Global Milk Packaging Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Global Milk Packaging Market Overview:

“The global Milk Packaging Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Milk is a liquid and therefore requires a container at every stage of transportation from the cow to the consumer. Packaging of milk is an important factor in order to increase the life of the milk and milk products.

Increasing consumption of milk in developed and developing countries, advancements in packaging methods, coupled with rising environmental concern and growing milk industry approach towards eco-friendly packaging are major factors driving growth of the milk packaging market. In addition, growing concerns regarding health among individuals and increasing demand from milk industry for cost effective packaging solutions are other factors expected to boost growth of the global milk packaging market. Moreover, growing demand for flavored milk, demand for advanced packaging methods that increases the shelf life of the product is expected to support growth of the global milk packaging market.

However, high cost of raw material is a major factor restraining growth of the global milk packaging market. in addition, stringent government regulation related to use of plastic packaging is expected to challenge growth of the global milk packaging market to certain extent.

Technological advancements and increasing R&D activities by manufacturers is expected to create new opportunities in terms of revenue to players operating in the global milk packaging market over the forecast period.

Asia Pacific market is expected to dominate in the global milk packaging market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing consumption of milk, demand for flavored milk, and presence of prominent players operating in countries in this region. According to Global Agricultural Information Report, in 2017, fluid milk production increased by four percent to 160 million metric tons (MMT) compare to previous year. North America and Europe markets account for significant revenue shares in the global milk packaging market followed by markets in Latin America and Middle East & Africa respectively. The market in Europe is projected to register fastest growth in terms of revenue.

Global Milk Packaging Market Segmentation:

By Packaging Type:

• Cups
• Cans
• Bottles
• Pouches

By Material:

• Glass
• Plastic
• Metal
• Paperboard

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa