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Overview
Packaging of products provides protection, information about the product, and security, among many other benefits. The main purpose of packaging is to deliver these products to consumers in their prime condition. It also allows the provision of information regarding the product contents, procedure, and ingredients. The global Dairy Packaging Suppliers market is anticipated to reach a market valuation of USD 25 billion by the end of the forecast period.
Market Research Future (MRFR), in a recent analysis, have studied various market drivers and restraints for the global Dairy Packaging Suppliers market. A rising availability of packaged dairy products via different retail distribution channels is observed due to a rise in population. Further, a rising preference towards protein-based products is another factor contributing to the fast-paced ascension noted in the global Dairy Packaging Suppliers market.
Moreover, rising popularity towards smaller multipacks and rising consumer preference towards yogurt, ice cream, and butter has led to an improvement in the demand for Dairy Packaging Suppliers. Manufacturers are focusing on grabbing a significant share of the global Dairy Packaging Suppliers market by providing international export and local production capabilities, boosting the global Dairy Packaging Suppliers market.
Market Segmentation
The global Dairy Packaging Suppliers market is studied for different segments for a detailed and accurate analysis. Such segmentation has been conducted by material, type, end-use, and region. Based on material, the global Dairy Packaging Suppliers market is segmented into glass, paper & paperboard, and plastic. The plastic segment is expected to showcase significant growth in the global Dairy Packaging Suppliers market during the forecast period. This can be credited to the rising adoption of plastic packaging due to several properties such as cost-effectiveness, lightweight nature, and a wide acceptance of plastic. Based on type, the global Dairy Packaging Suppliers market is segmented into cans, pouches boxes, and bottles. Based on end-use, the global Dairy Packaging Suppliers market is segmented into cheese, butter, milk, and frozen products.
Detailed Regional Analysis
The global Dairy Packaging Suppliers market is regionally segmented into the Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas is estimated to spearhead the global Dairy Packaging Suppliers market during the forecast period. Europe is expected to follow behind the Americas and fetch the second-largest share of the global Dairy Packaging Suppliers market during the assessment period. This can be accredited to the increased demand for the production of dairy products across the region.
Asia Pacific is expected to garner the fastest growth during the forecast period. This can be credited to the ascending disposable incomes of the consumers residing in the region. This is bound to fuel the demand for staple foods in the region, hence, driving the global Dairy Packaging Suppliers market. Further, proliferation in the standards of living is likely to fuel the surging Dairy Packaging Suppliers market. Rising geriatric population has led to a rise in the demand for dairy products, hence, driving the global Dairy Packaging Suppliers market. Moreover, mounting disposable income in developing countries such as China and Indonesia has led to a rise in the purchasing power of customers, pushing sizeable growth in the regional Dairy Packaging Suppliers market.
Key Players
Some of the influential players prevalent in the global Dairy Packaging Suppliers market include Amcor Limited , Ball Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), Bemis Company Inc. (U.S.), TetraPak Ltd (Switzerland), Berry Plastics, Inc. (U.S.), International Paper (U.S.), MeadWestvaco Corporation (West Rock) (U.S.), Sealed Air Corporation (U.S.), Mondi PLC , Rexam PLC (U.K.), Nampack Plastics, and Ardagh Group (U.K.).
Industry Update
July 2019: Valio’s plant-based Dairy Packaging Suppliers was announced as the winner of World Dairy Innovation Awards. It was the first company to introduce plant-based cartons for the packaging of milk. These packaging solutions are recyclable and sustainable as compared to plastic packaging solutions.
Read More :
https://uberant.com/article/690904-us-corrugated-and-paperboard-boxes-market-2020-overview/
https://www.wattpad.com/835521453-high-consumption-of-beverages-to-prompt-metal
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