- The key vendors in the The Dairy Products Packaging Market in APAC Region 2015-2019 are Amcor Ltd., Ardagh Group, DS Smith plc, Owens-Illinois Inc. andTetra Pak International SA
London, 25 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Dairy Products Packaging Market in APAC 2015-2019. A key trend in this market is the increased demand for raw milk and other dairy products in the region. This is a result of the growing population, increased purchasing power, and growing awareness of health and fitness. And hence the demand for sustainable packaging. Vendors are developing packaging materials that are environment-friendly and more durable. Another trend expected to have a positive impact on the market is the use of advanced technology for innovative packaging. The overall market is expected to grow at a CAGR of 6.41 percent during the forecast period of 2014-2019.
The packaging of dairy products is a complex process that demands care and attention, with different dairy products having varied packaging requirements. Preservation of product freshness is the most important factor in packaging. Packaging materials are chosen according to product requirements so that products reach customers in a desirable condition.
“Sustainability is a major factor in the market. Consumers increasingly prefer dairy product packaging materials that are environment-friendly. As a result, vendors are investing in R&D to develop materials that can be recycled but do not compromise on properties such as friction, moisture, and heat resistance,” says Faisal Ghaus, Vice President of TechNavio Research.
“For instance, a new innovative technology, AeroClay, helps turn clay and other ingredients into a versatile material that is sturdy, eco-friendly, and temperature resistant. It can be used as an insulator for packaging materials and keep products fresh for longer periods of time.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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