Global Milk Packaging Market 2016-2020

The infographic below contains key findings from our analysis of the milk packaging market   

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Outlook of the global milk packaging market

The milk packaging market research report predicts the market to grow at a CAGR of around 3% by 2020. One of the primary drivers for this market is the growing demand for milk packaging from developing countries. The high consumption of milk and milk products in these countries will boost the growth of this market. By 2017, the milk industry is expected to witness a rapid increase in demand for rigid packaging and cartons for liquids, especially containers for packaging flavored milk. In addition, the growing demand for flavored milk from developing countries such as India, China, and Brazil will also propel the prospects for market growth until the end of 2020.

One of the latest trends gaining traction in this market is the increased use of eco-friendly materials like paperboard. Paperboard packaging holds the largest market share in the global milk packaging market as it takes less time to break down and decompose in nature. Also, the materials used for paperboard packaging take only five years to break down under natural conditions, which is much less than materials like metal cans and polyethylene terephthalate bottles. The growing preference for biodegradable and sustainable packaging will augment the demand for paperboard in the coming years.

Segmentation by material and analysis of milk packaging market

• Paperboard packaging
• Rigid plastic packaging
• Flexible plastic packaging
• Others (metal and glass packaging)

During 2015, paperboard packaging segment dominated the milk packaging market and accounted for approximately 47% of the total market share. Paperboard packaging is highly preferred as it is easy to recycle. Besides, it also offers a strong barrier to the packaged products and shields them from any contamination. Vendors such as Elopak and PKL have come up with opening and closing fitments in the packages for easy use of consumers and better protection for the packed products.

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Geographical segmentation and analysis of milk packaging market

• APAC
• Europe
• North America
• ROW

APAC is expected to be the fastest-growing region in the milk packaging market and is anticipated to post an impressive CAGR of more than 4% during the forecast period. China and India will be the key revenue contributors to the market as they are the major producers and consumers of milk. The consumption of milk in these countries has increased owing to its numerous health benefits.

Competitive landscape and key vendors

This market is highly fragmented because of the presence of numerous local and international vendors. Several companies in this market are also present in other categories of packaging such as plastic bottle packaging and paperboard packaging, which in turn has intensified price wars among the vendors. In this market, the key players are entering into strategic agreements and are acquiring small local companies for expanding their product offerings and their geographical reach worldwide.

According to the milk packaging market analysis report, the key vendors in the market are -

• Amcor
• Ball
• Evergreen Packaging
• Elopak
• INDEVCO
• Tetra Pak

The other prominent vendors in the milk packaging market are Blue Ridge Paper Products, CKS Packaging, Clondalkin Group Holdings, Consolidated Container, Crown Holdings, Essel Propack, Exopack Holding, Fabri-Kal, General Packaging Products, Genpak, Global Closure Systems, Graham Packaging, Graphic Packaging Holding, Huhtamaki, International Paper Company, Linpac Packaging, Nampak, Printpack, RPC Group, Saint-Gobain, Sealed Air, SF Holdings Group, SIG Combibloc Group, Stanpac and Winpak.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global milk packaging market?
• What are the key market trends impacting the growth of the global milk packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global milk packaging market?
• What are the market opportunities and threats faced by the vendors in the global milk packaging market?
• Trending factors influencing the market shares of APAC, Europe, North Americ, and ROW.
• What are the key outcomes of the five forces analysis of the global milk packaging market?

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