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The global dairy packaging market report predicts the market to grow moderately during the forecast period and will post a steady CAGR of over 4% by 2020. A noteworthy factor that will spur the prospects for growth in this market is the increased use of biodegradable plastic. Biodegradable plastics are readily decomposed by microorganisms and have minimal impact on the environment compared to conventional plastics. As these plastics are made from petrochemicals with biodegradable additives, they will have a minimal toxic effect on the environment. Also, with the introduction of stringent environmental compliance regulations in the country, vendors will be compelled to adopt biodegradable plastics as a substitute to avoid hefty penalties.
In terms of geography, North America dominated this market during 2015 and is envisaged to retain its dominating hold over the market until the end of 2020 owing to rapid urbanization and the increased inclination of consumers towards packaged food products. Since the US is the largest producer and exporter of cheese in the world, it will be the largest market for dairy packaging in this region. Increasing demand for dairy products like butter, milkfat, yogurt, ice cream, and other dairy desserts will lead to the steady growth of the market in this region. By 2020, the market for dairy packaging in North America will generate revenues of close to USD 8 billion.
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During 2015, the global dairy packaging market was dominated by the flexible plastic packaging segment, which accounted for more than 27% of the total market share. Benefits like its lightweight property will lead to the augmented adoption of flexible packaging solutions as it will help reduce companies' transportation costs and carbon footprint. Also, factors like its high-cost benefits, reduction in landfill waste, and reduction of energy required in their manufacturing process in comparison to rigid materials will lead to its increased adoption among end users.
By application, the milk segment dominated this market and accounted for more than 34% of the total market share in 2015. Increasing consumption of flavored milk, ultra-high temperature (UHT) milk, different cheese varieties, and Laban (yogurt drink) will lead to the steady growth of this market segment over the next few years.
This market is characterized by the presence of many vendors manufacturing a variety of packaged dairy products. The market is also competitive, with vendors competing on the basis of product differentiation, portfolios, and pricing to gain maximum market shares. Due to the presence of numerous international and local suppliers, the market is highly fragmented, and providers adopt effective marketing and promotion strategies to offer new and improved products to the consumers.
According to the global dairy packaging market analysis report, the top vendors in this market are -
Other prominent vendors analyzed in this market research are Ahlstrom, Airlite Plastics, Allied Glass Containers, Ball, Barry-Wehmiller Companies, Blue Ridge Paper Products, Bomarko, C&H Packaging Company, CKS Packaging, Clondalkin Group Holdings, Consolidated Container, Crown Holdings, Dairi-Pak, Elopak, Essel Propack, Evergreen Packaging, Exopack Holding, Fabri-Kal, General Packaging Products, Genpak, Global Closure Systems, Graham Packaging, Graphic Packaging Holding, Huhtamaki OYJ, Interflex Group, International Paper Company, Linpac Packaging, MeadWestvaco, Nampak, Norse Dairy Systems, Oracle Packaging, Pechiney Plastic Packaging, Plastipak Industries, Polyoak Packaging Group, Polytainers, Printpack, Rock-Tenn Company, SF Holdings Group, SIG Combibloc Group, Silgan Holdings, Smurfit Kappa Group, Solo Cup Company, Stanpac, Toyo Aluminium K.K., Vacumet, Winpak, and Wipak Group.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by types of packaging material
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: Explore Technavio
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