Global dairy packaging market will register a CAGR of over 5.28% during the period from 2020 to 2026.
The global dairy packaging market will register a CAGR of over 5.28% during the period from 2020 to 2026. The report offers assessment and analysis of the dairy packaging market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Details of the Report:
Report Metric |
Details |
Base Year |
2019 |
Historical Data |
2017 and 2018 |
Forecast period |
2020-2026 |
Market Representation |
Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026 |
Segments Analyzed |
By Raw Material, By Application, By Product, and By Region |
Regions Analyzed |
North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa |
Introduction
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.
Market Growth Dynamics
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.
North American Market To Attain Dominant Position During Forecast Timeline
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.
Key players profiled in the report 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.
The global dairy packaging market is segmented as follows:
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 2020-2026
The CAGR of the industry is expected to be nearly approximately 5.28% 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.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed