Global Milk Packaging Market Key Manufacturers, Future Growth and Productivity Data Analysis - Forecast to 2023
Global Milk Packaging Market 2018–2023:
The milk packaging market is expected to register a CAGR of 2.77 % during the forecast period (2018–2023). The report is segmented on the basis of packaging type into cans, bottles, cups, pouches, and others, and on the basis of material into plastic, glass, paperboard, metal, and others. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study also emphasizes the benefits of milk packaging with respect to the diverse applications and the future prospect of the same.
The packaging of milk is an important aspect to protect, carry, and market in order to sustain its freshness and convenient form of the product. There are various packaging types which are used for packaging milk, such as bottles, cans, and pouches. The trends associated with the packaging types vary with respect to country and region. For example, in Germany, the milk is usually packed in cartons whereas in the US the milk is also packed in pouches. There are diverse reasons for good packaging of milk like safety, information, ease of storage & handling, and distribution damages. The rise in production of milk across the globe is expected to have a positive impact on the market growth over the forecast period. Furthermore, the correct choice of packaging material in accordance with the weather conditions helps in ascending shelf life of the product which is likely to boost the utilization.
Get a sample copy of this report@ http://orbisresearch.com/contacts/request-sample/2131446
Key Players:
· Stanpac Inc.
· Evergreen Packaging LLC
· Elopak
· Tetra Pak International S.A.
· Amcor Limited
· Ball Corporation
· INDEVCO Group
· Clondalkin Flexible Packaging
· CKS Packaging, Inc.
· Crown Holdings, Inc.
Rising Milk Production
The rapid increase in the number of cows in the dairy farm is expected to propel the milk production across the globe, thereby, fuelling the milk packaging market growth over the forecast period. In addition, the demand for dairy products, including cheese, yogurt, and cottage cheese, is increasing owing to health benefits offered by these products. This is projected to have a positive impact on the market growth over the next six years. There are various technological innovations in terms of milking a cow is emerging across the world. This development leads to less loss and profit maximization which is likely to affect the market on a positive note over the projected period.
Paperboard to Have the Highest Growth
The growing awareness associated with the environment is expected to have a positive impact on the paperboard packaging owing to its recyclable features. It offers extra protection to the stored product and increases shelf life. Moreover, the information imprinted on the packaging is clear and provide a high visibility, which is likely to propel the market growth over the forecast period. In addition, it omits the option for plastic or any other packaging which can be harmful for the environment. The aforementioned factors are projected to fuel the utilization of paperboard packaging for milk over the forecast period.
Make an inquiry before buying this report@ http://orbisresearch.com/contacts/enquiry-before-buying/2131446
Asia-Pacific to Witness the Highest Growth
The Asia-Pacific region has a high potential for lactose-free dairy products as a healthy alternative to lactose products which is likely to complement the production of milk, thereby, propelling the market growth. In addition, the population in the region is usually tolerant to the lactose-containing products which create new avenues for lacrosse-free products. Furthermore, the rising concerns over child nutrition are projected to complement the milk consumption, thereby, propelling the market. Additionally, the region is rich with farmers that have milk trading as their main source of income owing to which the market is expected to witness the highest growth over the forecast period.
Key Developments in the Market
• December 2017 — Malta Dairy Products Ltd revamped their brand Benna in order to provide fresh milk in 500 ml and 1 l cartons. This is expected to increase hygiene and enhance convenience to the consumers.
• December 2017 — New Covent Garden Soup Company unveiled diverse product range including Pure-Pak diamond carton which is projected to increase the product portfolio of the company, thereby, rising the influx of revenue.
Reasons to Purchase the Report
• The future prospect of the milk packaging market and opportunities.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• Regional analysis of the market.
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3-months analyst support, along with the Market Estimate sheet (in Excel).
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Info:
Hector Costello
Senior Manager — Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas — 75204, U.S.A.
Phone No.: +1 (214) 884–6817; +912064101019
Email id: [email protected]