Reusable and easy-to-pour milk pouch is a new trend transforming the milk packaging business: According to Goldstein Research, “High consumption of milk and milk products mainly in developing countries such as China, India and Brazil are propelling the milk packaging market throughout the world.” Growing preference towards the use for biodegradable material and sustainable packaging is boosting the use of eco-friendly materials such as paperboard for milk packaging.
Global milk packaging market is segmented based on packaging type and by materials used for packaging. Packaging type is further segmented into cups, bottles, cans and pouches. Among these segments, pouches segment accounted for over 50.0% market share in milk packaging market in 2016, owing to the increasing demand for small-size packaging. However, bottles segment is expected to witness a notable growth during the forecast period.
Based on packaging type, paper based packaging segment is accounted for the largest market share followed by plastics and metals. Paperboard packaging is eco-friendly and it can be easily recycled. Furthermore, it also protects the packaged products from contamination for longer period of time.
Asia-Pacific region dominated the global milk packaging market by reaching USD 16.45 billion in 2016 and is expected to maintain its dominance over the forecast period of 2016-2024 on the back huge consumer base. Flourishing consumer & retail industry in major economies such as India, China, Japan, Australia, Singapore and others is creating ample of opportunities for the food and beverages industry players.
Green Packaging: An Innovative Step
Milk is one of the highest selling products and to provide a sustainable packaging several innovative solutions are introduced in the market. Conventional high-density polyethylene (HDPE) milk bottles are being replaced by paper and low-density plastic liners which are light weight and environment friendly. GreenBottle Ltd. manufactures milk bottles whose carbon footprint is 48% lower than the conventional HDPE milk bottle. Similarly, a German chemical company BASF is working with dairy industry to produce polystyrene milk bottles with 20% reduction in the weight.
“Global Milk Packaging Market Outlook 2024” contains detailed overview of the global milk packaging market in terms of market segmentation by packaging type and by material type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
Global Milk Packaging Market Report also provides competitive outlook of some of the major players of the global milk packaging market which includes profiling of companies Tetra Pack, Amcor Limited, Indevco, Evergreen Packaging, Elopak, Clondalkin Group Holdings, CKS Packaging. etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global milk packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.