Infant Formula Packaging Market Trend, Share, Growth, Size and Forecast 2032

Infant Formula Packaging Market Insights

According to the report published by Zion Market Research, the global Infant Formula Packaging Market size was valued at USD 305.23 Million in 2023 and is predicted to reach USD 561.15 Million by the end of 2032. The market is expected to grow with a CAGR of 7% during the forecast period. The report analyzes the global Infant Formula Packaging Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Infant Formula Packaging industry.

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Global Infant Formula Packaging Market: Overview

Infant formula provides babies with precisely what is required during the early months of their life. This includes essential nutrients such as carbohydrates, fats, proteins, vitamins, and minerals. In varying degrees, the process of processing, storage, and handling infant formula may have unfavorable effects on the nutritional value. Thus, the infant formula needs to meet stringent standards coupled with safe filling and high-quality packaging.

Global Infant Formula Packaging Market: Growth Factors

The global infant formula packaging market is growing at a lucrative rate. Growing demand for high-quality & hygienic packaging, increasing innovations in infant formula packaging, and rising adoption of infant formula for babies are some of the prime factors that are driving the growth of the global infant formula packaging market. An increase in female participants in the labor market, rapidly growing urbanization, key marketing strategies, and effective advertisements to attract customers are the primary features that are leading to the significant surge in the demand for infant formula.

This is ultimately resulting in the rise in the infant formula packaging market. Quality and safety are the top priority for parents when buying infant formula. Packaging eliminates the effects of environmental factors including microorganisms, temperature, humidity, oxygen, and light on the milk powder as it separates the infant formula from the surrounding environment. It also avoids chemical and physical changes in the nutrient content.

All these factors are contributing to the growth of the global market. Moreover, huge investments made by the key players to add premium appearance while highlighting the label and brand image are also boosting the growth of the market. Furthermore, advancements in technology such as bi-injected and non-detachable tamper-evident infant formula packaging that promotes product quality and safety may open advantageous opportunities for the growth of the global infant formula packaging market over the forecast period. However, strict regulations for packaging put forth by the regulatory bodies to ensure the safety and quality of the product may restrain the growth of the global infant formula packaging market.

The Covid-19 pandemic has moderately affected the growth of the global infant formula packaging market. The government of several countries across the world has imposed complete lockdown and restrictions on movement to control the spread of the infection. Thus, the key players in the infant formula packaging market had to cease all their operations. Also, the disruption in the supply chain and distribution channel affected the market growth. However, with the ease in restrictions, the key players are ensuring business continuity.

The panic buying of the infant formula led to a shortage of the product which will also speed up the production to meet the consumer demand. Also, the FDA has for now stated that there is no evidence of transmission of Covid-19 via food packaging. All these factors will support the growth of the global market amid the Covid-19 pandemic.

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Global Infant Formula Packaging Market: Segmentation

The global infant formula packaging market is categorized based on the form type, packaging format, and region.

Based on the form type, the global infant formula packaging market is split into powdered form and ready-to-feed liquid form. Among these, the powdered form segment is expected to dominate the market.

Based on the packaging format, the global market is divided into pouches, cartons, cans, and others.

Among these, the cans sector is anticipated to hold the maximum share in the market.

Infant Formula Packaging Market: Report Scope

Global Infant Formula Packaging Market: Regional Analysis

Geographically, Asia Pacific region is predicted to hold the highest share in the global infant formula packaging market over the forecast period. Factors such as an increase in sales of infant formula due to rapid urbanization and increase in disposable income are contributing to the growth of the market in this region. Moreover, the rise in demand for premium products and the increase in demand for safe & hygienic packaging from the parents are also some of the factors that are contributing to the growth of the market in Asia Pacific region. Europe is estimated to hold the second position in the global market. This is attributable to the rise in innovations in packaging and the growing necessity of environment-friendly packaging.

Global Infant Formula Packaging Market: Competitive Players

some of the key participants that are operating in the global infant formula packaging market.

• Visy Industries
• Perrigo Company
• Sonoco Europe
• Amcor Plc.
• Tetra Pak
• Silgan Holdings
• Scholle IPN
• Aptar Group
• GUALAPACK S.P.A.
• Amcor Plc.

The Global Infant Formula Packaging Market segments are as follows:

By Form Type

• powdered form
• ready-to-feed liquid form

By Packaging Format

• pouches
• cartons
• cans
• others.

Global Infant Formula Packaging Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.