One of the important growth factors for milk packaging is the rise in milk production due to an increase in demand for milk across the globe along with the surging population of cows across the globe. Moreover, growing demand of dairy products; change in lifestyle and awareness about the health benefits of the milk consumption, higher purchasing power and better standard of living is likely to propel the growth of the market in the near future. Technological innovation in milking the cow and packaging the milk is also expected to increase the growth of milk packaging market. However, fluctuation in the prices of the milk is likely to hamper the growth rate of milk packaging market.

Sarasota, FL -- (SBWire) -- 09/13/2018 --Global Milk Packaging Market: Overview

Globally in the milk packaging industry, the important aspect is to carry, protect and to sustain the freshness and the convenient of the milk. The trend of packaging varies with the country to country, for instance, in Germany milk are packed in cartons, in the U.S. milk are packed in pouches. Some of the following are the important characteristics of milk packaging includes physical protections, barrier protection, containment or agglomeration, information transmission, marketing, security, convenience, portion control. The milk packaging market has been witnessing innovations in the packaging technology such as Tetra pack according to the customer demands and convenience. As milk is a perishable product a lot of research and development is focused towards its packaging and distribution.

Global Milk Packaging Market: Growth Factors

One of the important growth factors for milk packaging is the rise in milk production due to an increase in demand for milk across the globe along with the surging population of cows across the globe. Moreover, growing demand of dairy products; change in lifestyle and awareness about the health benefits of the milk consumption, higher purchasing power and better standard of living is likely to propel the growth of the market in the near future. Technological innovation in milking the cow and packaging the milk is also expected to increase the growth of milk packaging market. However, fluctuation in the prices of the milk is likely to hamper the growth rate of milk packaging market.

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Global Milk Packaging Market: Segmentation

Based on the packaging types, the global milk packaging market is bifurcated into bottles, cans, pouches, tubs, and cups, others. Among these, pouches are dominating a segment of the market and furthermore is likely to gain the highest CAGR between 2018 and 2024. Cans and bottles are other important outlets of the market which is likely to achieve sustainable growth over the forthcoming years. The major material types of the market include glass, plastic, metal, paperboards, and others. Plastic is the most attractive segment of the market. Furthermore, it is also expected to be the most promising segment of the market during the next few years. Paperboards is also projected to have significant growth in the near future owing to growing penetration of the development of technology in the food and beverage packaging market across the globe.

Global Milk Packaging Market: Regional Analysis

In terms of regional analysis, Asia-Pacific is expected to witness the fastest growth during the forecasted period in terms of revenue. As various developing countries such as India and China are the major producer and consumers of milk in the region. The overall growth in the economy and the heavy investment made by the key manufacturers in the region is likely to make the Asia-Pacific as a dominant player. Presence of dense population and increase in the innovation of dairy product packaging are adding to the factors of growth for this region. North America and Europe follow the Asia Pacific respectively as their contribution to milk production and consumption are comparatively less than the Asia-Pacific.

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Global Milk Packaging Market: Competitive Players

The key players in the global milk packaging market include Tetra Pack, Amcor limited, Indevco, Evergreen Packaging, Elopak, Ball, Clondalkin Group Holding, Blue Ridge Paper Products, Crown Holding, CKS holding are among others. The other notable players in the market are DuPont (El) de Nemurs, Reynolds Group Holding Limited, Alcoa Inc., Saint Gobain S.A., Tetra Laval International, Consolidated Containers, Essel Propack, Fabri-Kal, Exopack Holdings, Global Closure Holdings, and Graham Packaging among others.

Global Milk Packaging Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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