Global Dairy Packaging Market Overview:
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 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 products across the world. The companies are adopting new technologies to improve their dairy packaging. For instance, 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 is recyclable, changing the complex packaging materials. These strategies of manufacturers will drive the global dairy packaging market. According to AMA, the Global Dairy Packaging market is expected to see growth rate of 5.82%
- Increasing Consumer Preference Towards Protein-based Products
- Growing Demand for Diary Products
- Greenhouse Gas Emission due to Dairy Activities Leading to Legislative Issues
- Increasing Adoption of Packages Incorporating Small Portion Size
- Demand for Dairy Packaging for Transporting Dairy Products
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.
Some of the key players profiled in the report 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), Sealed Air Corporation (United States), Stora Enso Oyj (Finland) and Greiner Packaging international GmbH (Austria). The Vendors having a strong hold in the market are Hutamaki Group, Berry Global Group, Inc., Sealed Air Corporation, Amcor plc, Ball Corporation. Analyst at AdvanceMarketAnalytics see United States and Europe Vendors to retain maximum share of Global Dairy Packaging market by 2025. Considering Market by Package Type, the sub-segment i.e. Bottles will boost the Dairy Packaging market. Considering Market by Raw Material, the sub-segment i.e. Glass will boost the Dairy Packaging market.
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 desired 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.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dairy Packaging market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dairy Packaging market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material Suppliers, Industry Bodies, Food Packaging Manufacturers, Industry Bodies, Logistics Partners, Importers and Exporters of Dairy Packaging and Food Service Packaging Related Technology Investors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.