Dairy Packaging Market Definition
Dairy Packaging is used to provide a barrier to moisture, oxygen and light in order to prevent dairy products from damaging. The growing consumption of dairy products has increased the demand for the better packaging solutions. Also, the growing availability of packaged dairy products through various retailing channels owed to the increasing population and changing diets has to increase the adoption of dairy-based product across the world, hence driving the global dairy packaging market.
The market study is broken down by Type (Flexible Packaging and Rigid Packaging), by Application (Milk, Cheese, Frozen Foods, Yogurt and Cultured Products) and major geographies with country level splits. According to AMA, the Global Dairy Packaging market is expected to see growth rate of 5.05% and may see market size of USD84.82 Billion by 2024.
In Dairy Packaging Market, it has been observed that most of the companies are upgrading or introducing innovative products such as modified atmosphere packaging (MAP) with aseptic and antimicrobial properties. This type of packaging helps in extending the shelf-life of dairy products to up to 90 days under refrigeration storage by controlling the associated fungal contamination. The manufacturers rely on strategies such as mergers & acquisition, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.The Players having a strong hold in the market are Hutamaki Group, Berry Global Group, Inc., Sealed Air Corporation, Amcor plc, Ball Corporation. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Dairy Packaging market throughout the predicted period.
Huhtamaki Oyj (Finland), Berry Global Group, Inc. (United States), Bemis Company Inc. (United States), Amcor plc (Melbourne), Ball Corporation (United States), Consolidated Container Company LLC (United States), Saudi Basic Industries Corporation (Saudi Arabia), International Paper Company (United States), Winpak Ltd. (Canada) and Sealed Air Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Huhtamaki Oyj (Finland), Berry Global Group, Inc. (United States), Bemis Company Inc. (United States), Amcor plc (Melbourne), Ball Corporation (United States), Consolidated Container Company LLC (United States), Saudi Basic Industries Corporation (Saudi Arabia), International Paper Company (United States), Winpak Ltd. (Canada) and Sealed Air Corporation (United States).
AdvanceMarketAnalytics has segmented the market of Global Dairy Packaging market by Type, Application and Region. On the basis of Type, Rigid Packaging are dominating the market and held 52.37% of market share in the year 2018 where as Flexible Packaging stood as second largest market share and accounted for 47.63%.
On the basis of application, Milk segment is dominating the market and held 41.26% of market share in the year 2018 where as Cheese segment stood as second largest market.
On the basis of geography, the market of Dairy Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Package Type, the sub-segment i.e. Bottles will boost the Dairy Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In January 2019, Ardagh Group entered into the partnership with Gaya Gold to redesign ice coffee packaging in the United Arab Emirates. To get the desire shape for the packaging the size was expanded by 26% under 40 bar pressure and on both the lid and base of the can will be gold printing. and In November 2017, Berry Global Group, Inc. acquired Clopay Plastic Products Company, Inc. for amount USD 475 million. This acquisition was aimed to optimize complementary production capacities, decrease production and conversion cost, and serve better to Berry Globalís customers.
In February 2019, Aria, a Dairy producer launched the recyclable packaging in Finland. This packaging will utilize renewable wood- based paperboard for dairy products. The company will use recyclable packaging to manufacture recyclable gable- top food cartoons for the packaging of cooking products. and In April 2018, Nestle stated that they will be making 100 percent of recyclable or usable packaging by 2025. The company purposes to eliminate non-recyclable plastics and encourage the use of plastic that are recyclable, changing the complex packaging materials.
- Increasing Consumer Preference Towards Protein-based Products
- Increasing Adoption of Packages Incorporating Small Portion Size
- Greenhouse Gas Emission due to Dairy Activities Leading to Legislative Issues
Key Target AudienceRaw Material Suppliers, Industry Bodies, Food Packaging Manufacturers, Industry Bodies, Logistics Partners, Importers and Exporters of Dairy Packaging and Food Service Packaging Related Technology Investors
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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