Global Dairy Products Packaging Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Himanshu Patni
- March 2, 2022
- CONSUMER GOODS, NEWS
- Dairy Products Packaging Market, Dairy Products Packaging Market growth, Dairy Products Packaging Market share, Dairy Products Packaging Market size
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The global Dairy Products Packaging market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 4.5% during the forecast period (2021-2027).
The product used to wrap or protect goods, including food, beverages, is called packaging. Different packaging products provide sales & marketing benefits. However, the waste generated by these packaging and packaging materials is enormous and represents a major part of the total global waste that includes single-use plastic food packaging. For instance, in 2018, the packaging waste generated in the EU was estimated at 174.1 kg per inhabitant varying from 67.8 kg per inhabitant in Croatia and 227.5 kg per inhabitant in Germany. Also, in the EU, During 2008-2018, paper and cardboard was the leading packaging waste material with around 31.8 million tonnes in 2018. This material is followed by plastic and glass generating 14.8 million tonnes & 14.5 million tonnes of waste in 2018, respectively. Owing to the increasing waste generation coupled with lowered recycling rate is harming the earth’s environment which in turn is driving the growth of the biodegradable packaging market as it helps in reducing the packaging waste.
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The emerging number of working professionals coupled with the busy and hectic life schedule is leading to the growing number of QSR, therefore emerging demand for the Dairy Productss which is leading to the growing market of the Dairy Products packaging. As per Statista, the market size of the quick-service restaurant industry worldwide consistently increases each year. In 2019, the sector was valued at approximately 875.26 billion U.S. dollars, reflecting an increase over the previous year’s size of 862.58 billion U.S. dollars. However, as a result of the stay-at-home restrictions implemented across the globe to minimize the spread of the coronavirus, the sector was declined in 2020.
Moreover, a growing number of supermarkets and hypermarkets are supporting market growth due to the easy accessibility of Dairy Productss to consumers. The total number of supermarkets in the United States increased from 38,015 in 2015 to 38,307 in 2018. Furthermore, the Supermarket/hypermarket chains from other regions are focused on expanding their geographical reach and offering a wide range of products, which is helping in the market growth. For instance: Germany based supermarket chain announced to invest US$ 500 million and open around 50 stores in the United States.
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Based on the product, the market is fragmented into rigid and flexible. The rigid segment grabbed XX% market share in 2020. Moreover, the market of this segment would reach USD XX Mn by 2027. However, the flexible segment would witness the highest CAGR during the forthcoming years. The flexible packaging in Dairy Productss includes butter wraps and lidding solutions, pouches and lidding for yogurts and dairy-based desserts, sachets for dried milk powder, wraps for single portion ice creams, dairy snacks, and other single-serve Dairy Productss
Based on the application, the market is fragmented into Milk, Cheese, Frozen Products, Yogurt, and Others. The milk segment grabbed the major market share and dominated the market in 2020. The growing consumption of milk by the consumer and wide application in Dairy Products making is leading to the growth of the market. As per Statista, cow milk production has increased from 496.84 million metric tons in 2015 to 532.25 million metric tons in 2025.
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Additionally, the report provides detailed initiatives that are being taken in the field of Artificial Plants. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. North America region dominated the market and grabbed major market share in 2020. Increasing awareness about nutritional-rich Dairy Productss & growing demand for biodegradable packaging solutions in countries such as the U.S. and Canada in North America are key factors that are likely to drive the Dairy Products Packaging market in the region.
Global Dairy Products Packaging Market Segmentation
Market Insight, by Product
Market Insight, by Application
- Frozen Products
Market Insight, by Material
- Paper & Paperboard
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of World
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