Market Size of North America Dairy Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.15 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Dairy Packaging Market Analysis
The Dairy Packaging Market in North America is expected to grow at a CAGR of 2.15% during the forecast period of 2020-2025. As millennial seek out products that are healthy and all-natural, 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.
- The North American region accounts for the largest share in the global dairy packaging market, owing 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 utilization of dairy packaging in the country..
- The increasing per capita consumption of dairy products and production of cheese in the United States are poised to compel the manufacturers to innovate in the packaging, in order to cope with the demand and maintain price certainty, which is likely to foster the market growth over the forecast period.
- The disruption to supply chains due to coronavirus is causing tonnes of fresh produce to be wasted in the U.S. Despite food shortages and high demand for dairy produce, the Dairy Farmers of America has had to ask farmers to dump their milk. The disruption to supply chains means that farmers are unable to get their produce to market. The short shelf life and perishable nature of dairy products, means the effects of coronavirus have hit them harder, and faster, than other agricultural industries.
