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Global Milk Packaging Market: By Product Type: Cups, Cans, Bottles, Pouches, Others; By Material Type: Glass, Plastic, Metal, Paperboard, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Milk Packaging Market Outlook
The global milk packaging market reached a value of around USD 40.1 billion in 2020. The market is further expected to grow at a CAGR of about 3% in the forecast period of 2021-2026 to reach a value of about USD 47.9 billion by 2026.
During the forecast period of 2021-2026, the Asia Pacific market is likely to experience relatively rapid revenue growth, as several developing countries, such as India and China, account for a significant production and consumption of milk.
Plastic is a significant segment of the milk packaging market in terms of material. It will also be the most optimistically growing material segment of the market in the next few years. Paperboards are also expected to grow significantly in the near future due to the increasing penetration of technological developments in the food and beverage packaging market worldwide.
In the Asia Pacific, different developing nations like India and China are the biggest milk producers and consumers in the region. Overall economic growth and heavy investment from key producers in the region would probably make the Asia Pacific a dominant player in the industry in the coming years. The prevalence of a dense population and the increase in innovations in the industry contribute to the growth factors for this area. North America and Europe are the other significant markets for the product after the Asia Pacific as their contribution to milk production and consumption is relatively lower than in the Asia Pacific.
People in the Asia Pacific region are typically tolerant of products that contain lactose, which creates new lactose-free avenues. Also, increasing concerns about child nutrition will complement dairy consumption and, thus, boost the market. In the region, the dairy trade is the primary source of income for many farmers, with the highest growth expected in the sector over the forecast period. There is a significant difference in supply and demand in countries such as India, despite being responsible for over 15% percent of global milk production. Even under these unfavourable conditions, the Indian government has decided to continue banning the imports of milk and milk products. It is supporting local farmers in large part in increasing their yield. The government also encourages foreign companies to develop domestic production. It is common in several other nations in the Asia Pacific, such as China. Thus, the focus on increasing milk production is expected to drive the growth of the milk packaging market in the region.
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Properties and Applications
Packaging is a method used to secure, transport, identify and permit product merchandising using containers and components, and should be made from materials that are most suitable for this purpose. In addition to enabling safe and hygienic product packaging, a company can distinguish its products from those of its competitors.
On the basis of type, the milk packaging market is divided into:
- Cans
- Bottles
- Pouches
- Cups
- Others
Based on material, the market is segmented into:
- Glass
- Plastic
- Metal
- Paperboard
The regional markets for milk packaging include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Market Analysis
Factors like the growing number of small households through which consumers prefer to serve single packages of consumer products are driving the development of the global milk packaging market, especially for milk and other milk products. In addition, the demand for milk as a source of calcium, minerals, vitamin D, and protein in different countries by a growing number of health-conscious consumers is adding to the growth of the industry. The availability of various flavoured milk products in the market is another factor that is expected to fuel the global industry growth over the forecast period. Therefore, a growing population and disposable per capita income are expected to lead to future profits of packaged dairy products. Besides, different milk applications in the preparation of food products are projected to drive the growth of the milk packaging market in the coming years.
Nevertheless, price fluctuations of the products used in milk packaging (aluminium, plastics, paper) can slightly impede milk packaging sales. The major developments in the global market for milk packaging towards environmentally friendly products are, however, expected to aid the industry growth in the coming years. The paperboard segment is, thus, likely to drive the maximum growth in the near future, among other kinds of materials used for milk packaging due to its recyclable properties.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global milk packaging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Amcor plc
- Industrial Development Company s.a.l.
- Stanpac Inc.
- Graham Packaging Company Inc
- Crown Holdings
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Milk Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Global Milk Packaging Historical Market (2016-2020)
8.3 Global Milk Packaging Market Forecast (2021-2026)
8.4 Global Milk Packaging Market by Product Type
8.4.1 Cups
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Cans
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Bottles
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Pouches
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Others
8.5 Global Milk Packaging Market by Material Type
8.5.1 Glass
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Plastic
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Metal
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Paperboard
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Milk Packaging Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players' Market Share
13.3 Company Profiles
13.3.1 Amcor Limited
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Demographic Reach and Achievements
13.3.1.4 Financial Summary
13.3.1.5 Certifications
13.3.2 Industrial Development Company sal
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Demographic Reach and Achievements
13.3.2.4 Financial Summary
13.3.2.5 Certifications
13.3.3 Stanpac Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Demographic Reach and Achievements
13.3.3.4 Financial Summary
13.3.3.5 Certifications
13.3.4 Graham Packaging Company Inc
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Demographic Reach and Achievements
13.3.4.4 Financial Summary
13.3.4.5 Certifications
13.3.5 Crown Holdings
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Demographic Reach and Achievements
13.3.5.4 Financial Summary
13.3.5.5 Certifications
13.3.6 Others
14 Industry Events and Developments
List of Figures and Tables
1. Global Milk Packaging Market: Key Industry Highlights, 2016 and 2026
2. Global Milk Packaging Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3. Global Milk Packaging Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4. Global Milk Packaging Historical Market: Breakup by Material Type (USD Billion), 2016-2020
5. Global Milk Packaging Market Forecast: Breakup by Material Type (USD Billion), 2021-2026
6. Global Milk Packaging Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Milk Packaging Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Milk Packaging Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Milk Packaging Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Milk Packaging Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Milk Packaging Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Milk Packaging Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Milk Packaging Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Milk Packaging Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Milk Packaging Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Milk Packaging Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Milk Packaging Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. North America Historical Price Trends and Forecast 2016-2026
19. Europe Historical Price Trends and Forecast 2016-2026
20. Asia Pacific Historical Price Trends and Forecast 2016-2026
21. Latin America Historical Price Trends and Forecast 2016-2026
22. Middle East and Africa Historical Price Trends and Forecast 2016-2026
23. Global Milk Packaging Market Structure
Key Questions Answered in the Report
In 2020, the global milk packaging market attained a value of nearly USD 40.1 billion.
In the forecast period of 2021-2026, the market is projected to grow at a CAGR of almost 3%.
By 2026, the market is estimated to reach a value of about USD 47.9 billion.
The major drivers of the market such as rising disposable incomes, increasing population, increasing health consciousness, growing demand for single serve packs of milk, and the rising consumption of milk and flavoured milk are expected to drive the market growth.
The shift towards environmentally friendly packaging is a major trend guiding the growth of the industry.
The leading region in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest market share.
The significant types of the product in the industry are cans, bottles, pouches, and cups, among others.
Glass, plastic, metal, and paperboard are the major material types in the market, with plastic and paperboard being the most significant types.
The leading players in the industry are Amcor plc, Industrial Development Company s.a.l., Stanpac Inc., Graham Packaging Company Inc, and Crown Holdings, among others.
Analyst Review
The global milk packaging market attained a value of USD 40.1 billion in 2020 driven by the rising consumption of milk and the growing demand for single serve milk packs. Aided by the rising consumption of flavoured milk, the milk packaging market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3%. The market is projected to reach USD 47.9 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the milk packaging market can be segmented into cans, bottles, pouches, and cups, among others. On the basis of material, the industry can be divided into glass, plastic, metal, and paperboard. The major regional markets in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the most significant market share. The key players in the above industry include Amcor plc, Industrial Development Company s.a.l., Stanpac Inc., Graham Packaging Company Inc, and Crown Holdings, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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