.
Product Innovation Easy-to-open containers, single-serve packaging, and resealable pouches are a few examples of packaging innovations that can propel market expansion. Manufacturers are continuously searching for innovative methods to set their products apart through the usefulness and style of their packaging.
Regulatory Compliance Tight guidelines and requirements for food packaging, particularly those that apply to dairy products, may encourage the use of particular kinds of packaging materials and technologies in order to guarantee adherence to requirements for quality and safety.
Growth of E-Commerce Packaging needs are directly impacted by the growing trend of online shopping and home delivery services. Manufacturers of dairy products are modifying their packaging to meet the demands of online shopping, taking into account factors like transportation durability.
Globalisation of Dairy Trade More dairy products are being transported internationally as a result of the globalisation of the dairy trade. Modern packaging solutions are required because it becomes essential to package goods to maintain their integrity and freshness while they are being transported.
Extended Shelf Life Requirements Dairy products frequently have particular needs regarding their shelf life. Barrier coatings and modified environment packaging are two examples of packaging technologies that are in demand to sustain product quality over time and aid increase shelf life.
Brand Differentiation A key component of brand differentiation is packaging. Dairy goods may stand out from the competition on shop shelves and draw in customers with visually appealing and educational packaging.
Technological Developments The safety and traceability of dairy products can be improved by the use of smart packaging, which has sensors and indications, and this can lead to market expansion.
Global Dairy Products Packaging Market Restraints
The Global Dairy Products Packaging Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are
Environmental Concerns As people’s knowledge of environmental issues has grown, so has the need for more environmentally friendly packaging options. Due to this change, conventional packaging materials that might not be ecologically friendly are put to the test, necessitating innovation and the adoption of eco-friendly packaging solutions.
Strict Rules Adhering to stringent rules and guidelines, particularly those pertaining to health and safety, regarding food packing can be quite difficult. In order to ensure that packaging materials and procedures meet regulatory requirements, meeting these criteria might necessitate making additional investments in research, development, and testing.
Financial Restrictions Compared to conventional packaging materials, the use of cutting-edge and environmentally friendly packaging solutions may be more expensive. Manufacturers may be constrained by cost considerations, particularly in fiercely competitive marketplaces where price sensitivity plays a big role.
Limited Shelf Life of Certain Packaging Materials Although packaging materials are designed to increase the shelf life of dairy products, there are some materials that may not be able to maintain freshness for a long time. This could be a problem, especially for goods with lengthy retail and distribution cycles.
Logistical Difficulties Transporting dairy products across large distances is a common practice. To preserve product quality, packaging needs to be able to endure temperature changes and transit circumstances. The selection of packing materials and technology might be influenced by logistical challenges.
Consumer Opposition to Packaging Waste Although dairy products must be packaged to keep them fresh and safe, consumers are becoming more and more concerned about excessive packaging waste. This has prompted a movement towards simpler, more environmentally friendly package designs, which can be difficult for producers to reconcile with the requirement for product safety.
Limited Innovation in Packaging Materials It can take some time to develop new and creative packaging materials, especially when it comes to preserving the qualities that are necessary for dairy product packaging, like conformance with food safety regulations and barrier qualities.
Global Supply Chain Disruptions Natural catastrophes, geopolitical unrest, or international health emergencies can all have an impact on the availability and price of packaging materials by upsetting the global supply chain. Manufacturers of dairy products may face difficulties in sourcing and production as a result.
Preference for Bulk Packaging To cut expenses and lessen environmental effect, bulk packaging is preferred in particular markets. This inclination could not, however, be in line with consumer trends that support more compact, practical packaging solutions.
Global Dairy Products Packaging Market Segmentation Analysis
The Dairy Products Packaging Market is segmented on the basis of Type of Packaging, Application, Packaging Technology, And Geography.
1. By Type of Packaging
Bottles & Jars Comprising a range of sizes and varieties of bottles and jars for the storage of dairy products such as milk.
Pouches pliable containers made for milk, dairy goods in liquid form, and snacks.
Carton-based packaging options for milk, cream, and juicesTetra Paks and comparable products.
Cans Condensed milk, evaporated milk, and other dairy products are stored in metal cans.
Boxes Solid dairy products such as butter and cheese are packaged in boxes.
2. By Application
Retail Packaging Packaging made specifically for goods sold to customers directly via retail channels.
Institutional Packaging Dairy products supplied to hotels, restaurants, and other institutions are packaged in large quantities.
3. By Packaging Technology
Modified Atmosphere Packaging (MAP) This method of packaging dairy products involves changing the environment within the container to prolong its shelf life.
Vacuum packaging Vacuum packaging is a method of packaging that slows down the deterioration of the goods by removing air from the package.
Aseptic Packaging Sanitised packaging that keeps dairy products fresh without requiring refrigeration.
Intelligent Packaging Utilises intelligent elements, such sensors and indicators, to offer details on the freshness and quality of the product.
4. By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Key Players
The major players in the Dairy Products Packaging Market are
Huhtamaki Group
Berry Global Group, Inc.
Sealed Air Corporation
Amcor plc
Ball Corporation
Mondi Group
WestRock Company
Stora Enso Oyj
International Paper Company
Tetra Pak
Airlite Plastics
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Huhtamaki Group
Berry Global Group, Inc.
Sealed Air Corporation
Amcor plc
Ball Corporation
Mondi Group
SEGMENTS COVERED
Type of Packaging, Application, Packaging Technology, And Geography.
CUSTOMIZATION SCOPE
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