This industry research report comprehensively segments the global dairy packaging market by type of packaging material (flexible plastic, rigid plastic, paper and paperboard, glass, metal, and others), by application (milk, cheese, frozen products, cultured products, and others), and by geography (APAC, Europe, North America, and ROW). Leading vendors analyzed in this market study are Amcor, Bemis, Mondi Group, RPC Group, and Tetra Laval.
Technavio’s market research analysts estimate the global dairy packaging market to grow at a CAGR of over 4% between 2016 and 2020. The increasing demand for dairy products calls for innovations in terms of the packaging material. The investments made by various vendors in the global dairy products packaging for the development of new technologies is the primary driver for the growth of the market. North America dominated the global dairy packaging market in 2015 accounting for over 30% of the overall market revenue. The increasing preference for packaged food products, the rapid expansion of the retail network, growth of major industries, and rise in population density are some of the factors responsible for the growth of the dairy packaging market in this region.
The new market research report from Technavio provides a breakdown and analysis of the dairy packaging segments by types of packaging material.
“Companies are introducing fresh and inventive products due to the increasing demand for dairy products. This triggers an upsurge in the demand for dairy packaging. The intense competition prompts companies to introduce new, innovative products for packaging to save their market position. The introduction of such original and advanced products will have a positive impact on the global dairy packaging market,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
At present, the flexible plastic segment accounts for the majority of the revenue from the global dairy packaging market. Advantages such as cost benefits, reduction in landfill waste, and reduction of energy required in their manufacturing process are factors that will fuel the growth of the flexible plastic segment during the forecast period. This market is characterized by innovative offerings such as biaxially-oriented polyethylene terephthalate (BoPET) which is made from stretched polyethylene terephthalate (PET) and has high tensile strength chemical stability, transparency, and reflectivity.
The key vendors in the global dairy packaging market include Amcor, Bemis, Mondi Group, RPC Group, and Tetra Laval. This market is characterized by the presence of many vendors manufacturing a variety of packaged dairy products. The market is also competitive, with vendors competing on the basis of product differentiation, portfolios, and pricing to gain maximum market shares. Due to the presence of numerous international and local suppliers, the market is highly fragmented, and providers adopt effective marketing and promotion strategies to offer new and improved products to the consumers.
A more detailed analysis is available on the Technavio report, Global Dairy Packaging Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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