By the year 2023, the global milk packaging market is anticipated to reach around $50 million dollars. Milk packaging is a method of using containers and other components to identify and carry milk products. Additionally, the packaging is a way to maintain proper hygiene of the product, as well as protect consumers from bacteria or other harmful organisms from entering the milk.
The Research Professionals pride themselves on offering clients the most up-to-date, clear, and reader-friendly information about their industry. Almost anyone can post information online nowadays, so sometimes it’s difficult to weave through what is false and what is true. Whether you are a business owner, company employee, or other entity that needs access to reliable reports about industry markets, then you can depend on us to provide you exactly that.
The market for global milk packaging is separated based on material, type, and geography. Packing types can entail pouches, bottles, cups, and cans. The packaging may consist of plastic, metal, paperboard, glass, and others. The global milk packaging market is expected to continue growing at a rate of 4.6% CAGR.
Trends for Dairy Packaging:
- Using nanotechnology advancements in packaging for dairy products
- Shifting from packaging that is more rigid, to flexible
- Using intelligent and active ingredients for packaging
Contributors of Market Growth:
- Increasing pouch packaging for end-users
- Increasing demand for products containing dairy
- The growth of flexible product packaging across every category
Restrains for Market Growth:
- Business operation costs to create packaging
- Paperboard procurement dynamics
Recycling challenges associated with products containing dairy
Analysis of Paperboard For Milk Packaging
As stated above, there are a few different types of materials that are used to package milk products. Paperboards provide an option for consumers who want to practice recycling and be environmentally friendly. The demand for paperboards in the market for global milk packaging has increased due to consumer’s awareness of harmful effects of plastics. Eco-friendly packaging is truly fueling the profit of milk products contained in paperboard. Paperboard material accounted for the highest share, and is expected to maintain this dominance through 2017-2023.
Nanotechnology in Global Milk Packaging
Nanotechnology is a way to help prevent disease and other health issues. By having implemented nanotechnology into the food packaging world, it has become a significant force behind the profit in dairy packaging markets. Nanotechnology is useful because it enables manufacturers to include antioxidants, active ingredients, and intelligent ingredients into the packaging itself, which extends the shelf life of the product. The dairy product packaging market has shifted from more rigid to flexible packaging, mostly due to the following three factors:
- Low spending for transportation of product
- Decreased costs for raw materials
- Reduced production expenditure
We can provide clients with the reports they need for specific industry markets. We understand that your success depends on your ability to get accurate information and statistics.