According to the latest report by IMARC Group titled, “Dairy Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 21.7 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 26.9 Billion by 2024, exhibiting a CAGR of around 3.7% during 2019-2024.

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Packaging plays a pivotal role in the distribution of dairy products as they are perishable in nature. It assists in protecting the products against chemical, biological and distribution damages until they reach the end users. Moreover, it offers information to consumers about the product ingredients using labeling, which improves the marketability of these products. The packaging technology has recently experienced advancements to meet the requirements and convenience of consumers.

The global dairy packaging market is mainly being driven by the rising demand for convenient and informational packaging that includes details about usage, features and benefits of the product. Moreover, with the increasing number of health-conscious consumers, the demand for organic and fat-free dairy products is being spurred which, in turn, is impelling the market growth. Some of the other growth-inducing factors are the adoption of biodegradable plastic by manufacturers, inflating incomes levels of consumers, improving standards of living, and rapid urbanization.

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Market Segmentation:

Breakup by Packaging Material:

• Flexible plastic
• Rigid plastic
• Paper and paper board
• Glass
• Metal
• Others

Breakup by Packaging Type

• Single-pack
• Multi-pack

Breakup by Product Type

• Liquid cartons
• Bottles and jars
• Pouches
• Cans
• Cups
• Tubes
• Others

Breakup by Application

• Milk
• Cheese
• Cream
• Butter and ghee
• Yogurt
• Ice-cream
• Others

Regional Insights

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Competitive Landscape

The report has also examined the competitive landscape of global dairy packaging market. Some of the major players in the market are Ball Corporation, Mondi, Bemis Company, Inc., Rexam, RPC Group, etc.

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

Explore Packaging Market Research Reports: https://www.imarcgroup.com/categories/packaging-market-reports