Milk Packaging Market Size, Share & Industry Analysis, By Type (Can, Bottle, Pouch, Others), By Material (Glass, Paper & Paper board, Plastic, Others), By End-Use (Butter, Frozen Product, Milk, Others) And Regional Forecast, 2024-2032

Cartons made out of wax or plastic covered with the paper board are possibly one of the most commonly known types of milk packaging.  Due to the ability of packaging to increase the shelf life of a product, it helps the product to be marketed in different regions. Furthermore, packaging protects the milk from any harmful diseases that could be absorbed in the milk. Moreover, attractive looking packaging is one of the fostering factors for the increase in sales and marketing of the product. These are the contributing factors that are propelling more demand for the growth of the market. According to Pack Mojo, 8.49% of consumers will consider paying a little amount to the product if it is of good quality packaging.

The innovative use of bamboo as a resource for manufacturing innovative packaging acts as one of the major supporting factors for the growth of demand. Since bamboo is a natural resource which is replenished in nature unlike resources like plastic this act as one of the strengthening factors for the growth of the market

Different packaging companies like Evergreen Packaging, Elopak, Ball, Clondalkin Group Holding, Blue Ridge Paper Products, Crown Holding are working hard to come up with the innovative packaging which is eco-friendly, attractive in looks, light in weight and others so as to boost the growth of the market.

Increasing demand for milk in ice-cream, cheese, butter, curd, and others act as the major driving factor for the growth of the market. As milk products are mostly fast-moving consumer goods that can be easily consumed and are of high demand, this act as one of the major propelling factors for the growth of demand for milk packaging products. Additionally, increasing the health concern population also acts as a flourishing factor for the growth of the market as most people tend to avoid buying unpacked and uncertified milk products.  

The rising growth of the use of eco-friend material for the manufacturing of milk products like bamboo, trees, and others to reduce the use of unreplenishable resources act an immense opportunity for the growth of the market.

However, the escalation of lack toes in toddler ant (i.e., the inability to consume dairy products) among the global population reduces the consumption of milk products and thus act as a restraining factor that hampers the growth of the market.

Key Players Covered:

Some of the major players in the milk packaging market include Tetra Laval International, Fabri-Kal, Consolidated Containers, Alcoa Inc., Saint Gobain S.A., Essel Propack, Graham Packaging, Exopack Holdings, Global Closure Holdings, and others.

The global milk packaging market is segmented into by type, by material, by end-user, and by region.

Based on the type, the market is segmented into can, bottle, pouch, and others. Pouch segmentation is anticipated to hold the major share because the majority of milk products like cheese, milk, ice-cream, yogurt, and others are using pouch packaging, which drives to more use of milk packaging as compared to can and bottle.

Depending on the material, the market is fragmented into glass, paper& paperboard, plastic and others. Paper & paperboard fragment are considered to be the largest fragment this is due to the increasing concern of

Furthermore, based on end-use, the market is grouped into butter, frozen products, milk, and others. Frozen products are projected to have the largest share because frozen food products include a wide variety of food products such as ice-cream, tofu, paneer, yogurt, and others which are in high demand in the market place and are also utilized more milk packaging as compared to other end-use. According to dairy foods, the global ice cream, revenue was esteemed to be US$54.80 billion in 2016 and this is resulting in more demand for milk packaging.

Regional Analysis:

Geographically, the global milk packaging market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The Asia Pacific is the dominating region and is anticipated to continue its dominance during the forecast period of 2019-2026. The contributing factors include the Asia Pacific is one of the homes of the world's largest manufacturing food & beverage plant, coming up with wide varieties of milk products in this region, more people moving to urban areas foster to generate more dairy product requirements due to change in lifestyle and others are accountable to the increasing growth of the market.  

Europe and North America are anticipated to experience strong growth in the milk packaging market during the forecast timeline. Some of the contributing factors which propel to the growth of the market include the wide utilization of dairy product for different food items, cereal is mostly consumed with milk and is the main breakfast food product that people in this region consume, the growth of use of dairy products in restaurant and food manufacturing industries, and others. According to the Food and Agriculture Organisation of the United Nations, Europe is accounted to produce 226.4 million tonnes in 2018, which is a growth of 0.8 percent from 2017.

Segmentation

Key Industry Developments

• In April 2019, Blackstone announced its acquisition of Essel Propack the world largest speciality packaging. This acquisition result to launch open offer at Rs 139/share.


• In April 2017, Tetra Pak has declared its acquisition Big Drum Engineering GmbH to propel its ice- offerings