The global dairy packaging market was worth US$ 21.7 Billion in 2018. Packaging plays a vital role in the distribution of dairy products which are highly perishable in nature. Proper and effective packaging protects the contents from contamination and facilitates storage and transportation. Over the years, dairy packaging has evolved from glass bottles to polyethylene pouches, paperboard cartons and tins to tetra packs and aluminum cans. The increasing distribution of dairy products through organized retail channels has also increased the demand for dairy packaging across the world. Moreover, packaging provides information to consumers about the product ingredients through the medium of labeling which helps in improving the marketability of the product. According to IMARC Group, the market is projected to reach a value of US$ 26.9 Billion by 2024, growing at a CAGR of 3.7% during 2019-2024.
Breakup by Packaging Material:
Based on packaging materials, flexible plastic is the most popular type of packaging material as it is light-weight and is easy to open, store and carry.
Breakup by Packaging Type:
On the basis of packaging types, single-packs currently dominate the market, accounting for the largest market share. Due to their affordability, convenience and portability, single-pack or miniaturized packaging is becoming popular.
Breakup by Product Type:
Amongst these, liquid cartons hold the largest share as milk and other fluid dairy products are packed in liquid paperboard (LPB) which is constructed from paperboard and layers of plastic.
Breakup by Application:
At present, milk exhibits a clear dominance in the market as it is consumed widely across the globe and has a short shelf-life when not appropriately packed.
Region-wise, North America enjoys the leading position in the market as there is a considerable demand for packaged dairy products in the region.
The competitive landscape is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
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