Dairy food packaging market in Asia-Pacific is expected to show a tremendous growth rate during the forecast period. Packaging is anything which is used to contain, handle, protect, and deliver raw material and processed goods. The main purpose of packaging is to provide products to consumer in perfect condition. Some of the advantages of packaging includes provide information to a consumer regarding the product contents such as usage procedure, ingredients information etc. However, usage information on the packaging can limit buyer from buying is one of the disadvantage for packaging market
Dairy Products Packaging: Drivers and Restraints
Demand for dairy packaging is expected to rise during the forecast period primarily due to growth in offerings of dairy items in smaller packs, increasing disposable income. Also, the demand for packaging is surging because of growing popularity of smaller packs and rising consumer preference for dairy products such as yogurt. However, some of the major restraining factor of the dairy food packaging market are rising cost of raw material, ensuring compliance for product safety, sanitation and worker safety. Growing awareness about health, increasing urbanization, consumption of various dairy products resulting from rising demand for fresh foods as part of a healthy diet are major trends of the dairy food packaging market.
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Dairy Products Packaging: Segmentation
Global dairy packaging market is segmented on the basis of type, material, application and region. On the basis of type dairy food packaging market is segmented into tubs & cups, bottles, cans, pouches, carton & boxes and others. Further, carton & boxes is sub-segmented into gabletop cartons, folding cartons and aseptic. Cans are further sub-segmented into standard, aerosol and composite. On the material the market material the market is segmented into glass, plastic, metal, paperboard and others. Furthermore, on the basis of application the dairy food packaging market is segmented into milk, cheese, frozen products, cultured dairy products, cream, butter and other products. Lastly, on the basis of region the market is segmented into North America, Latin America, Western Europe, Asia-Pacific, Japan and Middle East and Africa.
Dairy Products Packaging: Regional Overview
Asia-Pacific is expected to exhibit highest CAGR in the global dairy packaging market during the forecast period due to growing R&D facility. In emerging economies China and India are anticipated to lead this growth trend in Asia-Pacific while Brazil is expected to drive the dairy packaging market by 2015 in Latin America due increasing consumer consciousness regarding benefits of health drinks and their packaging types and material used. North America and Western Europe are major market for dairy packaging but are expected to witness slower growth rate by 2025.
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Dairy Products Packaging: Key Players
Some of the prominent players in global dairy product packaging market are Ball Corporation, DuPont (EI) de Nemours, Reynolds Group Holdings Limited, Crown Holdings, Inc. , Amcor Limited, Alcoa Inc., Saint-Gobain S.A., Tetra Laval International S.A. to name a few. Key players have adopted a strategy of partnership, merger and acquisition in order to expand the company’s product portfolio and maintain a good supply chain of the products worldwide. Companies are also launching new products to cater the growing demand for unique and portable packaging.
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