The dairy product packaging market share is estimated to exhibit healthy growth throughout the forecast period, expanding at a CAGR of 2.7%. The market size is expected to expand from USD 33.0 billion in 2024 to USD 43.1 billion by 2034.
Key Trends Dictating the Future of Dairy Product Packaging Industry
Attributes | Key Insights |
---|---|
Estimated Dairy Product Packaging Market Size (2024E) | USD 33.0 billion |
Projected Dairy Product Packaging Market Value (2034F) | USD 43.1 billion |
Value-based CAGR (2024 to 2034) | 2.7% |
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Leading Product Type | F-style Steel Cans |
---|---|
Value Share (2024) | 28.70% |
Based on product type, the F-style steel cans segment is anticipated to acquire a market share of 28.70% in 2024. The segment is propelled by the following factors:
Leading Material Type | Steel |
---|---|
Value Share (2024) | 45.50% |
The steel material is anticipated to acquire a market share of 45.50% in 2024. This segment is driven by the following factors:
Countries | Forecast CAGR (2024 to 2034) |
---|---|
The United States | 1.60% |
Spain | 2.10% |
India | 6.40% |
China | 4.70% |
Thailand | 4.10% |
Sales of dairy product packaging in the United States are projected to register a CAGR of 1.6% through 2034. Given below are the top factors that are catapulting the market growth:
Demand for dairy product packaging in Spain is anticipated to propel at a CAGR of 2.1% through 2034. Top factors that are propelling the market growth are:
The growth rate of the dairy product packaging market in India is projected to record a CAGR of 6.4% through 2034. Leading factors that are impacting the market dynamics are:
Demand for dairy product packaging in China is anticipated to expand at a CAGR of 4.7% from 2024 to 2034. The market is driven by the following factors:
The Thailand dairy products packaging industry is projected to be driven at a CAGR of 4.1% through 2034. The following factors propel the market growth:
Key players are developing sustainable and enhanced packaging solutions by using biodegradable, recyclable, and compostable materials. Additionally, players are designing packaging that offers prolonged shelf life, offers convenience features, and reduces spoilage. Industry participants are developing visually appealing packaging that echoes with their consumers and bonds with the brand identity.
Market contenders are targeting under-penetrated regions with high-growth potential in the dairy sector. Furthermore, the players are merging and buying out competitors to increase their access to new technologies, production capacity, and market share. Dairy producers are working in close association with dairy firms to comprehend certain consumer needs and create tailor-made packaging solutions. In addition to this, players are partnering with research labs and universities to create innovative packaging materials and technologies.
Key players are highlighting the functionality, sustainability, and aesthetic appeal of their packaging materials to rev up their sales. Additionally, industry participants are investing in marketing campaigns to increase brand awareness and their image in the dairy industry.
Manufacturers are further investing in technology and automation to streamline production processes and lower operational costs over the forecast period.
Latest Developments in the Dairy Product Packaging Market
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The market is estimated to account for USD 33.0 billion in 2024.
Throughout the forecast period, the dairy products packaging industry is projected to register a CAGR of 2.7%.
By 2034, the dairy products packaging industry is forecast to be worth USD 43.1 billion.
Steel is expected to obtain a substantial value share in the dairy product packaging market.
India is expected to find substantial growth prospects in the future.
Leading companies in the dairy products packaging industry include Mondi Group, WestRock Company, and Bemis Company Inc.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.3.1. Bags and Wraps 5.3.2. Bottles 5.3.3. Cans 5.3.4. Cartons & Boxes 5.3.5. Cups 5.3.6. Films & Wraps 5.3.7. Pouches 5.3.8. Tubes 5.3.9. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.3.1. Milk 6.3.2. Cheese 6.3.3. Frozen Products 6.3.4. Yogurt 6.3.5. Cream 6.3.6. Butter 6.3.7. Ice-cream 6.3.8. Cultured Products 6.3.9. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 7.3.1. Glass 7.3.2. Metal 7.3.3. Paperboard & Paper 7.3.4. Plastic 7.3.5. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 8.3.1. E-Commerce 8.3.2. Specialty Retailers 8.3.3. Supermarkets & Hypermarkets 8.3.4. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.3.1. North America 9.3.2. Latin America 9.3.3. Western Europe 9.3.4. Eastern Europe 9.3.5. South Asia and Pacific 9.3.6. East Asia 9.3.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1.1. Mondi Group 19.1.2. WestRock Company 19.1.3. Bemis Company Inc. 19.1.4. CKS Packaging 19.1.5. Sealed Air Corporation 19.1.6. Barry-Wehmiller Companies 19.1.7. Nampak Ltd. 19.1.8. Airlite Plastics 19.1.9. Huhtamaki Group 19.1.10. Evergreen Packaging 19.1.11. Saint-Gobain S.A. 20. Assumptions & Acronyms Used 21. Research Methodology
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