The US dairy packaging market was able to grow at a compound annual growth rate (CAGR) of 1% through 2011, hitting volume sales of 33.4 billion units.
Multipack offerings of dairy products within the US dairy packaging market remained popular in 2011. Market growth is being lead by consumers being concerned about their health meaning they are turning to dinking milk products as an alternative to carbonated beverages.
The US dairy packaging market saw yoghurt volume sales increase again in 2011, as manufacturers continued to position dairy products as healthier snack options. The yoghurt segment was able to increase at a CAGR of 3%, to reach volume sales of 10.6 billion units by the end of the year.
Innovation within the US dairy packaging market has focused mainly on barrier properties and shelf-life factors over the past few years. With the more recent push being towards sustainability, fewer innovations likely to cause change have been introduced and with manufacturers remaining cautious, it looks unlikely that any furthers innovative solutions will be implemented as manufacturers seek to limit their costs.
Unit volume sales within the US dairy packaging market are set to experience a CAGR of 2% through to 2016, as the weak economy continues to impact on the market over the next few years. As dairy prices fluctuate with volatility in demand, volume sales will likely fluctuate, affecting volume sales of products across dairy categories.
For more information on the US dairy packaging market, see the latest research: US Dairy Packaging Market
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