Increasing demand for dairy products as well as need for better packaging solutions for the same are among the major factors driving the global market growth

NEW YORK, NY, UNITED STATES, October 19, 2021 /EINPresswire.com/ -- New York, October 19, 2021 – Reports and Data has published its latest report titled “Dairy Packaging Market Size, Trends & Growth, By Type (Bottles, Cups, Pouches, Cans, Carton & Boxes), By Application (Cheese, Ice Cream, Cream, Yogurt And Cultured Product, Milk, Butter, Others), Forecasts To 2028”

Increasing demand for dairy products as well as need for better packaging solutions for the same are among the major factors driving the global market growth

According to Reports and Data, the global dairy packaging market size was USD 70.30 billion in 2020 and is expected to reach USD 103.66 billion 2028 and register a revenue CAGR of 6.6% during the forecast period, 2021-2028.

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Drivers, Restraints, and Opportunities:

The global dairy packaging market is being driven by increased disposable income and rising customer demand for dairy products. Increased adoption of dairy-based packaging around the world has been caused by increased availability of packaged dairy products through various retailing channels due to rising population and increasing consumer preference for protein-based goods. The popularity of smaller multipacks is growing, as is customer desire for yoghurt, ice cream, butter, and other foods, all of which are driving up packaging demand. Furthermore, manufacturers are concentrating their efforts on gaining a significant share of the global market by offering best-in-class international export and local production capabilities.

Dairy products are perishable, so suitable and effective packaging is required to make storage and transit easier. The market is expected to be driven further by rising demand for tiny packaging due to its convenience. Manufacturers are increasingly focusing on delivering products in smaller quantities, according to recent trends. Different varieties of flavoured milk products on the market are helping to drive the Global Dairy Packaging Market forward. Major trends in the worldwide dairy food packaging market include rising health consciousness, urbanisation, and consumption of diverse dairy products as a result of rising demand for fresh foods as part of a balanced diet.

Plastics and other non-biodegradable packaging materials, on the other hand, have caused worry among both customers and producers. As a result, businesses are moving toward biodegradable and environmental packaging options. Green packaging solutions are being used by manufacturers, which emphasise the use of thinner materials and encourage recycling. Environmental law is also predicted to stymie the development of dairy products, since greenhouse-gas emissions from dairy activities account for a significant portion of overall emissions in some countries, and any changes in associated policies could have an impact on dairy output.

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COVID-19 Impact Analysis

Social distancing and restrictions severely disrupted businesses and operations
Lockdowns caused disruptions in transportation and logistics
Impacted manufacturing activities and mining operations globally
Took a toll on economy of various countries
Caused sudden and drastic downturn in economic activity
Caused loss of employment and financial crisis
Supply impacts were further compounded owing to reduced disposable income
Emergence of variants continue to cause concerns and impact normal routines

Pouches and Bottles Type Segment to Account for Largest Revenue Share:

The sector is segmented into bottles, cups, pouches, cans, cartons, and boxes based on kind. Plastic is widely used in packaging because of its many advantages, including its durability and ability to withstand humidity. Plastics now make up more than 50.0 percent of all packaging. Pouches and Bottles had the greatest market share, accounting for roughly 41.0 percent of overall market share in 2020.

Milk Packaging Dominated Other Application Segments in 2020:

On the basis of application, the industry is segmented as cream, cheese, ice cream, yoghurt and cultured products, milk, butter, and others. On a global scale, the milk segment holds the highest proportion among these segments. Milk is has been an inseparable part of diets around the world. It contains a significant amount of protein as well as vital elements like Vitamin D, calcium, potassium, and B vitamins. Drinking milk and dairy products has also been shown in numerous trials to help prevent bone fractures and osteoporosis.

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Asia Pacific Accounted for a Significantly Large Revenue Share in 2020:

Due to its large consumption and production of milk and its products, the Asia-Pacific region is expected to hold the largest revenue share in terms of region. Asia-Pacific accounts for over half of worldwide dairy trade. Increasing technical improvements, as well as a growing inclination for healthy meals, are the primary drivers of market demand.

In 2020, North America held a large proportion of the global market. The popularity of flavoured milk, as well as the increasing number of dairy replacement products like as almond, coconut, and soy milk, are the key drivers of this industry's growth in this region.

Major Companies in the Market Include:

Bihai
Weyerhaeuse
Xinju Feng Pack
Jielong Yongfa
International Paper
Skylong
Ecolean
Coesia IPI
Serac
Tetra Laval
SIG Combibloc
Elopak
Amcor
Greatview
Qingdao Likang Packing
Stora Enso
Nippon Paper Group

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Tushar Rajput
Reports and Data
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