Milk Packaging Market Overview, Trends, Opportunities, Growth and Forecast by 2024

According to the latest report by IMARC Group, titled “Milk Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global milk packaging market experienced steady growth during 2011-2018. Milk packaging is utilized to carry, identify and enable merchandizing of milk while ensuring the maintenance of hygiene. These packaging solutions also act as a barrier against distribution and chemical damages as well as external factors, such as light and moisture. Apart from this, relevant information, such as nutritional value, manufacturing date and expiry date of the product, along with the brand logo and design are also labeled on the packaging, which further aids in product differentiation.

Global Milk Packaging Market Trends:

The global market is primarily driven by the increasing consumption of milk on a global level. Milk is a rich source of vitamins, calcium and proteins and is considered a complete nutritious meal in itself, owing to which it is widely consumed across the globe. Along with this, the thriving dairy industry is significantly contributing to the market growth. Moreover, extensive research and development (R&D) activities have been undertaken by numerous manufacturers to introduce eco-friendly packaging solutions in the market. An enhanced focus toward sustainable development has led to the launch of smart packaging solutions that are durable, energy-efficient, cost-effective and recyclable. Several technological advancements in the manufacturing process have enabled reduced carbon emissions, which is further creating a positive outlook for the market. The escalating demand for single-serve milk packs, along with the popularity of flavored milk and its diversified application in the food and beverage industry, are some of the other factors driving the market growth. On account of the aforementioned factors, the market is projected to grow at a CAGR of around 3% during 2019-2024.

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Insights on Market Segmentation:

Breakup by Product Type:
•    Cups
•    Cans
•    Bottles
•    Pouches
•    Others

On the basis of the product type, the market has been divided into cups, cans, bottles, pouches and others.

Breakup by Material Type:
•    Glass
•    Plastic
•    Metal
•    Paperboard
•    Others

Based on the material type, the market has been categorized into glass, plastic, metal, paperboard and others.

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Breakup by Region:
•    Asia Pacific
•    Europe
•    North America
•    Middle East and Africa
•    Latin America

Based on the material type, the market has been categorized into glass, plastic, metal, paperboard and others.

Competitive Landscape

The report has also examined the competitive landscape of global milk packaging market. Some of the major players in the market are Amcor Limited, Indevco, Evergreen Packaging, Stanpac Inc., Elopak AS, Ball Corporation, Graham Packaging Company Inc, SF Holdings Group Inc., RPC Group Plc, Blue Ridge Paper Products, Crown Holdings, CkS Packaging, etc.

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