- Frozen Products
Dairy Packaging Market size was valued at USD 21.51 billion in 2023 and is expected to reach USD 30.85 billion by 2029, at a CAGR of 4.6% during the forecast period 2023-2029. Packaging plays a significant role in the delivery of dairy products that are fresh and delicate in nature. Packaging protects any product from getting damaged. Packaging not only protects products from biological, chemical, and physical sources but also attracts consumers simultaneously. Packaging works as an efficient marketing tool for building a brand. It is not just the source of protecting products but also provides useful information like product ingredients, content, and procedure information. Proper packaging always prevents contents from contagion and helps in proper transportation. Dairy products are foods that are consumed as a source of energy and have a short shelf life. As a result, good and effective packaging is essential for preventing contamination and extending shelf life. New technologies for packaging materials that can avoid contamination of dairy products are being developed by vendors in the worldwide dairy packaging industry. Cups, cans, sachets, bottles, and tubs are some of the containers used to package dairy goods, and they are made to the customer's convenience and product requirements. The growing distribution of dairy products via organized retail channels increased the demand for dairy packaging around the world. Packaging augments the marketability of the product.
Fastest Growing Market
With increasing environmental concerns, the foremost dairy industries are adopting environmental packaging for lessening their environmental effect and for preserving natural resources. If we take an example, Nestle is working for making its packaging 100% recyclable till the year 2026 to help reducing the carbon footprints of the company. Foremost dairy industries are bringing products in suitable and pioneering packaging formats like clear tubs, tetra packs, glass bottles and squeezable pouches. Packaging manufacturers are bringing innovative products into the market like modified atmosphere packaging with aseptic and antimicrobial properties. Such kind of packaging helps in expanding the shelf-life of products under refrigeration storage preventing products from fungal contagion. All these factors will drive the market growth. The growing implementation of packaged food products, growing health problems because of malnutrition and increasing fame of such products lead to the booming of dairy packaging market growth.
The dairy packaging market is projected to expand at a CAGR of 4.6% during the forecast period
Nampak Ltd, Rexam plc, Ardagh Group, RPC Group Plc, Evergreen Packaging LLC
North America is the fastest-growing region for dairy packaging market