The Global Dairy Products Packaging Market to Reach Revenues of Over $43 Billion by 2024- Market Research Report by Arizton

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Sep 11, 2019, 11:00 ET

CHICAGO, Sept. 11, 2019 /PRNewswire/ -- According to Arizton's recent research report Dairy Products Packaging Market – Global Outlook and Forecast 2019-2024, the global dairy products packaging market is expected to reach revenues of over $43 billion by 2024, growing at a CAGR of over 3% during the period 2018−2024.

Key Highlights Offered in the Report:

With the prices of dairy products expected to reduce, the incorporation of active and intelligent packaging is expected to witness strong growth in the dairy sector
From the liquid carton perspective, with over 75% of the material being paperboard, the procurement cost is high as only virgin paper fibers are used for liquid cartons
Vendors with a portfolio of products that include bioplastics will have exposure to higher opportunities over the next 5 years
Dairy exports from the US remained flat in the second half of 2018 as the dairy industry faced revenue and volume loss on account of revised tariffs by China. The majorly impacted items included cheese, butterfat, and milk powder, which witnessed a slump of more than 30% in volume. However, the impact was offset by higher sales to other regions such as Southeast Asia
From the geographic perspective, Germany, the UK, and France control over 60% of the milk production in Europe and is a major hub for dairy processing too. Packaging demand is expected to grow over $3 billion in near future from these three countries
The shift from HDPE to PET in the rigid plastic segment is expected to be rapid during the second half of the forecast period as it cuts cost by over 10%. With aseptic packaging solutions for PET gaining popularity (which was not robust until a few years ago), the dependence of HDPE and liquid cartons is expected to be negatively impacted over the next few years

Key Offerings:

Market Size & Forecast by Revenue | 2018−2024
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by packaging, material, products, and geography.
Competitive Landscape – Profile of 6 key vendors and 21 other vendors

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Dairy Products Packaging – Segmentation

The rigid plastic packaging segment holds over 80% share of the rigid dairy packaging market.
The availability of pouch making machinery and raw materials is a major factor for the high adoption of flexible pouches in the dairy product packaging market
The packaging of butter and cream products is expected to gain prominence during the forecast period as they are considered natural and healthy

Market Segmentation by Packaging

Rigid
Flexible
Paperboard

Market Segmentation by Application

Milk
Cheese
Butter and Cream
Others

Market Segmentation by Products

Liquid Carton
Pouches
Bottles, Jars, and Cans
Others

Market Segmentation by Geography

North America
Europe
MEA
APAC
Latin America

Dairy Products Packaging – Dynamics

Advancements and innovations in the field of nanotechnology are likely to enhance the efficiency of dairy product packaging market. The use of nanotechnology provides robust solutions for refining or monitoring of dairy food products, thereby increasing safety, quality, and shelf life of dairy products. The introduction of nanotechnology-based food packaging is expected to be a significant driver for the dairy packaging market.

Key Drivers and Trends fueling Market Growth:

Growth of Flexible Packaging in Dairy Categories
Increase in Pouch Packaging among End-users
Shift from Rigid to Flexible Packaging
Increased Usage of Active and Intelligent Packaging Material

Dairy Products Packaging –Geography

Europe and North America holds over 50% of the dairy packaging market. Australia, Japan, China, Germany, France, the US, and Canada are the major dairy packaging market as their spend on F&B and dairy products is relatively high. The dairy packaging market in Europe has reached maturity. The UK, Germany, and France are the three leading countries with high demand for dairy products. The demand for rigid containers and liquid cartons is growing rapidly, with rigid PET bottles and jars replacing many existing packaging forms. Portugal and Italy are expected to witness faster packaging growth rate on account of the high retail consumption. France, Germany, Italy, the UK, and Spain are the largest EU food and drink producers and are expected to provide growth momentum during the forecast period.

Request your free sample today! https://www.arizton.com/market-reports/dairy-packaging-market-report

Market Segmentation by Geography

North America

US
Canada

Europe

France
Germany
UK
Italy
Spain

APAC

China
Japan
India
Australia
South Korea

Latin America

Brazil
Mexico
Argentina

MEA

South Africa
Egypt
Saudi Arabia
Turkey

Major Vendors

Mondi
Huhtamaki
Tetra Pak
Berry Global
Elopak
Amcor

Other vendors include - Ball Corp., Constantia Flexibles, Sonoco, Sealed Air, Crown Holdings, TC Transcontinental, DS Smith, SIG Combibloc, Great view Aseptic Packaging, Ecolean, Aran Packaging, Nampak, IPI, Clondalkin, Greiner Packaging, Evergreen Packaging, RPC Group, Smurfit Kappa, Stora Enso, Uflex, Winpak, International Paper, and Aptar.

Explore our logistics and packaging profiles to know more about the industry.

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About Arizton:

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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SOURCE Arizton Advisory & Intelligence