According to the latest report by IMARC Group, titled “Milk Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global milk packaging market size reached US$ 40.4 Billion in 2021. Good quality and durable packaging materials are utilized to ensure the maintenance of hygiene and safe delivery of milk through the various steps of production, storage, transportation, distribution and marketing. These packaging materials act as a barrier against chemical damage and numerous external factors, such as light, dust and moisture. In addition to this, the packaging is crucial for conveying important information, including nutritional data, manufacturing and expiry date, and ingredients, to the consumers. Milk packaging also contains the brand logo and design, which is essential for product differentiation.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Milk Packaging Market Trends:
The global market is primarily driven by the rising consumption of milk, along with significant growth in the dairy industry. Milk is regarded as a complete food due to its rich content of calcium, proteins, carbohydrates, vitamins and minerals that are essential for maintaining good health. Its regular consumption is widely associated with boosting immunity, maintaining healthy blood pressure and strengthening bones and teeth, which has resulted in its increased uptake on the global level. Furthermore, product innovations and extensive research and development (R&D) have led to the introduction of eco-friendly packaging solutions that are cost- and energy-efficient in nature. This, along with several technological advancements, is acting as another major growth-inducing factor. Manufacturers are integrating advanced technological solutions with the manufacturing process to reduce the carbon footprint and minimize greenhouse gases (GHG) emissions. Increasing sales of flavored milk and single-serve milk packs and enhanced focus toward sustainable packaging solutions are some of the other factors that are providing an impetus to the market growth. On account of these factors, the market is expected to grow at a CAGR of 4.5% during 2022-2027.
- On the basis of the product type, the market has been classified into cups, cans, bottles, pouches and others.
- Based on the material type, the market has been divided into glass, plastic, metal, paperboard and others.
- On the geographical front, the market has been categorized into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Amcor Limited, Indevco, Evergreen Packaging, Stanpac Inc., Elopak AS, Ball Corporation, Graham Packaging Company Inc, SF Holdings Group Inc., RPC Group Plc, Blue Ridge Paper Products, Crown Holdings, CkS Packaging.
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