Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 23.63 Billion | USD 36.12 Billion | 4.83% | 2023 |
According to a report from Zion Market Research, the global Dairy Packaging Market was valued at USD 23.63 Billion in 2023 and is projected to hit USD 36.12 Billion by 2032, with a compound annual growth rate (CAGR) of 4.83% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Dairy Packaging industry over the next decade.
Packaging offers protection, security, information, and other advantages to the dairy items. The key aim of packaging dairy products is to protect it from spoilage or damage along with enhancing its shelf life. Furthermore, packaging also gives information pertaining to contents of the product or ingredients used in manufacturing the product. Packaging also helps in increasing increase the visual appeal of the dairy items. Apparently, proper packaging assists in preventing contamination of dairy products during transportation as well as helps in proper storage of the dairy products. Few of the containers utilized for packing of dairy items include cups, bottles, cans, tubs, and sachets as per the customer convenience and product requirement.
Escalating demand for dairy items and processed food items due to altering life patterns will uplift the business growth over the forecast timeline. The large-scale availability of packed dairy items through different distribution or sales channels/funnels due to rapidly exploding populace will steer the market demand over the forthcoming years. In addition to this, rising customer predisposition towards protein-based items will fuel the business trends.
Apparently, huge demand for tiny multipacks and huge customer preference for yoghurt, butter, and ice-cream will propel the business growth over the forecast period.
The study provides a decisive view of the dairy packaging market by segmenting the market based on bby raw material, by application, by product and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By raw material type segment analysis includes plastic, metal, glass, paper & paperboard.
By application type segment analysis includes cheese, yogurt, milk, others.
By product segment analysis includes flexible and rigid.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Dairy Packaging Market |
Market Size in 2023 | USD 23.63 Billion |
Market Forecast in 2032 | USD 36.12 Billion |
Growth Rate | CAGR of 4.83% |
Number of Pages | 110 |
Key Companies Covered | Tetra Pak International S.A., WestRock Company, Sealed Air Corporation, Berry Global Group, Inc., Nampak Ltd., Huhtamaki, Amcor Limited, Bemis Company Inc., Ball Corporation, and Mondi Group |
Segments Covered | By Raw Material, By Application, By Product And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market during the forecast timespan is credited to huge demand for packaged dairy items along with growing urbanization. Furthermore, the U.S. being the biggest exporter of cheese globally, the market for dairy packaging is anticipated to gain traction over the coming years. Apparently, escalating consumption of dairy items like dairy desserts, ice-cream, milkfat, candy bars, chocolate bars, milk chocolates, and butter in the countries like Canada and the U.S. will boost the regional industry trends.
By raw material:
By application:
By product:
By Region
FrequentlyAsked Questions
Escalating demand for dairy items and processed food items due to altering life patterns will upsurge the market expansion over 2024-2032
The CAGR of the industry is expected to be nearly approximately 4.83% during the forecast timeline.
North America will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Tetra Pak International S.A., WestRock Company, Sealed Air Corporation, Berry Global Group, Inc., Nampak Ltd., Huhtamaki, Amcor Limited, Bemis Company Inc., Ball Corporation, and Mondi Group.
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