DUBLIN, December 07, 2021--(BUSINESS WIRE)--The "Dairy Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The dairy packaging market was valued at USD 21.51 billion in 2020 and is expected to reach USD 28.08 billion by 2026 and grow at a CAGR of 4.61% over the forecast period (2021 - 2026).
Berry Global Group, Inc.
Consolidated Container Company LLC
Saudi Basic Industries Corporation
International Paper Company
Sealed Air Corporation
Stora Enso Oyj
Greiner Packaging international GmbH
Key Market Trends
Milk Occupies the Largest Market Share
Milk is the most consumed dairy product across the globe. The high content of moisture and minerals present in the milk makes it very challenging for the vendors to store it for a longer period of time. This is one of the major reasons for milk being traded as milk powder or processed milk.
With the current milk processing technology, liquid milk packed in a bottle has a shelf-life between 10 to 21 days when stored at 4-8C. With the emergence of processes like UHT (Ultra High Temperature) treatment of milk, the shelf life of packaged milk is further extended up to a year without refrigeration.
In the past four years, there has been a trend of encouraging local production, especially in the Asia Pacific region. Despite being responsible for almost 16% of the global milk production in countries like India, there is a considerable difference in supply and demand.
With the increased milk production on a global scale, packaging solutions will also witness an increased demand, which will drive the market forward.
North America Occupies the Largest Market Share
The North American region occupies the largest share in the global dairy packaging market due to the increased production and sale of dairy products, such as milk, cheese, and yogurt. Over the past few years, the consumption of dairy products in the United States has increased, especially cheese, parmesan, provolone, and mozzarella, which is likely to boost the dairy packaging market in the country.
The rapidly changing consumer preferences towards packaged food and changing economic scenarios are significantly affecting the US dairy packaging market. Considerable expansion of dairy product portfolio, primarily into sports nutrition, along with an increasing number of casual users, is expected to drive the market further.
Moreover, the increasing popularity of yogurt in PET bottles than thin wall plastic containers is compelling the manufacturers to focus on new packaging for the product. This is expected to fuel the dairy product packaging market over the forecast period.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGTHS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Industry Value Chain Analysis
4.4 Impact of COVID-19
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Consumer Preference Towards Protein-based Products
5.1.2 Increasing Adoption of Packages Incorporating Small Portion Size
5.2 Market Challenges
5.2.1 Greenhouse Gas Emission due to Dairy Activities Leading to Legislative Issues
6 MARKET SEGMENTATION
6.1 By Material
6.2 By Product
6.3 By Package Type
6.4 By Geography
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/wihdz6
View source version on businesswire.com: https://www.businesswire.com/news/home/20211207005803/en/
Laura Wood, Senior Press Manager
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