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 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.
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.
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.
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.
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.
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 Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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.
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:
List of Figures
1. Market research process
2. Market research methodology
3. Global dairy products packaging market revenue, 2015 – 2024 (USD Million)
4. Porter’s five forces analysis
5. Dairy products packaging market attractiveness analysis, by sample segment
6. Dairy products packaging market attractiveness analysis, by product segment
7. Dairy products packaging market: market attractiveness analysis, by application segment
8. Dairy products packaging market: market attractiveness analysis, by regional segment
9. Company market share analysis, 2017
10. Global dairy products packaging market revenue share by material, 2017 and 2024
11. Global dairy products packaging market for the plastic market, 2015 – 2024 (USD Million)
12. Global dairy products packaging market for paperboard & paper market, 2015 – 2024 (USD Million)
13. Global dairy products packaging market for the metal market, 2015 – 2024 (USD Million)
14. Global dairy products packaging market for glass market, 2015 – 2024 (USD Million)
15. Global dairy products packaging market for others market, 2015 – 2024 (USD Million)
16. Global dairy products packaging market revenue share by product, 2017 and 2024
17. Global dairy products packaging market for bottles & jars market, 2015 – 2024 (USD Million)
18. Global dairy products packaging market for pouches market, 2015 – 2024 (USD Million)
19. Global dairy products packaging market for films and wraps market, 2015 – 2024 (USD Million)
20. Global dairy products packaging market for others market, 2015 – 2024 (USD Million)
21. Global dairy products packaging market revenue share by application, 2017 and 2024
22. Global dairy products packaging market for the milk market, 2015 – 2024, (USD Million)
23. Global dairy products packaging market for the cheese market, 2015 – 2024, (USD Million)
24. Global dairy products packaging market for frozen products market, 2015 – 2024, (USD Million)
25. Global dairy products packaging market for others market, 2015 – 2024, (USD Million)
List of Tables
1. Dairy products packaging market: market snapshot
2. Drivers of global dairy products packaging market: impact analysis
3. Restraints of global dairy products packaging market: impact analysis
4. North America dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
5. North America dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
6. North America dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
7. U.S. dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
8. U.S. dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
9. U.S. dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
10. Canada dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
11. Canada dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
12. Canada dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
13. Mexico dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
14. Mexico dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
15. Mexico dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
16. Europe dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
17. Europe dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
18. Europe dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
19. UK dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
20. UK dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
21. UK dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
22. Germany dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
23. Germany dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
24. Germany dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
25. France dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
26. France dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
27. France dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
28. Spain dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
29. Spain dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
30. Spain dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
31. Italy dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
32. Italy dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
33. Italy dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
34. Rest of Europe dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
35. Rest of Europe dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
36. Rest of Europe dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
37. Asia Pacific dairy products packaging market revenue, by material, 2015 – 2024 (USD Million)
38. Asia Pacific dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
39. Asia Pacific dairy products packaging market revenue, by application, 2015 – 2024 (USD Million)
40. China dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
41. China dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
42. China dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
43. Japan dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
44. Japan dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
45. Japan dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
46. India dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
47. India dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
48. India dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
49. Southeast Asia dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
50. Southeast Asia dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
51. Southeast Asia dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
52. South Korea dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
53. South Korea dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
54. South Korea dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
55. Australia dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
56. Australia dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
57. Australia dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
58. Rest of Asia Pacific dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
59. Rest of Asia Pacific dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
60. Rest of Asia Pacific dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
61. Latin America dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
62. Latin America dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
63. Latin America dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
64. Brazil dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
65. Brazil dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
66. Brazil dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
67. Argentina dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
68. Argentina dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
69. Argentina dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
70. Rest of Latin America dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
71. Rest of Latin America dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
72. Rest of Latin America dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
73. Middle East and Africa dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
74. Middle East and Africa dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
75. Middle East and Africa dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
76. GCC Countries dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
77. GCC Countries dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
78. GCC Countries dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
79. Rest of Middle East & Africa dairy products packaging market revenue, by material , 2015 – 2024 (USD Million)
80. Rest of Middle East & Africa dairy products packaging market revenue, by product, 2015 – 2024 (USD Million)
81. Rest of Middle East & Africa dairy products packaging market revenue, by application , 2015 – 2024 (USD Million)
Dairy products include butter, cheese, ice creams, frozen desserts, yogurt, and others. Milk is the most consumed drink, which contains 12-13% of total solids thus being considered as a healthier option. Milk products offer calcium, protein, fats, and vitamin D. As dairy products have very less shelf time they cannot be preserved for a longer duration, hence packaging plays a major role in storing and shipping of these products. Packaging is the process in which the products are protected from getting contaminated and is supplied to the consumers in perfect condition. Moreover, the main aim of dairy products packaging is to grab the consumer attention and convey the supplier’s message. Mainly, packaging provides the information about the product contents, procedure, ingredients, and others.
Increasing population and the rising availability of packaged dairy products across various retailing channels are the major factors driving the dairy products packaging market. Moreover, increasing number of consumer preference towards the milk which is a major source of protein, vitamin D, minerals, and calcium is the factor propelling the demand for dairy products. Availability of various dairy products such as cottage cheese, cheese, butter, yogurt, and others which are largely used in various food preparations is also a strong factor anticipated to drive the market growth. Increased consumption of various dairy foodstuffs owing to its health benefits results in rising demand for fresh dairy food products which, in turn, is projected to drive the dairy products packaging market. All these factors are considered to increase the demand for the market during the forecast period.
On the basis of material, dairy products packaging market is classified into plastic, paperboard & paper, metal, glass, and others. Based on the product, the market is segmented into bottles & jars, pouches, films & wraps, and others. On the basis of the application, the market is categorized into milk, cheese, frozen products, and others.
North America held considerable revenue share of the dairy products packaging market in 2017 and the region is projected to continue with its regional domination over the forecast period. This growth is attributed due to the increasing demand for dairy products such as yogurt, cheese, butter, and others among the population. Moreover, the U.S. is largest manufacturer and exporter of cheese across the globe which is also anticipated to witness demand for dairy products packaging in this region. Asia Pacific dairy products packaging market is projected to grow at the fastest growth rate over the forecast timeframe. This is accredited to the major production and consumption of milk in the emerging countries such as China and India.
Some of the most important market players in the global dairy products packaging market are Blue Ridge Paper Products, Mondi, Tetra Pack, RPC Group, Indevco, Ball Corporation, CKS Packaging, Bemis Company, Inc., Exopack Holdings, Rexam, Amcor Limited, Evergreen Packaging, Ball, Elopak, Clondalkin Group Holdings, Essel Propack, Crown Holdings, Fabri-Kal, Global Closure Systems, Consolidated Container, and Graham Packaging
Growing population, increasing consumption of dairy products, rising demand for sustainable packaging are some major trends that guide dairy products packaging market growth.
According to the Zion Market Research report, the global dairy products packaging market was worth about US$ 29.7 billion in 2021 and is predicted to grow to around US$ 38.23 billion by 2028, with a compound annual growth rate (CAGR) of around 4.3 percent.
The 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 is expected to be a major driver in this region.
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.
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