Dairy Products Packaging Market: Current Analysis and Forecast (2021-2027)

Report Description

The Global Dairy Product Packaging is Expected to Display an Elevated CAGR of ~4.5% over the forecast period (2021-2027)

A rise in the number of food chains, QSR, and cafés across the globe is leading to the growth of Dairy Products packaging. As per the Department for Environment Food & Rural Affairs, the expenditure on food, drinks, and catering was USD 312 billion in the United Kingdom in 2019. Also, Canadian fast-food statistics reveal the Canadian fast-food industry is worth an impressive US$27 billion in 2021. It is expected to grow by 0.8% compared to the previous year. Also, The fast-food industry Canada facts show up to 34% of Canadians report dreaming of opening a restaurant, in the coming years and 3.7% are thinking of quick service. Casual and family-style restaurants are the most popular choice, and up to 32.7% would choose that.

A surge in the end user’s disposable income is one of the leading factors that is contributing to the growing market of Dairy Product packaging globally. Rising purchasing power in developing countries such as Australia, EU, Mexico,  Brazil, India, Thailand, and China is projected to allow consumers to spend more on their food and beverages, which is also acting as a growth catalyst to the industry.  As per OCED, the household spending in Canada, China, Denmark, European Union, France and Germany reached to 1,021,459.5, 9,241,095.5, 139,229.8, 10,785,281.3, 1,561,879.9 and 2,288,541.1 US$ million, respectively.

Household disposable income Net, Annual growth rate (%), By Selected Countries, 2017 – 2019

Mondi Group, WestRock Company, Bemis Company Inc., Sealed Air Corporation, Airlite Plastics, Saint-Gobain S.A., Amcor Plc., Saudi Basic Industries Corporation, Huhtamaki Group, International Paper Company, etc, are some of the prominent players operating in the Dairy Product Packaging market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst product, rigid segment holds the major share”

Based on the product, the market is fragmented into flexible and rigid. The rigid packaging segment grabbed XX% market share in 2020. The properties of rigid packaging such as a high barrier to light, moisture, and oxygen, which prevents food from getting contaminated are leafing to the market growth. However, the flexible packaging segment would grow t the highest CAGR in forthcoming years. The ability of the product to offer thinner, lighter, and compact packing in flexible packaging is leading to the growth of the market.

“Amongst application, Milk segment to grab considerable market share”

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 Product 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.

“Amongst material, plastic segment to grab considerable market share in forthcoming years”

Based on the material, the market is segmented into Plastic, Paper & Paperboard, Glass, and Others. The plastic segment grabbed the major market share and dominated the market. The growing preference for biodegradable plastic is leading to gain greater market share. The benefits of plastic packaging such as durability, safety. Hygiene, security, lightweight, and design freedom are acting as a growth catalyst to the industry.

“North America represents one of the largest markets of Dairy Product Packaging market”

For a better understanding of the market adoption of the Dairy Products Packaging Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of APAC), and Rest of World. North America constitutes a major market for the Dairy Products Packaging Market industry and generated revenue of USD XX Million in 2020 owing to the emerging demand for Dairy Products Packaging from the residential sector

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Dairy Product Packaging Market were the three major steps undertaken to create and analyze the demand for Dairy Product Packaging across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Dairy Product Packaging market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Dairy Product Packaging through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Dairy Product Packaging market, we conducted a detailed secondary analysis to gather historical market insights and share for the product, application, and material for major regions. Major segments included in the report are product and application types. Further region and country-level analyses were conducted to evaluate the overall adoption of Dairy Product Packaging across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Dairy Product Packaging. Further, we conducted factor analysis using dependent and independent variables such as the rising disposable income, rising demand for plant-based Dairy Products, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Dairy Product Packaging industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Dairy Product Packaging market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of Dairy Product Packaging across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Dairy Product Packaging market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Dairy Product Packaging market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of product, application, and material of the Dairy Product Packaging market.

Main Objective of the Dairy Product Packaging Market Study

The current & future market trends of Dairy Product Packaging were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Dairy Product Packaging in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product, application, and material
• Define and analysis of the regulatory framework for the Dairy Product Packaging industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Dairy Product Packaging market for the major countries
• The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
• Company profiles of the Dairy Product Packaging market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry