Market Share of Milk Packaging Industry
The milk packaging market is fragmented as unorganized players directly impact the existence of local and global players in the industry. Local farms use e-commerce and can attract customers by providing convenience and flexibility. Moreover, the growth in milk production is driving the players to develop better packaging solutions, making the milk packaging market highly competitive. Some of the key players in the market are Evergreen Packaging LLC, Elopak AS, Tetra Pak International SA, Stanpac Inc., and Ball Corporation. These players constantly innovate and upgrade their product offerings to cater to the increasing market demand.
- March 2024: Elopak, a Norwegian food packaging company, commenced construction on its inaugural US production facility at the Little Rock Port Authority. With an investment of USD 70 million, the plant is set to manufacture cartons for various products, including milk, juices, plant-based items, and liquid eggs. Installation of production equipment is slated for the fourth quarter of 2024, with the facility aiming for full operational status by the first quarter of 2025.
Milk Packaging Market Leaders
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Stanpac Inc.
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Mondi PLC
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Tetra Pak International SA
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Ball Corporation
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Pactiv Evergreen Inc.
*Disclaimer: Major Players sorted in no particular order
