The ever-increasing population and the rising consumption of dairy products in emerging economies, such as China and India are projected to bode well for the Asia Pacific dairy containers market share in the future years. The high popularity of smaller multipacks for the storage of cheese and yogurt in these countries is another vital factor that is set to drive the market.
NEWARK, DE / ACCESSWIRE / August 7, 2024 / The dairy container market is valued at USD 27.7 billion in 2024 and is anticipated to surpass a valuation of USD 38.4 billion by 2034. The dairy container market expansion is estimated at a CAGR of 3.30% from 2024 to 2034.
The way people buy dairy products is changing due to the explosive growth of e-commerce and online grocery shopping. An increasing number of people are utilizing online channels for their shopping requirements due to the ease of purchasing goods online and having them delivered right to their doorstep.
Manufacturers of dairy containers are adjusting to this trend by creating e-commerce-optimized packaging that can survive the rigors of transit, preserve product freshness, and provide online customers with clear labeling. This offers chances for innovative packaging, such as tamper-evident seals, protective materials, and bespoke packaging solutions made for online stores.
Sustainable packaging choices are growing more popular among consumers as a result of environmental concerns. Customers are actively looking for dairy products packed in eco-friendly materials as they become more conscious of the negative impacts of plastic waste on the environment.
In response, the dairy industry is seeing a sharp increase in packaging options that are recyclable, biodegradable, and compostable. As such, manufacturers are making investments in environmentally friendly packaging innovations like reusable containers, paper-based cartons, and sustainable plastics to lessen the environmental impact of dairy packaging while still satisfying legal requirements and consumer demands for environmentally friendly goods.
The growing preference for transparent packaging providing detailed information about the ingredients, production process, and product content is expected to boost the market. The dairy packaging industry is anticipated to exhibit advanced packaging technologies as per the convenience and requirements of consumers.
The increasing concerns about food safety and quality are likely to result in high demand for novel packaging. As dairy products have a very short shelf life, packaging plays a crucial role in their distribution.
Effective packaging is capable of preventing contamination and is helpful in transportation, as well as storage. Spurred by the aforementioned factors, the dairy containers market size is set to expand in the evaluation period.
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Key Takeaways from the Dairy Container Market Report
The global market size expanded at a 2.80% CAGR from 2019 to 2023.
The bottles & jars segment holds 37.10% of market shares in 2024.
The milk application segment captured 47.30% of market shares in 2024.
The market size in the United States is projected to rise at a 2.40% CAGR through 2034.
The market size in Germany is anticipated to develop at a 2.10% CAGR through 2034.
The market size in China is estimated to surge at a 5.70% CAGR through 2034.
The market size in India is expected to increase at a 6.50% CAGR through 2034.
Note from the Analysts
"Innovation, cooperation, and sustainability investments are critical for success in the dairy container market. Businesses must set themselves apart through innovative packaging solutions while upholding strict environmental regulations as customer tastes change and sustainability becomes an invaluable motivator." Says a Lead Analyst at Future Market Insights (FMI) says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Which are Some Prominent Drivers Spearheading Dairy Containers Market Growth?
The high demand from consumers for cost-effective, sustainable, and convenient packaging solutions is anticipated to propel the demand for dairy containers in the upcoming years. The dairy packaging sector is likely to evolve and grow at a rapid pace owing to the surging demand for dairy products worldwide.
The rising number of awareness programs about food safety conducted by government bodies is compelling dairy processors to pack their products in innovative packaging formats, including dairy containers. In addition, the increasing per capita milk consumption, expansion of the modern retail sector, and rising disposable income are some of the other factors that are expected to augur well for the market.
What are the Challenges Faced by the Dairy Containers Industry?
The increasing usage of plastic and various other non-biodegradable packaging materials in dairy containers is expected to raise concerns among manufacturers and consumers globally. Governments of numerous countries are also implementing strict norms to ban the usage of plastic in food packaging solutions to protect the environment. These factors may hamper the global dairy container market growth in the forthcoming years.
Competitive Landscape
The dairy container industry is highly competitive, with significant competitors striving for market share and dominance. Established global firms, such as Amcor, Tetra Pak, and Ball Corporation, compete intensely to preserve their market leadership via product innovation, operational efficiency, and strategic collaborations. These huge companies use their vast resources, global reach, and technical skills to provide a comprehensive variety of packaging solutions adapted to the demands of dairy producers and consumers globally.
Recent Developments
In March 2024, Amcor introduced a recyclable packaging for fresh mozzarella. The AmPrima for Mozzarella will be showcased at Anuga FoodTec 2024. The product contains 97% PE content.
In January 2024, Gippsland Dairy's parent company, Chobani Australia, unveiled new reduced-plastic packaging for its Gippsland Dairy 160-gram items. This fresh design focuses on sustainability, reducing the quantity of plastic used in each product by half. Chobani plans to eliminate roughly 95,000 kilos of plastic from its operations by 2024.
Key Players in the Dairy Container Industry
Sealed Air Corporation
Bemis Company Inc.
Amcor Limited
Huhtamaki
Tetra Pak International S.A.
WestRock Company
Berry Global Group, Inc.
Mondi Group
Nampak Ltd
Ball Corporation
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Segmentation Analysis
By Packaging Format:
The industry is segregated into Liquid Cartons, Bottles & Jars, Cans & Jerry Cans, Cups & Tubs, and Folding Cartons.
By Material:
The industry is classified into Plastic {(Polyethylene (PE), Polypropylene (PP), and Polyethylene Terephthalate (PET)}, Paper & Paperboard, Glass, and Metal.
By Application:
The industry is segmented into Milk, Cheese, Cream, Butter/Ghee, Yogurt, Ice Cream, and Other Dairy Products.
By Region:
Analysis of the market has been conducted in the countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa (MEA).
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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