Dairy Products Packaging Market: Global Trends, Top Players Updates, Future Plans, Industry Impact and Forecast till 2027

The demand for Dairy Products packaging is uplifting on account of the growing demand for the Dairy Products due to the growing population, higher incomes and more health consciousness, the slowdown in dairy industry growth is severely worrisome. More than 6 billion people worldwide consume milk and milk products; most of these people live in developing countries. Moreover, the rising cases of muscle tissue breakdown due to improper nutrition and the rising geriatric population are also leading to the growing demand for Dairy Productss. As per AAFP, approximately 26,000 cases of rhabdomyolysis are reported annually in the United States.

Moreover, emerging hotels chains due to the emerging number of international tourists are also leading to the growing market for Dairy Productss. As per a report by IHG, the global hotel industry is a US$525bn industry, made up of 18 million rooms in 2018. 54% of rooms are affiliated with a global or?regional chain (‘branded’), up from 50%?in?2012. Moreover, the number of international tourists increased from 1.966 billion in 2015 to 2.28 billion in 2019. Furthermore, increasing per capita spending of consumers on food and beverage worldwide has inclined many consumers towards fast, convenient, and healthy food options. For instance, in 2019, Japan has the highest per capita spending on food that is USD 4417.5 per person followed by Australia, Canada, and France with per-person spending of USD 3,003.6, USD 2986.9, and USD 2983.4, respectively.

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According to UnivDatos Market Insights (UMI)’ research report “Global Dairy Products Packaging Market Analysis, 2020”, the growing popularity of sustainable eco-friendly packaging solutions for packaging and biodegradable materials?is leading to the growing market of Dairy Products packaging.?Also, a new launch in the packaging industry is acting as a growth catalyst to the industry. For instance: Stanpac Inc. has unveiled a?bio-based polyethylene?resin coating sourced from sugarcane as a vapor and moisture barrier, comprising a large concentration of recycled fiber. Cardboard and paperboard packaging is also likely to gain ground for milk and ice-cream products

Based on the application, the milk segment acquired the major market share and dominated the global Dairy Products Packaging Market in 2020. Rising demand for plant-based milk and demand for various variants of milk such as fat-free, flavored milk, etc is leading to the growth of the market. However, the cheese segment would witness a considerable CAGR in the forthcoming years owing to the rising number of cafes and restaurants across the globe.

Based on the material, The plastic segment grabbed XX% market share and dominated the market in 2020. market. Plastic packaging allows protecting, preserving, storing, and transporting products in a variety of ways. The benefits of plastic packaging such as durability, safety. Hygiene, security, lightweight, and design freedom are acting as a growth catalyst to the industry.

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North America to Grab Lion’s Share, But Europe to witness Explicit Growth

Based on the Region, the North America region dominated the global Dairy Products Packaging market in 2020., stated in UnivDatos Market Insights (UMI)’ research report “Global Dairy Products Packaging Market Analysis, 2020”. Rising per capita Dairy Products consumption in the United States is leading to the growing market of Dairy Products packaging. As per USDA, the Dairy Products consumption in the united states reached 655 pounds per person increased from 628 pounds per person in 2015.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Dairy Products Packaging Market are 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., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry. ??

“Global Dairy Products Packaging Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the Dairy Products Packaging Market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.?????By Product (Flexible, Rigid)

2.?????By Application (Milk, Cheese, Frozen Products, Yogurt, Others)

3.?????By Material (Plastic, Paper & Paperboard, Glass, Others)

4.?????By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.?????By Company (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)

Key questions answered in the study:

1.?????What are the current and future trends of the global Dairy Products Packaging market industry?

2.?????How the industry has been evolving in terms of end-user demand and application areas?

3.?????How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.?????What are the key growth drivers and challenges for the Dairy Products Packaging market industry?

5.?????What are the customer orientation, purchase behavior, and expectations from the Dairy Products Packaging market firms across various regions??