Market Size of Dairy Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.61 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dairy Packaging Market Analysis
The dairy packaging market was valued at USD 21.51 billion in 2020 and is expected to reach USD 28.08 billion by 2026 and grow at a CAGR of 4.61% over the forecast period (2021 - 2026). The growing culture of healthy snacking, higher consumption of ready-to-eat foods, and the rise in online and mobile shopping are altering how food is purchased and consumed. This, coupled with the changing consumer lifestyles to more health-conscious eating, is expected to impact the market.
- The increasing availability of packaged dairy products through various retailing channels owing to the rising population and changing diets coupled with an increasing consumer preference toward protein-based products is expected to increase the adoption of dairy-based products across the world, driving the market forward.
- The growing focus of the dairy manufacturers on capturing a share in the global dairy trade through best-in-class international export and local production capabilities has fueled the demand for better dairy-based packaging solutions.
- The primary factor behind the expansion of sales of dairy products is the different types of packaging available nowadays. For instance, earlier milk was available only in gable-topped cartons. Still, milk is delivered in portable, brand-friendly PET bottles, which is an attractive option for increasingly busy consumers.
Dairy Packaging Industry Segmentation
As millennials seek out healthy and all-natural products, dairy is often positioned as an attractive option. Numerous research studies have demonstrated that dairy, whether low or full-fat, offers health benefits, from combatting diabetes to boosting bone density, improving memory and complete mental health.
| By Material | |
| Plastic | |
| Paper and Paperboard | |
| Glass | |
| Metal |
| By Product | |
| Milk | |
| Cheese | |
| Frozen Foods | |
| Yogurt | |
| Cultured Products |
| By Package Type | |
| Bottles | |
| Pouches | |
| Cartons and Boxes | |
| Bags and Wraps | |
| Other Package Types |
| By Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
Dairy Packaging Market Size Summary
The dairy packaging market is experiencing significant growth, driven by evolving consumer preferences and technological advancements in packaging solutions. The shift towards healthier snacking and the increased consumption of ready-to-eat foods are reshaping purchasing behaviors, with a notable rise in online and mobile shopping. This trend is further supported by a growing consumer inclination towards protein-based products, which is boosting the demand for packaged dairy goods. Dairy manufacturers are focusing on enhancing their global trade presence through improved export and local production capabilities, which in turn is fueling the need for advanced packaging solutions. The market is also benefiting from innovations in packaging, such as the transition from traditional gable-topped cartons to more convenient and appealing options like PET bottles, catering to the needs of busy consumers.
Regionally, North America holds a dominant position in the global dairy packaging market, largely due to the increased production and consumption of dairy products such as milk, cheese, and yogurt. The United States, in particular, is witnessing a surge in dairy product consumption, which is expected to further drive the market. The popularity of yogurt in PET bottles is prompting manufacturers to explore new packaging options, thereby enhancing market dynamics. The competitive landscape of the dairy packaging market is characterized by the presence of major players like Berry Global Group, Inc., Sealed Air Corporation, and Amcor plc, who are leveraging innovative and sustainable packaging solutions to expand their market share. Recent strategic moves, such as Huhtamaki's acquisition of Jiangsu Hihio-Art Packaging Co. Ltd. and Ball Corporation's plans to establish a new facility in Kentucky, underscore the industry's focus on enhancing packaging capabilities and tapping into emerging markets.
Dairy Packaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increasing Consumer Preference Towards Protein-based Products
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1.1.2 Increasing Adoption of Packages Incorporating Small Portion Size
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1.2 Market Challenges
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1.2.1 Greenhouse Gas Emission due to Dairy Activities Leading to Legislative Issues
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2. MARKET SEGMENTATION
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2.1 By Material
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2.1.1 Plastic
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2.1.2 Paper and Paperboard
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2.1.3 Glass
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2.1.4 Metal
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2.2 By Product
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2.2.1 Milk
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2.2.2 Cheese
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2.2.3 Frozen Foods
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2.2.4 Yogurt
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2.2.5 Cultured Products
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2.3 By Package Type
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2.3.1 Bottles
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2.3.2 Pouches
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2.3.3 Cartons and Boxes
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2.3.4 Bags and Wraps
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2.3.5 Other Package Types
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2.4 By Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia Pacific
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2.4.4 Latin America
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2.4.5 Middle East and Africa
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Dairy Packaging Market Size FAQs
What is the current Dairy Packaging Market size?
The Dairy Packaging Market is projected to register a CAGR of 4.61% during the forecast period (2024-2029)
Who are the key players in Dairy Packaging Market?
Huhtamaki Group, Berry Global Group, Inc., Sealed Air Corporation, Amcor plc and Ball Corporation are the major companies operating in the Dairy Packaging Market.
