Dairy Products Packaging Market Size, Share, Growth Report 2030

Dairy Products Packaging Market: Industry Prospective

The global dairy products packaging market was worth around USD 29.7 billion in 2021 and is estimated to grow to about USD 38.23 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.3 percent over the forecast period. The report analyzes the dairy products packaging market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the dairy products packaging market.

Dairy Products Packaging Market: Overview

The dairy products packaging market is expected to rise at a steady CAGR through the forecast period and plays a crucial in the global dairy products marketplace. Packaging is crucial in the dairy industry as it is a part of distribution and marketing as well, so the demand for a good packaging solution in the dairy industry is always high.

Rising consumption of dairy products, increasing demand for fresh products, rising international import and export activities, and the demand for antiseptic packaging to keep the products contamination-free are some major factors that could boost dairy products packaging market growth through 2028.

COVID-19 Impact:

The COVID-19 pandemic resulted in massive losses for multiple markets as the world economy was struck by the sudden shock of lockdowns that restricted trade and industrial activity in an extreme manner. Disruptions to supply chains, shuttered sales and distribution channels, lack of raw materials are some major factors that restrained market growth in 2020. The product prices were hiked in this era due to limited availability and this also hampered dairy products packaging market growth in this period.

The pandemic brought the industrial sector to a near standstill and plunged the dairy products packaging market into a negative growth trend. The negative trend of the market is expected to diminish as the pandemic subsides and manufacturing and production activities return to normal.

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Dairy Products Packaging Market: Growth Drivers

Increasing demand from Growing Population

Dairy products have been an essential part of a healthy diet and hence have been a staple in meals across the world. As the population of the world increases so does the consumption of dairy products as well and this is projected to subsequently favor dairy products packaging market growth through 2028. Increasing awareness of health and fitness has spawned a demand for protein-rich dairy products and this trend is expected to be further bolstered over the forecast period. The dairy products packaging market is expected to rise at a steady pace through 2028 on the back of the aforementioned factors.

Dairy Products Packaging Market: Restraints

Regulations Against Use of Plastics in Packaging

Dairy product packaging consists of plastic and this is a major environmental concern as waste management becomes a prime concern to combat the climate emergency that the world is facing. Governments across the world are implementing regulations to constrain the use of plastics in packaging to avoid harmful waste and reduce waste volume. Dairy product packaging companies are struggling to find alternatives to plastic and the ones that are available have a huge impact on profit margins and result in a drop in overall revenue potential. Strict regulations and necessary compliance are expected to restrain dairy products packaging market growth to a certain extent through 2028.

Global Dairy Products Packaging Market: Segmentation

The global dairy products packaging market is segregated based on raw material, product, application, and region.

By raw material, the market is divided into glass, paper & paperboard, plastic, metal, and others. The paperboard segment is expected to emerge as highly popular over the forecast period owing to its high recyclable potential and compliance with the new sustainability norm that is rising among consumers. The potential of increasing the shelf life is expected to drive demand for more sustainable dairy packaging solutions.

By Application, the dairy products packaging market is segmented into milk, cheese, yogurt, and others. Milk is the most popular dairy product and is consumed on a global scale, since its composition is highly nutrient-rich it is considered as one of the building blocks of a healthy diet. This is what makes milk the most popular dairy product and demand for packaging of this commodity has a dominant outlook in the dairy products packaging marketplace through 2028.

Report Scope:

Recent Developments

• In June 2021 – Huhtamaki a global food packaging giant announced the complete acquisition of Jiangsu Hihio-Art Packaging Co. Ltd. which will aid Huhtamaki to strengthen its position in the Asian market and propel sales of packaging solutions such as folding cartons, bags, paper wraps, etc.

Dairy Products Packaging Market: Regional Landscape

North America region leads the global dairy products packaging market in terms of revenue and volume share and is anticipated to maintain its dominant stance through the forecast period. Increasing production of dairy products in this region and rising sales of the same are expected to be major factors responsible for dairy products packaging market growth in this region. Increasing consumption of cheese and yogurt products is also predicted to boost dairy products packaging market growth through the forecast period.

The market for dairy product packaging in the Asia Pacific region is projected to exhibit growth at the fastest CAGR through 2028. The increasing consumption of dairy products by the rising population in nations of China, India, and Indonesia is expected to be a major factor propelling the dairy products packaging market growth in this region. The presence of key dairy product providers, increasing purchasing power, and rising awareness about health and fitness are some other factors that guide dairy products packaging market growth through 2028.

Dairy Products Packaging Market: Competitive Landscape

Some of the main competitors dominating the global dairy products packaging market include - Huhtamaki; Berry Global Group, Inc.; Bemis Company Inc.; Amcor Limited; Ball Corporation; Tetra Pak International S.A.; Sealed Air Corporation; WestRock Company; Mondi Group; and Nampak Ltd.

The global dairy products packaging market is segmented as follows:

By Raw Material

• Plastic
• Paper & Paperboard
• Glass
• Metal

By Product

• Rigid
• Flexible

By Application

• Milk
• Cheese
• Yogurt
• Others

By Region

• 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 the Middle East & Africa