Dairy Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Dairy Packaging Market is segmented by Material (Plastic, Paper & Paperboard, Glass), Product (Milk, Yogurt, Cheese), Package Type (Bottles, Pouches, Bags, and Wraps), and Geography.

Market Snapshot

Dairy Packaging Market Overview
Study Period: 2019- 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.61 %

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Market Overview

The dairy packaging market was valued at USD 21.51 billion in 2020 and is expected to reach USD 28.08 billion by 2026 and grow at a CAGR of 4.61% over the forecast period (2021 - 2026). The growing culture of healthy snacking, higher consumption of ready-to-eat foods, and the rise in online and mobile shopping are altering how food is purchased and consumed. This, coupled with the changing consumer lifestyles to more health-conscious eating, is expected to impact the market.

  • The increasing availability of packaged dairy products through various retailing channels owing to the rising population and changing diets coupled with an increasing consumer preference toward protein-based products is expected to increase the adoption of dairy-based products across the world, driving the market forward.
  • The growing focus of the dairy manufacturers on capturing a share in the global dairy trade through best-in-class international export and local production capabilities has fueled the demand for better dairy-based packaging solutions.
  • The primary factor behind the expansion of sales of dairy products is the different types of packaging available nowadays. For instance, earlier milk was available only in gable-topped cartons. Still, milk is delivered in portable, brand-friendly PET bottles, which is an attractive option for increasingly busy consumers.

Scope of the Report

As millennials seek out healthy and all-natural products, dairy is often positioned as an attractive option. Numerous research studies have demonstrated that dairy, whether low or full-fat, offers health benefits, from combatting diabetes to boosting bone density, improving memory and complete mental health.

By Material
Plastic
Paper and Paperboard
Glass
Metal
By Product
Milk
Cheese
Frozen Foods
Yogurt
Cultured Products
By Package Type
Bottles
Pouches
Cartons and Boxes
Bags and Wraps
Other Package Types
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Key Market Trends

Milk Occupies the Largest Market Share

  • Milk is the most consumed dairy product across the globe. The high content of moisture and minerals present in the milk makes it very challenging for the vendors to store it for a longer period of time. This is one of the major reasons for milk being traded as milk powder or processed milk.
  • With the current milk processing technology, liquid milk packed in a bottle has a shelf-life between 10 to 21 days when stored at 4-8°C. With the emergence of processes like UHT (Ultra High Temperature) treatment of milk, the shelf life of packaged milk is further extended up to a year without refrigeration.
  • In the past four years, there has been a trend of encouraging local production, especially in the Asia Pacific region. Despite being responsible for almost 16% of the global milk production in countries like India, there is a considerable difference in supply and demand.
  • With the increased milk production on a global scale, packaging solutions will also witness an increased demand, which will drive the market forward.
Global Milk Production.png

North America Occupies the Largest Market Share

  • The North American region occupies the largest share in the global dairy packaging market due to the increased production and sale of dairy products, such as milk, cheese, and yogurt. Over the past few years, the consumption of dairy products in the United States has increased, especially cheese, parmesan, provolone, and mozzarella, which is likely to boost the dairy packaging market in the country.
  • The rapidly changing consumer preferences towards packaged food and changing economic scenarios are significantly affecting the US dairy packaging market. Considerable expansion of dairy product portfolio, primarily into sports nutrition, along with an increasing number of casual users, is expected to drive the market further.
  • Moreover, the increasing popularity of yogurt in PET bottles than thin wall plastic containers is compelling the manufacturers to focus on new packaging for the product. This is expected to fuel the dairy product packaging market over the forecast period.
Dairy Packaging Market Growth Rate By Region

Competitive Landscape

The dairy packaging market is highly competitive, owing to the presence of several major players in the market. The market appears to be moderately concentrated. With innovative and sustainable packaging, many companies are increasing their market presence by securing new contracts and tapping new markets. Some of the major players in the market are Berry Global Group, Inc., Sealed Air Corporation, Amcor plc, Ball Corporation, among others.

  • June 2021 – Huhtamaki announced the completion of an asset acquisition of Chinese company Jiangsu Hihio-Art Packaging Co. Ltd. This acquisition helps Huhtamaki strengthen its position in providing food service packagings like folding cartons, paper bags, and wraps in the Asian market.
  • January 2021 - Ball Corporation announced the plans to build a new facility in Bowling Green, Kentucky, to produce and manufacture new aluminum packaging products. This facility will help to produce lightweight, and recyclable aluminum ends for various customers.

Recent Developments

  • September 2021 - Greiner Packaging announced Emmi CAFFÈ LATTE, Europe’s leading ready-to-drink iced coffee brand, will start incorporating its new chemically recycled polypropylene into packaging. Greiner Packaging makes these cups from chemically recycled material that comes from Borealis.
  • August 2021 – Huhtamaki announced the acquisition of Elif Holding A.S., which is a leader in producing and supplying sustainable, flexible packaging to major global FMCG brands in Africa, the Middle East, and Europe. This acquisition helps Huhtamaki to reinforce its position in emerging packaging markets.
  • May 2021 - Stora Enso announced a partnership with Pulpex to produce fiber-based bottles. The packaging technology of Pulpex will help to industrialize the production of containers made from wood fiber pulp and eco-friendly paper bottles, offering an alternative to glass and PET plastics bottles.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGTHS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitute Product

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Impact of COVID-19

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Consumer Preference Towards Protein-based Products

      2. 5.1.2 Increasing Adoption of Packages Incorporating Small Portion Size

    2. 5.2 Market Challenges

      1. 5.2.1 Greenhouse Gas Emission due to Dairy Activities Leading to Legislative Issues

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Material

      1. 6.1.1 Plastic

      2. 6.1.2 Paper and Paperboard

      3. 6.1.3 Glass

      4. 6.1.4 Metal

    2. 6.2 By Product

      1. 6.2.1 Milk

      2. 6.2.2 Cheese

      3. 6.2.3 Frozen Foods

      4. 6.2.4 Yogurt

      5. 6.2.5 Cultured Products

    3. 6.3 By Package Type

      1. 6.3.1 Bottles

      2. 6.3.2 Pouches

      3. 6.3.3 Cartons and Boxes

      4. 6.3.4 Bags and Wraps

      5. 6.3.5 Other Package Types

    4. 6.4 By Geography

      1. 6.4.1 North America

      2. 6.4.2 Europe

      3. 6.4.3 Asia Pacific

      4. 6.4.4 Latin America

      5. 6.4.5 Middle East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles*

      1. 7.1.1 Huhtamaki Group

      2. 7.1.2 Berry Global Group, Inc.

      3. 7.1.3 Amcor PLC

      4. 7.1.4 Ball Corporation

      5. 7.1.5 Consolidated Container Company LLC

      6. 7.1.6 Saudi Basic Industries Corporation

      7. 7.1.7 International Paper Company

      8. 7.1.8 Winpak Ltd.

      9. 7.1.9 Sealed Air Corporation

      10. 7.1.10 Stora Enso Oyj

      11. 7.1.11 Greiner Packaging international GmbH

  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Dairy Packaging Market market is studied from 2019 - 2026.

The Dairy Packaging Market is growing at a CAGR of 4.61% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Huhtamaki Group, Berry Global Group, Inc., Sealed Air Corporation, Amcor plc, Ball Corporation are the major companies operating in Dairy Packaging Market.

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