The global dairy packaging market is anticipated to grow at a CAGR of over 4% during the forecast period. Dairy packaging acts as a physical barrier to food to contain the item from various damages and to preserve the quality of the product. The packaging should compel nutrient and weight losses along with providing the extended shelf life to the packed food item. Nowadays, food packaging does not only target product convenience and satisfactory protection rather it also provides various applications such as information regarding the content and highlighting key information regarding the packed product.
Browse the full report description of "Global Dairy Packaging Market Size, Share & Trends Analysis Report by Products (Milk, Cheese, Yogurt, and Other Products), By Material (Plastic, Paper & Paperboard, and Others), By Packaging Type (Rigid Packaging and Flexible Packaging), and Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/dairy-packaging-market
Several factors are to be measured when opting for the packaging material for dairy products. The factors include chemically inactivity of the material, proper sanitation, compatibility with the product, toxicity, impact resistance, light and odor protection, weight and shape requirements, marketing appeal, printability, and price among various other factors.
Trends in Dairy Packaging Market
Modified atmosphere packaging was previously utilized for the packaging of food products including fruits and vegetables, and other bakery products. It comes under the flexible packaging methods and is manufactured by varying the initial gaseous environment. No further control processes during the storage period are performed. Amendment of the internal atmosphere is attained by merging three main gases, including nitrogen (N2), carbon dioxide (CO2), and oxygen (O2). It focusses on slower down deteriorative reactions and to constrain the evolution of spoilage microorganisms. This approach allows to pack dairy with smaller amount preservatives and consequently, it became a prevalent solution for minimally processed foods which are gradually being required by the consumers.
Edible films and coatings are highly utilized owing to their advantages on food products along with product differentiation and its launching on the market. Coatings have parallel functions as those of conventional packaging with features to enact as resistance to gases, flavored compounds, and water vapor. It also offers extended shelf-life stability and improved structural integrity as well as handling of coated foods. However, there are some of the restraining factors of the edible coatings and films, that is, they cannot be used as the only packaging, which means secondary non-edible packaging is needed to hygienically and properly handle packed food-stuff. Besides, they are also used as carriers of different active compounds that can act as antioxidants, antimicrobials, or nutraceuticals.
Further, the growth of the global dairy packaging industry is influenced by the players operating in the market and are providing various packaging solutions for dairy products. Amcor PLC, Berry Global Group, Inc., Ball Corp., Sealed Air Corp., Huhtamaki Group, The International Paper Co., Mondi Group, Tetra Pak International S.A., and Winpak Ltd. are some of the major players operating in the global dairy packaging market. Merger & Acquisitions are observed to be major growth strategies adopted by the key players operating in the market.
In June 2019, Amcor completed the acquisition of Bemis Company Inc., The combined company now operates as Amcor Plc.
In June 2018, Huhtamaki Group acquired Ajanta Packaging in India for $15.5 million. The acquisition helped Huhtamaki in consolidating its position in pressure sensitive label business.
In September 2017, Greiner Packaging has increased its shares in Turkish dairy product packaging company Teknik Plastik Greiner Ambalaj from 51% to 100%. In 2015, Greiner acquired 51% stake in the companies Teknik Plastik and Teknik IML which were later merged into Teknik Plastik Greiner Ambalaj.
In June 2016, Ball Corp. completed the acquisition of Rexam PLC for around $6.1 billion of cash and equity, plus the assumption of around $2.4 billion of net debt, making Ball one the largest manufacturer of beverage cans globally.
Global Dairy Packaging Market – Segmentation
By Products
By Material
By Packaging Type
Global Dairy Packaging Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World