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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Milk Packaging Market Outlook

The global milk packaging market reached a value of around USD 43.82 billion in 2024. The market is further expected to grow at a CAGR of about 3% in the forecast period of 2025-2034 to reach a value of about USD 57.20 billion by 2034.

Global Milk Packaging Market

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During the forecast period of 2025-2034, 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.

Global Milk Packaging Market Segmentation

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.

Global Milk Packaging Market By Material

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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.

Global Milk Packaging Market By Region

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Global Milk Packaging 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 sal
  • Stanpac Inc.
  • Graham Packaging Company Inc
  • Crown Holdings
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Material Type
  • Region
Breakup by Product Type
  • Cups
  • Cans
  • Bottles
  • Pouches
  • Others
Breakup by Material Type
  • Glass
  • Plastic
  • Metal
  • Paperboard
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Amcor plc
  • Industrial Development Company sal
  • Stanpac Inc.
  • Graham Packaging Company Inc
  • Crown Holdings
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the global milk packaging market attained a value of nearly USD 43.82 billion.

In the forecast period of 2025-2034, the market is projected to grow at a CAGR of almost 3%.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034, reaching USD 57.20 billion in 2034.  

The major drivers of the market are rising disposable incomes, increasing population, growing demand for single serve packs of milk, and the rising consumption of milk and flavoured milk.

The shift towards environmentally friendly packaging and increasing variety of milks available are major trends guiding the growth of the market.

The leading regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various product types in market are cans, bottles, pouches, and cups, among others.

Glass, plastic, metal, and paperboard, among others, are the significant material types in the market.

The key players in the global milk packaging market are Amcor plc, Industrial Development Company s.a.l., Stanpac Inc., Graham Packaging Company Inc, and Crown Holdings, among others.

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