The global milk packaging market is expected to grow at a CAGR of around 3% during 2019-2024. Milk packaging refers to the procedure of utilizing different types of containers to carry, identify, protect and enable merchandizing of milk. It aids in extending the shelf life of the packaged milk from a few hours to weeks and months. It acts as a barrier against microorganisms and other external factors like light and moisture. Apart from this, milk packaging plays a crucial link between the manufacturer and consumer for the safe delivery of the milk through different stages of production, storage, transportation, distribution and marketing. It also enables manufacturers to differentiate their products from those of their competitors.
Milk is a rich source of vitamins, minerals, proteins and fatty acids, and it assists in maintaining healthy bones, enhancing the immune system and preventing diseases like hypertension. Consequently, the demand for milk is increasing significantly which, in turn, is strengthening the growth of the global milk packaging market. Moreover, due to growing environmental awareness and consumers preference toward the usage of eco-friendly packaging materials, numerous manufacturers are financing in research and development (R&D) activities to introduce innovative packaging solutions. Further, the rising demand for single-serve milk packs is anticipated to impel the market growth in the upcoming years. Some of the other growth inducing factors are increasing global population, inflating income levels, rising number of health-conscious consumers, diversified applications of milk in the food and beverage industry and the easy availability of flavored milk variants in the market.
IMARC Group’s latest report provides a deep insight into the global milk packaging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the milk packaging market in any manner.
The report has also analyzed the competitive landscape of the market with some of the key players being 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 , etc.
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