Global Dairy Plastic Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Dairy Plastic Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global dairy plastic packaging market report has been segmented on the basis of product type, application, and region
Global Dairy Plastic Packaging Market: Overview
Plastics are used in many types of food packaging and containers for a various reason such as they help to protect foods from damage, provides food safety, and extends the freshness of foods. Polyethylene terephthalate is a lightweight plastic that is specifically made to be semi-rigid or rigid which makes it more impact resistant, and helps protect food or liquids inside the packaging. Major types of plastic resins that are used in packaging are recyclable.
Global Dairy Plastic Packaging Market: Dynamics
Rapid urbanization in developed and developing countries, high milk consumption, rising demand for dairy products, coupled with adoption of eco-friendly and smart packaging solution by dairy manufacturers are some major factors expected to drive growth of the global market. In addition, manufacturers approach towards providing products in sachets, pouches, etc. is resulting in increasing demand for advanced plastic material that is convenient and gives better barrier protection is another factor expected to support growth of the global market.
Moreover, product innovation by major players, coupled with ongoing development in polystyrene material that have high processing speeds and optimal thermoforming properties is expected to further support growth of the market.
However, stringent government regulations related to use of plastic in packaging is a major factor expected to hamper growth of the global market.
Increasing investment by major players for R&D activities and development of recyclable plastic material is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities through strategic partnership is expected to further support growth of the target market to certain extent.
Global Dairy Plastic Packaging Market: Segment
Among the product type segments, the polyethylene segment is expected to dominate in the target market over the forecast period.
Among the application segments, the liquid milk segment is expected to contribute significant revenue shares in the target market over the forecast period.
Global Dairy Plastic Packaging Market: Region
The market in Asia Pacific is expected to dominate in the global market and is expected to continue its dominance over the forecast period. This can be attributed to high disposable income, rising milk consumption, and stringent government regulation related to use of plastic in emerging economies such as India and China in this region. In addition, presence of major players, coupled with approach towards providing consumers milk and dairy products in small packets and scotches at cost-effective prices is another factor expected to further support growth of the target market in this region. According to India Council of Food and Agriculture, milk production in India stood for 155.5 Mn tons in 2015 and out of the total milk processed in the country 65% to 70% is sold as liquid milk.
The markets in North America and Europe are expected to contribute significant revenue shares in the global market.
Global Dairy Plastic Packaging Market Segmentation
Segmentation by product type
- Polyethylene Terephthalate
Segmentation by application/end user
- Liquid Milk
- Milk Powders
- Condensed Milk
- Milk Ice Cream
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Amcor Limited
- Tetra Laval International S.A.
- SIG Combibloc Group AG
- Elopak AS
- Georgia-Pacific Packaging LLC
- DS Smith Plc
- Smurfit Kappa Group plc
- Weyerhaeuser Company
- Stora Enso Oyj
- Nippon Express Co., Ltd.
- Greatview Aseptic Packaging Company Limited
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