Global Dairy Packaging Market Size, Share, Future Trend Research Report, Past & Present Data and Analysis 2022-2028
— Sion Market Research
NEW YORK, USA, Jan. 5, 2023 /EINPresswire.com/ — The global dairy packaging market size was worth approximately USD 29.7 billion in 2021 and is expected to reach approximately USD 38.23 billion by 2028, with a compound annual growth (CAGR) of around 4.3% over the forecast period. The report analyzes the drivers, restraints/challenges for the Dairy Packaging market and their effect on the demands during the projection period. Additionally, the report explores the emerging opportunities in the digital money transfer market.
The dairy packaging market is expected to witness steady growth over the forecast period and is expected to see strong demand for milk packaging globally. Dairy packaging is essential for dairy products as these products are prone to contamination and prone to spoilage, so the demand for good and efficient packaging solutions is high.
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Growing population across the world has significantly influenced the demand for dairy products, which is expected to propel the growth of the dairy packaging market. The increase in the consumption of dairy products is expected to be further bolstered by a growing awareness of health and fitness among the general population across the world. Rising awareness about the protein-rich nature of dairy products is expected to drive the growth of the dairy packaging market as it drives the consumption of dairy products globally.
Dairy product packaging companies will face the challenge of eliminating the use of plastic in their packaging arsenal, which is expected to hamper the dairy product packaging market growth till 2028.
Additionally, environmental risks associated with the use of plastic dairy packaging are expected to have a restraining effect on the global dairy packaging market. The implementation of strict mandates against the use of plastic in packaging products is expected to hamper the growth of the dairy packaging market unless dairy packaging companies find sustainable alternatives to meet sustainability standards set by governments around the world.
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Multiple restrictions have been put in place around the world and have created an unfavorable situation for several markets. The growth of smart packaging market has also been negatively affected by this pandemic due to restricted manufacturing activity, disrupted supply chains, drop in demand, etc. countries.
However, as lockdown restrictions are lifted, the dairy packaging market is expected to recover steadily through 2028. The dairy packaging market is expected to recover steadily in the post-pandemic era and see an increase in demand by the end of the forecast period as the consumption of dairy products increases.
The global dairy product packaging market is segregated on the basis of raw material, application, product and region. Based on the application, the global market is distinguished into milk, cheese, yogurt, and others. The milk segment is expected to hold a dominant position in the global dairy packaging market landscape and this is due to the large consumption of milk across the globe as a staple food of the diet.
Rising production of dairy products in this region and increasing sales of dairy products in the North American region are expected to significantly influence the growth of the dairy product packaging market in the North American region. The region is expected to maintain a dominant position throughout the forecast period and is expected to emerge as a dominant segment during the forecast period.
Rising population is driving the consumption of dairy products in the Asia-Pacific region and is expected to grow at the fastest CAGR among all other regions through 2028. India and China are expected to be the major markets for growth of the dairy packaging market in this region.
Key players operating in the global dairy products packaging market include
Berry Global Group, Inc.
Bemis Company Inc.
Tetra Pak International SA
Mondi Group; and Nampak Ltd.
Browse “Comprehensive Dairy Packaging Market By Raw Material (Plastic, Paper & Cardboard, Glass, Metal), By Product (Rigid, Flexible), By Application (Milk, Cheese, Yogurt, Others) and By Region – Global and Regional Industry Overview, Market Insights, Comprehensive Analysis, Historical Data and Forecast 2022-2028. » Report at https://www.zionmarketresearch.com/report/dairy-products-packaging-market
In January 2021, Ball Corporation, a leading name in the aluminum packaging solutions industry, announced plans to unveil a new production facility in Kentucky to produce new aluminum packaging products. Products made in this plant will be lightweight in nature and will use recyclable aluminum.
The global dairy product packaging market is segmented as follows:
By raw material
Paper and cardboard
The rest of Europe
South East Asia
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa
Rest of the Middle East and Africa
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Market Growth Drivers and Restraints
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FREQUENTLY ASKED QUESTIONS
What key factors will influence the growth of the dairy product packaging market between 2022 and 2028?
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Which region will contribute in particular to the market value of the packaging of dairy products?
Who are the key players benefiting from the growth of the dairy products packaging market?
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