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(August 10, 2018)
According to the report, global dairy products packaging market was valued at approximately USD 29.83 billion in 2017 and is expected to generate revenue of around USD 40.32 billion by the end of 2024, growing at a CAGR of around 4.40% between 2018 and 2024.
New York, NY, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Dairy Products Packaging Market by Material (Plastic, Paperboard & Paper, Metal, Glass, and Others), by Product (Bottles & Jars, Pouches, Films & Wraps, and Others), and by Application (Milk, Cheese, Frozen Products, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024”. According to the report, global dairy products packaging market was valued at approximately USD 29.83 billion in 2017 and is expected to generate revenue of around USD 40.32 billion by the end of 2024, growing at a CAGR of around 4.40% between 2018 and 2024.
Dairy products include butter, cheese, ice creams, frozen desserts, yogurt, and others. Milk products have calcium, protein, fats, and vitamin D. Packaging is the process in which the products are protected from getting contaminated and are given to the consumers in perfect condition. Increasing consumer preference towards the milk which is a major source of protein, vitamin D, minerals, and calcium is a major factor propelling the demand for the dairy products packaging market. Rising population and increasing consumption of various dairy foodstuffs are also projected to drive the dairy products packaging market.
Browse through 81 Tables & 25 Figures spread over 110 Pages and in-depth TOC on “Global Dairy Products Packaging Market Size, Share, Types, Applications, Analysis and Forecast, 2017 - 2024”.
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On the basis of material, the dairy products packaging market is segmented into plastic, paperboard & paper, metal, glass, and others. Among these segments, the plastic segment is projected to dominate the market. Increasing usage of plastic packaging due to its well-known properties such as lightweight in nature, low-cost benefits, and others are considered to positively propel the market growth during forecast timeframe. Moreover, increasing consumer preferences towards convenient packaging and rising demand for increased shelf life are positively influencing the plastic dairy products packaging market growth. Such factors are anticipated to boost the growth of the market during the forecast period.
On the basis of application, the market is fragmented into milk, cheese, frozen products, and others. Milk division is estimated to hold the largest market share. Milk is the most consumed drink, which contains 12-13% of total solids thus being considered as a healthier option. Increase in the consumption of flavored milk, different milk applications such as cheese, yogurt drink, butter, and others will propel the market growth in upcoming years.
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In North America, the dairy products packaging market accounted for a significant revenue share in 2017 and the region is estimated 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. Moreover, the U.S is largest manufacturer and exporter of cheese across the globe thus anticipating to witness demand for dairy products packaging in this region. Such factors are anticipated to boost the market growth in this region in upcoming years.
Asia Pacific dairy products packaging market is projected to grow at the fastest growth rate over the forecast timeframe. This is accredited to the high rate of milk production and consumption in the emerging countries such as China, India, Philippines, and Indonesia. China is estimated to hold the leading position in the Asia Pacific for the dairy products packaging market.
Browse the full "Dairy Products Packaging Market by Material (Plastic, Paperboard & Paper, Metal, Glass, and Others), by Product (Bottles & Jars, Pouches, Films & Wraps, and Others), and by Application (Milk, Cheese, Frozen Products, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/dairy-products-packaging-market
Europe held a considerable revenue share in 2017 in the dairy products packaging market. Owing to the rapid urbanization and busy lifestyle of the consumers, the demand for packaged milk and dairy products is increasing rapidly and is also acting as the major driving factor which is propelling the market growth in this region.
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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.
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This report segments the dairy products packaging market as follows:
Dairy Products Packaging Market: Material Segment Analysis
- Paperboard & Paper
Dairy Products Packaging Market: Product Segment Analysis
- Bottles & Jars
- Films & Wraps
Dairy Products Packaging Market: Application Segment Analysis
- Frozen Products
Dairy Products Packaging Market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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