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2020-03-14
690
Global
Rising consumption of milk due to its high nutritional and health-related benefits is significantly raising the need for its proper packaging. Appropriate packaging of milk plays a vital role as it increases the shelf life of milk and helps in efficient & safe delivery of milk to the end users. Growing environmental awareness and rising preference towards the usage of eco-friendly packaging material for milk and other products is increasing the spending on R&D to produce innovative packaging solutions. In 2016, researchers of U.S. Department of Agriculture developed an edible and biodegradable packaging film with the help of milk protein named casein i.e. 500 times efficient in keeping oxygen away from the product and enhance its shelf life. Moreover, government is also taking initiatives in the reduction of usage of plastics in the packaging of milk. For instance, UK’s Food and Farming Department provided the instruction to dairy industry to reduce the usage of plastics in milk packaging that is expected to reduce up to 50% by the end of 2020.
The global milk packaging market is classified on the following basis:
Based on Packaging Type
Based on Materials
Based on Geography
Rising demand for packaged milk and high rate of milk consumption in emerging economies such as China, India, Philippines and Indonesia is increasing the business opportunities for milk packaging market players in Asia-Pacific region. Asia-Pacific milk packaging market dominated the global milk packaging market with a market share of 32.5% in 2019.
Europe and North America region together expected to occupy 33.0% revenue share in global milk packaging market in 2025. Rapid urbanization and hectic lifestyle of the population is raising the demand for packaged milk and packaged dairy products in these regions. Moreover, Middle East & Africa is one of the fastest growing regions in milk packaging market, owing to rapid urbanization in major countries such as UAE, Saudi Arabia and others. In terms of packaging, rising demand for light weight and eco-friendly packaging for dairy products in countries such as Saudi Arabia, the UAE, Kenya and Israel is likely to boost the growth of Middle East and Africa milk packaging market.
Growth drivers that propel the market of packaging robot are:
Growing demand for packaged milk and other dairy products are the two major factors which is creating a huge pressure on the dairy product manufacturers to increase the supply of products into the market. The food product manufacturers are inclining towards quality and bio-degradable packaging. Advancement in packaging machinery allows the manufacturers to introduce their product in attractive and multiple serve packaging. Growing demand for single serve milk packaging is expected to provide remarkable opportunities for milk manufacturers to gain huge consumer attraction. However, increasing cost of raw materials such as paper, plastic and aluminum used for packaging and ensuring product compliance and safety are some of the key factors restraining the growth of global milk packaging market. Moreover, introduction of stringent government regulations to minimize the harmful effects on environment from toxic material based packaging are building major challenges for the food and beverage industry to maintain their profit margin. High cost of eco-friendly packaging is a major factor which creates cynicism among the product manufacturers to adopt those packaging.
Market Synopsis
Market Segmentation
The Global Milk Packaging Market is segmented as follows:
By Regions
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
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